Loan Programs

Conventional Refinance Loan Program

9.06.2015
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The conventional mortgage program has a variety of options to help low and moderate income borrowers refinance an existing mortgage, including cash out and rate/term refinances. Programs available to get you the cash that you need to consolidate debt or refinance out of your FHA mortgage insurance payments.

-Cash out up to 80% loan to value

-Rate/term refinance up to 95% loan to value

-Debt to income ratio up to 50%

-One year’s tax return can be used to qualify at a higher income level

-Credit scores as low as 620

-May be eligible for reduced wait times for bankruptcy and foreclosure

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

VA Refinance Loan Program

4.06.2015
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Current low interest rates and VA refinance loans are a winning combination to help you improve your financial strength. VA loans offer great features such as 100% LTV and credit scores as low as 550. Competitive rates and no mortgage insurance premiums may mean lower monthly payments than conventional loans.

-Cashout and rate/term refinances up to 100% loan to value

-No monthly mortgage insurance premium

-Up to 60% debt to income ratio

-Lender rebates available up to 3% of loan size for closing costs

-Credit scores as low as 550

-Variety of fixed and adjustable rate loan options available

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

Conventional Purchase Loan Program

2.06.2015
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The conventional mortgage program has a variety of options to help low and moderate income borrowers purchase a home, including low down payment and eligibility for community seconds or standard subordinate financing.

-As little as 5% down payment. No money down payment option available if the loan is combined with a community second mortgage.

-Debt to income ratio up to 50%

-Credit scores as low as 620

-One year’s tax return can be used to qualify at a higher income level

-Owner occupied 1-4 Units, condos, and PUDs

-For single family residences, there is no minimum borrower funds contribution (gift funds up to 100% are acceptable)

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

First-Time Home Buyer Conventional Loan Program

27.05.2015
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Gift funds, seller contributions, and community second allowed for no out-of-pocket costs. Buy a home without draining your savings account. This attractive 97% LTV home loan purchase program requires only 3% down, which can come from gift funds or community seconds.

-“All gift” down payment allowed from acceptable gift donor

-Community second and seller contributions allowed

-Credit scores as low as 620

-No mortgage insurance option available