The Koehn Mortgage Group
HOME
MEET OUR TEAM
ABOUT US
WHAT WE OFFER
Mortgage Calculators
The Koehn Mortgage Group
HOME
MEET OUR TEAM
ABOUT US
WHAT WE OFFER
Mortgage Calculators
More
  • HOME
  • MEET OUR TEAM
  • ABOUT US
  • WHAT WE OFFER
  • Mortgage Calculators
  • HOME
  • MEET OUR TEAM
  • ABOUT US
  • WHAT WE OFFER
  • Mortgage Calculators

Types of Home Loans

Conventional Financing

The most common path to homeownership, Conventional loans offer competitive rates for borrowers with good credit (typically 680+). With down payment options as low as 3% to 5%, these loans are highly versatile. Additionally, they offer a clear path to lower monthly payments: once you have 20% equity in your home, you can eliminate Private Mortgage Insurance (PMI) entirely.


FHA Financing

Designed with accessibility in mind, FHA loans offer a versatile alternative to conventional financing. They are particularly popular for their low 3.5% down payment requirement and lenient credit guidelines, which can assist borrowers with FICO scores starting at 580. Because these loans are government-backed, they do include mortgage insurance for the life of the loan, providing a secure path to homeownership for a wider range of buyers.


VA Financing

For our veterans and active-duty service members, the VA loan remains one of the most advantageous financing tools available. Because these loans are government-guaranteed, qualifying borrowers can often purchase a home with no down payment and zero monthly mortgage insurance. Combined with lenient credit standards, the VA program provides an incredible path to homeownership for our military community.


USDA Financing

Looking for 100% financing? A USDA loan might be the perfect fit. Backed by the federal government, these loans help moderate-income families purchase homes in eligible rural areas with no down payment required. While these loans are location-specific, they offer some of the most competitive terms in the market for those moving into Texas's growing rural communities.


Reverse Mortgages

Curious about how your home equity can support your lifestyle? A reverse mortgage can be a powerful tool for homeowners 62 and older to access tax-free funds without a monthly mortgage payment. We specialize in demystifying these loans—focusing on transparency, education, and helping you decide if it’s the right move for your long-term goals. We’ll walk you through everything from counselor requirements to the impact on your heirs, ensuring you have the full picture before moving forward.


Construction Loan Program

With our local connections for construction and renovation lending - we can have you building or completing those new home-like renovations in no time.


Down Payment Assistance

We work with multiple agencies that can offer assistance with down payment and closing costs to offset those first-time homeowner expenses.


Financing Others Can't or Won't Do

We do investment financing and financing on manufactured housing - yes, even single wides!

  • HOME
  • MEET OUR TEAM
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  • WHAT WE OFFER

The Koehn Mortgage Group

1600 Lake Air Dr. Waco TX

Copyright © 2026 The Koehn Mortgage Group - All Rights Reserved.

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