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Loan Type Options

With residential mortgages there are several different types of loans available to you, including: Conventional, FHA, VA and USDA - RHS loans. A loan specialist at 1st Mariner Mortgage can help you determine the loan that is right for you.

Comparison Chart: Types of 1st Mariner Bank Personal Loans

Take a look at the following chart to see how the four basic loan types differ from one another.

  Minimum Down Payment Appraisal Occupancy Type Loan Purpose

Conventional

As little as 5% of sales price

Primary Residence

Investment

Second Residence

Purchase & Refinance

FHA

As little as 3.5% of sales price

Primary Residence

Investment

Purchase & Refinance

VA

As little as 0% of sales price

Primary Residence 

Purchase & Refinance

USDA - RHS

As little as 0% of sales price

Primary Residence ONLY

Purchase & Refinance

Request a Free Consultation or Apply Today

Find out how 1st Mariner Mortgage can help you with your residential mortgage. If you are interested in a VA loan, contact our VA loan specialists to learn more today. Our representatives are ready to assist you.



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