LOANGIANT GO

Open the door to faster closing times on purchase loans with LoanGIANT Go.

Do you want to streamline purchase loan closing and get your clients into their new homes with less stress and shorter wait times? LoanGIANT has created LoanGIANT Go to help you do just that.

LoanGIANT Go empowers you to close loans fast – in as little as 14 days.*

Key Features, Guidelines, and Benefits

• Rapid turnaround for purchase loan customers

• Must have a minimum FICO® credit score of 700

• LTV as determined by AUS

  • Homebuyer education is required for borrowers with LTV >95%

• MI required for LTV >80%

• No secondary financing allowed

• Form W-2 requires salaried income and projected income, no part-time or other income

  • No self-employed income allowed for qualification

  • Child support and alimony income is allowed

• Eligible variable income types

  • Bonus, overtime, commission, and tips allowed

• Acceptable appraisal or appraisal waiver as determined by AUS

• Debt-to-income ratio (DTI) allowed as determined by AUS

Property Types 

• • Owner-occupied, single-family residence, and planned unit development (PUD) detached/attached properties and site condos

  • Multiple properties allowed

*Some loan applications are not suited for digital delivery of asset, income, employment, and other documentation required for loan approval. Processing and closing times vary depending on the nature and complexity of the transaction.

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Non-Conforming 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

Offer your borrowers more financing solutions by partnering with LoanGIANT ("LoanGIANT"). We’ll instantly empower you to serve more borrowers and provide them with more options.* 

Property Types 

• • Single-family (detached, attached)

  • Planned unit development (PUD) (detached, attached)

  • Warrantable condominium (detached, attached)

  • Modular home

  • Manufactured home

  • 2-4 Units

  • Single-unit cooperative (refer to Cooperative Share Loan Guidelines).

FICO®/Credit Score

• 620 regardless of automated underwriting system (AUS) findings

• 640 for manufactured homes

• When borrowers don’t meet the credit score guidelines, non-traditional credit is allowed. Refer to Non-Traditional Credit Requirements for more information.

Occupancy

• Primary residence

• Second-home

• Investment property

We'll work hard to close your loan as quickly as possible so you can support your borrowers. Join us to get started today.

*Guidelines subject to change. Refer to AllRegs® for details.

 

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

When you are looking for a true partner, LoanGIANT ("LoanGIANT") offers a wealth of advantages and expertise. Our Conforming ARM empowers you to meet more borrowers' needs.*

Property Types 

• Single-family (detached, attached)

• Planned unit development (PUD) (detached, attached)

• Warrantable condominium (detached, attached)

• Modular home

• 2-4 units

• Single-unit cooperative (refer to Cooperative Share Loan Guidelines)

FICO®/Credit Score

• 620 regardless of automated underwriting system (AUS) findings

• When borrowers don’t meet the credit score guidelines, non-traditional credit is allowed. Refer to Non-Traditional Credit Requirements for more information.

Occupancy

• Primary residence

• Second-home

• Investment property

*Guidelines subject to change. Refer to AllRegs® for details.

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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

High-Balance Fixed Rate Mortgage (FIXED)

New homeowners often have additional (and sometimes unexpected) expenses during the first years of ownership. This is especially so when their new home is larger and requires more furnishing. You can offer your borrowers more options with a high-balance fixed loan (HBL).*

Property Types 

• Single-family (detached, attached)

• Planned unit development (PUD) (detached, attached)

• Low warrantable condominium (detached, attached)

• High warrantable condominium (detached, attached)

• Modular home

• 2-4 units

• Single-unit cooperative (refer to Cooperative Share Loan Guidelines)

FICO®/Credit Score

• 620 regardless of automated underwriting system (AUS) findings (minimum FICO requirement may be higher depending on loan parameters).

• When borrowers don’t meet the credit score guidelines, non-traditional credit is allowed. Refer to Non-Traditional Credit Requirements for more information.

Occupancy 

• Primary residence

• Second-home

• Investment property

LoanGIANT ("LoanGIANT") is committed to providing you with the best tools to help more borrowers get into their dream homes.

*Guidelines subject to change. Refer to AllRegs® for details.

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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. 

 

High Balance ARM

High-Balance Adjustable-Rate Mortgage (ARM)

LoanGIANT ("LoanGIANT") believes in providing our Wholesale Business Partners with an ever-expanding inventory of lending solutions. Our High-Balance ARM loan may meet your borrowers' needs.*

Property Types 

• Single-family (detached, attached)

• Planned unit development (PUD) (detached, attached)

• Low warrantable condominium (detached, attached)

• High warrantable condominium (detached, attached)

• Modular home

• 2-4 units

• Single-unit cooperative (refer to Cooperative Share Loan Guidelines)

FICO®/Credit Score

• 620 regardless of automated underwriting system (AUS) findings (minimum FICO requirement may be higher depending on loan parameters).

