Fresno Home Loan Options
Explore Fresno mortgage options, from FHA and VA loans to revere mortgages and more.
FHA Loans
FHA financing remains a strong fit for many Fresno buyers, particularly first-time homebuyers who want a lower down payment. Borrowers with a credit score of 580 or higher can qualify for 3.5% down, and Fresno County’s FHA loan limit for a single-family home currently falls well below the ceilings set for coastal metros like Los Angeles, which makes Fresno’s price point especially workable for FHA buyers. Loan limits adjust annually, so check HUD.gov for the current figure before you shop.
VA Loans
Fresno’s Central Valley location and proximity to several military communities mean VA loans come up often for local veterans and active-duty buyers. The VA itself doesn’t set an official minimum credit score, though lenders commonly apply their own overlay, often around 580, and Tyler will walk you through how that applies to your file.
Conventional Loans
Conventional financing typically starts at a 620 credit score and gives Fresno buyers flexibility on property type and down payment structure, especially for those who already have some equity or a larger down payment saved.
Bank Statement Loans
Fresno’s agricultural economy and growing base of small business owners mean plenty of buyers have strong income that doesn’t show up cleanly on a W-2, and a bank statement loan, which requires a minimum credit score of 640, qualifies borrowers using bank deposits instead of tax returns.
DSCR Loans
Investors buying rental property in Fresno’s neighborhoods can qualify using the property’s own rental income through a DSCR loan, typically available to borrowers with 640+ credit scores, rather than their personal income.
USDA Loans
Several communities just outside Fresno’s city limits sit in USDA-eligible areas, which allow qualifying buyers to purchase with no down payment at all.
Reverse Mortgages
Fresno homeowners aged 62 and older who want to convert home equity into cash without taking on a monthly payment can explore a HECM reverse mortgage through Tyler’s dedicated Fresno reverse mortgage page, which walks through eligibility, counseling requirements, and how payout estimates work in more detail.
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Get a quoteDown Payment Assistance in Fresno
California buyers can pair a first mortgage with the state’s MyHome Assistance Program through CalHFA, which provides a deferred-payment junior loan to help cover the down payment or closing costs. Credit score minimums and county income limits vary by program and change periodically, so Tyler confirms current eligibility directly with CalHFA before recommending it as part of your loan structure.
Qualification Requirements
Every loan program comes with its own credit, income, and documentation requirements, and Tyler builds his recommendation around your actual financial picture rather than a one-size-fits-all approach.
The Fresno Home Loan Process
- Consultation. Tyler reviews your goals, timeline, and financial picture.
- Pre-approval. Know your buying power before you start touring Fresno homes.
- Lender comparison. Tyler shops your loan across multiple lenders to find your best terms.
- Application. Submit documentation through the secure online portal.
- Underwriting. Tyler keeps you updated at every stage of the process.
- Closing. Sign your documents and get the keys to your new home.
You can start your application anytime through the online application portal, or run the numbers first using the mortgage payment calculator.
Get Started With a Fresno Mortgage Broker
Tyler has spent over a decade financing homes across multiple states, and he applies that same broker-first approach to Central Valley buyers: shopping your loan across lenders instead of representing just one, and giving you honest, direct answers instead of a sales pitch. Fresno buyers who want a personalized, transparent lending experience can reach him directly at (623) 806-4645 or tarnaiz@arnaizmortgage.com.
