Loan options
Eight ways to finance a home, and a person who can tell you which one fits.
Eight programs, each with a page of its own. Read the one that sounds like you, or skip the reading and let a loan officer licensed in your state tell you which fits.
VA loans
Zero down, no monthly mortgage insurance, and a funding fee waived for many veterans receiving service-connected compensation.
VA loansConventional
As little as 3% down. Higher limits in designated high-cost counties. Mortgage insurance drops off once you reach 20% equity.
Conventional loansFHA loans
Built for buyers with shorter credit histories or thinner savings. Flexible qualifying, insured by HUD.
FHA loansUSDA loans
No down payment for eligible properties — including much of southern Utah and the areas around our smaller markets.
USDA loansJumbo loans
Financing beyond conforming limits, with underwriting handled in house rather than shipped out.
Jumbo loansConstruction
Build and permanent financing combined, so you close once and your rate is set before the foundation is poured.
Construction loansReverse mortgages
Convert equity into income or a line of credit with no monthly mortgage payment. 2026 HECM maximum claim amount $1,249,125.
Reverse mortgagesPortfolio loans
For self-employed borrowers and investors whose tax returns understate real income. Bank statements and asset-based qualifying.
Portfolio loansEvery figure here reflects 2026 program limits published by FHFA, HUD and the VA, and is reviewed as they change. Program terms are set by the agencies and subject to change; this is not a commitment to lend. Patriot Home Mortgage is a d/b/a of Belem Servicing LLC, NMLS #715386. Equal Housing Lender.