Conventional Loan
- Lower fixed rate of interest
- Higher down payment - build equity faster
- May need Private Mortgage Insurance (PMI)
Phoenix Mortgage Lender
Personalized Service for your Home Loan
Buying a house is an exciting adventure, and we want to help you navigate your mortgage loan options so you get the right type of home loan with the best terms.
I'm Jimmy Vercellino, an experienced mortgage originator with Phoenix lender Luminate Bank. My team and I work hard to provide a timely, efficient and excellent home loan process for you. We serve families nationwide.
Types of Loans
The right loan depends on your life – not the other way around.
Every option below has trade-offs. We'll walk you through them plainly, so you can choose with confidence.
Federal Housing Administration (FHA) Loan
- Friendlier to first time homebuyers
- Low down payment of 3.5%
- May qualify even with bad credit, bankruptcy or foreclosure
VA Loan
- For active or past military members
- No down payment or PMI
- Lower credit score requirements
Construction to Permanent (C2P) Loan
- Finance the construction of a home
- Lock in your interest rate
- One closing and one set of fees
Jumbo Loan
- For larger loan amounts than conforming loan limits
- Riskier, need minimum credit score of 700
- Higher interest rate, stricter terms
Not sure which fits?
Tell us what matters to you and we'll match you to the right loan — it's a 15-minute conversation, no pressure.
Ask usMeet
Jimmy Vercellino
Serving Families Nationwide with Custom-Tailored Mortgage Solutions
Obtaining a mortgage is often one of the largest debts you and I will acquire in a lifetime.
Because my team and I will be responsible for helping you create this debt, we want to learn what is most important to you. This will enable us to provide the custom-tailored mortgage solution you deserve.
Latest News
From our Blog
Can You Build a House With Your VA Loan?
Can you build a house with a VA loan? A Marine veteran lender walks through the one-time-close VA construction-to-permanent loan, step by step, and the 3 big mistakes to avoid.
I Owe You an Apology. Let's Talk About HELOCs.
Locked into a low COVID-era rate? A Phoenix lender explains how a HELOC lets you access home equity without refinancing your first mortgage, and when it makes sense.
I'm Happy the Fed Hiked Rates. Yes, You Read That Right.
The Fed raised rates to 3.75%–4.00%. A Phoenix lender explains why that's not your mortgage rate, and how beating inflation could bring mortgage rates down.
Cash or Mortgage? That Is the Question.
Should you pay cash for a home or finance it? A Phoenix lender walks through the real case for both, the one question that settles it, and the delayed financing exception.
Americans Are Voting With... U-Haul Trucks?
Where are Americans moving? U-Haul migration data reveals the top states gaining and losing residents as affordability, housing costs, taxes, and quality of life drive relocation trends.
Housing "looks" terrible. You should buy a house.
Inflation is up, rates are in the mid-6s, and inventory is climbing. Despite the noise, this may be the best buyer's market in years. Discover why the window is open now — and how to take advantage of it.
Frequently Asked Questions
For most mortgage borrowers, there are three major loan types: conventional, FHA and VA. Which one you choose depends upon your down payment, credit record, military service and other factors. We can help you determine which is the best option for you.
A track record you can verify
2026 Scotsman Guide Top Originator
James Vercellino was listed among Scotsman Guide's 2026 Top Originators.