Which Mortgage is Right for You?
Which Mortgage is Right for You?
Which Mortgage is Right for You?
Loan Program Options
Conventional Mortgage Loan
Often great for people with solid credit scores! This is the most common mortgage loan and can help borrowers avoid unnecessary fees. Down payment as low as 3% (mortgage Insurance premium payments will likely be required for down payments of less than 20%) Credit score as low as 620.
Federal Housing Administration (FHA) Mortgage Loan
Can be a helpful option for people in need of more flexible credit score requirements. This mortgage loan option is insured by the Federal Housing Administration and designed to make homeownership more attainable for more people. Down payment as low as 3.5% Credit score as low as 580 Mortgage insurance premium payments required.
VA Mortgage Loan
Qualifying Veterans and their spouses have earned some helpful homeownership benefits. To all of you, we thank you for your service. No down payment required Credit score as low as 580 No mortgage insurance.
USDA Mortgage Loan
For lovers of rural living and small suburban communities. The USDA Mortgage Loan is backed by the United States Department of Agriculture. People looking to settle down in an approved area might qualify for some home-grown benefits. No down payment required No credit score requirements No mortgage insurance.
Jumbo Mortgage Loan
Need a bigger home loan? This could be the one for you. Jumbo mortgage loans allow qualifying homebuyers and refinancers to borrow more than allowed by the loan limits set on other loan types. Credit score as low as 660 Might require higher down payment than other mortgage loans.
Conventional Mortgage Loan
Often great for people with solid credit scores! This is the most common mortgage loan and can help borrowers avoid unnecessary fees. Down payment as low as 3% (mortgage Insurance premium payments will likely be required for down payments of less than 20%) Credit score as low as 620.
Federal Housing Administration (FHA) Mortgage Loan
Can be a helpful option for people in need of more flexible credit score requirements. This mortgage loan option is insured by the Federal Housing Administration and designed to make homeownership more attainable for more people. Down payment as low as 3.5% Credit score as low as 580 Mortgage insurance premium payments required.
VA Mortgage Loan
Qualifying Veterans and their spouses have earned some helpful homeownership benefits. To all of you, we thank you for your service. No down payment required Credit score as low as 580 No mortgage insurance.
USDA Mortgage Loan
For lovers of rural living and small suburban communities. The USDA Mortgage Loan is backed by the United States Department of Agriculture. People looking to settle down in an approved area might qualify for some home-grown benefits. No down payment required No credit score requirements No mortgage insurance.
Jumbo Mortgage Loan
Need a bigger home loan? This could be the one for you. Jumbo mortgage loans allow qualifying homebuyers and refinancers to borrow more than allowed by the loan limits set on other loan types. Credit score as low as 660 Might require higher down payment than other mortgage loans.
Conventional Mortgage Loan
Often great for people with solid credit scores! This is the most common mortgage loan and can help borrowers avoid unnecessary fees. Down payment as low as 3% (mortgage Insurance premium payments will likely be required for down payments of less than 20%) Credit score as low as 620.
Federal Housing Administration (FHA) Mortgage Loan
Can be a helpful option for people in need of more flexible credit score requirements. This mortgage loan option is insured by the Federal Housing Administration and designed to make homeownership more attainable for more people. Down payment as low as 3.5% Credit score as low as 580 Mortgage insurance premium payments required.
VA Mortgage Loan
Qualifying Veterans and their spouses have earned some helpful homeownership benefits. To all of you, we thank you for your service. No down payment required Credit score as low as 580 No mortgage insurance.
USDA Mortgage Loan
For lovers of rural living and small suburban communities. The USDA Mortgage Loan is backed by the United States Department of Agriculture. People looking to settle down in an approved area might qualify for some home-grown benefits. No down payment required No credit score requirements No mortgage insurance.
Jumbo Mortgage Loan
Need a bigger home loan? This could be the one for you. Jumbo mortgage loans allow qualifying homebuyers and refinancers to borrow more than allowed by the loan limits set on other loan types. Credit score as low as 660 Might require higher down payment than other mortgage loans.
Common Mortgage Questions
What makes Paradise Coast Mortgage different from big banks?
We’re local, fast, and personal. You get direct access to real experts, competitive rates, and loan options tailored to the Florida lifestyle, including second homes, condos, and luxury properties. We move fast and close smoothly, without the red tape.
How much do I need for a down payment?
Most loans require 3–20%, depending on the loan type. First-time buyers may qualify for as low as 3% down, while jumbo loans or investment properties usually need more. A 20% down payment avoids private mortgage insurance (PMI).
What credit score do I need to qualify?
Conventional loan: 620+, FHA loan: 580+ (with 3.5% down), VA loan: No set minimum, but lenders typically want 620+. Better credit = better rates.
How long does the mortgage process take?
On average, 20–30 days. At PCM, we often close faster, especially with pre-approval. Having your documents ready (W-2s, pay stubs, bank statements) speeds things up.
How do I get started today?
Use our free mortgage calculator to estimate your payment, or get pre-approved in minutes. Questions? Talk to a local PCM expert today. We’re here to walk you through it, every step of the way.
What makes Paradise Coast Mortgage different from big banks?
We’re local, fast, and personal. You get direct access to real experts, competitive rates, and loan options tailored to the Florida lifestyle, including second homes, condos, and luxury properties. We move fast and close smoothly, without the red tape.
How much do I need for a down payment?
Most loans require 3–20%, depending on the loan type. First-time buyers may qualify for as low as 3% down, while jumbo loans or investment properties usually need more. A 20% down payment avoids private mortgage insurance (PMI).
What credit score do I need to qualify?
Conventional loan: 620+, FHA loan: 580+ (with 3.5% down), VA loan: No set minimum, but lenders typically want 620+. Better credit = better rates.
How long does the mortgage process take?
On average, 20–30 days. At PCM, we often close faster, especially with pre-approval. Having your documents ready (W-2s, pay stubs, bank statements) speeds things up.
How do I get started today?
Use our free mortgage calculator to estimate your payment, or get pre-approved in minutes. Questions? Talk to a local PCM expert today. We’re here to walk you through it, every step of the way.
What makes Paradise Coast Mortgage different from big banks?
We’re local, fast, and personal. You get direct access to real experts, competitive rates, and loan options tailored to the Florida lifestyle, including second homes, condos, and luxury properties. We move fast and close smoothly, without the red tape.
How much do I need for a down payment?
Most loans require 3–20%, depending on the loan type. First-time buyers may qualify for as low as 3% down, while jumbo loans or investment properties usually need more. A 20% down payment avoids private mortgage insurance (PMI).
What credit score do I need to qualify?
Conventional loan: 620+, FHA loan: 580+ (with 3.5% down), VA loan: No set minimum, but lenders typically want 620+. Better credit = better rates.
How long does the mortgage process take?
On average, 20–30 days. At PCM, we often close faster, especially with pre-approval. Having your documents ready (W-2s, pay stubs, bank statements) speeds things up.
How do I get started today?
Use our free mortgage calculator to estimate your payment, or get pre-approved in minutes. Questions? Talk to a local PCM expert today. We’re here to walk you through it, every step of the way.