USDA Loans

USDA loans are offered by USDA, and they allow you to purchase, refinance, renovate, repair or even relocate a home. This program began in 1991  Eligibility may be restricted to rural areas. “Rural” is defined very loosely—but USDA loans are still great because they’re extremely accommodating to low-income borrowers.  The biggest benefit is the zero down payment option.
If you’d like to learn more about USDA Loans: click here

VA Loans

A VA loan is a loan guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. (C2 can handle VA loans)  The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.  The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. The biggest benefit is the zero down payment option.
If you would like to learn more about this loan, Click here.


FHA stands for the Federal Housing Administration, a government agency within the Department of Housing and Urban Development. One of the most common mortgage programs available is the FHA loan. For many, an FHA loan is a fantastic option to buy a home. For others, the benefits don’t quite outweigh the costs.  The main benefit is the 3.5% required down payment when buying. Having no credit or a lower than 620 credit score may often require you to use this type of Financing.  All in all, it is a very good loan for those starting out without much credit history and a smaller down payment.

Conventional Loans

These loans are continually changing.  As of today a buyer who qualifies could need as little as 3% down on a home purchase. If your scores are above 620 you should start your search here. Usually, these are the most cost-effective loans.

Reverse Mortgages

We have dedicated an entire web page to this and you can see the benefits by clicking here.
Disclosure: Encompass Mortgage NMLS #1614463
Loan approval is not guaranteed and is subject to lender review of information. Encompass Mortgage is an equal opportunity mortgage broker. Encompass Mortgage is approved to originate VA and FHA loans,and has the ability to broker such loans to VA/FHA approved lenders. Encompass Mortgage is not acting on behalf or at the direction of HUD/FHA or the VA.  Reverse Mortgage Specific Disclosure: The loan is repaid when the last borrower leaves the home or refinances the home or passes away. When the home is sold or refinanced the proceeds pay back the loan, accrued interest and mortgage insurance All of the remaining equity goes to the borrower or their heirs. As with any home-secured debt, the homeowner remains responsible for property taxes, homeowners insurance, HOA dues and property maintenance. An under-age spouse is not a borrower and is not on title. Their right to remain in the property for life is dependent on meeting all conditions of the HECM program including continued payment of property taxes and homeowners insurance and maintenance of the property. Available tenure payments or lines of credit extended to the borrower will cease upon their demise and will not be available to the non-borrowing spouse. Tom Russo – Licensed Mortgage Loan originator NMLS ID 352457
For the National Mortgage Licensing Consumer access click here