Loan Programs
Which loan works best for you?
With a wide range of loan options available, selecting the right one can feel overwhelming. That’s where our expertise comes in. Through a brief consultation, we take the time to understand your financial goals and unique circumstances to identify the loan program that best fits your needs. Below is a summary of the loan programs available through Platinum Mortgage.
Qualified Mortgages (QA)
Qualified Mortgages are home loan products that meet established underwriting and consumer protection standards set by federal regulations. These loans follow defined guidelines for income verification, debt-to-income ratios, and loan features to promote responsible lending. Qualified Mortgages are designed to provide borrowers with stable, predictable terms and are available through a variety of loan programs offered by approved lenders.
- Max LTV – 97% for First Time HomeBuyers. This includes those who haven’t owned a home in the prior 3 years.
- Max LTV – 95% for Primary Residence, non-First Time HomeBuyer.
- Max LTV – 90% for Second Homes
- Max LTV – 80% for Investment Properties
** Down Payment Assistance Programs may be available **
15-30 Year Terms Available
Fixed and Arm Products available
- Minimum Credit Score: 620
- Maximum Loan Amount – 2026: $832,750
- Minimum Loan Amount – $50,000
Available Interest Rates are contingent on multiple factors. Please contact a Platinum Mortgage Loan Officer to discuss rate options today!
Federal Housing Administration Loans (FHA)
FHA loans are government-insured mortgage programs designed to make homeownership more accessible. Backed by the Federal Housing Administration, these loans offer flexible qualification guidelines, lower down payment requirements, and competitive interest rates, making them a popular option for first-time homebuyers and borrowers with limited credit history.
- Max LTV – 96.5%
** Down Payment Assistance Programs may be available **
15-30 Year Terms Available
Fixed and Arm Products available
- Minimum Credit Score: 550
- Maximum Loan Amount – 2026: $541,287
- Minimum Loan Amount – $50,000
Available Interest Rates are contingent on multiple factors. Please contact a Platinum Mortgage Loan Officer to discuss rate options today!
Veterans Administration (VA)
VA loans are mortgage programs guaranteed by the U.S. Department of Veterans Affairs and available to eligible veterans, active-duty service members, and qualifying surviving spouses. These loans offer favorable terms, including no down payment options, competitive interest rates, and no private mortgage insurance requirements, helping make homeownership more attainable for those who have served.
- Max LTV – 100%
15-30 Year Terms Available
Fixed and Arm Products available
- Minimum Credit Score: 580
- Maximum Loan Amount – 2026: $832,750 – May go higher with equity minimums met.
- Minimum Loan Amount – $50,000
Available Interest Rates are contingent on multiple factors. Please contact a Platinum Mortgage Loan Officer to discuss your rate options today!
USDA and Rural Housing
USDA and Rural Housing loans are government-backed mortgage programs designed to support homeownership in eligible rural and suburban areas. Offered through the U.S. Department of Agriculture, these loans provide low to no down payment options, flexible credit guidelines, and affordable interest rates for qualified borrowers, making them an attractive option for those purchasing homes in designated areas.
- Max LTV – 100% – For Primary Residences Only
15-30 Year Terms Available
Fixed and Arm Products available
Household Income Caps apply
- Minimum Credit Score: 620
- Maximum Loan Amount – Determined by Debt to Income Ratio
- Minimum Loan Amount – $50,000
Available Interest Rates are contingent on multiple factors. Please contact a Platinum Mortgage Loan Officer to discuss your rate options today!
Jumbo Loans
Jumbo loans are mortgage products that exceed the conforming loan limits set by the Federal Housing Finance Agency. Because they cannot be purchased by Fannie Mae or Freddie Mac, these loans typically have stricter credit, income, and asset requirements. Jumbo loans are designed for financing higher-priced properties and often offer competitive terms for well-qualified borrowers.
- Max LTV – Will vary based on Final Loan Amount, Credit Score, and Residency
15-30 Year Terms Available
Fixed and Arm Products available
- Minimum Credit Score: 660-700: Depending on which program, LTV, and Credit Score is applied.
- Maximum Loan Amount – $5,000,000
Available Interest Rates are contingent on multiple factors. Please contact a Platinum Mortgage Loan Officer to discuss your rate options today!
Non-Qualified Mortgages (Non-QM)
Non-Qualified Mortgages are home loan products that do not meet the standard Qualified Mortgage guidelines but are designed for borrowers with unique financial situations. These loans offer flexible underwriting options, such as alternative income documentation or expanded credit criteria, while still emphasizing responsible lending. Non-QM loans provide financing solutions for borrowers who may not qualify for traditional mortgage programs.
- Bank Statement Loans
- Debt Service Coverage Ratio (DSCR) Loans
- 1099-Only Loans
- Profit & Loss (P&L) Loans
- Asset Utilization & Depletion Loans
- Restricted Stock Loans
Down Payment Assistance Programs for FHA and Conventional Loans
Reverse Mortgage
A reverse mortgage is a loan option available to homeowners aged 62 or older that allows them to convert a portion of their home equity into cash. Instead of making monthly mortgage payments, the loan balance is repaid when the homeowner sells the property, moves out, or passes away. Reverse mortgages are designed to help seniors supplement retirement income while remaining in their homes.
- Access equity like cash
- No monthly payment for life
- Does not affect your Social Security
- You still own your Home!
- FHA Insured
- Non-Recourse
- No restrictions on use of funds
- 62 Years or Older
- Adequate Equity in home
- Adequate income to cover living expenses
- Not in Bankruptcy or Foreclosure
- Current on Federal, State, and Property taxes