Conventional Home Loans

  • Conventional Loans

    Conventional Loans

Our Most Popular Loan

Conventional loans are our most popular and versatile loan option. They're simple enough for the first-time homebuyer, but robust enough for the savvy real-estate investor. The best part? The stronger your financial health, the better rate you may get.

If you agree with any of the below, a conventional loan may be best for you!

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No PMI

You want to avoid mortgage insurance.

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Down Payment

You can afford more than the min. of 3%.

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Strong Credit

You have strong credit that's at least 620.

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Remodel

You're looking to remodel your home.

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Occupancy

This is a primary, 2nd, or investment home.

  • Screen Shot 2017-03-02 at 4.08.31 PM.png

    "I'm so glad we used Network Funding to buy our first home. They made it really easy for us."

    Ana & Nathaneal, Texas
  • "I got a great rate, but the customer service was just as, if not more, important than the rate."

    Matt, Texas
  • “The Loan Process was so easy. It was the best we have ever been through, by far!”

    Nicole & Upton Florida
  • Screen Shot 2017-03-02 at 4.08.31 PM.png

Know your home budget.

Download our free app, and know exactly how much a home could cost.

Are you ready to buy a home?

These 5 questions will tell you.


app in hand

*Disclaimer, Assumptions, & FAQs

Disclaimer

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you're just curious what you may be eligible for, just ask us!

Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.

Assumptions

For the information discussed on this page, we're assuming the following: $300,000 purchase. $291,000 loan amount. $1410 P&I. 4.125%(4.618% APR). 751 FICO.

How can I avoid PMI with a Conventional Loan?

You can avoid PMI (Private Mortgage Insurance) through one of two ways: 1) Put 20% or more down on your home purchase. 2) Use a second lien to keep keep your first lien at or below 80% of the value/price of your home.

When is it best to put more down on a Conventional Loan?

It depends on your situation. Typically improvements on rate and terms happen in increments of 5% (5%, 10%, 15%, 20%). Putting 7% down, for example, is not generally going to get you more favorable terms than 5% down; so to see an improvement, you would most likely need to put 10% down. Most of the time, our recommendation is that if you cannot reach the next increment of 5%, to just do the one that you can.

What are my options for remodeling with a Conventional Loan?

Your options will vary based on the intended purpose of the house (primary, vacation, investment), the scope of the remodel, your timeline & your equity. There are some loan programs where certain types of improvements can be financed into the loan (such as the Fannie Mae HomeStyle program), in other cases you may need to do a second lien after closing.

Can I buy a vacation or investment home with a Conventional Loan?

Yes. Assuming you qualify to carry the debt in addition to your primary residence.

Want to talk with someone?

Just fill in the form below, and we'll contact you!


Want to talk with someone?

Just fill in the form below, and we'll get in contact with you.


FHA Home Loans

  • FHA Loans

    FHA Loans

Great For First-Time Buyers

FHA loans are built with the first-time homebuyer in mind, but you don't have to be a first-timer to use them. With low down-payment options, low credit-requirements, and low interest-rates, these programs make it easier to finance a home for just about anyone.

If you agree with ANY of the below, an FHA loan may be best for you!

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First-Time

You're a first-time homeowner.

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Down Payment

You want to put a small amount down.

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Good Credit

You have okay credit that's at least 580.

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Remodel

You're looking to remodel your home.

property.png

Occupancy

This will be your primary home.

  • Screen Shot 2017-03-02 at 4.08.31 PM.png

    "I'm so glad we used Network Funding to buy our first home. They made it really easy for us."

    Ana & Nathaneal, Texas
  • "I got a great rate, but the customer service was just as, if not more, important than the rate."

    Matt, Texas
  • “The Loan Process was so easy. It was the best we have ever been through, by far!”

    Nicole & Upton Florida
  • Screen Shot 2017-03-02 at 4.08.31 PM.png

Know your home budget.

Download our free app, and know exactly how much a home could cost.

Are you ready to buy a home?

These 5 questions will tell you.


app in hand

*Disclaimer, Assumptions, & FAQs

Disclaimer

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you're just curious what you may be eligible for, just ask us!

Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.

Assumptions

For the information discussed on this page, we're assuming the following: $300,000 purchase. $289,500 loan amount. $1406 P&I. 4.000%(5.089% APR). 686 FICO.

Why are FHA Loans good for first-time buyers?

