OUR LOAN PROGRAMS
FHA Home Loans
• 3.5% Down 580 minimum FICO Score
• 75% Max Cash Out Refinance
• Streamline Refinance
• Up to 6% Seller Contributions and Gift Funds Allowed
• County Mortgage Limit
• Mortgage Insurance Required
VA Home Loans
• 100% Financing Purchase or Refinance
• 580 Minimum FICO Score
• Max Conforming Loan Amount $647,200
• VA IRRRL Refinance
• Max Jumbo Loan Amount $1.0MM
• 90% LTV on Jumbo Refinance
• DD214 Form/Certificate of Eligibility
USDA Home Loans
The US Department of Agriculture USDA provides low down payment options to qualified borrowers, at very low interest rates, and with very low mortgage insurance premiums. If you are buying a home in an Rural Development -eligible area, and meet the program requirements, this loan is perfect for you.
• Rural areas only
• 100% Financing
• 620 FICO Score
• No Reserves Required
• Seller Credits Allowed
• Funding fee 1% plus .35% Monthly Fee
• Income Eligibility Requirements
• Purchase or Refinance
Reverse Mortgages
A Reverse Mortgage is a loan for those age 62 and older that allows homeowners to convert their home’s equity into cash with no monthly mortgage payments. Borrowers are responsible to pay property taxes, homeowner’s insurance and any homeowners association fees. Once the last surviving owner passes away, the heirs will have a 12 month period to repay the balance of the reverse mortgage with options including the sale of the home to pay off the outstanding balance. All remaining equity is inherited by the estate. The estate is not personally liable if the home sells for less than the balance of the reverse mortgage.
• Primary Home Only
• Payout Options
• No Monthly Mortgage Payments
• Maintain Home Ownership
• Loan calculation will be based on the age of the youngest applicant
• Purchase or Refinance
• HECM Counseling Required
Conventional Loans
Conventional loans are the most common and widely available mortgage option for credit worthy borrowers with a higher down payment in mind.
• 3% & 5% Minimum Down Payment
• Conforming Loan Amounts for 1 unit up to $647,200
• 620 Minimum Fico Score
• FNMA RefiNow Program up to 97% Loan to Value
• No Mortgage Insurance Options
• 3% Seller Contributions and Gift Funds Allowed
• High Balance Loan Amounts up to $710,700
Home Ready, Home Possible and Home One lending options with income requirements available.
Alternative Lending
This program offers borrowers with credit issues and income challenges the opportunity to own a home or investment property.
• 12 or 24 Month Bank Statement for Self-Employed 660 Min Fico Score
• Asset Utilization 700 Min Fico Score
• Mixed Used Properties
• Foreign National Loans
• Multifamily Properties
• Commercial Real Estate Properties
• Investor Cash Flow 660 Min Fico Score
• Fixed, Adjustible and Interest Only Options
Private Lending
Hard money lending, also known as equity based lending, is a viable lending option for investors looking to purchase or refinance a commercial property with a minimum 30% down payment.
• 12, 24 or 36 Months
• Interest Only
• 65% Max LTV
• Purchase or Refinance
• Fix & Flip
• Fast Cash, Short-Term and Bridge Loans
• Residential and Commercial Properties
• Construction Loans
