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Canvas Mortgage Loans

We’ll help you put together the home loan that’s right for you.
Know which loan you are looking for? Get started today.

Loan

Conventional Loans

These home loans conform to the loan limits set forth by Fannie Mae and Freddie Mac. Generally, these fixed term “conforming” loans are a good option for homebuyers with higher credit scores (typically over 620) and stable employment histories.

KEY FEATURES

  • Down payment as low as 3%

  • Fixed rates; terms from 10 to 30 years
  • Maximum mortgage amount: $548,250 (as of June 2021)
  • No income or area limitations

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FHA Loans

FHA loans are often a good option for a wide range of buyers, including first-time homebuyers, low-income families, and those with previous financial difficulties. The Federal Housing Administration (FHA) partially insures these loans.
Learn more about FHA loans.

KEY FEATURES

  • Down payment as low as 3.5%

  • Down payments and closing costs may come from a gift or grant
  • No income limits
  • Loan limits exist depending on location

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USDA Rural Development Loans

USDA Loans are low-interest loans designed for homebuyers in rural locations who do not qualify for a conventional loan. They’re a great option for buying a home in a qualifying rural area designated by the United States Department of Agriculture. Learn more about USDA Rural Development Loans.

KEY FEATURES

  • Provides up to 100% financing for qualified buyers

  • No down payment required for qualified buyers
  • Income limits of $91,900 (Family 1 to 4) and $119,200 (Family 5 to 8) (subject to change)
  • Income limits exist depending on location

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VA Loans

Partially insured by the U.S. Department of Veteran Affairs (VA), eligible military veterans and active servicemen and women may qualify for their dream home with easier guidelines and lower down payment options. Learn more about VA Loans.

KEY FEATURES

  • Allows eligible Veterans 100% financing

  • Maximum mortgage amount: $548,250 (subject to change)
  • Qualifying veterans may re-use this benefit

This Information is subject to change without notice.

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Get Started Today

We’ll help you put together the home loan that’s right for you.