FHA loans are good for first-time homebuyers because they make owning a home possible for families that might not have a lot saved up yet or don’t have “perfect” credit. With low down payment options and typically lower interest rates than conventional loans, FHA loans are a great option for many first-time homebuyers.

When is it best to put more down on a FHA Loan?

Generally it’s not. Putting more down on a FHA loan does not generally improve the terms or interest rate. However, it does mildly improve the Mortgage Insurance Premiums (MIP).

On a 30-year Fixed Loan, there is a slight improvement if the borrower puts 5% (or more down) vs. the minimum required 3.5%.

On a 15-year Fixed Loan, there is a slight improvement if the borrower puts 10% (or more down) v the minimum required 3.5%.

What are my options for remodeling with a FHA Loan?

Network Funding offers the Limited FHA 203(k) mortgage program. This program allows for the financing of the remodel of a home, but it is limited in as far as the extent of the work, the timeline and the amount you can finance.

      • Eligible Transactions:

        • Purchase

        • Rate/Term Refinance

      • Eligible Property Types:

        • 1-2 Unit Primary Residence

        • FHA Approved Condominiums

        • PUDs

        • HUD REO

      • Amount of Repairs:

        • Max $35,000 total rehabilitation cost

        • No Minimum

      • Type of Repairs:

        • Minor Remodeling

        • No Structural Repairs

Can I buy a vacation or investment property with an FHA Loan?

Unfortunately, no. FHA loans are for primary residence transactions only.

Want to talk with someone?

Just fill in the form below, and we'll contact you!


Want to talk with someone?

Just fill in the form below, and we'll get in contact with you.


Jumbo Home Loans

  • Jumbo Loans

    Jumbo Loans

For Those dreaming Big

Jumbo loans are built for those with a big budget and big dreams. Although the standards for qualifying for a Jumbo loan are more rigorous than other options, it sure beats paying for your home in cash!

If you agree with ANY of the below, a Jumbo loan may be best for you!

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High-end

You'll need a loan that is above conventional limits.

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Down Payment

You can afford to put at least 10% down.

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Great Credit

You have great credit that's at least 680.

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Cash-out

You're looking to get some cash out of your home.

property_1.png

Occupancy

This is a primary, 2nd, or investment home.

  • Screen Shot 2017-03-02 at 4.08.31 PM.png

    "I'm so glad we used Network Funding to buy our first home. They made it really easy for us."

    Ana & Nathaneal, Texas
  • "I got a great rate, but the customer service was just as, if not more, important than the rate."

    Matt, Texas
  • “The Loan Process was so easy. It was the best we have ever been through, by far!”

    Nicole & Upton Florida
  • Screen Shot 2017-03-02 at 4.08.31 PM.png

Know your home budget.

Download our free app, and know exactly how much a home could cost.

Are you ready to buy a home?

These 5 questions will tell you.


app in hand

*Disclaimer, Assumptions, & FAQs

Disclaimer

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you're just curious what you may be eligible for, just ask us!

Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.

Assumptions

For the information discussed on this page, we're assuming the following: $1,000,000 purchase. $900,000 loan amount. $4627 P&I. 4.625%(4.669% APR). 761 FICO.

What are the loan amount limits for Jumbo Loans?

Network Funding offers Jumbo financing up to $1.5M but will make exceptions up to $2M.

When is it best to put more than the minimum down on a Jumbo Loan?

This will really depend on your exact file. Network Funding offers a lot of different Jumbo loan programs, so depending on your situation putting more down may or may not improve the terms of your loan.

Can I purchase a vacation or investment home with a Jumbo Loan?

Yes. Network Funding is pleased to offer several Jumbo loan solutions for both vacation homes and investment properties.

Want to talk with someone?

Just fill in the form below, and we'll contact you!


Want to talk with someone?

Just fill in the form below, and we'll get in contact with you.


USDA Home Loans

  • USDA Loans

    USDA Loans

For those who love the countryside

USDA loans are specifically for homes bought in designated rural areas. With low down-payment options, low credit-requirements, and low interest-rates, USDA loans are great for the first-time or experienced buyer.

If you agree with ANY any of the below, a FHA loan may be best for you!

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Location

You are buying in a rural area.

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First-Time

You're a first-time homeowner.

downPayment.png

Down Payment

You're looking for 100% financing.

credit620_3.png

Good Credit

You have okay credit that's least 620.

property.png

Occupancy

This will be your primary home.

  • Screen Shot 2017-03-02 at 4.08.31 PM.png

    "I'm so glad we used Network Funding to buy our first home. They made it really easy for us."

