Loan Options
Progressive Innovation offers a variety of mortgage loans that are customized to suit individual borrower situations, ranging from first-time homebuyers and military families to rural homebuyers, so that borrowers can obtain a mortgage that facilitates a new life.
Conventional Loans
Conventional loans are mortgage loans that are not backed by the government and are offered by private lenders, typically requiring higher credit scores and larger down payments.
FHA Loans
FHA loans are government-insured mortgage loans designed to help people with lower credit scores or limited funds for a down payment to buy a home.
USDA Loans
USDA loans are a type of government-backed mortgage loan that is designed to help low- to moderate-income borrowers in rural areas purchase a home with no down payment requirement.
VA Loans
VA loans are a type of government-backed mortgage loan that is exclusively available to current and former members of the U.S. military and their families, offering benefits such as no down payment requirements and more lenient credit requirements.
DPA Programs
Down payment assistance (DPA) programs are designed to help homebuyers with limited funds for a down payment by providing grants or loans to cover some or all of the down payment and closing costs.
Fixed-Rate Loans
Fixed-rate loans are a type of mortgage loan with an interest rate that remains the same throughout the entire term of the loan, providing borrowers with predictable monthly payments.
Bridge Loans
Bridge loans are short-term loans that are designed to provide temporary financing to bridge the gap between the purchase of a new property and the sale of an existing property.