Loan Programs

VA Purchase Loan Program

15.11.2017
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Current low interest rates and VA purchase loans are a winning combination to help veteran borrowers buy a home. VA loans offer great features such as no money down and credit scores as low as 550. Below market rates and no mortgage insurance mean lower monthly payments than conventional loans.

-Up to 100% loan to value

-No mortgage insurance regardless of loan to value

-Debt to income ratios up to 75% with residual income

-Credit scores as low as 550

-Loan Amounts up to $2,000,000

-Available for primary residences

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.
 
PDF Program Flyer Below

Conventional 5% Down Payment Purchase Loan Program

3.11.2017
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The Fannie Mae HomeReady program gives low-to moderate-income borrowers more opportunities to own a home, including expanded eligibility and a low down payment.

-As little as 5% down payment with no Minimum Borrower Contribution requirement

-Boarder Income and Non-borrower Household Income allowed

-Available for primary residences

-Loan Amounts up to $636,150

-Up to 50% debt to income ratio

-Credit scores as low as 620

-Homeownership education course is required

-Income limits apply. Check HUD Area Median Income Limits for income eligibility.

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.

 

PDF Program Flyer Below

Derogatory Credit Reference Guide

13.04.2017
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Buying a home after a short sale, foreclosure, or bankruptcy?

In today’s environment, more and more potential customers are looking to buy a home after a short sale, foreclosure, bankruptcy, or other derogatory credit event. While the lending process can be challenging, understanding what today’s requirements are can help you assist your customers […]

Conventional 97% LTV Purchase and Refinance Loan Program

3.04.2017
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The HomePossible program is Freddie Mac’s community lending product that offers additional flexibility and options to meet a variety of borrowers’ home financing needs.

-Up to 97% loan to value

-Boarder Income allowed

-Available for owner occupied, 1 to 4-unit properties

-Loan Amounts up to $424,100

-Up to 50% debt to income ratio

-Credit scores as low as 620

-Homeownership education course is required Income limits apply. Check HUD Area Median Income Limits for income eligibility.

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply […]