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One True Loan offers 5 different types of loans. These different loans provide our clients with wide loan range amounts. Below you can see our broad range of loans and how the loan limits determine which loan might be the one for you.

CONFORMING

Conforming loans are the loans that conform to Fannie Mae and Freddie Mac guidelines. This loan is also referred to as conforming. The max loan amount for conventional loans is $417,000. This is the most common type of loan.

SUPER CONFORMING

Super conforming loans were created for homeowners with loans over $417,000 and up to $625,500. This is common for homeowners that live in high cost areas and the appreciation of homes in a thriving market.

JUMBO

Jumbo loans exceed the conforming loan limits created by Fannie Mae and Freddie Mac. These are loans with balances above $625,500 and are made for homes that surpass the standard price of homes. We currently offer up to $2.5 million.

FHA

FHA loans are insured by the Federal Housing Administration. FHA loans were created to assist Americans who otherwise might not have enough money for a significant down payment. FHA allows potential homeowners to borrow more money that a traditional loan. This product is available for Primary residences only.

  • Only 3.5% down payment to purchase a home.
  • More flexibility to qualify with lower credit scores than traditional conforming loans.
  • FHA loans are assumable.
  • Sellers may pay up to 6% of the buyers closing cost on purchases.
  • No appraisal required on streamline FHA refinance loans if you are already in an FHA loan.

VA

VA loan is a mortgage that is guaranteed by the US Department of Veteran Affairs. VA loans were created for active duty military and retired veterans who qualify. It can be used to purchase a home or to refinance an existing home as long as it is the veterans primary residence.

  • No money down financing for active duty military or retired veterans to purchase a home.
  • There is no PMI on VA Loans.
  • Sellers may pay up to 6% of the veterans closing cost on purchases.
  • Cash out refinances up to 90% of the homes value.
  • VA Streamline refinance with minimal qualification available if you are already in a VA loan.

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One True Loan is compliant with federal, national, and state agencies.