{"id":1017,"date":"2025-12-25T17:56:56","date_gmt":"2025-12-25T17:56:56","guid":{"rendered":"https:\/\/www.eurekahomemortgage.com\/?page_id=1017"},"modified":"2026-04-19T22:52:18","modified_gmt":"2026-04-19T22:52:18","slug":"loan_programs","status":"publish","type":"page","link":"https:\/\/www.eurekahomemortgage.com\/?page_id=1017","title":{"rendered":"Loan Programs"},"content":{"rendered":"\t\t
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Loan Programs<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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At Eureka, we offer a broad range of residential mortgage loan programs designed to support different financial situations, property types, and long-term goals. As a mortgage brokerage, we work with multiple lending partners to help borrowers explore competitive options and make informed decisions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Purchase Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Mortgage solutions for purchasing a primary residence, second home, or eligible investment property.<\/p>

  • Conventional purchase loans (both Conforming and Jumbo)<\/li>
  • Government-backed purchase loans<\/li>
  • Fixed-rate and adjustable-rate options<\/li>
  • Non-QM and special program loans<\/li><\/ul>

    Loan availability, terms, and requirements vary based on borrower qualifications, property characteristics, and lender guidelines.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Refinance Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Refinancing options designed to help borrowers adjust their existing mortgage structure when appropriate.<\/p>

    • Rate-and-term refinance<\/li>
    • Cash-out refinance (subject to qualification)<\/li>
    • FHA streamline refinance<\/li>
    • VA Interest Rate Reduction Refinance Loan (IRRRL)<\/li><\/ul>

      Closing cost help may be available. Please call for details.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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      Conventional Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      Traditional mortgage programs that are not insured or guaranteed by a government agency.<\/p>

      • Fixed-rate conventional loans<\/li>
      • Adjustable-rate conventional loans (ARM)<\/li>
      • Conforming and non-conforming loan options<\/li><\/ul>

        Conventional loans typically require stronger credit profiles and may offer flexibility in loan structure and property types.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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        FHA Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Government-insured mortgage programs backed by the Federal Housing Administration.<\/p>

        • Lower minimum down payment requirements<\/li>
        • Flexible credit qualification standards<\/li>
        • Available for purchase and refinance transactions<\/li><\/ul>

          FHA loans are commonly used by first-time home buyers and borrowers seeking more flexible qualification guidelines.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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          VA Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          Mortgage programs available to eligible veterans, active-duty service members, and qualified surviving spouses.<\/p>

          • No down payment required (for eligible borrowers)<\/li>
          • Competitive interest rates<\/li>
          • No monthly mortgage insurance<\/li><\/ul>

            VA loan eligibility and benefits are determined by the Department of Veterans Affairs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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            Jumbo Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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            Financing solutions for loan amounts exceeding conforming loan limits.<\/p>

            • Available for primary residences and eligible second homes<\/li>
            • Competitive rates for qualified borrowers<\/li>
            • Higher credit and reserve requirements may apply<\/li><\/ul>

              Jumbo loan programs vary by lender and market conditions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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              Adjustable-Rate Mortgages ARM<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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              Loan programs with interest rates that adjust periodically after an initial fixed-rate period.<\/p>

              • Common structures include 5\/1, 7\/1, and 10\/1 ARM<\/li>
              • Initial fixed-rate period followed by rate adjustments<\/li>
              • May offer lower initial payments compared to fixed-rate loans<\/li><\/ul>

                ARM suitability depends on borrower risk tolerance and long-term plans.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                Fixed-Rate Mortgages<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                Mortgage loans with an interest rate that remains constant for the life of the loan.<\/p>

                • Common terms include 15-year, 20-year, and 30-year options<\/li>
                • Predictable monthly principal and interest payments<\/li>
                • Suitable for borrowers seeking long-term stability<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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                  Non-QM and Specialty Programs<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                  Mortgage solutions designed for borrowers with non-traditional financial profiles.<\/p>

                  • Bank statement loans<\/li>
                  • Asset-based qualification programs<\/li>
                  • Programs for self-employed borrowers<\/li>
                  • Alternative documentation options<\/li><\/ul>

                    Non-QM loans are evaluated on a case-by-case basis and may involve different underwriting criteria.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                    Investment Property Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                    Mortgage programs for qualifying residential investment properties.<\/p>

                    • Single-family and small multi-unit properties<\/li>
                    • Fixed-rate and adjustable-rate options<\/li>
                    • Different down payment and reserve requirements may apply<\/li><\/ul>

                      For real estate investors and business owners, additional financing options are available depending on property type, cash flow, and project scope. These programs are evaluated based on lender-specific guidelines and are not subject to traditional residential underwriting standards.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                      Debt Service Coverage Ratio (DSCR) Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                      Financing solutions for income-producing investment properties that focus primarily on property cash flow rather than personal income.<\/p>

                      • Qualification based on rental income and operating expenses<\/li>
                      • Commonly used for single-family and small multi-unit rental properties<\/li>
                      • Fixed-rate and adjustable-rate options may be available<\/li><\/ul>

                        DSCR requirements and eligibility vary by lender and property profile.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                        Fix & Flip Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                        Short-term financing options designed for investors acquiring properties for renovation and resale.<\/p>

                        • Typically used for property acquisition and rehabilitation costs<\/li>
                        • Shorter loan terms compared to traditional mortgages<\/li>
                        • Underwriting based on project scope and after-repair value (ARV)<\/li><\/ul>

                          Fix & flip loan programs depend on investor experience, project feasibility, and lender criteria.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                          Construction Loans (Investment or Business Use)<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                          Financing options for new construction or major renovation projects involving investment or business-use properties.<\/p>

                          • Draw-based funding structures<\/li>
                          • Financing tied to construction timelines and approved plans<\/li>
                          • Conversion to permanent financing may be available in some cases<\/li><\/ul>

                            Construction loan availability depends on project details and borrower qualifications.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                            SBA Business Loans<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                            (Where Applicable)<\/strong><\/p>

                            Government-backed loan programs supported by the U.S. Small Business Administration for eligible business purposes.<\/p>

                            • SBA 7(a) and SBA 504 loan programs (subject to eligibility)<\/li>
                            • Commonly used for owner-occupied commercial real estate or business expansion<\/li>
                            • Longer repayment terms compared to conventional business loans<\/li><\/ul>

                              SBA loan requirements and eligibility are determined by SBA guidelines and participating lenders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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                              Bridge and Short-Term Financing<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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                              Short-term financing solutions designed to support transitional real estate or business needs.<\/p>

                              • Used to bridge timing gaps between property transactions<\/li>
                              • Common in investment and redevelopment scenarios<\/li>
                              • Terms, rates, and availability vary by lender<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                                Loan Programs At Eureka, we offer a broad range of residential mortgage loan programs designed to support different financial situations, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1017","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/1017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1017"}],"version-history":[{"count":164,"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/1017\/revisions"}],"predecessor-version":[{"id":3864,"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=\/wp\/v2\/pages\/1017\/revisions\/3864"}],"wp:attachment":[{"href":"https:\/\/www.eurekahomemortgage.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}