Wealthstar Mortgage LLC
Apply Now

Loan Programs

Wealthstar Mortgage offers flexible
mortgage loan programs tailored to your
financial goals.

Solutions Designed for Your Needs

Explore flexible mortgage loan programs designed to support your homeownership journey with clarity, confidence, and personalized guidance.

Conventional loans are not insured or guaranteed by the federal government, and are a good option for borrowers with good credit who can afford higher down payments than borrowers who take out government-backed mortgage. Conventional loans can offer better terms for those who have good credit and stable source of income.

Conventional loans have stricter qualification requirements than other loan options, including government-insured loans. These qualification guidelines will vary between lenders, but most all conventional loans carry the same basic requirements:

• Minimum FICO credit score of 620
• Traditional 5% down payment
• Programs available with as little as 3% down payment

Benefits of a Conventional Loan

• Available for financing the purchase of a wide range of property types
• Higher loan limits than federally insured loan programs
• More flexible payment terms, including both fixed-rate and adjustable loan options
• No PMI required if making a down payment of 20% or more

FHA loans are government-insured mortgage programs designed to help homebuyers qualify more easily. These loans are especially popular among first-time buyers and those with lower credit scores or limited savings.

FHA loans offer flexible qualification guidelines, including lower down payments and more lenient credit requirements compared to conventional loans.

Basic FHA Requirements

• Credit scores starting as low as 580 (3.5% down payment)
• Credit scores 500-579 may qualify with 10% down payment
• Down payments as low as 3.5%
• Seller can contribute up to 6%
• Must occupy the home within 60 days
• Must live in the home for at least one year
• Down payment assistance programs available

Benefits of an FHA Loan

• Flexible credit requirements
• Fixed-rate and adjustable-rate options
• No pre-payment penalties
• Seller can contribute toward closing costs
• Gift funds allowed for down payment
• Available for home repairs and improvements (FHA 203k options)
• Higher debt-to-income ratio allowances

USDA loans are designed to help low-to-moderate income homebuyers purchase a home in eligible rural and suburban areas with little to no down payment. Backed by the U.S. Department of Agriculture, these loans offer flexible qualification requirements and competitive interest rates, making homeownership more accessible and affordable.

Whether you’re a first-time homebuyer or looking for a more affordable financing option, USDA loans can provide significant savings and long-term financial benefits.

Key Benefits of USDA Loans

• No Down Payment — Purchase a home with no down payment required
• Lower Interest Rates — Competitive rates compared to many conventional loans
• Flexible Credit Requirements — Easier qualification for qualified borrowers
• Low Monthly Mortgage Insurance — Reduced overall monthly payments
• Available for First-Time Buyers — Ideal for buyers entering the housing market
• Financing for Rural & Suburban Areas — Expand your homebuying opportunities

USDA Loan Basic Requirements

• Minimum credit score typically around 620
• Property must be located in an eligible USDA area
• Income must meet USDA eligibility limits
• Property must be used as a primary residence

VA loans are designed to help eligible veterans, active-duty service members, and qualified military families achieve homeownership with flexible requirements and significant financial advantages. Backed by the U.S. Department of Veterans Affairs, VA loans offer some of the most affordable mortgage options available today.

These loans are specifically created to honor those who have served by making homeownership more accessible, with lower costs and easier qualification compared to many traditional mortgage programs.

Key Benefits of VA Loans

• No Down Payment Required — Purchase a home with zero down payment
• No Private Mortgage Insurance (PMI) — Save hundreds on monthly payments
• Competitive Interest Rates — Lower rates compared to many conventional loans
• Flexible Credit Requirements — Easier qualification for eligible borrowers
• Limited Closing Costs — Reduced upfront expenses
• Lifetime Benefit — Use your VA loan benefit more than once

VA Loan Eligibility Requirements

• Must be an eligible veteran, active-duty service member, or qualifying spouse
• Meet VA service requirements
• Property must be used as primary residence
• Meet lender credit and income qualifications

VA loans are one of the most powerful home financing options available, offering military families the opportunity to purchase homes with minimal upfront costs and long-term savings.

At Wealthstar Mortgage, our experienced team helps veterans and military families navigate the VA loan process with confidence and ease.

Jumbo loans are designed for homebuyers who need financing that exceeds conventional loan limits. These loans are ideal for purchasing luxury homes, high-value properties, or homes in competitive real estate markets where property prices are above standard loan thresholds.

