Maybe you’re looking to settle into a community or start a family. Or maybe you have a job that requires periodic relocation or lifelong passions that might lead you elsewhere. Whatever your long- or short-term goals are, CrossCountry Mortgage offers conventional mortgages to help you meet them.

An FHA home loan is a government-backed mortgage program offered by a participating lender like CrossCountry Mortgage that gives you financial flexibility when buying a home, such as a low down payment and other benefits. FHA home loans are insured by the Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development (HUD). Thinking about buying your first home? An FHA loan may be just what you need. These mortgages benefit first-time homebuyers in that you can have a non-occupant, like a parent or relative, be a co-applicant on the loan with you. Your down payment can be as low as 3.5% of the purchase price.

A HELOC loan or home equity line of credit is a second mortgage with a revolving line of credit borrowed against the equity of your home and offers a flexible way to borrow funds. HELOC loans differ from traditional home equity loans in that you can draw money from a HELOC as needed instead of taking out a single lump sum loan.

Investment property loans are mortgages for the purchase of properties that you plan to generate income from. You can use these loans to buy properties that have one to four units and rent them out to tenants. You can also use these loans to buy properties that you intend to renovate and sell for a profit, also known as house flipping. There are different types of investment property loans, such as short-term hard money loans or conventional loans.

A VA loan is a mortgage that’s guaranteed by the U.S. Department of Veterans Affairs (VA). The VA doesn’t provide the money for the loans, but their guaranty helps lenders like CCM offer qualified Veterans, Active-Duty Military, and others more favorable terms on a home loan or mortgage refinance. There’s no first-time homebuyer requirement for a VA mortgage loan, and the VA benefit is reusable. The loan typically doesn't require a down payment, making it easier for eligible borrowers to get the home they want or the refinance they’d like.

Sometimes when potential home buyers are looking to buy a house, they start to consider building one instead. Before going down this road, borrowers should determine what it might cost to build a house and buy the land to build it on. Though building a house can be expensive, there are many ways to make it more feasible for first-time homeowners. Land loans are one of these resources.

Item descriptioThe conventional renovation loan is offered by FNMA, as the HomeStyle Renovation mortgage program, and Freddie Mac, as a CHOICERenovation program.

Whether you are looking at purchasing a home needing repairs or wanting to update your home, the HomeStyle or CHOICERenovation loan allows you to personalize the home to suit your taste.

Unlike other renovation loans, such as FHA 203(k) loans, a conventional renovation loan allows for luxury renovation projects such as installing an in-ground pool or backyard BBQ.

Your down payment could be as low as 3% of the total acquisition cost – perfect for renovation projects big and small.

Find the perfect fixer-upper? You can also use a renovation loan to buy a home below market value and make it your own. You can close on a home you can afford and possibly end up with instant equity, tapping into a market that cash investors typically dominate.