• When borrowers don’t meet the credit score guidelines, non-traditional credit is allowed. Refer to Non-Traditional Credit Requirements for more information.

Occupancy 

• Primary residence

• Second-home

• Investment property

LoanGIANT High-Balance ARM may be the perfect fit for your client. Join us today to find out more!

*Guidelines subject to change. Refer to AllRegs® for details.

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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. 

 

HomeOne

Freddie Mac First Time Homebuyers (FHLMC) Federal Home Loan Program

Help first-time homebuyers overcome down payment barriers with a HomeOne loan. This Freddie Mac program offers down payments as low as 3%, along with relaxed income requirements.

Home Possible® also allows for an Affordable Second®, a secondary loan from a nonprofit group, state agency, or county agency. This helps give your client access to more funding.

For your clients who already have a Freddie Mac mortgage, you may be able to get them better rates or change the terms of their loan. HomeOne also offers no cash-out refinancing on existing Freddie Mac loans.*

Key Features and Benefits

• Low down payments beginning at just 3%

• No income or geographic restrictions

• Allows both Affordable Second and other secondary financing per the Single-Family Seller/Servicer Guide requirements

• Refinancing to those with a Freddie Mac mortgage

Property Types

• Single-family (detached, attached)

• Condominium

• Modular home

• Manufactured home**

• Single-unit cooperative (refer to Cooperative Share Loan Guidelines)

• Planned unit development (PUD) (detached, attached)

FICO®/Credit Score

• Credit scores as low as 620 are accepted

Additional Requirements

• First-time buyers must complete Homebuyer Education

LoanGIANT Home Loans, Inc. ("LoanGIANT") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a LoanGIANT Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details..

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

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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.

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Home Possible

Freddie Mac Low Income Homebuyers (FHLMC) Federal Home Loan Program

The Home Possible mortgage from Freddie Mac offers options and credit flexibilities to help low- to moderate-income borrowers buy a home. It has a low down payment requirement (as low as 3%) and easier credit score requirements.

Freddie Mac continues to add more options to the Home Possible program, increasing its flexibility and making it a loan to consider for many borrowers. For example, co-signers don’t have to live in the same home, borrowers can own an additional financed property, and down payments can come from a variety of sources.

Home Possible also allows for an Affordable Second®, a secondary loan from a nonprofit group, state agency, or county agency. This helps give your client access to more funding.*

Key Features and Benefits 

• Low down payments beginning at just 3%

• Fixed-rate financing for easier budgeting

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

• Borrowers can own one additional financed property

• Down payment can come from a variety of sources including family, employer-assistance programs, secondary financing, and sweat equity

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

Property Types 

• Single-family (detached, attached)

• 2-4 unit

• Condominium

• Modular home

• Planned unit development (PUD) (detached, attached)

FICO®/Credit Score 

• Credit scores as low as 620 are accepted

Additional Requirements 

• First-time buyers must complete Homebuyer Education

LoanGIANT ("LoanGIANT") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a LoanGIANT Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details.

​

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.

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HomeReady

Fannie Mae First Time Homebuyers (FNMA) Federal National Mortgage Associate

Fannie Mae’s HomeReady program is a great option for clients with low to moderate incomes. This loan can be used to buy or refinance a home and typically has low down payment requirements. The co-borrower requirements are also flexible, allowing for cosigners who won’t be living in the home, such as parents of adult applicants.*

Key Features and Benefits 

• Down payments as low as 3%

• Permits family to co-sign the loan

• Properties in high-cost areas may qualify

Property Types 

• Single-family (detached, attached)

• 2-4 unit

• Condominium

• Modular home

• Planned unit development (PUD) (detached, attached)

FICO®/Credit Score 

• Credit scores as low as 620 are accepted

Additional Requirements 

• First-time buyers must complete Homebuyer Education

 

LoanGIANT ("LoanGIANT") makes it easy for our Wholesale Business Partners to put borrowers in their dream homes. We’re available to answer any questions you may have and provide direct access to the entire application process online.

Once you’re a LoanGIANT Business Partner, you’ll have immediate online access to the entire application process and all related forms. No paper, no traveling, and no mailing. We have the tools to help your clients close quickly.

*Guidelines subject to change. Refer to AllRegs® for details.

​

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. 

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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.​