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Our products
FHA Insured Loans
One of the easiest home loans to qualify for
  • As little as 3.5% down
  • FICO® Scores as low as 580 may qualify
  • Lower interest rates
Conventional Loans
Offer more flexibility and are often less expensive
  • Available with fixed or adjustable rates
  • 620+ credit scores
  • Allows a more expensive home purchase
VA Loans
Excellent financing options for military personnel and their families
  • No down payment required
  • 580+ credit scores
  • No Private Mortgage Insurance (PMI) required
Cash-Out Refinance
Use the equity you’ve built up in your home for other expenses
  • Make home improvements
  • Pay off credit card and student loan debt
  • Use the cash for anything you choose
203(k) Loans
Purchase a fixer-upper or make upgrades to your existing home
  • Pay with one monthly mortgage payment
  • Go as high as 110% of the after-improved value
  • FHA Full 203(k), FHA Streamline 203(k), and Fannie Mae’s HomeStyle available
Jumbo
Finance a property that’s too expensive for a Conventional loan
  • As little as 10% down payment for purchase
  • Loan amounts between $453,101 and $2.5 million
  • Competitive adjustable and fixed rates available
Unconventional Loans
For borrowers with circumstances that may prevent them from securing a traditional loan
  • Self-employed borrowers may qualify with bank statements or 1099s
  • Loan amounts between $100k and $2 million
  • Lenient credit guidelines (for those with a history of credit issues)
USDA Loans
Ideal loans for properties not located near urban areas, including many suburbs
  • No down payment required
  • Low- and moderate-income households can qualify
  • Low or no Private Mortgage Insurance (PMI) required
HomeReady® and Home Possible®
Programs created for homebuyers with limited income
  • Low down payment
  • Discounted mortgage insurance
  • Great for first-time homebuyers with good credit
RefiNow™ and Refi Possible®
Refinancing programs that offer better rates and more savings for eligible borrowers
  • Reduced rates and lower monthly mortgage payments
  • $500 credit toward an appraisal if one is required
  • Borrowers can roll up to $5,000 in closing costs into their mortgage
Condo/Co-Op/New Construction
For those looking to downsize or enjoy a maintenance-free lifestyle
  • Affordable financing options with lower down payments
  • Extended rate locks to keep your rate safe
  • Condo and co-op expertise and in-house project approvals
Rate and Term
Change the rate and terms of your current loan to more favorable ones
  • Lower rates and better terms
  • Reduced monthly payments, saving hundreds
  • Pay off your principal faster
Higher LTV Refinance
When you need to refinance and have little or no equity in your home
  • Enjoy lower monthly mortgage payments
  • Get a shorter term and start building equity sooner
  • Lower your rate or change from an adjustable to a fixed rate
Bridge Loan
Allows you to use your current home’s equity on a new purchase before you sell
  • Covers the cost of a down payment
  • Make an offer without a sales contingency
  • 8-month term that must be paid in full at end
Our proprietary programs
Win the Bid
Waive the contingencies to help your offer stand out
Rate Locks & Float-Downs
Protect your rate from an increase and get TWO float-downs
Rate Buydown
Reduce your monthly payments for the first one to three years
Guaranteed
On-Time Closing
Make sure you don’t miss your closing date
Affordable Housing
Secure sustainable housing through education and down payment assistance
Down Payment Assistance
Purchase Plus helps low- to moderate-income borrowers become homeowners
Not sure which mortgage is best for you?
Everyone’s situation is different.
Are you a first-time homebuyer looking for a loan with low or no down payment? Or an experienced borrower hoping to get a lower interest rate? Whatever the case may be, we can find a loan that’s right for your individual needs and lifestyle.
At Embrace, our mission is simple — to create the perfect mortgage just for you. We understand that getting a new loan can be daunting, so we’ll walk you through the entire process, step by step. We’ve helped hundreds of thousands of people purchase and refinance their homes since 1983. When you’re ready, we’ll make you feel right at home.
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Frequently asked questions

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 $2 million and $3 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.

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!