Derek Huit · NMLS #203980 · Cardinal Financial
Loan Programs
The right loan depends on your goals, your timeline, and your financial picture. Here's an overview of the programs Derek works with every day — he'll help you find the fit.
Licensed in: AK · FL · GA · IL · IN · MI · MT · OK · TX · WA
Purchase loan programs
Program availability and terms depend on your credit, income, property, and other factors. Derek will confirm which programs you qualify for.
VA Home Loans
For eligible veterans, active-duty service members, and surviving spouses. VA loans are a benefit earned through military service — Derek regularly helps military families buy and refinance in Alaska and beyond.
FHA Loans
Backed by the Federal Housing Administration. A flexible option for first-time buyers and borrowers with limited savings or past credit challenges.
Conventional Loans
Not government-backed, with competitive terms for well-qualified buyers — including options with low down payment requirements.
Jumbo Loans
For loan amounts above conforming limits. Derek structures jumbo financing around your full financial picture, from application through closing.
Down payment assistance
Need help with the down payment? Cardinal offers a national down payment assistance program with no income limit.
Repayable second lien — 3.5% or 5%
The program provides 3.5% or 5% of the purchase price as a repayable second lien — it is paid back over time, and it is not a grant, gift, or free money. There is no income limit. Availability depends on the loan program and your qualifications; Derek will walk you through exactly how repayment works before you commit.
Program questions
Which loan program is right for me?
It depends on your service history, credit profile, savings, and the property you're buying. The fastest path is a short conversation — Derek will compare your real options side by side.
Is down payment assistance really free money?
No. Cardinal's down payment assistance program provides 3.5% or 5% as a repayable second lien — it must be repaid. It is not a grant or gift. Derek will explain the repayment terms clearly before you decide.
Can I use these programs outside Alaska?
Derek Huit, NMLS #203980, is licensed in Alaska, Florida, Georgia, Illinois, Indiana, Michigan, Montana, Oklahoma, Texas, and Washington, and can originate loans for properties in those states.
Do you quote rates on this site?
No. Rates depend on the market, your credit profile, and your loan details — any number shown here would be misleading. Talk to Derek for current options based on your situation.
Find the program that fits
Start your application online, or reach out — Derek will map your options in plain language.
Start My ApplicationSoft credit pull. Real pre-approval. No obligation.