Loan Options

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At Approved Team, we connect homebuyers and homeowners with conventional, FHA, VA, jumbo, and home equity lending solutions designed to meet a variety of financial needs. Conventional loans are ideal for borrowers with strong credit and stable income, offering competitive interest rates and flexible terms. FHA loans, backed by the Federal Housing Administration, provide lower down payment options and more lenient credit requirements, making homeownership more accessible. For eligible veterans and active military members, VA loans offer zero down payment financing, no private mortgage insurance (PMI), and favorable loan terms, ensuring affordable homeownership for those who have served.

For high-value properties, jumbo loans provide financing beyond conventional loan limits, allowing buyers to purchase luxury homes or properties in competitive markets. Homeowners looking to access their property’s equity can benefit from a Home Equity Line of Credit (HELOC), which provides flexible, revolving credit that can be used for home improvements, debt consolidation, or other financial needs. Whether you’re a first-time homebuyer, upgrading to a new home, or refinancing for better terms, Approved Team simplifies the lending process, ensuring you secure the best loan program for your goals with expert guidance every step of the way.

DSCR (Debt Service Coverage Ratio) loans are a game-changer for real estate investors looking to streamline their financing. Unlike traditional loans that rely on personal income verification, DSCR loans are based solely on the cash flow generated by the property. This makes them ideal for investors with multiple properties or those with complex financial situations. By eliminating the need for tax returns or pay stubs, these loans simplify the approval process, saving time and effort. 

DSCR loans are highly flexible, supporting both residential (1-4 units) and commercial properties, and are tailored for income-producing investments. With a focus on the property’s performance rather than the borrower’s personal financials, these loans provide an efficient pathway for building and expanding real estate portfolios.

Bank statement loans offer unique advantages for self-employed individuals, freelancers, and business owners by simplifying the path to financing. Unlike traditional loans that require tax returns or W-2s, these loans allow borrowers to qualify based on actual cash flow, verified through 12 to 24 months of bank statements. This flexibility is ideal for those with irregular income, multiple income streams, or significant business deductions that may reduce taxable income.

These loans are highly versatile, supporting primary residences, second homes, and investment properties, with both fixed and adjustable-rate options available. Borrowers can secure competitive loan amounts and terms while benefiting from a streamlined approval process that eliminates many of the traditional barriers to financing. With bank statement loans, individuals who might not meet conventional lending requirements can access the funding they need to achieve their homeownership or investment goals.

Fix-and-flip loans are specifically designed to help real estate investors acquire and renovate properties with the goal of selling them for a profit. These short-term loans offer quick approval and funding, allowing investors to act fast in competitive markets. The primary focus is on the property’s potential value after repairs (the after-repair value, or ARV), making them an excellent option for projects that require substantial upgrades.

One of the biggest benefits of fix-and-flip loans is their flexibility. They can cover not only the purchase price but also a portion of the renovation costs, minimizing upfront out-of-pocket expenses. With terms tailored to short timelines, these loans help investors complete projects efficiently and maximize returns. Fix-and-flip loans typically require less personal financial documentation, focusing instead on the property’s profitability, making them accessible even to newer investors.

For experienced and first-time flippers alike, these loans offer competitive leverage, fast closing, and the ability to scale real estate investment strategies. Fix-and-flip financing is a powerful tool for turning undervalued properties into lucrative opportunities.

Commercial financing is a versatile solution designed to meet the needs of businesses and investors seeking to acquire, refinance, or develop income-producing properties. One of the key benefits is its flexibility, offering funding for a wide range of asset types, including office buildings, retail centers, industrial facilities, multifamily properties, and mixed-use developments. These loans can be structured to suit various business goals, with options for fixed or adjustable rates, long or short terms, and customized repayment schedules.

Commercial financing prioritizes the income potential of the property, often focusing on metrics like debt service coverage ratio (DSCR) or net operating income (NOI), rather than solely relying on the borrower’s personal financials. This makes it an attractive option for investors or businesses with established cash flow or strong property performance.

Another significant advantage is the ability to secure large loan amounts, often with competitive rates and terms. Borrowers also benefit from options such as interest-only periods or non-recourse structures, which provide added flexibility and risk mitigation. With the ability to fund acquisitions, refinances, renovations, or new construction, commercial financing is a vital tool for businesses and investors looking to expand their operations, grow portfolios, and maximize returns.