Fixed Rate Loans
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30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
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Buy a home with as little as 5% down (primary home).
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Refinance up to 95% of your primary home's value.
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Monthly payments remain the same for the entire loan term.
Adjustable Rate Loans
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3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
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The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
Jumbo Loans
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Minimum credit score 700
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30 and 15 year fixed rates
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Minimum loan amount $715,201
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Requires down payment as low as 20%
FHA Loans
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3.50% minimum down payment required on purchase.
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Minimum credit score usually 620.
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Post-bankruptcy qualifying - 2 years after.
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Post-foreclosure qualifying - 3 years after.
DSCR Loans
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DSCR Ratio - (how well the property cash-flows) - We will finance properties with a ratio of 0.75 and higher.
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The applicant's middle FICO score
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Size of the down payment.
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Prepayment Penalty (optional) - Options include: no prepayment penalty, 1 year, 2 year, or 3 year (ask your Loan Originator for details)
Private Money Loans
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We lend up to 100% of purchase price when it makes sense. Construction draws are sometimes available on homes with excellent ARV potential.
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We lend up to 80% Loan-to-Value (LTV) on cash-out refinances. We use multiple factors to establish current value.
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We lend on Investment Properties, Commercial Properties, and Primary Residences.