Fixed rate loans
With a fixed rate, the interest rate is set when you close and does not change, so principal and interest stay the same for the life of the loan.
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Loan options
Mortgage loan options
Every loan program we offer, in plain language: conventional, government-backed, jumbo, self-employed, home equity and investor options, with who each one suits.
Prefer to talk? Call 732-686-9999
- Direct, licensed mortgage lender
- NMLS #103098
- Equal Housing Lender
What are you planning?
Pick the one closest to you.
Get a quoteReady for the full application? Apply online
Fidelity Residential · NMLS #103098 · Equal Housing Lender
- Direct, licensed lenderNMLS #103098. Check our licences on NMLS Consumer Access.
- A licensed loan officerA real person reviews your file and answers your questions.
- Many kinds of loansWe compare programs to find the rules that fit your file.
- Apply online or by phoneStart a quote, apply online or call 732-686-9999.
Rate type
Fixed or adjustable
The rate type decides whether your payment can change.
Adjustable rate loans
An adjustable rate mortgage starts with a rate that is fixed for a set number of years. After that, the rate can change at set times, within limits called caps.
Learn morePortfolio ARM loans
A first mortgage the lender keeps on its own books, so it can set its own rules. The rate is fixed for a set number of years and then can change every year, so the payment can rise. We arrange it as your mortgage broker.
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Government-backed
Government-backed loans and down payment help
Smaller down payments, and help with the money you bring to closing.
FHA loans
Made by a private lender and insured by the Federal Housing Administration. FHA loans accept smaller down payments and lower credit scores than most conventional loans.
Learn moreVA loans
For eligible veterans, service members, Reserve and National Guard members and certain surviving spouses. No down payment in most cases and no monthly mortgage insurance.
Learn moreUSDA loans
Guaranteed by the U.S. Department of Agriculture to help low- and moderate-income households buy a modest home. The loan can cover the full appraised value.
Learn moreDown payment assistance
Assistance programs can cover some or all of your down payment and, in some programs, closing costs. The help is usually a second loan with its own terms.
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Larger loans and other income
Larger loans and other ways to show income
For higher-priced homes, and for income that tax returns do not show.
Jumbo loans
For a loan larger than the conforming limit set each year for the county. Each program sets its own rules, and the rules tighten as the loan grows.
Learn moreDoctor and dentist loans
A home loan for doctors, dentists and other licensed medical professionals, including residents and fellows, with no mortgage insurance.
Learn moreAlternative documentation loans
If your tax returns do not show your real income, there are programs that look at bank statements or assets instead.
Learn moreBank statement loans
A mortgage that looks at the money coming into your bank accounts instead of the income on your tax returns.
Learn more1099 loans
A mortgage that uses your 1099 forms instead of tax returns, for independent contractors, freelancers, gig workers and commission earners.
Learn moreProfit and loss loans
A mortgage for a self-employed borrower that uses a profit and loss statement prepared by an independent tax professional, in place of tax returns.
Learn moreEmployer verification (WVOE) loans
For salaried and hourly employees whose employer confirms their job, start date and pay in writing, in place of pay stubs, W-2s and tax returns.
Learn moreAsset based loans
A home loan where your verified savings, investments and retirement accounts can count in place of, or as well as, a paycheck.
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Non-QM
Non-QM loans: when standard rules do not fit
Programs outside conventional and government rules, for borrowers those rules turn down.
Full documentation non-QM loans
For borrowers who document income with pay stubs, W-2s or tax returns but do not fit conventional or jumbo rules.
Learn moreMortgage after bankruptcy or foreclosure
A bankruptcy, foreclosure, short sale, deed in lieu or loan modification in the past does not rule out a home loan.
Learn moreITIN loans
People who file US taxes with an Individual Taxpayer Identification Number instead of a Social Security number can apply for a home loan.
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Refinance and renovate
Use your equity, renovate or build
Turn equity into cash, or pay for the work a home needs.
Cash-out refinances
One new, larger mortgage in place of the old one, with the difference paid to you at closing.
