Loan Programs

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FHA

3.5% Down

For people who are looking for a bit more flexibility. Lower down payments and credit scores are accepted in this program.
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Jumbo

10% Down

For people seeking higher priced loans. Financing for loans up to $3 million.
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Conventional

3% Down

For people in search of a basic loan program. Standard, simple, and the most popular loan type we offer.
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USDA

0% Down

For people who love the outdoors and the countryside. USDA loans have low income requirements and are eligible for 100% financing.
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VA

0% Down

Loan programs designed for the benefit of people who served our country. $0 down payment and low income requirments.
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About Conventional Loans


Conventional mortgages are the most popular option for borrowers looking to purchase or refinance a home. Borrowers may choose between fixed- and adjustable-rate mortgages with terms from 10 to 30 years. Conventional mortgages are not insured or guaranteed by any government agency and may be sold to Fannie Mae or Freddie Mac.

Many borrowers enjoy the consistent monthly payment that comes with a fixed-rate Conventional loan, as this tends to make budgeting easier. However, adjustable-rate mortgages (ARMs) may make the initial payment lower with the payment adjusting after the fifth, seventh, or tenth year and every two years after for the term of the loan.

Why Get a Conventional Loan?

  • Put down as little as 3%.*
  • Credit scores as low as 620 may be accepted.
  • Fixed rates offer consistent monthly payments and simplify planning and budgeting.
  • ARMs may have lower initial monthly payments than fixed-rate loans and adjust after the fixed term.
  • Available for purchase, refinance, or cash-out refinance.

*Depending on specific loan characteristics.

About FHA Loans


A low down payment could open the door to your new home! Insured by the Federal Housing Administration, FHA loans were originally designed to serve first-time buyers with less-than-perfect credit or past credit issues. Today, FHA loans are available to borrowers of all kinds—even homeowners looking to refinance. FHA loans are generally more flexible in credit, income, and down payment requirements making them a secure choice for borrowers who might not qualify for Conventional loans.

Why Get an FHA Loan?

  • Put down as little as 3.5% for fixed-rate loans.
  • Credit scores as low as 580 may be accepted.
  • Can be easier to qualify for than Conventional loans.
  • Fixed and adjustable rates are available.
  • It’s possible to refinance a Conventional loan into an FHA loan.
  • FHA to FHA streamline refinances do not require an appraisal.
  • Available for cash-out refinance or rate/term refinance.
  • FHA-eligible down payment assistance programs allowed with a Cardinal Financial-approved program.

About USDA Loans


Searching for a home in a rural area? We help make it happen with 100% financing and flexible credit and underwriting terms. Insured by the U.S. Department of Agriculture, USDA loans are mortgages made specifically for rural properties. The USDA’s Single Family Housing Guaranteed loan program is a popular choice for low- and moderate-income families looking to purchase or refinance a home. USDA loans are an affordable method to obtain adequate, decent, and safe housing in rural areas. Eligible applicants may build, rehabilitate, or relocate a dwelling in an eligible rural area.

Why Get a USDA Loan?

  • 0% down payment.
  • Credit scores as low as 580 may be accepted.
  • Low to moderate income may qualify.
  • Borrower must be a U.S. citizen, non-citizen U.S. national, or qualified permanent resident alien.
  • Rural properties only (certain geographic eligibility requirements apply).
  • Available for purchase, rate/term refinance, or streamline refinance.

About VA Loans


We proudly offer home financing to those who serve and have served our country. If you’re a veteran or an active duty servicemember, there’s no better mortgage product for you. Guaranteed by the U.S. Department of Veterans Affairs, VA loans are specially designed with exclusive benefits—like flexible requirements and favorable terms—for veterans, active duty servicemembers, and eligible surviving spouses. Available programs include purchase and refinance options.

Why Get a VA Loan?

  • 0% down payment.
  • Credit scores as low as 580 may be accepted.
  • Credit scores as low as 600 accepted for manufactured housing.
  • Lowest interest rates available for qualifying borrowers.
  • No monthly private mortgage insurance (PMI).
  • Available for purchase or cash-out refinance.
  • Streamline refinance (IRRRL) with no appraisal and minimum documentation (current VA loans only).

About Jumbo Loans


Are you buying a luxury home? Looking for a loan greater than the Conventional loan limit? Jumbo loans make it possible for borrowers to purchase properties with low interest rates and loan amounts up to $3M. We offer a wide variety of Jumbo loan products, including fixed- and adjustable-rate mortgages. We also carry an interest-only option, which means your monthly payment is all interest and no principal! If you have a high credit score, low debt-to-income ratio, and a sizable down payment, a Jumbo loan may be the best choice for you.

Why Get a Jumbo Loan?

  • Put down as little as 10%.
  • Credit scores as low as 660 may be accepted.
  • Loan amounts up to $3M.
  • Low interest rates for qualifying borrowers.
  • Fixed rate, adjustable rate, and interest-only adjustable rate.
  • May be used for primary residence, second home, or investment property.