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LOANGIANT HAS FINANCE PROGRAMS FOR EACH PROPERTY TYPE BELOW:

  • DETACHED DWELLINGS:​

  • ATTACHED / MULTI-UNIT DWELLINGS:

    • Apartment (American English) or Flat (British English) – An individual unit in a multi-unit building. The boundaries of the apartment are generally defined by a perimeter of locked or lockable doors. Often seen in multi-story apartment buildings.

    • Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.

    • Terraced house (a. k. a. townhouse or rowhouse) – A number of single or multi-unit buildings in a continuous row with shared walls and no intervening space.

    • Condominium (American English) – A building or complex, similar to apartments, owned by individuals. Common grounds and common areas within the complex are owned and shared jointly. In North America, there are townhouse or rowhouse style condominiums as well. The British equivalent is a block of flats.

  • SEMI-DETACHED DWELLINGS:

    • Duplex – Two units with one shared wall.​

  • PORTABLE DWELLINGS:

  • COMMERCIAL:

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PRE-QUALIFY

For a Mortgage or Bridge Loan before you buy.

Before shopping for a home, understanding the benefits of a loan pre-qualification.

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LOAN PRODUCTS FOR:

REFINANCING REAL ESTATE

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CONVENTIONAL HOME LOANS FOR REFINANCING

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Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

 

Conforming Fixed

The Fixed Rate Conventional options. Fixed means your P&I Principle and Interest Portion of your Payment will never change for the life of your loan. Conventional loans also have a money saving feature of self eliminating Mortgage Insurance. Only Conventional loans have this feature.

Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

 

Conforming ARM

The Adjustable Rate Conventional ARM option. Adjustable Rate Conventional ARM means your P&I Principle and Interest Portion of your Payment is guaranteed to change for the life of your loan. This is usually in an upward pattern every termed increase allowance. Conventional loans also have a money saving feature of self eliminating Mortgage Insurance. Only Conventional loans have this feature.

Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

 

High Balance Fixed

Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

 

High Balance ARM

Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

 

HomeOne

If you’re dreaming of homeownership but still saving for a down payment, you may be able to buy now with a HomeOneSM mortgage. It only requires a 3% down payment, and you’re not limited to a traditional residence.

Low down payments for first-time homebuyers or new rates and terms for homeowners with a Freddie Mac loan:

The Freddie Mac HomeOneSM mortgage is a low down payment option for qualified first-time homebuyers. It helps hopeful first-time buyers become homeowners, offering relaxed requirements for income levels and geographic locations. HomeOneSM only requires a 3% down payment, and you’re not limited to a traditional, single-family residence.

If you already have a Freddie Mac mortgage, this program offers a no cash-out refinance so you can change the rates and terms of your loan.

Key Features and Benefits: 

  • Low down payments beginning at just 3% of your total loan payment. 

  • You may qualify with a minimum 620 FICO score

  • Several property types are allowed, including single-family home, condo, modular homes, one unit co-ops, manufactured home* and homes in Planned Unit Developments (PUDs) 

  • No income or geographic restrictions, so you're free to shop for a home within the neighborhood you prefer. 

  • Homebuyer education is required, and help you prepare for the responsibilities of a mortgage. ​

* Manufactured homes are allowed on Purchase and Rate Term Refinance Transactions of a Primary Residence only. Among other requirements, 95% LTV and a minimum of 640 FICO required.

Home Possible

Home Possible® is a Freddie Mac loan program designed to bring homeownership within reach to more borrowers. Home Possible® offers low down payments and easier credit scores.

Easier qualifying and lower costs make homeownership possible for buyers with low-to-moderate incomes:

Home Possible® is a Freddie Mac program designed to help borrowers with low-to-moderate incomes fulfill their dream of owning a home. It offers low down payments and has easier credit score requirements.

This program has other unique guidelines and options. For example, you could qualify for an Affordable Second – a secondary loan from a nonprofit group or a state or county agency, giving you access to more funding.

Key Features and Benefits: 

  • Down payments of as low as 3%.

  • Credit scores as low as 620 are accepted.

  • Fixed-rate financing for easier budgeting.

  • Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).

  • Temporary buydowns can reduce your starting interest rate for 1-2 years.

  • Co-borrowers who do not live in the home can be included in a one-unit residence. 

  • Homebuyer education is required for first-time buyers.

  • Down payments as low as 3% depending on your loan amount.

HomeReady

HomeReady™ is a Fannie Mae loan program that is designed to extend the privileges of homeownership to buyers with limited household incomes.

Financing designed to put homeownership within your reach: 

HomeReady™ mortgages from Fannie Mae are meant to help borrowers with low-to-moderate incomes buy or refinance a home. These loans reduce the typical down payment and mortgage insurance requirements. They’re also more flexible with co-borrower requirements, including allowing co-borrowers who won’t be living in the home. For example, parents can co-sign a loan to help their adult children get approved.

Key Features and Benefits: 

  • Down payments as low as 3%.

  • Credit scores as low as 620 are accepted.

  • Permits family or friends to co-sign the loan.

  • Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).

  • Properties in high-cost areas may qualify.

  • Homebuyer education is required. 

HomeStyle Renovation Loan

Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest. 

An easy and affordable way to pay for home renovations and repairs:

HomeStyle Renovation® can help you finance one or more renovation projects, pay for major repairs, or install a pool. This Fannie Mae program is available for new and existing homes – even new construction. The funds can be used for design updates or even renovating accessory units like garage apartments or guesthouses.