Learn moreHome equity lines of credit
A line you draw on as you need it, behind the mortgage you already have, with interest only on what you have drawn during the draw period.
Learn moreFixed-rate second mortgages
One lump sum at closing, repaid in equal monthly payments at a rate that does not change, while your first mortgage stays exactly as it is.
Learn moreRenovation loans
A renovation mortgage pays for the home and the repairs or improvements it needs, with a single closing.
Learn moreConstruction loans
Renovation loans for the home you live in, and ground-up construction and rehab loans for real estate investors.
Learn moreReverse mortgages
Turn part of your home’s value into cash while you keep living in the home and keep the title. No monthly mortgage payment is required; the balance grows and must be repaid later.
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Real estate investors
Loans for real estate investors
For business purposes only.
Investment loans
Finance a rental or a second home with a standard mortgage, or finance a rental on the property's own rent.
Learn moreDebt service coverage (DSCR) loans
A loan on a rental property qualified on the property's own rent instead of your personal income. No tax returns or pay stubs; credit, assets and the appraisal are still checked. For business purposes only.
Learn moreFix and flip / bridge loans
Short-term financing to buy and renovate a property, then sell it or refinance it into a long-term loan. Renovation money is released in draws as the work is done. For business purposes only.
Learn moreCommercial loans
Business-purpose loans for investors, based on the property's rent: residential buildings of five to ten units, small mixed-use buildings, and several rental homes under one loan.
Learn moreFive to ten unit loans
A loan on a residential building of five to ten units, or a mainly residential mixed-use building, based on the building’s rent. For business purposes only.
Learn morePortfolio rental loans
Several rental properties financed with one loan, one closing and one monthly payment, based on the rent they bring in together. For business purposes only.
Learn moreShort-term rental loans
A DSCR loan on a house, condo or small property let by the night or week, based on its booking income; never your own second home. For business purposes only.
Learn moreForeign national loans
Buyers who live outside the United States can finance a US rental property without US income or US tax returns, qualified on its rent. For business purposes only.
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Questions
Common questions about types of mortgage loans
Can I get a mortgage if I am self-employed?
Yes. Depending on how you are paid, a lender can use your bank statements, your 1099 forms or a profit and loss statement prepared by an independent tax professional in place of tax returns. Your credit, savings and the home are still checked.
What is a non-QM loan?
A qualified mortgage is one that meets a set of federal standards for how a loan is built and documented; a non-QM loan sits outside those standards. The lender still verifies your income, assets and credit. Borrowers who document income with pay stubs, W-2s or tax returns but do not fit conventional or jumbo rules have programs built for them: see full documentation non-QM loans.
What is the difference between a HELOC and a second mortgage?
A home equity line of credit (HELOC) is a line you draw on as you need it, with interest only on what you have drawn during the draw period, at a variable rate. A fixed-rate second mortgage pays one lump sum at closing, repaid in equal monthly payments at a rate that does not change. Both leave your first mortgage as it is.
Can I finance a rental property on its rent instead of my income?
Yes, with a DSCR loan, a business-purpose loan on a rental property based on the property’s own rent instead of your personal income. No tax returns or pay stubs; your credit, your assets and the appraisal are still checked.
Can I get a mortgage after a bankruptcy or foreclosure?
A bankruptcy, foreclosure, short sale, deed in lieu or loan modification in the past does not rule out a home loan. See a mortgage after bankruptcy or foreclosure for how the waiting periods work.
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Not sure which loan fits?
Read choosing a loan program, pick up one of our short Guides and Tips, or ask a licensed loan officer at 732-686-9999.
Ready to talk about your loan?
Get a quote, apply online, or talk it through with a licensed loan officer.
This page is general information, not a commitment to lend. Programs, terms and eligibility depend on credit, income, property and underwriting review and are subject to change without notice.
Reviewed by Robert Shamie, CEO, NMLS #241428 · Last reviewed:
Fidelity Residential (PFN Lending Group, Inc., NMLS #103098) is a direct mortgage lender licensed in 40 states and the District of Columbia, with 26 years in business.