Loan Programs

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

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

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 […]

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 […]