Key Features and Benefits:

  • You may qualify for renovation fund amounts from $5,000 up to 75% of your home's post-renovation value. 

  • Lower closing costs, since you’re closing a single transaction.

  • Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, second homes, and homes in Planned Unit Developments (PUDs).

  • Fixed- and adjustable-rate mortgage options.​

CONVENTIONAL HOME LOANS

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REFINANCE / HOME EQUITY LOC

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BUSINESS LOANS / CREDIT LINES

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CONVENTIONAL PURPOSE & HISTORY:

We at LoanGIANT Home Loans, believe that it’s important to provide a range of lending solutions that fit all types of buyers. That’s why we offer Conventional home loans – because they can be a smart choice for buyers with limited funds and above average credit. The Fannie Mae (FNMA) and Freddie Mac (FHLMC) were created to make it easier to purchase a residence or facility with a smaller minimum down payment, even for buyers with limited capital and/or above average credit.

 

Why you may benefit from an Conventional home loan:

3% Down Conventional home loans are partially insured by the government, which reduces a lender’s risk and makes qualifying for the loan simpler. That means you may be able to make that purchase investment much sooner than you hoped. Give us a call and we’ll walk you through everything you need to know to find out if this is the right solution for you.

Conventional Private Mortgage Insurance also know as PMI:

Private Mortgage Insurance typically costs between 0.5% to 1% of the entire loan amount over 80% LTV on an annual basis. The only way to avoid MIP is purchasing with a minimum 20% down at closing. Many refinance after a projected 22% equity has been reach by property increase or paid down principal balance.

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LOANGIANT®
Instant Approval
Loan Call Centers
US: +1 (800) 929-6110
SA: +27 071 083 8499

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US: +1 (404) 960-9498

SA: +27 071 083 8499

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Key Features and Benefits of FHA Home Loans:

  • You may qualify to buy with a low, 3.5% down payment.
  • Credit scores from 620 are allowed for fixed-rate loans.
  • Both fixed-rate and adjustable-rate mortgages (ARMs) available.
  • You may finance a single-family home, 2-4 unit property, modular home, condominium or a Planned Unit Development (PUD) property.
  • Temporary buydowns may reduce your initial interest rate for 1-2 years.
  • Usually FHA loans work very well with government, state and local down payment assistance programs.

FHA 203(b) Fixed

If you are a first-time homebuyer an FHA Loan might be a good choice for its relaxed requirements and predictable payment schedule. 

The Fixed Rate FHA options. Fixed means your P&I Principle and Interest Portion of your Payment will never change for the life of your loan. FHA loans also have Mortgage Insurance set for the life of the loan that CAN NEVER be eliminated. Only Conventional loans have the self eliminating Mortgage Insurance feature usually at the 22% equity.

FHA loans are insured by the Federal Housing Administration. Generally, these are a good option if you have a lower credit score and limited employment history or are self employed. Interest rates for FHA loans are usually a small margin higher than conventional loan interest rates. 

 

FHA 203(b) ARM

The Adjustable Rate FHA ARM option. Adjustable Rate FHA ARM means your P&I Principle and Interest Portion of your Payment is guaranteed to change for the life of your loan. This is usually in an upward pattern every termed increase allowance. FHA loans also have Mortgage Insurance set for the life of the loan that CAN NEVER be eliminated. Only Conventional loans have the self eliminating Mortgage Insurance feature usually at the 22% equity.

FHA loans are insured by the Federal Housing Administration. Generally, these are a good option if you have a lower credit score and limited employment history or are self employed. Interest rates for FHA loans are usually a small margin higher than conventional loan interest rates. 

FHA 203(h) High Balance Fixed

FHA 203(H) Mortgage Insurance for Disaster Victims

This is a specialty FHA loan program that provides up to 100% financing to help victims of disasters purchase new properties or rebuild after their homes have been substantially damaged.

In 2019 there were over 100 disaster declarations according to data from FEMA, the Federal Emergency Management Agency. Causes included severe winter storms, hurricanes, tornados, flooding, wildfires, and mudslides, among others.

  • For the purchase or reconstruction of owner-occupied single family homes.

  • Up to 100 percent financing available.

  • Seller paid closing costs permitted, up to 6 percent.

  • Credit will be manually underwritten. Late payments may be ignored from the underwriting analysis if they take place after the date of the disaster and are found to have been caused by the displacement.

  • Choose from Fully Amortizing Fixed Rate or 5/1 Hybrid ARM.

  • 10 year, 15 year, 20 year, 25 year, and 30 year term options.

  • Single Family Residence, Manufactured, FHA Approved Condos, PUDs.

  • Primary Residence Only.

What are the benefits?

  • Available to renters as well as homeowners.

  • Renters who are displaced by a disaster may be eligible to purchase a new home with 100% financing through this program, and exempt from the 3.5% down payment requirement that comes with the standard FHA loan.

  • Does not need to be used right away.

  • In the days and weeks immediately following a disaster it may not be possible or prudent to focus on the next steps towards establishing long term housing or homeownership. Thankfully, eligibility for this program begins as soon as the US President declares the disaster, and remains for one year from that date of declaration.

  • Can choose to rebuild or move on.

  • Financing can be used to either rebuild a home that was destroyed, or to buy a new property.

