Loan Programs — ClearPath Mortgage
Loan programs

Six programs. One honest comparison.

Every borrower's file gets priced across our full panel. Below is what each program is actually good at — and who it isn't for. Ask us anything; that's the job.

Conventional

Best for strong credit

The workhorse of American home lending. If your credit score is 620 or better and you have at least 3% down, a conventional loan usually offers the best combination of rate and long-term cost — especially once you can remove mortgage insurance at 20% equity.

  • Down payments from 3% for qualified first-time buyers
  • PMI drops off automatically at 78% loan-to-value
  • Fixed terms of 15, 20, or 30 years
  • Loan amounts up to the conforming limit
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FHA

Best for building credit

Backed by the Federal Housing Administration, FHA loans exist to make homeownership reachable earlier. Credit guidelines are more forgiving, and the down payment requirement is one of the lowest available.

  • 3.5% down with a 580+ credit score
  • Flexible debt-to-income guidelines
  • Gift funds allowed for the full down payment
  • Streamline refinance available later with minimal paperwork
Apply

VA

Best for those who served

If you're an eligible veteran, active-duty service member, or surviving spouse, the VA loan is very often the strongest program on the board. We handle the Certificate of Eligibility for you.

  • $0 down payment required
  • No monthly mortgage insurance — ever
  • Competitive rates backed by the VA guaranty
  • Seller can pay closing costs on your behalf
Apply

Jumbo

Best above conforming limits

For homes priced beyond the conforming loan limit, jumbo financing keeps your options open without forcing an enormous down payment. We work with lenders who underwrite complex income — business owners and equity compensation included.

  • Loan amounts into the millions
  • Down payments from 10% for well-qualified borrowers
  • Interest-only and ARM structures available
  • Underwriting that understands self-employment income
Apply

Refinance

Best for lowering your cost

A refinance only makes sense if the math works — so we show you the math. Every quote comes with a break-even analysis: exactly how many months until the savings outweigh the costs.

  • Rate-and-term refinance to cut your payment or your term
  • Cash-out refinance for renovations or debt consolidation
  • Transparent break-even analysis on every quote
  • Streamline options for existing FHA and VA loans
Apply

First-time buyer

Best for getting started

Not a single product, but a guided path. We pair first-time buyers with down payment assistance programs, homebuyer credits, and the loan type that fits — then explain every step before it happens.

  • Down payment assistance program matching
  • Free pre-approval with a written rate quote
  • One dedicated advisor from application to keys
  • Plain-English guidance at every milestone
Apply

Not sure which fits? That's normal.

Apply once and we'll price your file across every program above — then show you the comparison in one clear document.

Start your application
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