Mortgage Products.

Conventional Mortgages 97% LTV

• Purchases up to 97% LTV first time Homebuyers
• Refinances up to 95% LTV Cash out refinance 80% LTV
• 95% LTV for anyone who has owned a home in last 3 years
• Minimum credit score requirement 620
• Requires PMI when LTV over 80%
• 1-4 unit properties
• 2-4 units require 25% down payment

VA 0% Down No PMI

• Zero down payment
• No PMI
• Minimum credit score 580
• Honorable Discharge with certificate of eligibility
• Must be owner occupied home

Home Possible (Freddie) 3 % Down

• 1st time Buyers, Conventional Mortgage requiring 3% down payment
• PMI with discounted rate
• Better than normal rates
• Not have owned a home for 3 years
• Maximum Income requirements 80% of median income in area

Conventional Homestyle Rehab

• LTV of 75% purchase or 70% LTV refinance
• 1-4 units only
• 620 minimum credit score
• 6 months reserves in liquid assets

USDA Rural Housing 0% Down

• Zero down payment
• 640 minimum credit requirements
• Must be in USDA approved towns (call)
• Maximum income requirements (call)
• Debt ratios 29%-40%
• Less than normal PMI

FHA 203b

• Purchases up to 96.5% LTV
• Refinance cash out to 80% LTV
• Minimum credit score requirement 580
• 1-4 units all 3.5% down payment
• 3-4 units require 3 months reserves in bank after closing
• Debt ratio as high as 55%
• Must be owner occupied home

FHA 203k Rehab

• Purchase or refinance up to 96.5% LTV
• Minimum Credit Score 620
• 1-2 units only
• Max debt ratio 50%
• Streamline or Full rehab
• Must be owner occupied home

Reverse Mortgages

• Must be 62 years of age
• Call for all other details and get an estimate

Self-Employment Bank Statement Program

• Minimum credit score requirement 660
• Provide bank statements for last 24 months
• All deposits multiplied by 50% used for income
• Loans up to $3,000,000

FHA with Grant for Down payment

• 1% to 3% down payment available
• 620 min credit score
• Rates are higher than standard rates(call)
• Single family units only
• Max Debt ratio
• Must be owner occupied home