What to do after a natural disaster:

When a natural disaster hits, your life may be quickly filled with uncertainty and chaos. After ensuring you and your family are safe, issues related to your home and income are typically of utmost concern, from how to handle repairs and insurance claims to temporary mortgage payment relief. Investor guidelines will determine your available assistance options. LoanGIANT is here to help.

Start here

  • Ensure your safety and the safety of your family; be sure your residence is safe before returning to inspect any damage.

  • Record the details of your damage, document with photos.

  • Locate any important documents you may need for seeking assistance.

  • Contact your homeowner’s insurance provider to understand your coverage, file a claim and meet with an adjuster.

  • Contact FEMA at 800-621-3362 to determine if you qualify for assistance and obtain a FEMA case number. Be sure to have your social security number and contact information available.

  • Contact LoanGIANT to report your insurance claim information and learn what hardship options may be available under your loan program.

    • Loss Draft (Insurance Claim Payment Processing) Department: 800-929-6110

    • Homeowner Insurance Department: 800-929-6110

    • Customer Service: 800-929-6110

 

CONTACT YOUR INSURANCE

Your insurance company should be one of your first calls. Before you call, be sure to read up on the process.
The Insurance Process

CONTACT AGENCIES

FEMA: 800-621-3362
American Red Cross: 866-438-4636
Salvation Army
Additional Resources

CONTACT LOANGIANT

During the FEMA relief period, if you were impacted by a natural disaster, LoanGIANT may be able to offer payment relief options.
Payment Relief Options

Until you confirm that you are eligible for payment relief under your investor's loan program during a FEMA declared relief period, it is important that you continue to make timely mortgage payments. If you cannot, payment assistance may be available. Payment assistance plans have a limited term. Any unpaid amounts will be due and payable at the end of the payment assistance period. Remember, your loan program guidelines are primarily set by the investor, not LoanGIANT. Certain limitations may apply based on those guidelines.

Agency resources:

FEMA

800-621-3362
FEMA.gov

Feed The Children

800-627-4556
FeedtheChildren.org

American Red Cross

866-438-4636
RedCross.org

Salvation Army

disaster.salvationarmyusa.org

National Voluntary Organizations Active in Disaster (VOAD)

VOAD on Ready.gov

Visit DisasterAssistance.gov to apply and qualify for potential grants and assistance.

 

FHA 203(k) Renovation Fixed

If you are looking to buy a home that requires repairs or renovations an FHA 203k can help provide those additional funds before moving in.

 

A home loan with extra money for a fixer-upper? 

When searching for a home, sometimes you find one that feels almost right – the perfect size in a great location, with a recently renovated kitchen – but it really needs some exterior cosmetic work. Or you may find one whose walk-up appeal is impeccable – but it still has laminate flooring from the 1960s. 

 

Perhaps, you aren't searching for a new home, but after watching a home improvement show, you realize your kitchen could use some upgrades.

 

Fortunately, there’s a home loan for that: an FHA 203(k) Rehab Loan, which includes additional funds for repairs and renovations that are done before move-in.

At Caliber Home Loans, we offer two types of Rehab loans: Limited for minor remodeling and non-structural repairs, and Standard for the bigger jobs. There are benefits to both, and finding the right one for you is critical, so if you’d like to look into a Rehab loan, contact us today.

Key Features and Benefits of FHA 203(k) Loans: 

  • Credit scores from 620 are allowed.

  • You are required to finance at least $5,000 of renovation/repair work.

  • The total loan amount depends on several factors, including which Rehab loan is best for you! 

  • Eligible properties include single-family homes, 2-4 unit properties, modular homes, and Planned Unit Development (PUD) properties.

  • Fixed-rate, 30-year loans keep your monthly budgeting simple.

FHA Streamline Refinance

If you currently have an FHA mortgage, an FHA Streamline Refinance offers several options.

Already have an FHA loan? Here are a few ways to lower your payments:

If you have an FHA loan and the interest rates have fallen since you made your purchase, you may be eligible to refinance at current interest rates and lower your monthly out-of-pocket expenses. Or if you have an Adjustable Rate Mortgage (ARM), you may want to consider converting it into a fixed-rate loan so that you can lock in a lower interest rate and reduce your monthly payments.

Here’s another option to consider: decreasing your loan’s term. If the interest rate has dropped since you got your loan, you may be able to pay the same amount each month but own your home sooner. This can save you a significant amount of money in interest payments. Visit our blog to learn more about refinancing options.

Contact a LoanGIANT Loan Consultant to discuss how much you can save by refinancing your FHA loan with LoanGIANT.

Key Features and Benefits of FHA Streamline Refinance: 

  • Minimum 620 credit score requirement.

  • A new property appraisal may not be required.

  • You may qualify to finance energy-efficient improvements for your home.

  • To qualify, you’re required to be current on your monthly loan payments

USDA Rural Housing Fixed

If you are looking to buy a home in a rural location, a USDA Loan can be ideal if you do not qualify for a conventional loan.

Live the country life with a low-down-payment – or, better yet, no down payment at all:

USDA home loans are typically for buyers in rural areas who might not qualify for other traditional loan products. Some buyers may not be familiar with this government-assisted program, but it’s a great one for those that qualify. A USDA loan generally has a low-down-payment – sometimes even zero down payment – and is easier to qualify for when it comes to certain types of purchases.

You don’t have to be a farmer or rancher to qualify for a USDA home loan. In fact, you don’t even have to live on a farm. Some suburban areas actually qualify for USDA loans, so contact LoanGIANT Home Loans today and see if your home is designated by the US Department of Agriculture for this special product.

