Loan Options
Conventional mortgages make up the majority of all home loans - about 64% in total. - Forbes
Find the Right Mortgage for Your Situation
No two borrowers are alike. Your income, credit history, down payment, and homeownership goals are unique — and the mortgage you choose should reflect that. Essex Mortgage offers a comprehensive range of loan products designed to meet buyers and homeowners wherever they are in their financial journey.
Whether you're purchasing your first home, refinancing an existing mortgage, or exploring equity options, our licensed loan officers will help you compare your choices, understand the tradeoffs, and move forward with a loan that truly fits.
CONVENTIONAL LOANS
I'd like to put a bigger down payment towards my loan.
Conventional loans are the most widely used mortgage product in the country. Not government-backed, they offer competitive rates, flexible terms, and options for primary residences, second homes, and investment properties. Ideal for borrowers with solid credit and stable income. Down payments can start as low as 3% for qualifying buyers.
FHA LOANS
I'd like to put a smaller down payment towards my loan.
Backed by the Federal Housing Administration, FHA loans are a popular choice for first-time homebuyers and those with less-than-perfect credit. With down payments as low as 3.5% and more flexible qualification standards, FHA loans open doors for buyers who may not yet qualify for conventional financing.
VA LOANS
I'm an active member of the military or a veteran.
Exclusively available to eligible veterans, active-duty service members, and surviving spouses, VA loans are one of the most powerful benefits available to those who've served. With no down payment required, no private mortgage insurance, and competitive interest rates, VA loans offer exceptional value for those who qualify.
USDA LOANS
I live in a rural area and need financing for a home.
Designed for buyers in eligible rural and suburban areas, USDA loans offer 100% financing with no down payment required. Income limits and property location requirements apply, but many suburban communities outside major metro areas qualify — making this an often-overlooked option worth exploring.
DOWN PAYMENT ASSISTANCE
I need to lower upfront costs to secure a mortgage.
For buyers who qualify for a mortgage but struggle with upfront costs, Down Payment Assistance programs can bridge the gap. Essex Mortgage works with grant programs, forgivable loans, and deferred payment options to help buyers get into a home sooner with less money out of pocket.
Not Sure Which Loan Is Right for You?
That's exactly what we're here for. Essex Mortgage takes a consultative approach — meaning we listen before we recommend. Our loan officers will take the time to understand your financial picture, your goals, and your timeline before presenting options that genuinely serve your needs.
We serve borrowers in 49 states, so wherever you're located, an Essex loan officer is ready to help you find the right path forward.
*Essex Mortgage cannot guarantee the qualification for any loan program. These qualifications are the minimal guidelines but there may be more needed for each loan program.