A Complete Guide to the Traditional Loan Options Offered by Trace David Team
When it comes to getting a mortgage, one size never fits all — and that’s exactly why Trace David Team stands out. As one of the largest mortgage brokerages in the country, we shop over 270 lenders to deliver the most competitive rates and the best-fit loan for every unique situation. Whether you're a first-time homebuyer, seasoned investor, or planning new construction, here’s a high-level overview of the wide array of loan programs we offer.
🏡 Traditional Home Loans
These are the most common options for everyday buyers and homeowners:
Conventional (Conforming) – Fixed and adjustable-rate options for borrowers with strong credit and steady income.
FHA Loans – Ideal for first-time buyers or those with lower credit scores (as low as 500 with strong compensating factors).
VA Loans – Exclusive to veterans and active-duty military; offers 0% down, no PMI, and competitive rates.
USDA Loans – For rural and suburban properties, offering 100% financing for eligible buyers.
203K – A rehab loan allowing you to finance home purchase plus renovations in one package.
Down Payment Assistance (DPA) – Programs that reduce upfront costs for qualifying borrowers.
One-Time Close (OTC) - A new construction loan designed to save on closing costs by only needing one closing.
Bank Statement Loans - Great for self-employed borrowers who don't show traditional income on tax returns
Bridge Loans - Simply put: Buy Before You Sell
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Trace David, Mortgage Loan Originator NMLS# 2571377, LA, United States.
Nexa Lending NMLS# 1660690
Corporate Address: 3100 W Ray Rd Ste 201 Office #209, Chandler, AZ 85226
Trace David Team is not affiliated with any government agency, including the VA, FHA, or the HUD. Equal Housing Lender.