Loan Programs
Residential Home Loans
Conventional Fixed Rate Mortgage
Lock in that interest rate for the long haul! With a fixed rate mortgage, you can count on consistent principal and interest mortgage payments for the duration of the loan, and enjoy peace of mind knowing your housing budget will remain steady. We recommend this type of home loan if you plan on staying in your home for more than 5-10 years, have good credit and a reliable income.
Mortgage Refinance
Get a better interest rate, lower monthly payments, shorten the term of your mortgage or take cash out of your home equity. Use our refinance calculator to see if a refinance could save you money.
FHA Loan
Achieve your dream of home ownership with an FHA loan! These loans allow for lower credit scores, and down payment options as low as 3.5%. Are you a first-time homebuyer? If you’re looking to buy a home for the first time, an FHA loan might be a good option for you.
VA Loan
VA loans offer special benefits to current members of the military, veterans and eligible surviving spouses. Benefits include less-restrictive credit guidelines and lower down payment options. We’re always pleased to help those who serve our country get into a home!
Jumbo Loan
Make the move into your dream home! Jumbo loans provide a great option for home buyers purchasing homes that exceed conforming limits. If you have good credit and a large down payment, a jumbo loan might be right for you.
USDA Loan
Move away from the city and purchase a home with no down payment. USDA loans offer programs to rural home buyers who meet USDA’s income eligibility requirements. For eligible home buyers, USDA loans feature no down payment options and generally favorable interest rates. This is a good loan option for lower income homebuyers and first-time homebuyers in rural and suburban areas.
Down Payment Assistance Programs
Looking for a little help in getting into a new home? Down payment assistance programs help homebuyers with access to large sums of money through grants or loans to use as a downpayment. These funds can be made available through government and state housing agency programs or private organizations. In many cases the downpayment doesn’t have to be paid back.
Reverse Mortgage
Get money from your lender instead of making monthly payments to your lender. A reverse mortgage is available to homeowners age 62 and older with equity in their homes. Reverse mortgage payments can be received monthly, in a lump sum or through a line of credit. Most reverse mortgages today are called HECMs, short for Home Equity Conversion Mortgage.
Adjustable Rate Mortgage
Not quite ready to lock in a long-term fixed rate? An adjustable rate mortgage might be a good option for you. ARMs feature lower interest rates, but the interest rate can change (or adjust) after a fixed amount of time. This type of loan might also be a good option for you if you are looking to own a home for a shorter period of time.
Non-QM Loan
Are you an entrepreneur or have irregular income? For homebuyers with non-traditional or complex tax returns, a Non-QM loan is a great option. Examples of a Non-QM loan include interest-only mortgages or limited/alternative documentation loans.
Bank Statement Program
Self Employed individuals whose tax returns have extensive write offs and don’t accurately reflect the cash flow received by the individual/business.
Main Features Overview:
• No tax returns required
• 12 or 24 months personal or business statements are used to determine monthly qualifying income
• Down payments as low at 10%
• Credit scores as low as 620
• Loan Amounts as high as $2.5 million
• All occupancy types available
• Cash Out Refinance available
• Recent credit event okay (bankruptcy, foreclosure, mortgage lates)
• Interest Only and 40-year Amortization options available
Asset Utilization Program
Individuals with limited/no income but substantial assets.
Main Features Overview:
• No tax returns required
• Qualify using assets (bank statements, investments, retirement, etc)
• Can be combined with wage/self-employment income
• Down payments as low as 10%• Credit scores as low as 580
• Loan Amounts as high as $3.0 million
• All occupancy types available
• Cash Out Refinances available
• Recent credit event okay (bankruptcy, foreclosure, mortgage lates)
• Interest Only and 40-year Amortization options available
Investor Loan Program
Established investors who cannot qualify for traditional financing due to the number of properties owned or have tax returns are structured. Also allows title to be held in the name of a trust or business to give the individual more protection from liability.
Main Features Overview
• Tax returns not required
• Qualify off the cash flow of the subject property
• Down payments as low as 20%
• Credit scores as low at 620
• Credit events >2 years okay
• Loan Amounts as high as $2.0 million
• Foreign Nations Eligible
• Title can be in the name of a trust or business (not required to be held in the name of an individual)
• Cash Out Refinance available
• Interest Only and 40-year Amortization options available
Foreign National Program
Individuals who are not U.S. Citizens, Permanent Resident Aliens or do not have an acceptable Visa classification to be considered an eligible Non-Permanent Resident Alien
Main Features Overview:
• Down payments as low as 25%
• Loan Amounts as high as $3.0 million
• Not required to have US-based credit or credit score
• Can be utilized with other niche programs, such as the Bank Statement Program or Asset Utilization
• Second Home and Investment properties eligible
• Cash Out Refinance available
• Interest Only and 40-year Amortization options available
This is not a commitment to make a loan, nor should it be construed as lending advice. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant.
🎯Smart Start Handbook
The Smart Start Handbook is an outline of what to expect during the loan process. It explains the expectations of us as your lender as well as the expectations for you as the buyer to ensure the smoothest transaction.
Meet The Team
Process Flow
Pre-Qualified vs Pre-Approved
Close On Time Guarantee
Common Cupporting Documents
Do's & Dont's