Hottest Loan Programs

 

 

We have summarized some of the hottest loan programs here for your convenience, after tons and tons of research with our 100+ wholesale lenders. However, because loan guidelines are always changing (and we barely even scratched the surface), it is important to work 1-on-1 with a licensed and knowledgeable professional to determine the best loan program for your needs.

10% Down on Jumbos with NO PMI

  • Smaller down payment
  • Lower rates and costs (80:10:10 or 75:15:10)
  • FICO score down to 680
  • Avoid Mortgage Insurance (MI)
  • Better wholesale rates than retail banks. Small changes in rate make BIG $$$ differences.
  • Interest only options available
  • Up to $25 million loan amounts available

1% Down on Conventional with Free 2% Equity Boost

  • Smaller down payments with NO MI options
  • FICO score down to 720
  • $5,000 maximum Equity Boost
  • FAST closings in as little as 15-20 days
  • 3% down payment option with 620+ FICO score

Recent Credit Problems

  • 1 day foreclosure, bankruptcy, short sale, or deed in lieu
  • 20% down
  • FICO score down to 500
  • Rates in the low 6’s with interest-only available
  • Up to $1 million loan amount

Less Recent Credit Problems

  • 2 years foreclosure, bankruptcy, short sale, or deed in lieu
  • 10% down
  • FICO score down to 640
  • Rates in the low 6’s with interest-only available
  • Up to $2 million loan amount

Business or Personal Bank Statement Programs

  • 10% down
  • FICO score down to 660
  • 24 months bank statements. No tax returns or paystubs.
  • Up to $3 million loan amount

Interest-Only Programs

  • 5% down
  • FICO score down to 720
  • Primary Residence or 2nd Home Only
  • Up to $2.5 million loan amount

CalHFA Down Payment Assistance Programs

  • 0% down
  • FICO score down to 640
  • Up to $660,000 purchase price statewide
  • Can be combined with MCC Tax Credit Program

Foreign Nationals Not Living in the U.S.

  • 25% down with 12 months reserves
  • No US credit, no SSN or ITIN
  • 2nd Homes or Investment Properties
  • Up to $750,000 loan amount

Expanded Cash-Out Refinance Options

  • FHA to 85% LTV with 550 FICO score
  • VA to 100% LTV with 580 FICO score
  • Conventional up to 80% LTV for primary residence with 620 FICO score
  • Non-QM with bank statements up to 90% LTV for primary residence interest-only with 720 FICO score

Other Great Benefits

Previously “unqualified” buyers can now qualify.

Lowest FICO options in the market

  • Down to 500 FICO score on Non-QM
  • Down to 580 FICO score on FHA/VA
  • Down to 620 FICO score on Conventional

Bigger loan amount. More home options.

Highest Debt-to-Income (DTI) options in the market

  • Up to 50% on Non-QM
  • Up to 56% on FHA; 60% on VA
  • Up to 50% on Conventional

Great assets, but no to low income?

Asset Depletion Programs

  • Great assets
  • FICO score down to 640
  • No to low income

Pre-Approval Letter in 24 hours or less

Submit stronger offers knowing you qualify.

Conventional and FHA Renovation Loan Programs

More options for fixer-upper or “TLC” buyers.

VA Programs

Up to 100% LTV for our Veteran homeowners.

8 to 30-Year “True Rate” Loan Terms

Secure the option to match your life goals.

Using new business income to qualify?

1 year self-employed okay in some cases.

Family or friends helping you qualify with income?

Non-occupant co-borrowers okay.

Are you a business owner?

Business funds as down payment and reserves okay.

Want to pay your own property tax and insurance?

Escrow fee waivers okay.

Loan fell through and want to save time on appraisal?

Conventional appraisal transfers okay.

Family helping you qualify with down payment?

100% gift funds okay.

House rich, cash poor age 62+, low income and credit?

Ask about our Reverse for Purchase Program.

Unpermitted additions?

Okay with similar comps and workmanlike manner.

To learn more about all these different loan programs and options and what will work best for you, please click below.