We Have a Loan That's
Right for You!
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Programs listed are only a small sample of those available to
Borrowers, Home Owners, and our Real Estate Partners. Please e-mail
or call with particular scenarios so that we may provide an immediate solution
and assist you in completing your transaction.
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"Niche" Loan Programs
No
Income Verification
No
Minimum Credit Score
2nd Trust Deeds
Conventional
103%
JUMBO
(Non-Conforming) Loans
FHA
Programs
FHA
Fixed Rate
FHA Adjustable Rate
FHA 1% Advantage
VA
Programs
VA
Fixed Rate
FNMA
Programs
FNMA
Fixed Rate
FNMA Adjustable Rate
FNMA Community Home Buyer
FNMA 7 Year Balloon
FNMA 3yr, 5yr, 7yr, 10yr Fixed Rate
Conventional
Programs
Conventional Self-Employed
Conventional Seller Advantage
Conventional 95% Cash-Out Refinance
No
Income Verification/Stated Assets
| FEATURES |
GUIDELINES |
| Up to 95% LTV |
Owner Occupied to $300 K |
| Up to 90% LTV |
Owner Occupied to $400 K |
| Up to 80% LTV |
Owner Occupied to $500 K |
| Up to 75% LTV |
Owner Occupied to $650 K |
| Up to 90% LTV |
Second Home to $250 K |
| Up to 70% LTV |
Second Home to $400 K |
| Up to 65% LTV |
Second Home to $500 K |
| Up to 55% LTV |
Second Home to $650 K |
TOP
No
Minimum Credit Score
| FEATURES |
GUIDELINES |
| Up to 90%LTV /
95% CLTV |
Full Doc Owner Occupied to $400
K |
| Up to 85%LTV /
90% CLTV |
Self Employed to $400 K (O/O) |
| Up to 80%LTV /
90% CLTV |
Stated to 400 K (O/O) |
| Up to 75%LTV /
90% CLTV |
Second Home to $300 K |
| Up to 70%LTV /
90% CLTV |
Self Emp 2ND Home to $300 K |
| Up to 70%LTV /
90% CLTV |
Stated 2ND Home to $300 K |
| Up to 75%LTV /
90% CLTV |
Non-Owner Occ to $300 K |
| Up to 70%LTV /
90% CLTV |
Self Emp Non-Owner Occ to $300 K |
| Up to 70%LTV /
90% CLTV |
Stated Non-Owner to $300 K |
TOP
2nd
Trust Deeds
| FEATURES |
GUIDELINES |
| Up to 100% Cash Out |
No Pre-Pay, No Seasoning, Debt
Ratios to 55% |
| Owner Occ or Non-O/O |
Up to $275 K |
| Stated Income O.K. |
Up to $50 K |
| Self-Employed |
Up to $100 K |
| Up to 130% Home Improvement |
(After Value) |
TOP
Conventional
103%
| FEATURES |
BENEFITS |
| Zero Down Payment |
Zero out of pocket expense |
| Financed Closing Costs |
Roll in up to 3% costs |
| Expanded Income/Debt Ratios |
Buy more home! |
| Loans to $325,000 |
Higher purchase price |
TOP
Jumbo
(Non-Conforming) Loans
| FEATURES |
BENEFITS |
| Loans Up to $1,000,000 |
Purchase or refinance |
| Fixed Rate Options |
15/20/25/30 year terms |
| Fixed Term Options |
3yr, 5yr, 7yr, 10yr fixed
adjustable rate |
| Options |
6mo/1yr treasury, libor, cofi |
TOP
FHA Fixed
Rate
| FEATURES |
BENEFITS |
| Higher Ratios |
Allows more borrowers to qualify |
| 3% Down Payment |
Minimal cash outlay |
| Buydown Option Available |
Ability to qualify for more home |
| Fixed Rate |
Easy budgeting |
| Financed MIP |
Lowers closing close |
| Assumable |
No rate increase
Buyer must qualify |
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FHA
Adjustable Rate Mortgage
| FEATURES |
BENEFITS |
| Higher Ratios |
Allows more
borrowers to qualify |
| 3% Down Payment |
Minimal cash
outlay |
| Lower Initial
Payment Rate |
Ability to
qualify for more home |
| Financed MIP |
Lower out of
pocket expenses |
| Assumable |
Can help in sale
of home if buyers qualify |
| Ability to make
unscheduled principal reductions and have it impact payments |
Can possibly
reduce payments at next interest rate adjustment |
TOP
FHA 1%
Advantage
| FEATURES |
BENEFITS |
| 1% Down Payment |
Can be gift
funds or cash reserves |
| Zero Closing
Costs |
Can be paid by
seller or lender |
| No Income
Limitations |
Regular FHA
guidelines |
| No 2nd Mortgage
or Recapture |
99% LTV - No
strings attached |
TOP
VA Fixed
Rate
| FEATURES |
BENEFITS |
| 100% Financing |