    Ana & Nathaneal, Texas
  • "I got a great rate, but the customer service was just as, if not more, important than the rate."

    Matt, Texas
  • “The Loan Process was so easy. It was the best we have ever been through, by far!”

    Nicole & Upton Florida
  • Screen Shot 2017-03-02 at 4.08.31 PM.png

Know your home budget.

Download our free app, and know exactly how much a home could cost.

Are you ready to buy a home?

These 5 questions will tell you.


app in hand

*Disclaimer, Assumptions, & FAQs

Disclaimer

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you're just curious what you may be eligible for, just ask us!

Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.

Assumptions

For the information discussed on this page, we're assuming the following: $300,000 purchase. $300,000 loan amount. $1512 P&I. 4.375%(4.883% APR). 707 FICO.

How do I know if I'm eligible for a USDA loan?

Eligibility for an USDA mortgage varies. Applicants must:

      • Income - meet income-eligibility (check here)

      • Property - purchase a property that meets all program criteria (check here)

      • Occupy - agree to personally occupy the dwelling as their primary residence

      • Citizen - be a US Citizen, U.S. non-citizen national or qualified alien

      • Legal - have the legal capacity to incur the loan obligation

      • Standing - be in good standing, having not been suspended or debarred from participation in federal programs

      • Credit - demonstrate the willingness to meet credit obligations in a timely manner

      • Qualify - qualify for the terms of the financing

Why are USDA loans great for first-time homebuyers?

USDA loans are great for first-time homebuyers because they allow for up to 100% financing and competitive interest rates. Making it as easy as possible for people to own a home.

Are all USDA loans eligible for 0% down?

Eligibility for 100% financing (0% down) varies based on the borrower’s and property’s eligibility. See “How Do I Know If I’m Eligible For A USDA Loan” for more.

Can I buy a vacation or investment home with a USDA loan?

Unfortunately, no. USDA loans are for primary residences only.

Want to talk with someone?

Just fill in the form below, and we'll contact you!


Want to talk with someone?

Just fill in the form below, and we'll get in contact with you.


VA Home Loans

  • VA Loans

    VA Loans

For those who've Served

VA loans are for qualified veterans (or those currently serving) and their families. With up to 100% financing available, no mortgage insurance (MI) and competitive rates, these loans are a great benefit for those who have served.

If you agree with ANY of the below, a VA loan may be best for you!

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You've Served

You've served in the armed forces.

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Down Payment

You're looking for up to 100% financing.

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Good Credit

You have okay credit that's at least 620.

remodel.png

REFinance

You're looking to refinance your home.

property.png

Occupancy

This will be your primary home.

  • Screen Shot 2017-03-02 at 4.08.31 PM.png

    "I'm so glad we used Network Funding to buy our first home. They made it really easy for us."

    Ana & Nathaneal, Texas
  • "I got a great rate, but the customer service was just as, if not more, important than the rate."

    Matt, Texas
  • “The Loan Process was so easy. It was the best we have ever been through, by far!”

    Nicole & Upton Florida
  • Screen Shot 2017-03-02 at 4.08.31 PM.png

Know your home budget.

Download our free app, and know exactly how much a home could cost.

Are you ready to buy a home?

These 5 questions will tell you.


app in hand

*Disclaimer, Assumptions, & FAQs

Disclaimer

The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you're just curious what you may be eligible for, just ask us!

Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.

Assumptions

For the information discussed on this page, we're assuming the following: $300,000 purchase. $300,000 loan amount. $1485 P&I. 4.125% (4.421% APR). 721 FICO.

How many homes can I buy with a VA Loan?

The VA loan program is designed for your primary residence only. That being said, depending on your VA entitlement amount, you can possibly reuse your entitlement in the future on subsequent primary residence purchases. Selling your previous home will usually free up your eligibility for future purchases.

When is it best to put more down on a VA Loan?

Putting money down on a home is completely up to the veteran. In most cases it will not improve the terms of the financing to put any/more down.

Can I buy a vacation or investment property with a VA Loan?

Unfortunately, no. VA loans are for primary residences only. That being said, if you were to move, you could keep your home and use it as a vacation home/investment property in the future. It would just affect your ability to continue to use your VA eligibility on future transactions.

Want to talk with someone?

Just fill in the form below, and we'll contact you!


Want to talk with someone?

Just fill in the form below, and we'll get in contact with you.


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