LOAN OPTIONS – HOMES LOAN SALES

LOAN OPTIONS

Let's Get You Where You Want To Be

We gather information and supporting documents about your

  • Identity

  • Employment

  • Income

  • Living Expenses

  • Assets

  • Liabilities

  • Credit Score

WE DETERMINE

  • Credit Worthiness

  • Ability to Repay

  • How Much Home You Can Afford

FHA

Insured by Federal Housing Administration

  • FICO score at least 580 = 3.5% down payment
  • FICO score between 500-579= 10% down payment
  • MIP (Mortgage Insurance Premium) required
  • Debt-to-Income Ratio less than 43%
  • Home must be borrower’s primary residence
  • Insures single-family and multi-family homes
  • Borrower must have steady income and proof of employment
WW
341b53_2b0fda186ced478b80cd2f5be8565634~mv2

VA

Guaranteed by U.S. Department of Veterans Affairs

  • designed for veterans and military families

  • Certificate of Eligibility required

  • flexible, governemnt-backed loans

  • 0% down required

  • NO private mortgage insurance (PMI)

  • NO pre-payment penalties

  • offers competitive rates

USDA

Backed by United States Department of Agriculture

  • 100% financing option  (no down payment)

  • Primary residence only

  • Single-family residence

  • Only covers lands considered rural as per USDA maps

  • 30-year fixed available

  • most lenders ask for a minimum credit score of 640

341b53_631cd8498aea46c0bc1251029e44b520~mv2
341b53_302e1f7f310e4b5ab50ffe100f35fcb5~mv2

REVERSE MORTGAGE

  • All borrowers must be 62 and older

  • Must own property

  • Must be primary residence

  • Mandatory counseling session

  • FICO score irrelevant

  • Credit History irrelevant

  • Property must meet FHA Property Standards

REFINANCING

  • Rate-and-Term

  • Cash-Out

  • Cash-In

  • FHA Streamline

  • VA Streamline

  • USDA Streamline

  • Reverse Mortgage

341b53_06ce1abeb74a43f0ad1e5a122b1a5ac0~mv2
341b53_e261f6ad18b8490784e25f401fae63b2~mv2

Portfolio/ Jumbo Loans

  • Investor DSCR

  • Construction Loans

  • Self-Employed Solutions

  • Alternative Income Verification (No Tax Returns Program)

  • Fresh Start Fianancing

  • Jumbo Loan 90 LTV 5/1 ARM No Mortgage Insurance

  • Individual Tax ID# Loan

  • Credit Ascent Program

  • ITIN Bank Statement

  • Foreign National