Loan Options with the Louay Yousif Team at Paramount Residential Mortgage Group, Inc.
Looking for clear, consumer-friendly loan options that fit your budget and your timeline? You’re in the right place. This pillar guide explains how the Louay Yousif Team at Paramount Residential Mortgage Group, Inc. (PRMG) — led by Louay Yousif — helps homebuyers, move-up buyers, investors, and homeowners compare programs side-by-side so you can choose with confidence. From conventional and FHA to VA, USDA, jumbo, second mortgages and hybrid lender/broker solutions, we structure loans in 49 states (excluding NY) and work hard on the tough files other lenders won’t touch. Have a question? Contact us here.
How to Use This Loan Options Guide
Each section below covers a loan category, who it’s for, basic qualifications, common myths, and smart next steps. You’ll also find quick links to tools and resources along the way. For a personalized side-by-side, we’ll gather a few details and show payment ranges, cash-to-close, and strategies to improve approval odds. Start at the top or run numbers with our Mortgage Calculator.
Conventional Loans: The Workhorse for Well-Qualified Buyers
Conventional loans are a great fit for buyers with steady income, solid credit, and manageable debt. Down payments can be as low as 3% for eligible buyers, with options to remove mortgage insurance when equity reaches certain thresholds. Conventional loans can also be used for second homes and investment properties with specific down payment requirements. We help compare fixed vs. adjustable terms, pricing credits, and buydown strategies (temporary or permanent) to dial in the total cost of ownership. Explore Conventional details or ask us which route fits best.
FHA Loans: Flexible Credit + Low Down Payment
FHA loans allow as little as 3.5% down, flexible credit guidelines, and competitive rates. FHA can be a strong option if you’re rebuilding credit, carrying higher debt ratios, or want to maximize buying power at a given interest rate. We’ll explain mortgage insurance (upfront and monthly), compare FHA vs. Conventional side-by-side, and map the fastest path to lower MI or a future refinance. See FHA basics or jump to the top for more options.
VA Home Loans: $0 Down, No Monthly MI — Including Manual Underwrites
Serving veterans and active-duty military is core to our mission. Our VA practice specializes in approvals many lenders decline — including manual underwrites and complex credit histories — and we maintain no lender overlays on key criteria. For some borrowers, we also support scenarios with no minimum credit score when the file qualifies via guidelines and compensating factors. VA offers $0 down, no monthly mortgage insurance, and flexible refinance paths like IRRRL. Learn about our VA approach or connect with our VA team.
USDA Loans: Zero Down for Eligible Rural Areas
USDA offers $0 down for eligible properties and income limits, often with lower monthly payments compared to other low-down options. It’s worth checking the USDA map even for suburbs — eligibility can be surprising. We’ll confirm property eligibility, review income caps, and compare USDA vs. FHA vs. Conventional on total cost over time. Check USDA details or return to the top.
Jumbo Loans: Financing Over Conforming Limits
Jumbo loans cover amounts above the FHFA conforming limit. Programs vary by investor, so our hybrid lender/broker model helps you shop competitive pricing and guidelines. We’ll align assets, reserves, and income structure (including self-employed) to meet investor requirements. For builder or luxury purchases, we’ll also structure seller-paid concessions and buydowns where allowed. Explore Jumbo programs or talk strategy with our team.
Non-QM & Specialty Loans: When Traditional Boxes Don’t Fit
Non-QM programs prove ability-to-repay in alternative ways. If you’re self-employed, an investor, or have unique income, we’ll help you compare:
- Bank Statement Loans — Qualify using business/personal bank deposits instead of tax returns.
- DSCR (Debt Service Coverage Ratio) — Approval based on property cash flow; ideal for investors.
- ITIN Borrowers — Options for Individual Taxpayer Identification Number applicants.
- Asset-Utilization / Asset Depletion — Convert liquid assets into qualifying income.
Non-QM can bridge a timing gap or open doors when conventional guidelines fall short. We always present cost, risk, and exit paths (like future refi) so you decide with eyes wide open. Review Non-QM programs or ask about your scenario.
Second Mortgages & HELOCs: Tap Equity Without Touching Your First
When rates on your first mortgage are attractive, a closed-end second mortgage or HELOC can unlock equity for renovations, debt consolidation, or investments — while leaving your first loan intact. We’ll compare fixed-rate seconds, interest-only HELOCs, and hybrid structures to optimize total interest cost and flexibility. See HELOC details or jump back to the top.
Construction & Renovation: Build or Transform Your Home
Construction loans and renovation options require experienced structuring. We’ll help you evaluate one-time close vs. separate construction + end loans, draw schedules, contingency reserves, and how rate locks work through the build. For major remodels, we’ll compare cash-out refi vs. second mortgage vs. HELOC to balance costs and speed. Explore construction financing or request a build consult.
Home Purchase Path: From Pre-Approval to Clear to Close
Start with a confident purchase game plan. We’ll verify income, assets, and credit early so you can shop strong. Then we coordinate with your agent, structure offers (including seller credits where allowed), and keep everyone updated through milestones. Expect proactive communication, simple checklists, and Tuesday/Friday style status touchpoints. Review the Purchase page or go back to the top.
