An FHA loan is popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. Borrowers credit score can be between 500 – 579 if a 10% down payment is made. Contact us today to get the process started!
A USDA loan is special type of a zero down payment mortgage that eligible homebuyers in rural and suburban areas can get through the USDA Loan Program and they have great interest rates to go with the. Contact us today to get the process started!
The VA loan allows veterans a great loan option by using their VA benefits and come with 0% down payment and no private mortgage insurance (PMI). Interest rates are typically lower than other mortgage programs and the VA will allow higher debt..
The perfect loan for purchasing land and building your dream home all in one loan – before construction even begins! One Time Close Construction loan (OTC) will do it in one loan with 0 – 5% down payment. Contact us today to get the process started!
A conventional loan is a type of mortgage that is not part of a specific government program, like FHA, USDA or VA loan programs. Conventional loans are commonly interchangeable with conforming loans since they are required to conform to Fannie Mae and Freddie Macs underwriting requirements or limits. Contact us today
These mortgage loans allow homeowners with a current VA loan to refinance into a more affordable mortgage. True to its name, this program has little paperwork and typically has no out-of-pocket costs and no appriaisal at the time of closing. VA streamline is also know as an IRRRL. Contact us today to get the process
Bank Statement loans are for eligible self-employed borrowers using 2, 12 or 24 months business or personal bank statements as their qualifying income. This can be used for either purchase or refinance and does NOT require tax returns. Contact us today to get the process started!
If you need cash out of your homes equity to do repairs, consolidate or pay bill’s or just go on a much needed trip you can refinance with many options. If you just want a better rate, term or lower payment we can refinance just for those reasons as well! Contact us today to get the process started!
The 203k loan is great for purchasing or refinancing a property that either needs updating or that you might want to add on additional room(s) for more space. It allows for the purchase or refinance price and includes the renovation or addition to be included in the loan at closing. Contact us today to get the process
Jumbo mortgages, or jumbo loans, are those that exceed the dollar amount loan-servicing limits put in place by GSE’s Freddie Mac and Fannie Mae. This makes them non-conforming loans. They come with options for no mortgage insurance and have slightly higher down payment requirements. Contact us today to get the process
Investor Cash Flow loans allow you to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns. Loans up to $1 million for either purchase or refinance. Purchase or refinance can also be done
An asset depletion loan is a mortgage program that uses the value of the your liquid assets to qualify for the mortgage instead of traditional monthly income. We will use a calculation to determine the total loan amount with the idea of depleting those liquid assets over time to pay for the loan if needed. Contact us
A great program that allows you to get into a home with almost no money out of pocket! We have one of the best DPA programs around that allows credit as low as 580, No First Time Home Buyer Requirement, Non-occupied Co-borrowers are allowed and NO Income Limits.
We have programs for manufactured homes and can even do existing singlewides (doubles and triple wide as well) for FHA and VA, and Fannie Conventional built after 1976, on a permanent foundation and they own the land. With FHA, credit scores as low as 600! We can even do renovation loans and DPA on them as well. USDA financing is available with different guidelines (contact us for details on these).
Mixed use mortgages along with options for Warehouse, Self-Storage, Office, Retail, Automotive, Condotel and more! We have programs for financing up to 30 units and options for Foreign Nationals and even Foreign National with NO credit. We have programs for 10-year interest only, 30 and even 40 year fixed.
Your home equity is a powerful, and often-overlooked retirement asset. Designed specifically for older homeowners (62 in all states and as low as 55 in some states) AND homebuyers, a reverse mortgage can be used to: Refinance existing mortgage(s) to unburden your monthly cash flow, Consolidate debt—such as credit cards, car loans, medical bills, and other loans—to reduce monthly bills, Pay for home remodeling to make your home safer, more comfortable, and better suited to your needs as health issues may require, Establish a steady stream of monthly funds to continue for as long as you live in your home, to supplement your retirement income, Establish a line of credit that cannot be canceled or reduced, so it’ll be there for unexpected expenses or to simply buy a home that better fits your lifestyle.
Second mortgages are available with credit scores down to 620 and even available for investment properties! Consolidate bills, home remodeling or just have an available line of credit. These are available with fixed rate, adjustable rate and even as bridge loans. We can even break up a Jumbo loan to an agency or government loan by adding a simultaneous Piggyback second. AVM's and drive by appraisals are available depending on the loan amount and product, prior appraisal use within 12 months and no title insurance on loans under $250,000.
Attention Investors! Our fix and flip product start out at 80% AIV-LTV, NO prepayment penalty and at either a 12 or 18 month term. There are options for 3 month or 6-month extensions at a cost if needed. A FICO above 620 is preferred but we do/will go down as low as 550. Loan amount must be above $75k and go up to $3MM. Loan amounts below 150k are subject to a additional loan origination fees. Foreign nationals are also allowed but at 65% LTV.
"We have been in our apartment for several years and with another child on the way we really wanted to buy a home of our own. We didn't have much money saved and didn't have great credit so we didn't think we would get approved but they were able to match us with a great loan program and get us into our own home with more room and a monthly payment that was lower than our rent! "