No cash needed at closing for
down payment |
| Fixed Interest Rate and P&I
Payment |
Fixed interest rate and no M.I. |
| Assumable |
Allows qualified purchaser to
assume loan, aid in sale of home |
| No Prepayment Penalty |
Allows early payoff at no
additional cost |
TOP
FNMA Fixed
Rate
| FEATURES |
BENEFITS |
| Up to 97% LTV |
Minimal cash outlay |
| Non-Owner occupied loans on up
to 4 family dwellings |
Can be utilized by investors |
| Buydown Options |
Ability to qualify for more
homes |
| Fixed Rate |
Easy budgeting |
| Trailing Spouse/Relocations
Loans |
Ability for relocating borrowers
to qualify prior to spouse obtaining employment in the new location |
| 15-20-30 Year Term |
Allows for earlier pay off, less
interest paid |
TOP
FNMA
Community Home Buyer
| FEATURES |
BENEFITS |
| Low Down Payment Option |
Borrower can move in with only
3% of own funds |
| Homebuyer Education |
Eliminates the fear and mystery
of homeownership |
| Higher Ratio |
Borrower can qualify for larger
loan |
| No Cash Reserve Requirements |
Borrower can obtain high ratio
loan with less cash assets |
| Grants and loans from Non-Profit
Organizations |
Cash poor buyers can get gifts
or specific loans, for 2% option and closing cost |
| Fixed Rate |
Easy budgeting |
| Up to 97% LTV |
Minimal cash outlay |
| Larger loan amounts available
than FHA |
Higher priced property can be
financed |
TOP
FNMA
Adjustable Rate Mortgage
| FEATURES |
BENEFITS |
| Lower initial payment rate
mortgage |
Allows more buyers to qualify.
Ability to qualify for more home |
| Variety of rate/point options |
Options to suit buyer's current
needs and future financial plans |
| Second Home Allowed |
Makes program available to a
wide range of borrowers |
| Refinancing up to 90% LTV |
High LTV makes refinancing
recently acquired home easier |
| Ability to make unscheduled
principal reductions and have it impact payments. |
Can possibly reduce payments at
next interest rate adjustment |
TOP
FNMA 7
Year Balloon
| FEATURES |
BENEFITS |
| Lower initial rate than a fixed
rate mortgage |
Ability to qualify for more home
/ larger loan |
| Rate fixed for 7 years |
Ideal for relocation employee
More payment certainty than an ARM |
| Larger loan amounts available
than FHA |
Higher priced property can be
financed |
| Buydown Options |
Can qualify more buyers. Sell to
builders |
| Trailing Spouse / Relocation
Loans |
Ability for relocating borrowers
to qualify prior to spouse obtaining employment in the new location |
| Up to 95% LTV |
Minimal cash outlay |
TOP
FNMA
3yr, 5yr, 7yr, 10yr Fixed Rate
| FEATURES |
BENEFITS |
| Low Down Payment Options |
Move in with little or no cash |
| Initial Fixed Rate Period |
Easy budgeting with no increases |
| Lower Interest Rate Than Fixed |
Keeps monthly payment low |
| Flexible Financing Options |
Ideal for corporate relocation |
TOP
Conventional
Self-Employed
| FEATURES |
BENEFITS |
| Up to 100% LTV |
Minimal closing costs |
| Stated Income |
Minimal paperwork |
| No Documentation |
No qualifying hassle |
| Loans to $500,000 |
By more home |
TOP
Conventional
Seller Advantage
| FEATURES |
BENEFITS |
| Move Into New Home Without
Selling Existing Residence |
Great for new construction or
slow resale market |
| 5% Down Payment on New Home |
Low cash out of pocket |
| No Bridge Loan or 2nd Mortgage |
Save on closing costs |
| Maximize Purchase Power |
Qualify without using current
house payment |
| No Refinance Necessary When old
Home Sells |
New mortgage balance when former
residence sells |
TOP
Conventional 95%
Cash-Out Refinance
| FEATURES |
BENEFITS |
| Maximum Cash-Out Available |
Utilize home equity for needs,
pay bills, vacation |
| Expanded Debt/Income Ratios |
Easier to qualify for the
maximum loan |
| Loans to $500,000 |
Higher value properties |
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