Mortgage Loan Programs and Eligibility Requirements

A comparison of available loan programs - conventional, FHA, VA, USDA, jumbo, HELOC and specialty financing - with the credit, down payment and property rules that decide which one fits.

Because jumbo loans are larger, lenders look more closely at credit, reserves, and income — strong documentation is the key to a smooth approval.

Benefits of a jumbo loan

• Finance amounts above conforming loan limits in a single mortgage
• Fixed and adjustable-rate options
• Competitive rates for well-qualified borrowers
• Available for primary residences and second homes

What to consider

• Higher credit score and cash-reserve requirements
• Larger down payments are typical (often 10–20%)
• Full income and asset documentation is required

Ready to explore jumbo loans? Ciaara Hoffmann can walk you through eligibility, compare options, and get you pre-approved in Alaska and 19 more states.

Ciaara Hoffmann, Mortgage Loan Officer at Zillow Home Loans, LLC. NMLS #1976131. Call (909) 217-5510.

• Conventional loans for strong credit and steady income
• FHA loans with flexible credit and low down payment
• VA loans with no down payment for eligible veterans
• USDA loans for eligible rural and suburban properties
• Jumbo, DSCR, bank statement and bridge financing