And if you do want to be a farmer, that’s ok too.

Key Features and Benefits of USDA Home Loans: 

  • Available for Purchase or Refinances*

  • Available for eligible homebuyers

  • Zero down payment (or very low-down-payment)

  • Competitive fixed rates

  • No cash reserves required

  • Guarantee fee can be financed

  • Closing costs can be paid by Seller

  • You don’t have to be a farmer​

*USDA Guaranteed Rural Housing loans subject to program stipulations and applicable state income and property limits. 

VA FIXED

How do VA home loans work?

A VA home loan is a mortgage loan that’s issued by private lenders and partially back by the federal government. It helps U.S. veterans, active duty service members, and select widowed military spouses to buy a home.

VA home loans have been around since 1944, but they’ve become increasingly popular in recent years and now account for about 8%* of home purchases. This type of loan is often a good option because requirements are less restrictive to qualify for and require little to no down payment. 

VA home loans can be a great way into homeownership. They differ in some key ways from traditional home loans, so contact us to find out if a VA home loan is the best way for you to buy that dream home. 

Key Features and Benefits of VA Home Loans:

  • Little or no-down-payment

  • Minimum credit of 620 is required for fixed-rate financing.

  • Borrowers with credit scores from 580 to 619 are subject to stricter guidelines.**

  • Adjustable-rate mortgages (ARMs) require a minimum 620 credit score.

  • High-balance loans are allowed. If you're buying a home in a high-cost area, you may qualify for up to $2.5 million in loan funds.

  • A variety of property types are allowed, including single-family residences, 2-4-unit properties, VA-approved condominiums, manufactured homes and properties in Planned Unit Developments (PUDs).

  • Loans are for primary residences only and can’t be used for investment properties. ​

LoanGIANT is proud to support veteran and military home buyers, you can find out more about our initiatives by visiting LoanGIANT Military Lending.

* Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Construction,   https://www.census.gov/construction/nrs/pdf/quarterly_sales.pdf
**Borrowers with credit scores from 580 to 619 may only qualify for purchase transactions of one-unit single-family residences. Gift funds and down payment assistance is not allowed. Other restrictions may apply. 

 

VA Streamline Refinance

A VA Streamline Refinance, or IRRRL, provides you with a faster way to lower or lock in your interest rate with limited costs.

 

The fast and easy way to refinance your VA mortgage:

A VA IRRRL is a streamlined process that allows you to eliminate a lot of red tape when refinancing your existing VA mortgage. As a current LoanGIANT customer with VA loan, we make the process easier for you and deliver a smoother, faster path to closing than your typical loan process.*

IRRRL stands for Interest Rate Reduction Refinance Loan (pronounced “Earl”) and it’s an easy way to replace your current VA loan with one that has a lower interest rate. You can also use it to shorten your VA mortgage term or to switch from an ARM to a fixed-rate loan. And while most funding fees typically range from 2.14% to 3.3%, an IRRRL comes with a lower VA funding fee of just 0.5%.

 

Key Features and Benefits of VA Streamline Refinance:

  • An easy way to lower your monthly payments if the interest rate has decreased since you got your original VA loan. 

  • You can also use an IRRRL to change an adjustable-rate mortgage (ARM) to a fixed-rate loan, shorten your loan’s term or pay for energy-efficient home improvements. 

  • No appraisal is required.

  • No need to verify your income. 

  • Your VA entitlement is re-used, so your amount is not affected. 

  • The VA funding fee is lower than on original VA loans. 

  • Less expensive overall and often has no out-of-pocket costs. 

​​

LoanGIANT is proud to support veteran and military home buyers, you can find out more about our initiatives by visiting LoanGIANT Military Lending.

*VA Streamline Refinance Eligibility and Property Requirements: Be current on your mortgage with no more than one 30-day late payment within the past year. Your new monthly payment for the IRRRL must also be lower than the previous loan’s monthly payment unless you refinance an ARM to a fixed-rate mortgage. You must not receive any cashback from the VA Streamline Refinance. You must have previously used your VA Loan eligibility on the property you intend to refinance and certify that you previously occupied the property. You may see this referred to as a VA to VA refinance.

CONVENTIONAL HOME LOANS

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GOVERNMENT BACKED LOANS

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JUMBO / OVER GOVIE LOAN LIMITS

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REFINANCE / HOME EQUITY LOC

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NON-QM / NONCONFORMING

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INVESTMENT / FIX & FLIP, HOLD

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BUSINESS LOANS / CREDIT LINES

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FHA PURPOSE & HISTORY:

We at LoanGIANT Home Loans, believe that it’s important to provide a range of lending solutions that fit all types of buyers. That’s why we offer FHA loans – because they can be a smart choice for buyers with limited funds and marginal-to-average credit. The Federal Housing Administration (FHA) was created in 1934 to make it easier to purchase a residence or facility, even for buyers with limited capital and/or imperfect credit.

 

Why you may benefit from an FHA home loan:

FHA loans are partially insured by the government, which reduces a lender’s risk and makes qualifying for the loan simpler. That means you may be able to make that purchase investment much sooner than you hoped. Give us a call and we’ll walk you through everything you need to know to find out if this is the right solution for you.

