Loan Options

Conventional Loans

  • Purchases up to 95% LTV
  • Refinances up to 97% LTV
  • Credit Score of 550 or above

Home Possible/Home Ready A great alternative to FHA Financing

  • Purchases up to 97% LTV
  • First time homebuyers, retirees and move-up borrowers
  • Refinances up to 97% loan to value regardless of current mortgage program

Adjustable Rate Loans

  • Provide savings with lower rate and payment savings
  • 10/1 ARM fixed for 120 months, adjusts annually for the remaining term
  • 7/1 ARM fixed for 84 months, adjusts annually for the remaining term
  • 5/1 ARM fixed for 60 months, adjust annually for the remaining term
  • 3/1 ARM fixed for 36 months, adjusts annually for the remaining term

Great program if you are not going to live in your home for 30 years, no negative amortization, it has caps (adjustment caps provide protection) so no surprises.

Jumbo Loan Products

  • Loan amounts up to $2 million
  • Eligible for primary (89.99% LTV) and second homes (89.99% LTV)
  • Fixed Rate
  • Cash out up to 89.99% LTV

VA Loans

  • Single family primary residences
  • Fixed Rate

VA IRRRL

  • No income or asset overlays
  • Loan to value up to 150% with no appraisal

FHA Loans

  • 3.5% down payment
  • lesser credit scores (down to 550)
  • Single family primary residences

USDA 

  • 30 year fixed rate
  • 100% financing available (no down payment)
  • No cash reserves needed
  • Closing costs may be financed on some transactions
  • Seller contributions allowed

Owner Occupied Non-Prime Loans

  • 580 to 700 Fico Scores
  • Purchases and Refinances
  • DTI to 55%
  • $100,000.00 – $2,000,000.00
  • Bank Statement Programs