A Down Payment Assistance Loan is designed to help qualified homebuyers purchase a home with little to zero down payment and in some instances also offer closing cost assistance.

Designed for low-to-moderate-income borrowers, these loans may require a lower down payment, currently as little at 3.5% down. A higher credit score means a lower down payment and better interest rates.  An FHA loan generally has higher loan limits and eased requirements make qualifying easier.

VA loans are provided by private lenders such as West Coast Mortgage Group and made to Service members, Veterans, and eligible surviving spouses to buy or refinance your current home loan. This enables the lender to offer more favorable terms and interest rates because the VA guarantees a portion of the loan which often means buyers can purchase a home with zero down payment.

Conventional loans are geared toward buyers with a credit score of at least 680 and may offer a down payment option as low as 3%. These loans follow government guidelines and conform to the loan limits set by the FHFA (Fannie Mae and Freddie Mac).

FHA Streamline Refinance Loan allows you to refinance an existing FHA home loan at a lower interest rate more quickly than a traditional refinance. You can secure this type of home loan with minimal documentation.

An IRRRL is used to refinance an existing VA loan. By refinancing, the veteran-borrower can replace the current VA loan with a new loan at a lower interest rate.