Loan Options

Which Mortgage is Right for You?
Whether you’re purchasing a new home, refinancing for a better rate, or using your home equity, Purpose Funding is here to help. We offer personalized mortgage solutions to match your goals, lifestyle, and budget. Our expert loan advisors will walk you through every step—so you can make informed, confident decisions about your home loan.

See My Options

Refinance

Homeowners can replace their current home loan with a new one through a mortgage refinance, usually in order to obtain a lower interest rate, lower monthly payments, or access home equity.

Refinance

Mortgage refinancing may lower your monthly payments.

Cash Out Refinance

Turn home equity into cash you can use.

VA Refinance

Lower your VA loan rate or get cash out.

FHA Refinance

Refinance with flexible FHA loan terms.

Reverse Mortgage

Stay in your home and access your home equity – no payments required.

Home Equity Line of Credit (HELOC)

Access your home equity without touching your current mortgage.

Purchase

A mortgage purchase loan helps homebuyers finance the purchase of a new home by providing the funds needed to complete the transaction with manageable monthly payments.

Fixed Rate Mortgage

Your interest rate and monthly payment stay consistent.

FHA Loan

Low down payments and flexible loan qualifications.

VA Loan

Flexible mortgage options for active duty service members and veterans.

Jumbo Loan

Purchase and finance high-value homes with ease.

Investment Property

Expand your investment portfolio with an investment home purchase.

First Time Home Buyer

Affordable financing for first-time buyers.

Bank Statement Loan

Qualify with personal or business bank statements.

DSCR Home Loan

Qualify based on rental income, not personal income.

Buydown Purchase

Lower your interest rate temporarily upfront.

Adjustable Rate Mortgage (ARM)

Flexible options for unique borrower circumstances.

Non-QM Loan (Non-Qualified Mortgage)

Flexible options for unique borrower circumstances.

Low/No Down Payment Purchase Loans

Buy a home with little to no down payment.