Home Loan Programs

Conventional Loans

Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.

FHA Loans

It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.

USDA Loans

A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.

VA Loans

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.

Copyright 2026. All rights reserved. Eric Newman, Lead Mortgage Advisor, Branch Manager, NMLS #97776

The Eric Newman Group, powered by Planet Home Lending, is dedicated to helping our clients structure their home financing to maximize the wealth creation opportunities that exist within homeownership. There is a right and wrong way to obtain a mortgage loan, and we’ll help you make the best choice.

NMLS Consumer Access: https://www.nmlsconsumeraccess.org/17022. Corporate Office 6333 N. State Hwy 161, Suite 500 & 600, Irving, TX 75038


* 50 fastest growing lenders source: www.BundleLoan.com. Planet Home Lending has not independently verified survey results.

Planet Home Lending, LLC is not affiliated with the U.S. Department of Veteran’s Affairs, U.S. Department of Housing and Urban Development or any other Federal Government Agency.

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