Conventional loans are ideal for borrowers with good credit and stable income who can meet standard lending requirements. These loans are not government-backed and offer flexible terms for various property types. • Ideal for borrowers with strong credit and stable income. • Typically requires a 620+ credit score. • Down payment options range from 3% to 20%. • Competitive interest rates and flexible terms. • Suitable for primary residences, second homes, and investment properties. Key Points to Remember: • Requires a credit score of 620+ • Down payment options from 3% to 20% • No upfront mortgage insurance with 20% down Tips: • Improve your credit score to qualify for better rates • Consider a larger down payment to avoid PMI (Private Mortgage Insurance) Pros: ✔ Lower interest rates for qualified borrowers ✔ Flexible loan terms (fixed or adjustable) ✔ Available for various property types Cons: ✘ Stricter credit and income requirements ✘ Larger down payments compared to government loans

FHA loans are government-backed and designed for first-time buyers and those with lower credit scores, offering lower down payment options and more lenient qualifications. • Designed for first-time homebuyers and those with lower credit scores. • Down payments as low as 3.5%. • More lenient credit and income requirements. • Requires mortgage insurance (MIP). • Government-backed for added lender security. Key Points to Remember: • Down payment as low as 3.5% • Requires a credit score of 580+ (or 500 with 10% down) • Mortgage insurance premiums (MIP) required Tips: • Check eligibility for down payment assistance programs • Budget for mortgage insurance costs when calculating payments Pros: ✔ Low down payment requirements ✔ Easier credit qualifications ✔ Can be used for 1-4 unit properties Cons: ✘ Mandatory mortgage insurance for the life of the loan ✘ Property must meet specific FHA standards

USDA loans help low-to-moderate-income homebuyers purchase homes in eligible rural and suburban areas with zero down payment. • For rural and suburban homebuyers. • No down payment required. • Income limits apply based on location. • Competitive fixed interest rates. • Must meet USDA property eligibility requirements. Key Points to Remember: • No down payment required • Property must be in an eligible rural area • Income limits apply based on location Tips: • Use the USDA eligibility map to confirm property qualifications • Be aware of annual guarantee fees Pros: ✔ 100% financing available ✔ Competitive fixed interest rates ✔ Lower mortgage insurance costs than FHA loans Cons: ✘ Property eligibility restrictions ✘ Strict income limits

VA loans are exclusive to veterans, active-duty service members, and eligible spouses, offering great benefits such as no down payment and no PMI. • Available to eligible veterans, active-duty military, and spouses. • No down payment and no private mortgage insurance (PMI). • Competitive interest rates. • Flexible credit requirements. • Funding fee may apply, but can be rolled into the loan. Key Points to Remember: • No down payment or PMI required • VA funding fee may apply (can be financed) • Must meet service eligibility requirements Tips: • Use VA loan benefits for refinancing options too • Ensure your lender is VA-approved for smooth processing Pros: ✔ No down payment required ✔ Lower interest rates compared to conventional loans ✔ Flexible credit requirements Cons: ✘ VA funding fee increases with multiple uses ✘ Only available to eligible military personnel

Bank statement loans are designed for self-employed individuals who may not have traditional income documentation but have consistent cash flow. • Ideal for self-employed borrowers. • Income verification based on 12 to 24 months of bank statements instead of tax returns. • Higher down payment requirements. • Flexible credit requirements. • Useful for business owners, freelancers, and gig workers. Key Points to Remember: • Uses 12-24 months of bank statements instead of tax returns • Higher down payments typically required • Suitable for freelancers and business owners Tips: • Maintain clear records of personal and business expenses • Work with lenders experienced in self-employed financing Pros: ✔ No tax returns required ✔ Flexible income verification options ✔ Ideal for self-employed individuals Cons: ✘ Higher interest rates than traditional loans ✘ Larger down payments needed

DSCR loans are perfect for real estate investors as they focus on the property’s income potential rather than the borrower’s personal income. • Designed for real estate investors. • Qualification based on rental income rather than personal income. • No tax returns required. • Allows financing for multiple investment properties. • Flexible loan terms and property types. Key Points to Remember: • Loan qualification based on rental income • No tax returns or W-2s required • Common for investment properties Tips: • Ensure the property generates sufficient rental income • Consider properties in high-demand rental areas Pros: ✔ Easier qualification for investors ✔ No personal income verification needed ✔ Can finance multiple properties Cons: ✘ Typically higher interest rates ✘ Requires solid rental cash flow projections

Stated income loans allow borrowers to declare their income without full documentation, making them useful for self-employed individuals with non-traditional income. • Borrowers state their income without traditional documentation. • Higher down payment requirements. • Suitable for self-employed individuals with fluctuating income. • Typically carries higher interest rates. • May require strong credit and financial reserves. Key Points to Remember: • Income stated without traditional verification • Higher down payments required • Suitable for fluctuating or seasonal incomes Tips: • Keep accurate financial records for lender review • Be prepared for larger reserve requirements Pros: ✔ No need for extensive documentation ✔ Faster approval process ✔ Flexibility for self-employed borrowers Cons: ✘ Higher interest rates ✘ Limited lender availability

Hard money loans are short-term, asset-based loans used for real estate investments, focusing on the property value rather than borrower credit. • Short-term loans for real estate investments. • Asset-based lending, with property value as the primary qualification. • Fast approval and funding. • Higher interest rates and fees. • Ideal for fix-and-flip investors or those needing quick capital. Key Points to Remember: • Fast approval and funding times • Higher interest rates and fees • Typically used for fix-and-flip projects Tips: • Have a clear exit strategy before applying • Work with reputable private lenders Pros: ✔ Quick access to funds ✔ Flexible credit requirements ✔ Suitable for short-term investment projects Cons: ✘ Higher costs and fees ✘ Short repayment terms