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Residential Loan Programs -

  Residential Loan Programs -

Ad id: 210161233592534
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Residential Mortgage Programs

1.10% Down Jumbo Loans up to $3 Million (The Big and Easy – A true jumbo loan that is easy to close!!):

A.FICO as low as 700
B.Down payments as low 10% with no PMI
C.Fixed rate and arm options are available
D.Both primary and secondary homes eligible
E.Great rates and close fast

2.20% Down One Day Out of Foreclosure and Bankruptcy (Non-Prime Program):

A.Credit scores starting at 500
B.Up to 80%, up to 50% DTI
C.Bank statement program for self-employed borrowers
D.Loans up to $1 Million
E.Owner-occupied and 2nd homes
F.Non-warrantable condominiums
G.30 year fixed no pre-pay penalty

3.25% Down Foreign National Loans:

A.Non-US Credit Accepted
B.CPA or Employer Letter for Income Verification
C.Up to 75% LTV
D.US Bank Account Required
E.Up to 50% DTI
F.Minimum Loan Amount 65K
G.Single family, Townhouses, Condominiums, 2-4 Units
H.The Rates and Terms are Different Below 65K Loans
I.Loans up to $750,000
J.Current Visa Required
K.Second Homes and Investment Properties

4.Investment Property Loans 80% LTV 560:

A.Up to 80% LTV, Up to 50% DTI
B.Bank statement program for self-employed borrowers
C.Loans up to $750,000
D.Single family, townhouses, condominiums, 2-4 units
E.Maximum 20 properties financed
F.Properties in LLC

5.USDA 102% Purchase with 620 Score:

A.No down payments
B.No limits on gift funds
C.Credit score as low as 620
D.No score product available
E.Closing cost can be financed
F.Reserves not required
G.USDA 102% Purchase Money Program is based on the appraised value if higher than the purchase price.
H.Suburban, urban and rural properties financed.
I.Single Family Residence (SFR), Condo’s, Townhomes, Manufactured Homes and HUD’s eligible.
J.Great programs for First Time Home Buyers.
K.PITI often lower than FHA loan 2% Upfront.
L.Guarantee fee and 4% Annual Fee.

6.FHA: 5% Down
A.570+ Credit Score
B.No Valuation Required
C.Mortgage Only Credit Report with Scores
D.No Qualifying Ratios / Residual Income Required
E.Only 6 Months of Payments Required on Current Loan
F.Up to 4 Units, Condo\\\'s, Manufactured Homes (Double wide or Larger) and Modular Homes Refinance
G.530+ Credit Score
H.Rate / Term
I.Cash Out

10% Down
A.No Score / Alternate Credit Allowed
B.530+ Credit Score
C.Up to 4 Units, Condo\\\'s, Manufactured Homes (Double wide or Larger) and
Modular Homes
E.FHA 1X Close (Manufactured, Modular, and traditional SFR Home Product)

203k Purchase & Refinance
A.530+ Credit Score
B.Offer Both Streamline & Full K Products
C.Up to 4 Units, Condo\\\'s, Manufactured
D.Homes (Double wide or Larger), and
E.Modular Homes10% Down


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Last Updated on: February 21, 2018
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