Purchase Loan Types
Solutions for Every Homebuyer
Are you ready to purchase your new home? Whether you’re a first-time homebuyer or have done this many times, you will find Gateway Mortgage offers a wide range of smart mortgage solutions. Browse the loan types available below or reach out to one of our local locations. We’re here to help.
Conventional Loans
Provide flexible terms, offer great rates, and generally have a streamlined loan experience with less documentation and faster processing.
FHA Loans
Are government-insured loans with flexible options for first-time homebuyers, and those with less than perfect credit or lacking a large down payment.
VA Home Loans
Help military families realize homeownership with flexible guidelines, up to 100% financing, reduced interest rates and lower closing costs.
USDA (Rural) Home Loans
Are an ideal choice if you have low-to-moderate income, want to live in a rural area or outside of the city, and are looking for 100% financing.
Lock & Shop
Allows qualified homebuyers to lock their rate while shopping for a new home.
Adjustable Rate Mortgages (ARMs)
Make a lot of sense for homebuyers who want a lower initial lower interest rate and are comfortable with future rate adjustments.
Fannie Mae's HomeReady
Covers a wide range of property types and is an attractive program for first-time homebuyers or those seeking a low-down payment option.
Freddie Mac Home Possible and Home Possible Advantage
Is designed for first-time homebuyers or people in high-cost markets needing greater flexibility with max loan amounts and qualifying income limits.
Bonds and Down Payment Assistance Programs
Can help qualified homebuyers cover their down payment and closing costs with forgivable grants and favorable second mortgages.
Condo Loans
Help homebuyers who are interested in homeownership but prefer a different set of nuances and amenities that urban areas offer.