LOANGIANT HAS FINANCE PROGRAMS FOR EACH PROPERTY TYPE BELOW:
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DETACHED DWELLINGS:
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Detached house or single-family detached house
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ATTACHED / MULTI-UNIT DWELLINGS:
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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.
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Multi-family house – Often seen in multi-story detached buildings, where each floor is a separate apartment or unit.
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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.
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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.
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Duplex – Two units with one shared wall.
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PORTABLE DWELLINGS:
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Mobile homes or residential caravans – A full-time residence that can be (although might not in practice be) movable on wheels.
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Houseboats – A floating home
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COMMERCIAL:
PRE-QUALIFY
For a Mortgage or Bridge Loan before you buy.
Before shopping for a home, understanding the benefits of a loan pre-qualification.
LOAN PRODUCTS FOR:
PURCHASING REAL ESTATE
CONVENTIONAL HOME LOANS FOR PURCHASING
LOANGIANT GO
Conforming Fixed
Conforming ARM
High Balance Fixed
High Balance ARM
HomeOne
Home Possible
HomeReady
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CONVENTIONAL HOME LOANS
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GOVERNMENT
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JUMBO
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REFINANCE
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NON-QM
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GOVERNMENT HOME LOANS FOR PURCHASING
FHA 203(h) Fixed
FHA 203(h) High Balance Fixed
FHA ARM
FHA Fixed
USDA Rural Housing Fixed
VA High Balance Fixed
VA High Balance ARM
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CONVENTIONAL HOME LOANS
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GOVERNMENT
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JUMBO
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REFINANCE
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NON-QM
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JUMBO HOME LOANS FOR PURCHASING
CONVENTIONAL HOME LOANS
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REFINANCE
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NON-QM
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NON-QM HOME LOANS FOR PURCHASING
LOANGIANT NON-QM GO
No Verification Bank Statement Loans
Bank Statement Jumbo Home Loans
Self Employed Home Loans
Foreign National Home Loans
SmartEdge
SmartSelf
SmartVest
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CONVENTIONAL HOME LOANS
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GOVERNMENT
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JUMBO
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REFINANCE
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NON-QM
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LOANGIANT Sprint
Refi Possible
RefiNow Fixed
FHA 203k High Balance Fixed
FHA High Balance ARM
LOANGIANT HELOC Home Equity Line
Refi R/T Rate and Term
Refi Cashout
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CONVENTIONAL HOME LOANS
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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.
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.
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.
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.
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.
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:
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Low down payments beginning at just 3% of your total loan payment.
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You may qualify with a minimum 620 FICO score
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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)
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No income or geographic restrictions, so you're free to shop for a home within the neighborhood you prefer.
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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® 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:
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Down payments of as low as 3%.
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Credit scores as low as 620 are accepted.
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Fixed-rate financing for easier budgeting.
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Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).
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Temporary buydowns can reduce your starting interest rate for 1-2 years.
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Co-borrowers who do not live in the home can be included in a one-unit residence.
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Homebuyer education is required for first-time buyers.
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Down payments as low as 3% depending on your loan amount.
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:
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Down payments as low as 3%.
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Credit scores as low as 620 are accepted.
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Permits family or friends to co-sign the loan.
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Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, condominiums and homes in Planned Unit Developments (PUDs).
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Properties in high-cost areas may qualify.
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Homebuyer education is required.
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:
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You may qualify for renovation fund amounts from $5,000 up to 75% of your home's post-renovation value.
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Lower closing costs, since you’re closing a single transaction.
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Several property types are allowed, including single-family homes, 2-4 unit properties, modular homes, second homes, and homes in Planned Unit Developments (PUDs).
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Fixed- and adjustable-rate mortgage options.
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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.
LOANGIANT®
Instant Approval
Loan Call Centers
US: +1 (800) 929-6110
SA: +27 071 083 8499
FHA GOVERNMENT HOME LOANS FOR PURCHASING
WITH AS LITTLE AS 3.5% DOWN
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.
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.
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.
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For the purchase or reconstruction of owner-occupied single family homes.
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Up to 100 percent financing available.
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Seller paid closing costs permitted, up to 6 percent.
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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.
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Choose from Fully Amortizing Fixed Rate or 5/1 Hybrid ARM.
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10 year, 15 year, 20 year, 25 year, and 30 year term options.
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Single Family Residence, Manufactured, FHA Approved Condos, PUDs.
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Primary Residence Only.
What are the benefits?
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Available to renters as well as homeowners.
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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.
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Does not need to be used right away.
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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.
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Can choose to rebuild or move on.
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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
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Ensure your safety and the safety of your family; be sure your residence is safe before returning to inspect any damage.
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Record the details of your damage, document with photos.
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Locate any important documents you may need for seeking assistance.
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Contact your homeowner’s insurance provider to understand your coverage, file a claim and meet with an adjuster.
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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.
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Contact LoanGIANT to report your insurance claim information and learn what hardship options may be available under your loan program.
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Loss Draft (Insurance Claim Payment Processing) Department: 800-929-6110
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Homeowner Insurance Department: 800-929-6110
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Customer Service: 800-929-6110
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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
National Voluntary Organizations Active in Disaster (VOAD)
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:
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Credit scores from 620 are allowed.
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You are required to finance at least $5,000 of renovation/repair work.
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The total loan amount depends on several factors, including which Rehab loan is best for you!
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Eligible properties include single-family homes, 2-4 unit properties, modular homes, and Planned Unit Development (PUD) properties.
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Fixed-rate, 30-year loans keep your monthly budgeting simple.
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:
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Minimum 620 credit score requirement.
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A new property appraisal may not be required.
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You may qualify to finance energy-efficient improvements for your home.
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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:
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Available for Purchase or Refinances*
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Available for eligible homebuyers
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Zero down payment (or very low-down-payment)
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Competitive fixed rates
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No cash reserves required
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Guarantee fee can be financed
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Closing costs can be paid by Seller
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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:
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Little or no-down-payment
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Minimum credit of 620 is required for fixed-rate financing.
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Borrowers with credit scores from 580 to 619 are subject to stricter guidelines.**
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Adjustable-rate mortgages (ARMs) require a minimum 620 credit score.
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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.
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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).
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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.
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:
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An easy way to lower your monthly payments if the interest rate has decreased since you got your original VA loan.
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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.
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No appraisal is required.
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No need to verify your income.
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Your VA entitlement is re-used, so your amount is not affected.
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The VA funding fee is lower than on original VA loans.
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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.
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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.
LOANGIANT®
Instant Approval
Loan Call Centers
US: +1 (800) 929-6110
SA: +27 071 083 8499
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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.
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!
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Loans up to $3 million, Minimum loan of $250,000
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Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
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Owner-occupied, second homes, and non-owner occupied
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Purchase and cash-out or rate-term refinance
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Full doc only
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40 year fixed interest only available
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One year tax return program
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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.
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Loans up to $2.5 million
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One year seasoning for foreclosure, short sale or deed-in-lieu
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Two years seasoning for bankruptcy
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Purchase and cash-out or rate-term refinance
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Owner-occupied, second homes, and investment properties
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Up to 50% DTI
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Gift funds allowed
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40 year fixed interest only available
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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.
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Loans up to $3 million, Minimum loan of $250,000
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No employment, no income, no DTI
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Rates are 30-year fixed
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Five years seasoning foreclosure, short sale or bankruptcy