Purchase Loans

Buying a home is one of the biggest financial decisions you’ll ever make—and the right mortgage can make all the difference. At Moneta Mortgage, we help you secure the right purchase loan with competitive rates, clear guidance, and a smooth closing experience.

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Conventional Loans

Conventional Loans are standard home loans not backed by the government. They usually require a higher credit score and down payment but offer competitive interest rates and flexible terms for buyers with strong financial profiles.

  • Conventional Loans
  • Standard, non-government-backed
  • Requires good credit and down
  • Options:
    Conventional Fixed
    JumboConventional ARM

FHA Loans

FHA Loans are government-backed home loans that make it easier for first-time buyers or those with lower credit scores to buy a home. They require a smaller down payment and have more flexible credit requirements than conventional loans.

  • Government-backed → lower down payment (~3.5%) Easier credit requirements
  • Options:
  • FHA Fixed

VA Loans

VA Loans are home loans for veterans, active-duty service members, and eligible spouses. They often require no down payment, have no private mortgage insurance, offer competitive rates, and flexible credit requirements, making it easier to buy a home with little or no upfront cost.

  • For military, veterans, or spouses
  • No down payment, no PMI
  • Options:
  • VA Fixed

Interest-Only Loans

Interest-Only Loans let you pay only the interest for a set period, usually 5–10 years, which lowers your initial monthly payments. After that period, you start paying both principal and interest. They are often used by investors or borrowers who want short-term cash flow flexibility.

  • Pay only interest for first several years
  • Lower initial payments
  • Good for higher-income borrowers

USDA Loans

  • For homes in eligible rural areas
  • 0% down, income limits apply
  • Options:
    USDA Fixed

Bank Statement Loans

  • For self-employed borrowers
  • Income verified using bank statements instead of tax returns
  • Works well if income is irregular

P&L / Profit & Loss Loans For business owners

  • P&L / Profit & Loss Loans For business owners
  • Income verified using business
  • Profit & Loss statements
  • Good if tax returns show lower income due to deductions

DSCR Loans (Debt Service Coverage Ratio)

  • For real estate investors
  • Qualifies based on rental income, not personal income
  • Simplifies approval for investment properties

Hard Money Loans

  • Short-term, asset-based loans Usually for investment properties
  • or fast closings Approval based on property value,
  • not income or credit

Construction Loans

  • For building a new home or major renovations
  • Short-term, usually interest-only during construction
  • Converts to permanent mortgage once construction is complete