Home Loan Purchase Program Comparison

Our Loan Programs

At Meridian Home Mortgage, we have have several loan programs to meet your needs. Choose from the following links to learn more:

Home Loan Purchase Program Comparison

Whether you are buying another home or you are a first-time home buyer please compare the following home loan programs to find the home loan that is right for you.

Find the Home Loan Program That is Right for You

Mortgage Programs Table
Mortgage ProgramsAllowable Home UseMax Loan to Value (LTV)Max Loan AmountMinimum Credit ScoreMax Debt to Income(DTI)Monthly Mortgage Insurance
Conventional Home Loan
Primary
Second
Investment
Primary: 95%
Second: 90%
Invest.: 85%
417,000 620 45% Yes, over 80% LTV
Conventional High Balance Home Loan *
Primary
Second
Investment
Primary: 90%
Second: 80%
Invest.: 80%
$625,500
County Loan Limits
620 45% Yes, over 80% LTV
FHA Home Loan Primary 96.5% $625,500
FHA County Loan Limits
580 580-619 score – 31/43
620+ score – 47/57
Yes
VA Home Loan Primary 100% 625,500
VA County
Loan Limits
600 41%
(Up to 55% with compensating factors)
No
USDA Home Loan
Primary 100% $417,000 620 29/41% No
Jumbo Portfolio Home Loan
Primary
Second
Investment
85% Over $417,000 620 55% No
Reverse Mortgage Primary Varies Varies NA NA Yes