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Loan Options

Find a loan to match
your specific needs.

Connect with a Loan Officer

Choose the loan that's
right for you

Conventional Loan

Our most popular loan for borrowers who qualify. Conventional loans offer more flexibility and options, but typically require a higher credit score and down payment.

Key features include:

  • Lower interest rates, especially for borrowers with strong credit
  • Flexible loan terms of 10, 15, 20, and 30-year, fixed or adjustable
  • No PMI with 20% down to lower monthly payments
  • Wide range of property types--primary or secondary homes
  • Higher loan limits than government-backed loans
  • No upfront mortgage insurance fees, unlike government-backed loans
Contact us to learn more
Jumbo Loan

For high-value properties, Jumbo loans typically require stricter credit and income qualifications.

Key features include:

  • Higher loan limits for high-cost areas
  • Access to premium or large properties
  • Flexible loan terms, both fixed and adjustable
  • Typically no PMI, even if putting down less than 20%
  • Competitive interest rates, similar to conventional loans
  • Customizable loan solutions to meet your financial needs
Contact us to learn more
FHA Loan

A government-backed mortgage designed for borrowers with lower credit scores or smaller down payments.

Key features include:

  • Low down payment requirements, often as low as 3.5%
  • Flexible credit score requirements, making it easier to qualify
  • Higher debt-to-income ratios allowed by lenders
  • Government-insured loans, making lenders more likely to approve
  • Available for refinancing an existing mortgage
  • FHA loans can be assumed by a new buyer
Contact us to learn more
VA Loan
A government-backed mortgage for veterans, active-duty service members, and eligible spouses, featuring no down payment requirements and competitive interest rates.

Key features include:

  • No down payment required
  • No PMI required
  • Lower interest rates than conventional loans
  • More forgiving with credit scores
  • VA loans feature strict limits on closing costs
  • VA loans can be assumed by a new buyer
Learn more
USDA Loan

A government-backed mortgage for low- to moderate-income borrowers in eligible rural and suburban areas, offering no down payment and competitive interest rates.

Key features include:

  • No down payment required
  • Low interest rates, helping you save on long-term costs
  • More lenient credit score qualifications
  • USDA loans can be used to build or improve homes
  • Tailored for homes in eligible rural areas
Contact us to learn more
Home Equity Line of Credit
A revolving line of credit that allows homeowners to borrow against the equity in their home, providing flexible access to funds.

Key features include:

  • Flexible access to funds, allowing you to borrow as needed
  • Lower interest rates than personal loans or credit cards
  • Eligible for interest-only payments during draw period
  • Funds can be used for any purpose
  • In some cases, interest on HELOC may be tax deductible
  • Borrow only what you need, when you need it
Contact us to learn more
Construction & Land Loan
A short-term loan used to finance the construction or renovation of a home or other real estate property. Construction loans can also be used to cover the cost of land, permits, and more.

Key features include:

  • Customized financing for new builds or renovations
  • Funds can be release in stages to match the construction process
  • Eligible for interest-only payments on funds disbursed
  • After construction, can be converted to a long-term mortgage
  • Can cover both land purchase and building expenses
  • Ideal for homeowners and developers alike
Contact us to learn more
Down Payment Assistance Loan

Down payment assistance loans to help homebuyers pay for a down payment and closing costs.

Key features include:

  • DPA loans help cover initial costs, making homeownership more accessible
  • Easier path to homeownership, especially for first-time buyers
  • Many offer flexible repayment terms to reduce financial strain
  • Help make monthly payments more affordable
  • Cater to a range of income levels, and those who may not qualify for a conventional loan
  • Support the building of long-term wealth through homeownership
Contact us to learn more
Non-Qualified Loan

Gold Star Mortgage also offers a variety of non-qualified mortgage loans, including Debt Service Coverage Ratio, Bank Statement, Stated Income, and P&L loans.

Key features include:

  • Alternative options to loan qualification
  • Loans for self-employed professionals
  • Streamlined income documentation
Contact us to learn more

Compare loans

Loan Type Min. Down Payment Credit Score Requirement Loan Limit Primary Use Mortgage Insurance Required Unique Features
Conventional 3%-20% 600+ Conforming limits Primary, secondary, investment If less than 20% down Flexible terms, various loan types
Jumbo 10%-20% 660+ Exceeds conforming limits High-value properties No Stricter qualifications for high-value homes
FHA 3.50% 540+ or
580+ manual		 FHA limits by county Primary residences Yes Low down payment, flexible credit
VA 0% 540+ or
580+ manual		 VA limits by entitlement Veterans, service members No No down payment, no PMI
USDA 0% 640+ USDA limits by area Rural properties No No down payment, rural eligibility
HELOC Varies Good to Excellent Varies by equity Equity access No Revolving credit line based on home equity
DPA Varies Varies Varies Down payment assistance No Assists with down payments
DSCR Varies Varies Varies by property income Investment properties No Focus on rental income for qualification
Bank Statement Varies 600+ Varies Self-employed borrowers No Income verified through bank statements
Construction Typically 20% Good to Excellent Varies by project Home construction No Covers cost of building new homes

Which mortgage type is
right for you?

Fixed Rate Mortgage

A fixed-rate mortgage has a constant interest rate for the entire loan term, unaffected by market changes. The 30-year fixed mortgage is the most popular, offering affordable monthly payments by spreading repayment over time. Other fixed-rate options are also available.

Key Benefits

  • Protection from rising interest rates
  • Simple and easy to understand
  • Consistent terms across lenders
  • Ideal for long-term homeowners
  • Predictable payments for borrowers
  • No prepayment penalties for refinancing
  • Available with most loan programs
Adjustable Rate Mortgage
An adjustable-rate mortgage (ARM) is a home loan with an interest rate that is fixed for an initial period, after which it adjusts periodically based on market conditions. This means your payments can fluctuate over time—sometimes rising, sometimes lowering—depending on market factors. ARMs typically offer lower rates at the start, making them appealing for borrowers who plan to move or refinance before the adjustment period begins.

Key Benefits

  • Enjoy low rates during initial period
  • Qualify with lower interest rates
  • Choose fixed period: 5, 7, or 10 years
  • Offers flexibility for changing circumstances or selling
  • Potential for lower monthly payments
  • Ideal for short-term homeownership plans
  • Lower initial costs than fixed-rate loans
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