Discover the right loan program for you
No matter what’s on the horizon, Mortgage300 is by your side. See which loan program can power your dreams.

Conventional Fixed Loans
A conventional loan is a mortgage loan, which is not insured or guaranteed by any agency of the state or federal government. These fixed rate loans are available in 10, 15, 20, 25 and 30 year terms. These loans often provide quicker loan approvals than with FHA or VA.
FHA Loan
FHA (Federal Housing Administration) Loans are fixed or adjustable-rate loans insured by the U.S. Department of Housing and Urban Development. FHA loans are designed to make housing more affordable, particularly for first-time homebuyers.
While there are limits to the size of FHA loans, they are generous enough to handle moderate-priced homes almost anywhere in the country.
USDA Loan
Rural Development loans are offered in rural areas as determined by the United States Department of Agriculture (USDA). The USDA’s mission is to help lower income households obtain home loans at reasonable mortgage rates. USDA home loans offer many advantages to qualified borrowers.
USDA mortgage loans allow for purchase and no cash out refinances of primary residences. Some benefits of USDA are: 100% financing, no asset or automatic reserve requirements, Gifts allowed for closing costs, eligible USDA property types include single-family homes and condominiums.
USDA does have some income and property eligibility requirements. Also, even though a mortgage insurance premium is not required, USDA charges a 1% Guarantee fee and 0.35% annually to guarantee the mortgage. This fee may be financed into the loan amount.
VA Loan
VA Loans are mortgage loans made by an approved lender and guaranteed by the Department of Veterans Affairs.
VA loans are available to eligible veterans and those currently serving in the military, and often have no down payment requirements.
New Construction Loan
Wanting that New Construction Home? The home that is built just the way you want, just for you?
Mortgage300 has the perfect Construction loan for your needs. It is called the One Time Close for New Construction Homes. Close on your mortgage before your home is even built!
Adjustable-Rate Mortgage
The interest rate on this loan will be fixed for a stated period of time and will then become adjustable for the remainder of the loan. For example, a 5-year fixed (30-year) loan would have a fixed interest rate for the first five years and then convert to an adjustable rate for the remaining 25 years.
Adjustable rate loans have more risk due to the possibility that the interest rate could increase. However, because you are assuming the additional risk the lender will generally reward you with a lower interest rate and monthly payment during the initial fixed interest period.
These loans are of particular benefit to borrowers that plan to either sell the property or refinance before reaching the adjustable period. Mortgage300 offers several ARM programs with fixed interest ranging from 1-year to 10-year terms.
Jumbo Loans
Jumbo mortgages are home loans that exceed conforming loan limits which is above the conventional/conforming loan limit. A jumbo loan is one way to buy a high-priced or luxury home.
If you have a lower debt-to-income ratio, a higher credit score, and a larger down payment, a jumbo loan may be right for you.
Reverse Mortgage
A Reverse Mortgage is a special type of loan for homeowners age 62 years and older.
This type of loan allows homeowners to access a portion of their home equity as cash; you receive money from the lender as a lump sum, fixed monthly payment, or line of credit.
Unlike a forward mortgage—the type used to buy a home—a reverse mortgage doesn’t require the homeowner to make any loan payments.