FHA Loans

    Saving for a down payment on a home can be hard! Our FHA loans may be the best choice for buyers who are tired of renting, purchasing a first home, have less-than-perfect credit, or need a smaller down payment option. You can finance up to 96.5%

    Conventional Loans

    A conventional fixed-rate loan is the most common type of mortgage. The interest rate is fixed at the beginning and remains the same throughout the life of the loan, so your principal and interest payment amount will never change.

    VA Loans

    We serve our valued Service Members and offer VA Home Loans to active duty service members, veterans, and their eligible family members. We offer competitive VA mortgage rates with up to 100% loan-to-value financing​ to get you into your new home sooner.

    Home Equity Loans

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    Fixed-Rate Mortgage

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    Adjustable-Rate Mortgage

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    Jumbo Loans

    Go big! Finance your dream home and live the lifestyle you’ve worked hard to achieve. We’re here to help those who require more significant loan amounts. We offer jumbo mortgage loans to qualified borrowers who require additional funds to finance their homes.

    Investment Property Loans

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    Construction Loans

    Build your dream home with our flexible construction loan options. Build new, renovate, or tear down and start fresh. It’s easier with the right financing in your plans. Turn your dream home into a reality with a Construction Home Loan from us!

    Refinance Loans

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    Hard Money Loans

    When traditional banks are unable to provide financing in time, a hard money loan can be the right solution. With a hard money loan, you get the funding you need when you need it. So if you require cash in a hurry, we got you covered!

    Private Lender Loans

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    Frequently Asked Questions: Traditional Mortgages

    What is a traditional mortgage?

    The term “traditional mortgage” refers to a broad category of loan types that typically have similar loan approval processes, income verification standards, documentation requirements, and so on. Traditional mortgages are often referred to as conventional loans, although this characterization isn’t completely accurate.

    A conventional loan is any loan that is backed by a private lender rather than the government. While Griffin Funding does offer conventional loans, several of our traditional mortgages—such as VA loans and FHA loans—are backed by the government.

    What credit score do I need for a traditional mortgage loan?

    The credit score you need will depend on the loan you’re applying for. While, for example, VA loan credit score requirements can be somewhat flexible, conventional loans tend to be more stringent. In general, lenders like to see potential home buyers that have a minimum credit score of 620. However, the higher your credit score is, the better your interest rate and loan terms will be.

    What is the interest rate for a traditional mortgage?

    The interest rate for your mortgage will depend on a number of factors. In general, the two largest factors impacting your interest rate will be market conditions and your own financial situation. You can typically qualify for a lower interest rate if you have a high credit score, low DTI, and a high income relative to the loan amount you’re applying for.

    Your interest rate also depends on the type of loan you take out. While some loans are more reliant on market conditions to determine a rate, others—such as VA loans and some loans for first-time home buyers—are able to offer lower rates due to special programs or government backing.