FHA Private Mortgage Insurance also know as MIP:

FHA Mortgage Insurance typically costs between 0.5% to 1% of the entire loan amount over 80% LTV on an annual basis for the life of the FHA loan. FHA, unlike conventional home loans do not have the self eliminating mortgage insurance feature. The only way to avoid MIP on a FHA home loan is purchasing with a minimum 20% down at closing. Many refinance after a projected 22% equity has been reach by appreciated property value or paid down loan principal balance.

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LOANGIANT®
Instant Approval
Loan Call Centers
US: +1 (800) 929-6110
SA: +27 071 083 8499

WhatsApp Customer Care:

US: +1 (404) 960-9498

SA: +27 071 083 8499

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financingapply_0a8d.jpg

CONVENTIONAL HOME LOANS

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GOVERNMENT BACKED LOANS

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JUMBO / OVER GOVIE LOAN LIMITS

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REFINANCE / HOME EQUITY LOC

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NON-QM / NONCONFORMING

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INVESTMENT / FIX & FLIP, HOLD

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BUSINESS LOANS / CREDIT LINES

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FHA PURPOSE & HISTORY:

We at LoanGIANT Home Loans, believe that it’s important to provide a range of lending solutions that fit all types of buyers. That’s why we offer FHA loans – because they can be a smart choice for buyers with limited funds and marginal-to-average credit. The Federal Housing Administration (FHA) was created in 1934 to make it easier to purchase a residence or facility, even for buyers with limited capital and/or imperfect credit.

 

Why you may benefit from an FHA home loan:

FHA loans are partially insured by the government, which reduces a lender’s risk and makes qualifying for the loan simpler. That means you may be able to make that purchase investment much sooner than you hoped. Give us a call and we’ll walk you through everything you need to know to find out if this is the right solution for you.

FHA Private Mortgage Insurance also know as MIP:

FHA Mortgage Insurance typically costs between 0.5% to 1% of the entire loan amount over 80% LTV on an annual basis for the life of the FHA loan. FHA, unlike conventional home loans do not have the self eliminating mortgage insurance feature. The only way to avoid MIP on a FHA home loan is purchasing with a minimum 20% down at closing. Many refinance after a projected 22% equity has been reach by appreciated property value or paid down loan principal balance.

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Platinum Non-QM Jumbo Home Loans

Credit scores starting at 660

Up to 95% LTV, No MI

Non-QM Platinum Jumbo mortgage program is a competitively priced product for borrowers who just miss qualifying under Prime Jumbo guidelines. Stop losing deals because other lenders only offer Prime Jumbo. Our non-QM Platinum Jumbo loan allows our clients to help more Jumbo borrowers.

Your borrower may not be Prime – but they could be Platinum!

  • Loans up to $3 million, Minimum loan of $250,000

  • Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

  • Owner-occupied, second homes, and non-owner occupied

  • Purchase and cash-out or rate-term refinance

  • Full doc only

  • 40 year fixed interest only available

  • One year tax return program

  • Non-warrantable condos allowed

Portfolio Select Non-QM Jumbo Home Loans

Credit scores starting at 600

Up to 90% LTV with no MI

Credit worthy borrowers who have recovered from credit events no longer have to wait seven years to purchase or refinance! Our full doc Portfolio Select mortgage loan allows just one year seasoning for foreclosure, short sale, deed-in-lieu and just two years seasoning for bankruptcy. Capture more business and help those borrowers shut out of Agency guidelines. This full doc loan solution helps more borrowers achieve their financial goals through a home purchase or refinance. 

  • Loans up to $2.5 million

  • One year seasoning for foreclosure, short sale or deed-in-lieu

  • Two years seasoning for bankruptcy

  • Purchase and cash-out or rate-term refinance

  • Owner-occupied, second homes, and investment properties

  • Up to 50% DTI

  • Gift funds allowed

  • 40 year fixed interest only available

  • Non-warrantable condos allowed

Asset Qualifier Non-QM Jumbo Home Loans

Credit scores starting at 700

Up to 75% LTV

Asset Qualifier loan product is for borrower’s to qualify using their liquid assets. We do not require employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements. We have helped retirees, underserved self-employed, divorced with no income, and other borrowers with required seasoned assets to purchase or refinance. This easy to close loan is another solution helping borrowers with their home loan needs who could not under Agency guidelines. 

  • Loans up to $3 million, Minimum loan of $250,000

  • No employment, no income, no DTI

  • Rates are 30-year fixed

  • Five years seasoning foreclosure, short sale or bankruptcy

  • Primary residence, purchase or refinance

  • Interest only program available

  • Non-warrantable condos allowed

  • All assets must be sourced and seasoned for a minimum of six months

  • Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves

  • Borrowers must have at least $500,000 in post-closing assets.

Prime Jumbo Non-QM Home Loans

Credit scores starting at 660

Up to 90% LTV, No MI

Prime Jumbo mortgage product is a competitively priced loan option for borrowers purchasing homes outside of conforming limits. Borrowers who cannot qualify under GSE guidelines now have more options with us. Those who miss Prime Jumbo qualifications can quickly be moved to our Platinum Jumbo product which is also a competitively priced option. Our Jumbo program helps you save more deals!

  • Loan amounts to $3 million (minimum $1 over conforming limits)

  • Seven years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

  • Owner-occupied, second homes, and non-owner occupied

  • Purchase and cash-out or rate-term refinance

  • DTI up to 43%

Agency Mortgage Conventional Non-QM Home Loans

Credit scores starting at 660

Up to 95% LTV/CLTV, with MI

  • Loans up to conforming limits (high balance case by case)

  • Owner-occupied, second homes, investment

  • Competitive pricing with quick turn times

Self Employed Bank Statement Jumbo Home Loans

Credit scores starting at 600

Up to 90% LTV, No MI

Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.

