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Loan Options

There's More Than One Way
to Get Home

Every buyer's situation is different — and there's no one-size-fits-all loan. Here's a plain-language look at your options so you can start to figure out what fits.

For First-Time & Primary Home Buyers

These are the most common loan types for buyers purchasing the home they'll live in.

First-Time Friendly

FHA Loan

Flexible credit and down payment requirements. One of the most accessible paths to homeownership for buyers who are just getting started.

3.5% down 580+ credit Gov't-backed
Most Common

Conventional Loan

The most widely used loan type. Works across a range of situations — and mortgage insurance goes away once you reach 20% equity.

3%-5% down 620+ credit PMI drops at 20%
Veterans & Military

VA Loan

A powerful benefit for those who've served. No down payment required and no private mortgage insurance — ever.

$0 down No PMI VA-eligible only
Zero Down

USDA Loan

No down payment for eligible rural and suburban areas. More locations qualify than most buyers expect — including many suburbs.

$0 down Eligible areas only Income limits apply

🔍 FHA vs. Conventional — Which One Costs Less for You?

Not sure whether FHA or conventional is the better fit? See a real side-by-side cost breakdown, the credit score crossover point, and which one makes sense for your situation in Colorado.

See the Comparison →

For Investors & Move-Up Buyers

Buying above standard limits or growing a real estate portfolio? These options are built for that.

Real Estate Investor

DSCR Loan

Qualify based on the property's rental income — not your personal W2 or tax returns. Built for investors who are scaling a portfolio.

Investment only No W2 required 20–25% down
Move-Up Buyer

Jumbo Loan

For home prices above the standard conforming loan limit. Competitive rates and more flexibility than most people expect.

Above $832,750 700+ credit Strong reserves

Not Sure Which One Fits?

That's exactly what a Clarity Call is for. We look at your credit, savings, and goals together — and I'll tell you honestly which loan makes the most sense for your situation.

Schedule a Free Clarity Call Not ready to talk yet? Start with the Homebuyer Roadmap →
Loan Program Disclosures & Representative Scenarios: All financing examples shown are for illustrative purposes based on primary residence transactions, unless specified as investment, in Colorado. Subject to underwriting approval; interest rates, APRs, and terms change daily. Payments do not include taxes, insurance, or HOA fees; actual obligations will be greater.

Conventional (3% Down): $400,000 purchase price, 3% down ($12,000), $388,000 loan at a 6.750% interest rate (7.120% APR, including PMI), with an estimated principal and interest payment of $2,516 per month.

FHA (3.5% Down): $400,000 purchase price, 3.5% down ($14,000), $392,755 total loan amount, including financed UFMIP, at a 6.250% interest rate (7.150% APR, including monthly MIP), with an estimated principal and interest payment of $2,417 per month.

VA (0% Down): $400,000 purchase price, $0 down, $408,600 total loan amount, including the financed VA Funding Fee, at a 6.250% interest rate (6.550% APR), with an estimated principal and interest payment of $2,515 per month. Available to eligible military members, veterans, and qualifying spouses.

USDA (0% Down): $300,000 purchase price, $0 down, $303,000 total loan amount, including the financed USDA Guarantee Fee, at a 6.250% interest rate (6.850% APR), with an estimated principal and interest payment of $1,865 per month. Subject to geographic and household income limits.

DSCR Investment (20% Down): $500,000 purchase price, 20% down ($100,000), $400,000 loan at a 7.500% interest rate (7.680% APR), with an estimated principal and interest payment of $2,797 per month. Investment and business-purpose transactions only.

Jumbo (15% Down): $1,000,000 purchase price, 15% down ($150,000), $850,000 loan at a 6.875% interest rate (7.020% APR), with an estimated principal and interest payment of $5,584 per month.

Edge Home Finance, LLC | Company NMLS #891464 | Kat Fish, Licensed Mortgage Loan Originator, NMLS #2609071 | Licensed in Colorado | www.nmlsconsumeraccess.org | Equal Housing Opportunity.

Edge Home Finance, LLC is a private mortgage broker and is not affiliated with HUD, FHA, VA, USDA, or any government agency.