Loan Programs
VA Loans
We proudly offer mortgage products available to Veterans in accordance with the Department of Veterans Affairs guidelines. These flexible products with favorable loan terms are available to qualified Veterans and active duty personnel. This includes VA Rehab Loans allowing for renovations and your home loan to be paired into one single loan. You served your country with honor, so let the VA loan program honor your service.
Features and Benefits
Purchase, rate/term refinance, and cash-out refinance options
No down payment required*
Fixed- and adjustable-interest rates available
Seller-assistance options
Low minimum credit score requirement
No monthly mortgage insurance premiums
Eligible Properties:
1- to 4-unit property
PUDs
Condominiums
Manufactured homes
Community Lending Program
The Community Lending Program provides a discounted rate to homebuyers who are buying properties in these eligible areas. These homebuyers can secure a conventional loan with HUGE savings with an additional discounted rate depending on the loans scenario.
Features & Benefits:
No income restrictions
Discounted rates
Savings on closing cost
Guidelines:
In the eligible areas
620 minimum credit score
Primary residence
FHA Loans
For generations, the FHA Loan Program has made the dream of homeownership a reality for those who would otherwise be unable to qualify for a home loan. FHA financing guidelines permit smaller down payment options, less than perfect credit and shorter wait periods after recovering from a bankruptcy or foreclosure. With historically low interest rates and rising home values, now is the perfect time to purchase your home. We, along with FHA, have spent decades making dreams come true.
Borrowers May Qualify For:
Low Down-Payment Option
580 Minimum Credit Score
203k Rehab Mortgage Insurance
Gift Fund Allowed For Down Payment And/Or Closing Costs
Finance Two Years After Bankruptcy Discharge - Chapter 7
May Be Able To Finance During Chapter 13 Bankruptcy
Conventional Mortgage
We are giving you the power to say YES to more clients than ever!
Purchase Only (Single Family Residences, PUDs, or Condos)
Minimum FICO Score: 620
Gift Funds Allowed
Refinance Loans
Do you have debts that you would like to consolidate? Would you like to eliminate your mortgage insurance and lower your payments, or do you need cash for home improvements?
Qualified Borrowers may be eligible to:
Lower monthly principal and interest payments
Refinance without an appraisal
Consolidate debts
FHA Streamline
Refinance out of an adjustable rate mortgage
Refinance to:
15 or 30-year Fixed Mortgage
VA Loan
FHA Loan
FHA Streamline
Jumbo Loans
Down Payment Assistance
You may be eligible for a Down Payment Assistance Grant! Homeownership may be just around the corner.
DPA can be used with FHA & Conventional Financing
No Penalty to Interest Rate
We have repayable and forgivable options
Qualify for up to 5% Assistance
Multiple DPA Providers and State-Specific Programs
MSHDA in Michigan
THDA in Tennessee
Fix & Flip
Fix and Flip loans are a 8-12 month term loan that allows for investors to get a loan to cover purchase price and renovations on a property. This helps investors flip their property after 12 months to maximize their return of profit on their home investement.
Features & Benefits:
Up to 92.5% LTC
Up to 100% of Rehab Costs
No Interest Charged on Undrawn Rehab Funds
No Prepayment Penalties
Requirements:
Minimum 620 credit score
LTV under 85%
10%-20% down payment
Non-Qualified Loan Programs
Some of these programs include:
DSCR Loan
ITIN Loan
Bank Statement Loan
1099 Loan
Jumbo Loan
Temporary Buydown Mortgage
Bridge Loan
Non-qualified mortgages are programs that allow you to qualify using alternative methods rather than the traditional Consumer Financial Protection Bureau’s guidelines.