  • Loans up to $3 million with a minimum of $150,000

  • 12 or 24 months business or personal bank statements

  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

  • Rates are 30-year fixed

  • Two years self-employed required

  • Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements

  • Purchase and cash-out or rate-term refinance

  • Owner-occupied, second homes, and non-owner occupied

  • 1099 option available

  • 40 year fixed interest only available

  • Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)

  • Non-warrantable condos allowed

1099 Income Loans

Credit scores starting at 600

Up to 90% LTV, No MI

Our 1099 income loan option is for underserved self-employed borrowers who are 1099 workers. Many freelancers, contractors, gig economy workers or other self-employed borrowers who file using W-9s cannot qualify for a mortgage under Agency guidelines.
These underserved borrowers can use 1099 earning statements in lieu of tax returns to qualify for a mortgage. Our 1099 Income loan is an alternative loan solution that helps many self-employed 1099 earners achieve homeownership. 

  • Maximum LTV 90% with 700 score

  • Maximum LTV 80% with 640 score

  • Loans up to $3 million, Minimum loan of $150,000

  • No tax returns are required

  • Most recent one or two years 1099 plus year to date earning statement allowed

  • Year to date earnings are verified from earning statement, paystubs, or bank statements

  • 1099s must be from a single employer

  • Borrower must be self-employed working for the same employer for two years

  • Owner-occupied, second homes, and non-owner occupied

  • Purchase and cash-out or rate-term refinance

  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

  • Non-warrantable condos allowed

Foreign National Home Loans

Maximum LTV of 70%

Maximum LTV of 65% for cash out

No Foreign or U.S. credit needed

This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. This is a DSCR program with a 1:1 ratio on cash flow. This means that this loan is incredibly easy to do – no income or U.S. credit required to qualify.

  • Minimum loan amount of $75,000

  • Maximum loan amount of $1.5 million

  • A DSCR program with a 1:1 ratio on cash flow

  • Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days

  • 12 months reserves required and must be in a U.S. bank

  • ACH auto-payment is required

  • No sanction listed countries allowed and will not lend in Osceola County

  • Cannot reside in the United States

  • Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2

  • No gift funds allowed

SmartEdge

An attractive jumbo mortgage for those who are unable to secure traditional lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.

SmartEdge provides non-traditional features and flexible guidelines such as alternative income qualification and interest-only payments.
This loan product is attractive jumbo mortgage option for those who are unable to secure lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.

Key Features and Benefits:
For borrowers who don’t qualify for standard jumbo loans

  • Credit scores as low as 660 FICO

  • Up to $3 million loan amounts

  • Can have one late mortgage payment over the last 12 months

  • DTI up to 50%

  • 30-year fixed-rate and 30-year interest-only fixed rate terms available

  • 5/6, 7/6, 10/6 ARMs with interest-only options

SmartSelf

A smart option for self-employed borrowers seeking the home financing they need and wish to use bank statements to qualify.

SmartSelf allows self-employed individuals to use 12 or 24 months’ personal or business bank statements to support their income in qualifying for a mortgage.

Key Features and Benefits:

  • For borrowers who can support their self-employed income with bank statements

  • Income is calculated by averaging deposits shown on bank statements

  • Up to $3 million loan amounts

  • Can have one late mortgage payment over the last 12 months

  • 30-year fixed-rate and 30-year interest-only fixed rate terms available

  • 5/6, 7/6, 10/6 ARMs with interest-only options
    SmartSelf is a smart option for self-employed borrowers seeking the home financing they need and wish to use bank statements to qualify.

SmartVest

A smart option for experienced real estate investors with complex finances. Finance your next investment property owned for business purposes.

SmartVest offers investment property financing with flexible guidelines and attractive non-qualified mortgage features such as interest-only options.

Key Features and Benefits:

  • For borrowers who are experienced real estate investors looking to purchase investment properties

  • Income used to qualify based on cash-flows from property owned

  • Up to 20 financed properties allowed

  • No tax returns or tax transcripts required

  • No debt ratio calculation required

  • 30-year fixed-rate and 30-year interest-only fixed rate terms available

  • 5/6, 7/6, 10/6 ARMs with interest-only options

SmartVest is a smart option for experienced real estate investors with complex finances. Finances your next investment property owned for business purposes.

Investor Cash Flow

Credit scores starting at 600

Up to 80% LTV

Investor Cash Flow mortgage program allows your clients to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns.

  • Loans up to $1.5 million, Minimum loan of $75,000

  • Qualification based on property cash flow − Minimum DSCR 1.0

  • No DSCR needed with minimum 700 FICO and max 75% LTV

  • No personal income or employment information required

  • Properties can be in LLC’s name

  • No limit on total number of properties

  • Purchase and cash-out or rate-term refinance

  • 40 year fixed interest only available

  • Non-warrantable condos allowed

NEW CONSTRUCTION LOANS FOR REFINANCING

UP TO 97% POST CONSTRUCTION REFINANCING

LOANGIANT New Construction to Permanent Program

LoanGIANT is dedicated to supporting you with your new home purchase. We will help guide you with consistent communication throughout the process - providing personalized solutions, specific products, and local sales support to make financing a newly constructed home as easy as one, two, three (with a stress-free experience)!

