Loan Programs

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.

Purchase Loans

Mortgage solutions for purchasing a primary residence, second home, or eligible investment property.

• Conventional purchase loans (both Conforming and Jumbo)

• Government-backed purchase loans 

• Fixed-rate and adjustable-rate options

• Non-QM and special program loans 

Loan availability, terms, and requirements vary based on borrower qualifications, property characteristics, and lender guidelines.

Refinance Loans

Refinancing options designed to help borrowers adjust their existing mortgage structure when appropriate.

• Rate-and-term refinance

• Cash-out refinance (subject to qualification)

• FHA streamline refinance

• VA Interest Rate Reduction Refinance Loan (IRRRL)

Closing cost help may be available.  Please call for details.

Conventional Loans

Traditional mortgage programs that are not insured or guaranteed by a government agency.

• Fixed-rate conventional loans

• Adjustable-rate conventional loans (ARM)

• Conforming and non-conforming loan options

Conventional loans typically require stronger credit profiles and may offer flexibility in loan structure and property types.

FHA Loans

Government-insured mortgage programs backed by the Federal Housing Administration.

• Lower minimum down payment requirements

• Flexible credit qualification standards

• Available for purchase and refinance transactions

FHA loans are commonly used by first-time homebuyers and borrowers seeking more flexible qualification guidelines.

VA Loans

Mortgage programs available to eligible veterans, active-duty service members, and qualified surviving spouses.

• No down payment required (for eligible borrowers)

• Competitive interest rates

• No monthly mortgage insurance

VA loan eligibility and benefits are determined by the Department of Veterans Affairs.

Jumbo Loans

Financing solutions for loan amounts exceeding conforming loan limits.

• Available for primary residences and eligible second homes

• Competitive rates for qualified borrowers

• Higher credit and reserve requirements may apply

Jumbo loan programs vary by lender and market conditions.

Adjustable-Rate Mortgages (ARM)

Loan programs with interest rates that adjust periodically after an initial fixed-rate period.

• Common structures include 5/1, 7/1, and 10/1 ARM

• Initial fixed-rate period followed by rate adjustments

• May offer lower initial payments compared to fixed-rate loans

ARM suitability depends on borrower risk tolerance and long-term plans.

Fixed-Rate Mortgages

Mortgage loans with an interest rate that remains constant for the life of the loan.

• Common terms include 15-year, 20-year, and 30-year options

• Predictable monthly principal and interest payments

• Suitable for borrowers seeking long-term stability

Non-QM and Specialty Programs

Mortgage solutions designed for borrowers with non-traditional financial profiles.

• Bank statement loans

• Asset-based qualification programs

• Programs for self-employed borrowers

• Alternative documentation options

Non-QM loans are evaluated on a case-by-case basis and may involve different underwriting criteria.

Investment Property Loans

Mortgage programs for qualifying residential investment properties.

• Single-family and small multi-unit properties

• Fixed-rate and adjustable-rate options

• Different down payment and reserve requirements may apply

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.

Debt Service Coverage Ratio (DSCR) Loans

Financing solutions for income-producing investment properties that focus primarily on property cash flow rather than personal income.

• Qualification based on rental income and operating expenses

• Commonly used for single-family and small multi-unit rental properties

• Fixed-rate and adjustable-rate options may be available

DSCR requirements and eligibility vary by lender and property profile.

Fix & Flip Loans

Short-term financing options designed for investors acquiring properties for renovation and resale.

• Typically used for property acquisition and rehabilitation costs

• Shorter loan terms compared to traditional mortgages

• Underwriting based on project scope and after-repair value (ARV)

Fix & flip loan programs depend on investor experience, project feasibility, and lender criteria.

Construction Loans (Investment or Business Use)

Financing options for new construction or major renovation projects involving investment or business-use properties.

• Draw-based funding structures

• Financing tied to construction timelines and approved plans

• Conversion to permanent financing may be available in some cases

Construction loan availability depends on project details and borrower qualifications.

SBA Business Loans (Where Applicable)

Government-backed loan programs supported by the U.S. Small Business Administration for eligible business purposes.

• SBA 7(a) and SBA 504 loan programs (subject to eligibility)

• Commonly used for owner-occupied commercial real estate or business expansion

• Longer repayment terms compared to conventional business loans

SBA loan requirements and eligibility are determined by SBA guidelines and participating lenders.

Bridge and Short-Term Financing

Short-term financing solutions designed to support transitional real estate or business needs.

• Used to bridge timing gaps between property transactions

• Common in investment and redevelopment scenarios

• Terms, rates, and availability vary by lender