If there is a mortgage product available in the market place, we probably offer it. More importantly, we know how to get most loans funded, regardless of our borrowers current or past financial or credit history.
This is how we custom tailor solutions to meet each borrowers unique scenarios.
Alternative Loan Programs
These programs are for borrowers who don't quite fall within conventional lending guidelines and need more underwriting flexibilty. The minimum credit score is 500 and business or personal bank statements can be used for income documention in lieu of federal tax returns, w2's or pay stubs. A no income documentation program is available as well. They are available for most property types. They are available for purchase or refinance. They are available for primary residences, second homes or investment properties.
Loan Amounts from $100,000 - $15,000,000
Private Loan Programs
These programs are best for borrowers who may have some difficulty documenting income and/or may have some credit issues. Or, they are investment property owners/investors who buy and hold or buy and flip. No income documenation is available in many instances. Rates and fees on these loans are higher than any other mortgage we offer. There is no minimum credit score required since the loans are primarly equity based. They are available for most property types. They are available for primary residences, investment properties and 2nd homes. They are available for purchase or refinance.
Loan Amounts from $100,000 - $15,000,000
VA Loan Programs
VA loans are only available for active military or qualified veterans with VA loan eligibilty. They are an excellent loan for those who qualify since they allow up to 100% financing and credit scores as low as 500. They are only available for primary residences. They are available for most property types.
Loan Amounts -- please contact us -- based upon a few factors
USDA Loan Programs
The USDA guarantees loans on property locations they define as rural. If the property falls within the eligible area a borrower can borrow up to 100% of the sales price plus some closing costs. The property must be a primary residence. The minimum credit score is typically 640. They are available for most property types. There are restrictions to limit eligibilty to median household incomes based upon area statistical data.
Loan Amounts -- please contact us -- typically based upon gross household income.
Conventional Loan Programs
These programs are considered traditional loan programs and offer the lowest rates and fees. They do require full income documentation, meaning verification of income via federal tax returns, pay statements including w2's, pay stubs and/or 1099's. Most property types are acceptable providing there are no more than 4 units. Occupancy types can be primary, second home or investment. Financing up to 97% of the sales price or up to 95% for a refinance. Mininum credit score required is 620.
Loan Amounts from $100,000 - $726,525 (high-cost areas)
Jumbo Loan Programs
Jumbo Loans are fairly similar to conventional loans in terms of how they are underwritten. The main difference is they are for loan amounts greater than what the conventional high-cost loan amounts are in a given area. The minimum credit score is 620 and they are available for purchase or refinance. They are available for most property types providing there are not more than 4 units. The maximum loan-to-value is 95% and is lower as the loan amounts go up. Traditional income documentation is required, which includes verification of income via federal tax returns and pay documentation including w2's, pay stubs and/or 1099's.
Loan Amounts -- please contact us
FHA Loan Programs
Most people associate 1st time homebuyers to FHA financing, but that is not entirely accurate. FHA programs provide great financing for borrowers up to 96.50% of the sales price or appraised value. It is available for purchase or refinances and most property types are acceptable, providing there are not more than 4 units. The minimum credit score is 500 and FHA allows a higher debt ratio than most programs. The property must be a primary residence.
Loan Amounts -- $100,000 - $726,525 (high-cost areas)