Why LoanGIANT?

  • Knowledgeable Loan Consultants experienced with new construction financing

  • Wide array of loan products for homebuyers of newly constructed homes.

  • Extended rate locks for up to 12 months (with float down feature)

  • Expanded condo guidelines and a non-warrantable condo program

  • Escrow holdbacks for work completion

  • Permanent 15 or 30 year amortized Fixed or ARM home loan at the end when the C/O is issued.

  • Stop losing bids on existing homes and create your own, that you don't have to compete for or over bid to secure.

Builders and Developers Construction Loans

LoanGIANT is the Builders Choice mortgage lender for builders and developers. Throughout the process, we provide the support you and your buyers need – from communication during the process, personalized solutions, and local sales support with products to help you sell new home inventory quickly.
 

Why LoanGIANT?

  • Direct lender, mortgage originator, and loan servicer

  • Wide array of loan products for home builders and developers

  • Local dedicated builder-centric sales and operations

  • Upfront approvals and on-time closings

  • Extended rate locks for up to 12 months (with float down feature)

  • Expanded condo guidelines and a non-warrantable condo program

  • In-house condo project review and approval services

  • Dedicated builder appraiser panels

  • Digital tools for easy loan status and uploads

  • Escrow holdbacks for work completion

  • Ongoing training and education for builders’ sales teams

  • My Pipeline Connect: The Builder’s Web Portal for Loan Inventory with Caliber

  • Relationship Manager: Your local knowledgeable LoanGIANT Builder Loan Consultant & Divisional Builder Manager

Building Industry Professionals

LoanGIANT is dedicated to supporting building industry sales professionals. We provide support for all parties involved – including builders, industry professionals, and your homebuyer clients. This includes communication throughout the process, personalized solutions, local sales support, and more. We are committed to providing a great experience for you and your homebuyer!

Why LoanGIANT?

  • Ongoing sales training, education, and industry information – so sales teams are better equipped to assist new homebuyers

  • Local, dedicated, builder-centric sales and operations

  • Upfront approvals and on-time closings

  • LoanGIANT marketing and buyer outreach campaigns

  • My Pipeline Connect: The Builder’s Web Portal for Loan Inventory with LoanGIANT

  • Relationship Manager: Your Local knowledgeable LoanGIANT Builder Loan Consultant & Divisional Builder Manager

Newly Constructed Homes

LoanGIANT is dedicated to supporting you with your new home purchase. We will help guide you with consistent communication throughout the process - providing personalized solutions, specific products, and local sales support to make financing a newly constructed home as easy as one, two, three (with a stress-free experience)!

Why LoanGIANT?

  • Knowledgeable Loan Consultants experienced with new construction financing

  • Wide array of loan products for homebuyers of newly constructed homes.

  • Extended rate locks for up to 12 months (with float down feature)

  • Expanded condo guidelines and a non-warrantable condo program

  • Escrow holdbacks for work completion

Investor Fix &  Flip Loans

There is good money to be made in flipping houses, if you do it well, but there can be a financial barrier to getting started. Conventional mortgages were designed for long-term residences, which makes them ill-suited to investment property loans. As more investors entered the market to flip old properties, a new loan model was needed. The fix and flip loan was designed to fill that gap.

Fix and flip loans are short-term, real estate loans designed to help an investor purchase and renovate a property in order to sell it at a profit—generally within 12 to 18 months. Some investors use more conventional loans and lines of credit to finance their projects, but most fix and flip loans are hard money loans from individuals or private investors.

Fix and flip loans are most often used to purchase residential properties at auction or foreclosure, to finance renovations and upgrades, and to cover other expenses associated with the ownership of the property.

Fix And Flip Vs. Traditional Home Loans:

Traditional home loans and hard money fix and flip loans are both real estate loans, but they’re more different than they are alike:

Hard money fix and flip loansTraditional home loans

Duration6 to 18 months15 to 30 years

Interest rates12 to 18%2 to 4%

PurposeShort-term investmentLong-term residence

CollateralThe property in questionBorrower’s personal credit and property

Fix and flip loans are designed to do exactly what they’re named for: renovating and reselling a property in a short time period. Traditional home loans are long-term investments designed to help the borrower purchase a home that will serve them for decades.

Fix And Flip Vs. Construction Loans:

If you plan to do some construction while flipping a house, do you need a construction loan? What’s the difference?

Most flips involve some construction, and fix and flip loan funds can be used for all of those needs. A new construction loan, by contrast, is generally used for building entirely new residential or commercial properties, or for razing an existing building for all-new construction.

Despite the difference, many of the terms and processes are the same for both fix and flip loans and construction loans. That’s because the best option for both is often a hard money loan. As with flipping houses, new construction opportunities benefit from the flexibility and speed of hard money loans.

Advantages Of A Fix And Flip Loan:

It’s hard to overstate the advantages of a hard money fix and flip loan for investment properties.

  1. Fast funding — Investors bidding on foreclosures or auctioned properties need to have cash-on-hand quickly. Traditional home loans can take a month to process and deliver, but hard money fix and flip loans can provide funds within the week.

  2. Flexible terms — Hard money fix and flip loans from private investors are not tied to the same rigid structures, processes, and requirements as traditional banking institutions. Borrowers who don’t qualify for traditional loans can often still work with a hard money lender.

  3. Less risk — A traditional home loan is backed by your personal credit and property, but a hard money loan is backed only by the property for which it was granted. If the worst does happen, you won’t lose your home.

