1ST TIME HOME BUYER LOANS
CONVENTIONAL 3% DOWN (Home Possible Advantage)
A Great option for home buyers looking to purchase with a low down payment option.
Up to 97% LTV/Loan To Value
Available for 1st time home buyers, borrowers changing their primary residence, and retirees
Refinance up to 97% LTV, regardless of current mortgage program
No income cap limits for Under-served Areas
No reserve requirements for 1-unit properties
PLATINUM DOWN PAYMENT ASSISTANCE GRANT ($0 DOWN)
FORGIVABLE down payment assistance of up to 5% of your loan amount to cover your down payment and/or closing costs.
Available throughout California
Is forgiven after 3 years as long as you do not refinance or sell your home within that time frame
Grant sized up to 5% of the loan amount
Program is NOT limited to 1st-time home buyers
Available with various mortgage loans such as FHA, Conventional, VA, & USDA and
NOW available with eligible refinances.
CalHFA DOWN PAYMENT ASSISTANCE LOANS
Receive Up To A Combined Amount Of 7.5% of Your Purchase Price In Down Payment assistance To Cover Your Down Payment and/or Closing Costs.
Available throughout California!
Receive up to 7.5% of your purchase price to use towards your down payment/closing costs.
2nd or 3rd loan with deferred payments and low/no interest
Program not limited to first time home buyers
Available with various mortgage loans like FHA & Conventional
VA 0% DOWN
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No upfront or monthly mortgage insurance fee or premium
No down payment necessary!
Flexible requirements and underwriting guidelines
Not limited to 1st time home buyers
FHA w/ MINIMUM FICO of 500
One of our Low Down Payment Options For Borrower's With A Low fico/credit score
Min. Fico/Credit score 500+
Low down payment option
Wholesale rates available
FHA 3.5% DOWN
Low down payment option for 1st time home buyers and buyers changing their primary residence
Min. Fico/Credit Score 580+
Wholesale rates available
Low down payment option of 3.5% down
Not limited to first time home buyers
Flexible underwriting guidelines
100% gift funds for down payment ok
Can be used in combination with down payment assistance programs
BANK STATEMENTS ONLY LOAN (NO TAX RETURNS REQU.)
A great option for borrowers that have an issue showing income on their tax returns. Great for self employed buyers!
No payment shock
Loan amount $100K to $3M
Maximum cash out $2M
W-2 co-borrower is allowed with income and employment traditionally verified
Personal or business statements
Debt-To-Income ratio up to 50%
Statements for the most recent 12 month period required
Retirement income is usable with verification (1099, award letter, etc.)
15 & 30 year fixed, 5/1, 7/1, 10/1 ARM. Interest only available on ARMs**
No ownership seasoning requirement for cash-out refinance
Cash out from subject may be used towards reserves
Gift Funds and Gift of Equity allowed (refer to guidelines)
REAL ESTATE INVESTOR LOAN
Purchase or refinance options for the seasoned real estate investor. Qualify solely using the cash flow from the subject property, no income documents necessary. Unlimited amount of financed properties!
Employment and income not disclosed on your loan application
Debt-To-Income ratio not calculated
Loan qualification based on the cash flow of the subject property (Debt Coverage Ratio)
5/1, 7/1, 10/1, 15 and 30 year fixed. Interest only available on 5/1 ARM*
Borrowers may own an unlimited number of financed properties
Maximum (Loan To Value)LTV/CLTV/HCLTV 80%
Cash out up to $2M
No ownership seasoning requirement for cash-out refinance
Loan amount up to $2.5M
Gift Funds / Gift of Equity allowed (refer to guidelines)
Perfect loan for borrowers who acquired investment properties paying all cash (recoup some cash) or borrowers who used hard money loans to acquire real estate.
ASSET QUALIFICATION LOAN
Perfect for high net worth buyers that hold various asset classes
Employment and Income are not required to be disclosed on your loan application
Loan amounts of $100K to $3M
Maximum cash out refinance up to $2M
Loan qualification based on verified liquid assets
15 & 30 year fixed, 5/1, 7/1, 10/1 ARM Interest Only available on ARMs**
Debt-To-Income ratio not calculated
Payment shock not calculated
Assets can be cash in the bank, stocks, bonds, IRAs, 401Ks, mutual funds or retirement accounts
Asset levels in the verified accounts are expected to be consistent and sustained
No ownership seasoning requirement for cash out refinance
Gift Funds & Gift of Equity allowed (refer to guidelines)
& MUCH MORE AVAILABLE!
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