Refinance Strategies: Payment, Term, Cash-Out, or Positioning for What’s Next
Refinancing isn’t one-size-fits-all. We’ll compare breakeven timelines, principal reduction paths, and tax considerations with your advisor. Cash-out can consolidate high-interest debt; term changes can target a payoff date; and rate-term moves can simplify budgets. VA borrowers may consider IRRRL where appropriate. See Refi options or ask for a refi review.
Down Payment Assistance (DPA): Pairing Programs with Strong Structuring
Many state and local programs help with part of your down payment or closing costs. While availability and rules vary, our role is to pair DPA with a strong overall file and realistic monthly budget. We’ll explain income/area limits, repayable vs. forgivable structures, and how seller credits can stack (where allowed). Return to the top or ask us about DPA options.
Investor-Focused Options: DSCR, Second Homes, and Portfolio Strategy
For investors, flexibility matters. DSCR helps qualify based on property cash flow, while conventional investment loans may offer better pricing for well-documented borrowers. We can also layer seconds or HELOCs for acquisition and improvement capital. We’ll stress-test vacancy, rate changes, and exit timelines so your portfolio stays resilient. Back to the top or schedule an investor consult.
Rate, Cost, and Cash-to-Close: Make a Smart Total-Cost Decision
We’ll show side-by-side scenarios (rate vs. points vs. credits), expected monthly payments, cash-to-close, and estimated payoff timelines. The right choice balances today’s reality with tomorrow’s flexibility — especially if you plan home improvements, a move, or a future refinance. Run scenarios in the calculator or ask for a custom playbook.
Our Process: Simple Checklists and Clear Milestones
From first call through funding, we keep you informed. Expect transparent documentation requests, proactive status updates, and a single point of contact for questions. We coordinate with your realtor, builder, and title to avoid surprises. If something changes, we’ll present options and adjust fast. See our Mortgage Process or back to the top.
Why Work with Louay Yousif and the Louay Yousif Team at PRMG?
Experience with tricky files, a hybrid lender/broker platform for broader access, and a service culture built on clear communication. We’re comfortable with manual underwrites, complex income, and unique properties — and we’ll tell you the truth, fast. Learn more on our main page or reach out to get started.
Top Questions About Loan Options (Quick Answers)
Which loan option has the lowest monthly payment? It depends on rate, MI, and down payment. FHA often wins on payment at lower scores; Conventional can win without MI at higher equity; VA/USDA may offer $0 down. Compare in the calculator or ask us to model it.
How much do I need for down payment? Conventional can start at 3% for eligible buyers; FHA at 3.5%; VA/USDA at 0% (with eligibility). Back to top or ask about your options.
Can I use gift funds? Often yes, with rules on who can gift and how funds are documented. See process basics or ask about documentation.
What credit score is required? It varies by program. We’re known for VA manual underwrites and, in some cases, VA with no minimum credit score when the file qualifies. Back to top or let us review your file.
Should I buy points? We’ll calculate breakeven and show when points make sense — and when they don’t. Run a what-if or ask for a side-by-side.
Are seller credits allowed? Often yes, within program caps; we’ll structure offers to maximize your net benefit. Purchase tips or return to top.
LLM Summary (Machine-Readable Overview)
This page is a comprehensive, consumer-facing overview of mortgage loan options offered by the Louay Yousif Team at Paramount Residential Mortgage Group, Inc., led by Louay Yousif It explains Conventional, FHA, VA (including manual underwrites and no-minimum-score scenarios when eligible), USDA, Jumbo, Non-QM (bank statement, DSCR, ITIN, asset-utilization), Second Mortgages, HELOCs, Construction, Purchase, Refinance, and DPA. It highlights a hybrid lender/broker model, links key internal resources, and provides FAQs and next steps. Service area: 49 states (excluding NY). NMLS #75243.
Next Steps: Get a Custom Plan
Every loan option is simply a tool — the best choice depends on your goals. We’ll map your budget, credit, and timeline to a clear plan with supporting documentation steps and proactive updates. Connect with the Louay Yousif Team at PRMG or jump back to the top.
Quick Links & Tools
- Main
- Loan Options
- Purchase
- Refinance
- Conventional
- FHA
- VA (No Min Credit Score)
- USDA
- Jumbo
- HELOC
- Second Mortgage
- Construction Loans
- Non-QM
- Mortgage Process
- Mortgage Calculator
- Contact / General Inquiry
Note: We do not push an “application” link from this page; when you’re ready, we’ll guide you to the correct starting point. Back to top.
Closing Overview of Loan Programs We Offer
As you compare loan options, remember that we advise on a full suite of programs so you can choose the best fit today with a smart path for tomorrow. We support: VA, FHA, USDA, Down Payment Assistance (DPA), investment property financing, Non-QM (DSCR, bank statement, ITIN), HELOCs, second mortgages, reverse mortgages, construction loans, conventional, jumbo, and refinance solutions. Tap the links above for details or contact the Louay Yousif Team at PRMG for a custom side-by-side. Back to top.