With flexible financing options and competitive interest rates, jumbo loans allow qualified buyers to secure larger loan amounts while maintaining manageable monthly payments.

Key Benefits of Jumbo Loans

• Finance high-value and luxury properties
• Attractive rates for qualified borrowers
• Fixed-rate and adjustable-rate mortgage options available
• Multiple property options available
• Interest loans as well

Jumbo Loan Requirements

• Strong credit score typically 700+ preferred
• Low debt-to-income ratio
• Stable income and employment history
• Larger cash reserves may be required
• Property appraisal required

Jumbo loans are an excellent solution for buyers seeking premium properties or homes in high-cost areas. These loans provide flexibility and purchasing power for qualified borrowers looking to invest in higher-value real estate.

Reverse mortgages in the state of Texas are designed to help homeowners aged 62 or older convert a portion of their home equity into cash, either as a lump sum, monthly payments, or a line of credit. This option allows seniors to access the value of their home without having to sell or move, providing greater financial flexibility during retirement.

Insured by the Federal Housing Administration (FHA) and backed by the U.S. Department of Housing and Urban Development (HUD), reverse mortgages offer a secure and reliable solution for eligible homeowners seeking additional income while continuing to live in their homes.

Key Features of a Reverse Mortgage

• Available to homeowners aged 62 or older
• Insured by the FHA and backed by HUD for added protection
• Convert home equity into lump sum, monthly payments, or line of credit
• Option to purchase a new home using reverse mortgage financing
• No required monthly mortgage payments
• Borrowers must maintain property taxes, insurance, and home maintenance
• Income, asset, and liability verification required
• Home must remain as primary residence
• Loan balance increases over time as equity is used

The reverse mortgage loan becomes due when the homeowner sells the home, moves out permanently, or passes away. At that time, the loan balance, including accrued interest and mortgage insurance, is repaid from the home’s value.

Any remaining equity after the loan is paid off is distributed to the homeowner’s designated heirs, according to the terms of the mortgage.

Benefits of a Reverse Mortgage

• Tax-free proceeds in most cases (consult your tax advisor)
• Continue living in your home while accessing your equity
• No monthly mortgage payments required
• Flexible payment options available
• Social Security and Medicare benefits typically unaffected
• Increased retirement financial flexibility
• Maintain ownership of your home

Reverse mortgages can be a powerful financial tool for seniors looking to improve cash flow, cover expenses, or enhance their retirement lifestyle without selling their home.

The Foreign National Loan Program is designed to help non-U.S. citizens purchase or refinance property in the United States. This specialized mortgage solution provides flexible qualification guidelines for international buyers who may not have U.S. credit history, making homeownership and real estate investment more accessible.

Unlike conventional or government-backed loans, Foreign National Mortgage Loans are tailored specifically for international borrowers, offering competitive rates and flexible financing options to meet the unique needs of foreign investors and homebuyers.

Key Features of Foreign National Mortgage Loans

  • Minimum loan amount of $100,000 and maximum up to $750,000
    • Financing available up to 75% of the property’s market value
    • Competitive interest rates available
    • Fixed-rate loan options: 10, 15, 20, 25, and 30 years
    • Adjustable-rate mortgage options: 5/1, 7/1, and 10/1 ARM
    • Debt-to-income ratios up to 50%
    • Asset-based income qualification available
    • Seller concessions allowed (up to 6% depending on LTV)
    • Taxes and insurance escrow accounts required
    • No prepayment penalties
    • All loans manually underwritten for flexible evaluation

These flexible guidelines make Foreign National Loans an excellent option for international buyers seeking financing in the U.S. real estate market.

Benefits of Foreign National Mortgage Loans

  • Purchase or refinance property in the United States
    • Available for non-U.S. citizens and foreign investors
    • Financing available for multiple property types
    • Ideal for self-employed international borrowers
    • No U.S. credit history required in many cases
    • Flexible qualification requirements
    • Access to U.S. real estate investment opportunities

Foreign National Mortgage Loans can be used to finance various property types, including:

  • Single-family homes
    • Condominiums
    • Townhomes
    • Investment properties

At Wealthstar Mortgage, we help international buyers navigate the mortgage process and find the right financing solution tailored to their needs. Our team provides personalized guidance to help foreign nationals invest confidently in U.S. real estate.

Get Pre-Approved