Loan Options

Types of Mortgage Loans

Elcap Mortgage is your one-stop shop for residential and small-balance commercial lending. Having a wide range of lending products in our arsenal, we truly aim to provide a customized lending experience. Our loan officers can guide you through various lending scenarios to help you achieve your real estate goals. We can help you finance a vacation condo in Reunion or a doctor’s office in Tennessee. We can help you finance a short-term rental or your family’s very first home. Whatever your lending needs are, we’re here to help.

Have a scenario you’d like us to review?


FHA Loans

  • Low interest rates
  • Low down payments
  • High credit score not necessary
  • Can use for many types of property
  • Popular with first-time homebuyers


  • Warrantable
  • Non-warrantable
  • Condotels
  • Resort Financing – Reunion Resort plus more

Ground - Up Construction

  • 100% Financing for Experienced Builders (conditions apply)
  • Residential or Commercial
  • Products for FHA, VA and investors too!
  • Multi-Family okay too!

Conventional (Conforming) Loans

  • Conforms to guidelines set forth by Fannie Mae and Freddie Mac
  • Down payment options down to 3%
  • 10 – 30yr term options available
  • 620 Minimum Fico required
  • Requires monthly mortgage insurance for loan-to-values greater than 80%
  • County loan limits set by Federal Housing Finance Administration (FHFA)

Jumbo Mortgage Loans

  • Conventional non-conforming loans that exceed county loan limits set by FHFA
  • Higher credit score and reserve requirements
  • Larger down payment requirements of 10% – 20% down, based on credit.
  • Can be document intensive

Bank Statement Loans

  • For self-employed individuals
  • Qualified based on 12-24 months of personal or business bank statement deposits
  • NO tax return required!
  • Higher down payment requirement
  • Higher credit score requirement
  • Reserve assets may be required

Real Estate Investor Loans

  • Used for rental property acquisition 
  • Used for fix-n-flip rehab projects
  • No income verification!
  • Can be used for single unit property or multifamily property 
  • Higher down payment requirements
  • Moderate credit score requirements
  • Can be vested in LLC

Foreign National Loans

  • Non-US residents 
  • Used to acquire investment properties
  • Higher down payment requirement
  • Higher reserve requirement 
  • No SSN required

USDA Loans, VA Loans

USDA Loans
  • Backed by the U.S. Dept. of Agriculture
  • Property must be designated as rural. See eligibility map.
  • 100% financing available
  • Must meet USDA Household income requirements.
  • Primary residence only
VA Loans
  • Guaranteed by U.S. Dept. of Veterans Affairs
  • Available to active service members and veterans
  • 100% financing available
  • Primary residence only

Not sure which type of mortgage loan is right for your circumstances?

We’ll explain everything in clear language, to help zero in on the smartest option, and keep browsing cost low

Call Elcap Mortgage, Inc. at 404-671-9460