●
3% DOWN PAYMENT COMMUNITY HOME BUYERS PROGRAM
Designed for first time home buyers. This is the
minimum loan percentage a home buyer may give, in
conventional finance. Down payment has to be from the
buyer's own money. Gifts, and 3% seller contribution
for closing costs allowed. Excellent credit is
required, or no credit history is acceptable.
Qualifying ratios 28/36. One month PITI* reserve
required.
●
5% DOWN
PAYMENT-JUMBO LOANS
For loan amounts over $357,000
●
95% LTV**
CASH OUT REFINANCE
This is a non-conforming loan. Designed for
owner-occupied properties only. Some exceptions can be
done, at a minimal cost, for example: no income
verification, no assets verification, etc. Two months
PITI reserves are required. Homeowner has to have an
equity of 5%. With this program the Borrower can
refinance the actual mortgage and obtain additional
money.
●
10% DOWN PAYMENT-
INVESTMENT PROPERTY 1-4 UNITS.
Borrowers must have
excellent credit and the necessary income.
●
20% DOWN
PAYMENT-FOREIGN NATIONAL (CONVENTIONAL AND JUMBO)
●
10% DOWN
PAYMENT-LTV, NO RATIOS, NO 4506 (SELF-EMPLOYED,
RETIRED, SALARIED)
Particularly designed for
the buyer who cannot document his economical or
financial life in a satisfactory manner to obtain
financing. Does not require to verify income taxes
with the IRS. Competitive market rates and loan terms
are offered.
●
80% LTV,
NO-INCOME VERIFICATION, NO 4506 (SELF-EMPLOYED,
RETIRED, SALARIED)
Stated or non-stated income
is not verified. Also designed for the buyer who
cannot document his economical or financial life in a
satisfactory manner to obtain financing. Does not
require to verify income taxes with the IRS.
Competitive market rates and loan terms are offered.
●
70%
LTV, NO-INCOME, NO-ASSET
This is also called a Lite Doc. loan. It is based on
buyers credit, which must be excellent. It is mainly
designed for self-employed people.
●
100%
FINANCING, NO DOWN PAYMENT NEEDED.
● RESIDENTIAL
CONSTRUCTION LOANS
Short term loans designed for single family residence,
duplex, multifamily, etc. Borrowers must have at least
10% down from their own funds. Payment is interest
only.
● HOME IMPROVEMENT LOANS,
NO EQUITY*** NEEDED
We have different plans
to accommodate the borrowers needs, like loans based
on 100% or 125% of the property market value. We
feature FHA Title 1 programs, a government program to
help homeowners improve their homes.
●
LOANS FOR
INDIVIDUALS IN FORECLOSURE
Borrowers can obtain up to
70% of the market value of their home. Rates are
competitive.
●
EQUITY LINES
Borrowers can obtain up to 100% of the value of their
home. Make use of the amount needed, and make payments
only on the used amount.
●
BAD & NO CREDIT
LOANS
We have several plans for
people with bad credit or no credit at all.
●
NO ESCROW
PROGRAMS
This plan is tailored for
Borrowers that do not desire to pay monthly escrow.
Borrowers can pay their own taxes and insurance.
*PITI - Principal, interest, taxes,
and insurance.
**LTV - Mortgage amount divided by property market
value.
***EQUITY - Difference between property market value
less actual mortgage amount or balance. |
