FirstTrust Home Loans, Inc. offers a range of loan programs to meet varying needs of homebuyers and homeowners. Our loan programs include:

1. Conventional Loans: These traditional mortgages are not insured or guaranteed by the government. They typically require a down payment of at least 3% and have flexible terms.

2. FHA Loans: Backed by the Federal Housing Administration (FHA), these loans are popular among first-time homebuyers and individuals with lower credit scores. They require a minimum down payment of 3.5% and offer more lenient qualification criteria.

3. VA Loans: Exclusive to veterans, active-duty service members, and their eligible spouses, VA loans are guaranteed by the Department of Veterans Affairs. They provide competitive interest rates, require no down payment, and often have lower closing costs.

4. USDA Loans: Aimed at rural homebuyers with low to moderate incomes, USDA loans are insured by the U.S. Department of Agriculture. They offer 100% financing and favorable terms, making homeownership more accessible in eligible areas.

5. Jumbo Loans: Designed for higher-priced properties, jumbo loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans typically have stricter requirements and may require a larger down payment.

6. Fixed-Rate Mortgages: With fixed-rate mortgages, the interest rate remains constant for the entire loan term, ensuring predictable monthly payments. This option is ideal for those who prefer stability and plan to stay in their homes long-term.

7. Adjustable-Rate Mortgages (ARMs): ARMs feature an initial fixed rate period, after which the interest rate adjusts periodically based on market conditions. This program suits borrowers who expect to relocate or refinance before the rate adjustment period begins.

8. Reverse Mortgages: Specifically created for senior homeowners aged 62 and older, reverse mortgages allow eligible individuals to convert part of their home equity into loan proceeds without monthly repayments. This program offers financial flexibility for retirees.

9. Construction Loans: Intended for individuals building a new home, construction loans provide short-term financing to cover the costs of construction until the property is completed. After construction, the loan can be converted into a more permanent mortgage.

10. Renovation Loans: With renovation loans, borrowers can finance the purchase of a property and include renovations or repairs in their mortgage. This program is ideal for those looking to upgrade or customize their newly purchased home.

Please note that eligibility criteria, loan terms, and interest rates may vary based on individual circumstances. We recommend contacting our expert loan officers to discuss your specific needs and find the right loan program for you.