It’s no surprise that hard money fix and flip loans are powering so much of the real estate renovation industry, but there are also advantages to investors as well:

  1. Diversified portfolios — Especially in seasons when the real estate marketing is doing well, fix and flip loans are a great way for investors to diversify their portfolios.

  2. Security — Real estate is a secure investment in general. In the case of a fix and flip loan, the property is the security. If the borrower should default, the lender can possess the property and potentially work with another flipper to get it back on the market.

  3. Short terms — Most property flips are completed in 12 to 18 months, which means lenders can see the return on their investments relatively quickly.

When a visionary lender and a talented flipper come together, hard money fix and flip loans become the vehicle to everyone’s success.

Disadvantages Of A Fix And Flip Loan:

The only time a fix and flip loan might be to a borrower’s (or a lender’s) disadvantage is if the flip takes significantly more time than planned. Hard money fix and flip loans come with a relatively high interest rate, because they are intended for short life spans. If renovations take longer than expected, however, or if a completed project sits on the market for too long, those higher interest rates can start to become a burden on the borrower.

Ask about construction draws. Construction draws are the incremental drawing of funds from the approved loan amount to cover construction work being done on the property. Some hard money lenders may impose a “construction holdback,” which means the funds will not be released until work is in progress or completed. Make sure you know how quickly your chosen lender will release funds for construction work.

Count the cost. Before you apply for a fix and flip loan, know how much you need. Flipping a house is about more than the purchase and the renovation costs. There are also carrying costs and marketing costs, and you’ll want to cushion the budget a bit. Work out all five categories of cost on paper so you can show your lender that you’ve done the homework.

Schedule the project. Create a detailed schedule for the completion of your renovation. List the work to be done, when each stage will begin and end, and an estimate of what each portion will cost.

now what lenders look for. Hard money loans vary from lender to lender, so make sure you know what your chosen lender requires. What kind of insurance will you need? Do you need to establish an LLC? etc.

Getting Started With Fix And Flip Loans:

The term “fix and flip loan” can refer to a number of different real estate loan and financing options, but among experienced flippers it is virtually synonymous with “hard money loan.” That’s because hard money fix and flip loans, unlike financing options from traditional banking institutions, were designed specifically for the fast-moving world of real estate flipping.

If you’re thinking about flipping your first property, start by learning the market and how to estimate costs. When you’re ready to jump in, find a local hard money lender with a good portfolio.

If you’re looking for financing options for your next flip, and you haven’t used a hard money lender before, you may be very pleasantly surprised at how much faster and easier the process can be. There are nation-wide hard money lenders, but local partners are usually best.

And if you’re in Texas, we’d love to talk about your project. Contact us today or apply online.

Hard Money Fix & Hold Loans

Hard money fix and flip loans from a private investment group like Loan Ranger Capital.

 

Crowdfunded Money Fix & Hold Loans

Crowdfunding from specialized websites, which offer a kind of hard money loan with (usually) less flexibility.

 

Fix & Flip HEL Home Equity Lines of Credit

Home equity loans (HEL) from traditional institutions offer some options, but are less flexible and less generous.

 

Fix & Flip HELOC Home Equity Lines of Credit

Home equity lines of credit (HELOC) from traditional institutions offer some options, but are less flexible and less generous.

Acquisition LOC Lines of Credit

An acquisition line of credit is similar to a HELOC, but requires greater personal security. These are often not viable options for newer flippers. Home equity lines of credit (HELOC) from traditional institutions offer some options, but are less flexible and less generous.

REFINANCE SELLER FINANCING / CONTRACT FOR DEED

PATHS RENTERS CAN TAKE TO BECOME OWNERS

LOANGIANT Rent to Own Programs

Your journey to homeownership starts with us:

Rent your dream home while we help you save for a down payment. You can buy the home from us whenever you’re ready, or walk away and cash out your savings.

Rental Tenant Purchase from a Contract for Deed

The reality of the current South African economic climate is such that a considerably large number of bond applicants are unsuccessful, while sellers often experience difficulties in selling their properties at a desirable price. The rent-to-buy option is one that addresses both the buyer and seller’s concerns.

Rental Tenant Purchase from a Rent Only Lease

The rent-to-buy process:

The seller (the landlord) and the potential buyer (the tenant) agree to an arrangement whereby the purchaser/tenant pays a deposit to the seller/landlord, and both parties sign a lease agreement for a specified term at the end of which, the tenant will be able to elect whether or not to purchase. The agreement of lease will incorporate an agreement of sale setting out the terms thereof or an Offer to Purchase (OTP) can be attached to the lease. This OTP will then have a condition that it will only come into effect once the option to buy has been exercised by the tenant. The lease can also simply be a precursor to the sale (i.e. the tenant will not have the right of election at the end of the lease and the OTP will simply come into effect subject to the usual terms and conditions such as bond finance).

There are many advantages to this type of arrangement. The purchaser is given the opportunity to fully experience the property and surrounding area before committing to a purchase, and the seller has a greater assurance that the tenant will maintain the property to a high standard as he or she would be treating it as if it were their own because of their financial commitment.

Requirements of a rent-to-buy agreement

The most important requirement is to have an agreement in place that specifies the duration of the lease, after which the tenant may opt to continue to buy the property. Should the tenant wish to buy the property during the lease, the agreement should specify at what point he or she will be eligible to buy.