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Our home loans are as

individual as the people they serve.

Find the right types of mortgage loans for your needs and goals

Everyone’s situation is different. Are you a first-time homebuyer looking for a Conventional loan? Or an experienced borrower hoping to get a lower interest rate? Maybe you’d like to switch from an adjustable-rate mortgage to a fixed-rate mortgage. Whatever the case may be, we can find a loan that’s right for your specific needs and lifestyle.

At Embrace Home Loans, our mission is simple — to create the perfect mortgage loan just for you. We’ve helped hundreds of thousands of people purchase and refinance their homes since 1983.

We offer a wide range of loan types, including FHA, Conventional, VA, USDA, Jumbo, renovation and construction loans, along with many proprietary programs that can make the mortgage process easier and more convenient. When you’re ready, we’ll find the home loan that fits you to a T.

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Approved to Move™

When you find the house of your dreams, you want to be ready. With Approved to Move™, you can have a fully underwritten approval before you find a home. Approved to Move™ is virtually as good as a cash offer, which helps you stand out from other potential buyers, and sellers love it. Learn more about Approved to Move™

Frequently asked questions

What Are the Most Common Types of Home Loans?

The most common types of mortgages are Conventional loans and FHA loans. Understanding your options and the requirements for each mortgage can help you figure out which one is right for you. Because there are many different types of loans, every borrower should choose the mortgage and the lender that’s best for their specific needs.

Conventional
Many homebuyers prefer a Conventional loan with a fixed rate because the costs accompanying the loan are usually lower and you can often purchase a more expensive home. But because this type of mortgage is not backed by the government, they’re sometimes harder to qualify for than other loans. If you have a solid credit score, a Conventional mortgage may be a great mortgage option.

FHA
FHA loans are backed by the government so they’re one of the easiest types of mortgages to qualify for. At Embrace, we accept FICO® scores of 580 and above, along with down payments as low as 3.5%. On top of that, the down payment and closing costs can often be covered with gift funds. An FHA loan can be ideal for first-time homebuyers or borrowers who have challenging credit.

USDA
For homes in an area designated as rural by the U.S. Department of Agriculture, a USDA loan is often the way to go. And believe it or not, many suburban neighborhoods qualify as rural. With our USDA loans, you can enjoy zero down payment, below-market mortgage rates, and no private mortgage insurance.

VA
Veterans and those in the military love our VA loans. A VA loan is easier to qualify for than other types of mortgage loans, and it requires little or no down payment. Because VA loans are backed by the Federal Government through the U.S. Department of Veterans Affairs (VA), they also have better interest rates than traditional mortgages.

Jumbo
A Jumbo loan is used to finance a property that’s too costly for a Conventional conforming loan. Our Jumbo mortgages are simpler than many others, and they’re usually easier to qualify for. We offer as little as 10% and 20% down payment for loans up to $1.5 million and $2.5 million, respectively. We also offer Jumbo options for borrowers with credit scores below 740.

Sometimes buying a home that fits your needs, budget, and lifestyle can be a challenge, especially in an environment with low interest rates and high demand. Luckily, we can help with that. Embrace has several exclusive mortgage loan programs that make buying a home more convenient and doable.

Approved to Move™
When you find the house of your dreams, you want to be ready. With Approved to Move™, you get a fully underwritten approval before you find a home. Sellers love Approved to Move™ because it’s virtually as good as a cash offer, which helps you stand out from other potential buyers.

Guaranteed On-Time Closing (GOTC)
Whether it’s your first home purchase or your tenth, no one wants to miss their closing. With our Guaranteed On-Time Closing (GOTC) program, we’re so confident that we’ll meet the date, we put money on it. $2,500 to be exact.

Extended Rate Lock
Interest rates are always on the move and even a small change can have consequences. Our Extended Rate Lock program gets rid of those worries. We can lock your mortgage rate for up to 9 months, allowing you to buy or build a home with confidence.

Programs for homebuyers with limited income
Having a limited income shouldn’t stop you from getting a mortgage loan to purchase a home. That’s why we offer Fannie Mae’s HomeReady® and Freddie Mac’s Home Possible®. With these programs, your FICO® Score can be as low as 620 and you can put down as little as 3% — and many types of down payment sources, such as gift funds, are acceptable.

Thinking about making some changes to your home? We can help make it happen. We offer two types of 203(k) loans, the FHA Full 203(k) and the FHA Limited 203(k), along with Fannie Mae’s HomeStyle renovation loan. Instead of managing two different loans, you can finance the expense of home repairs or a remodel with one mortgage refinance. And this way, you can take advantage of a low interest rate, too.

There are a number of good reasons to refinance your mortgage loan, especially when interest rates are low — and it’s not as complicated as it sounds. We offer several refinance loans, such as our cash-out refinance, debt consolidation refinance, and rate-and-term refinance, along with others.

Want lower monthly payments or a shorter loan term? Play with our refinance calculator to discover how a refinance loan might benefit you.

How can I find out if I qualify for a mortgage loan?

We’ve made it simple. If you’re not sure whether you qualify or you’re wondering how much loan you can afford, the first step is to get pre-qualified.

Embrace is the first mortgage lender to offer pre-qualification through text. Now, you can get pre-qualified in minutes right from your phone. Text PREQUALME to 22722. There’s no obligation, no cost, and no impact to your credit score.

Learn more about the mortgage loan process here.

How is my monthly payment calculated?

To calculate your monthly payment, we use your loan type, home price, interest rate, and loan term. Use our mortgage calculator to estimate your monthly mortgage payment. It will show different examples of what your loan size and monthly payment might be.

What documents do I need to provide to apply for a mortgage loan?

When applying for a home loan, you’ll need to provide documentation for income verification, credit verification, and financial history. The following docs will be required:

  • W-2 and tax return
  • Proof of income, such as pay stubs
  • Driver's license or ID
  • Credit report
  • Bank statements of assets, including gift funds
  • Rental history

Get started on your 15-minute loan application today!

"He was there when ever I needed to talk to him and ask questions he is just a great person." - Carlton, NC
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30-Year Fixed-Rate Refinance Mortgage Example:
The payment on a $225,000 30-year fixed-rate cash out refinance loan at 3.250% with a 70% loan-to-value (LTV) is $979.21 with 2 points due at closing. The Annual Percentage Rate (APR) is 3.520%. This assumes a FICO score of at least 690. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score, and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.

30-Year Fixed-Rate Purchase Mortgage Example:
The payment on a $225,000 30-year fixed-rate purchase loan at 3.125% with a 70% loan-to-value (LTV) is $963.84 with 2 points due at closing. The Annual Percentage Rate (APR) is 3.390%. This assumes a FICO score of at least 710. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score, and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.