Niche Loan Programs

BANK STATEMENTS TO $3,000,000

  • 5000-ELITE-12BS - 700 Min FICO – 12 Mo. Personal/Business Statements up to 75% LTV – Rates as low as 4.75%*
  • 5000-12BS - 680 Min FICO – 12 Mo. Personal/Business Statements up to 85% LTV – Rates as low as 5.50%*
  • 5000-ELITE-24BS - 700 Min FICO – 24 Mo. Personal/Business Statements up to 75% LTV – Rates as low as 4.50%*
  • 5000-24BS - 660 Min FICO – 24 Mo. Personal/Business Statements up to 90% LTV – Rates as low as 5.125%*
  • 5000-24BS-NP - 580 Min FICO – 24 Mo. Personal/Business Statements up to 85% LTV – Rates as low as 5.75%

 NON-PRIME FULL DOC TO $3,000,000

  • 5000-ELITE-FD - 680 Min FICO – 5 Yrs BK, 5 Yrs Short Sale/Foreclosure up to 85% LTV – Rates as low as 4.375%*
  • 5000-NP - 600 Min FICO – 2 Yr BK, 2 Yr Short Sale/Foreclosure up to 95% LTV – Rates as low as 5.25%*
  • 5000-RH - 500 Min FICO – 1 Yr BK, 1 Day Short Sale/Foreclosure/BK up to 85% LTV – Rates as low as 5.75%*
  • 5000-WVOE - 620 Min FICO – 2 Yr BK Short Sale/Foreclosure up to 80% LTV – Rates as low as 5.125%*

 INVESTOR - NO INCOME LOANS TO $3,000,000

  • 5000-INV-PP - 640 Min FICO – No Income/No Employment/No Reserves Up to 75% LTV – Rates as low as 6.50%*
  • 5000-INV-DTI-PP - 620 Min FICO – No Employment/No Reserves/Qualify on Rental Survey Up to 80% LTV – Rates as low as 6.25%*
  • 5000-INV-FN-PP - Foreign National Borrower – No FICO/No Income/No Employment/No Reserves Up to 75% LTV – Rates as low as 7.625%*
  • 5000-INV-DTI-FN - Foreign National Borrower – No FICO/No Employment/No Reserves/Qualify on Rental Survey Up to 75% LTV – Rates as low as 7.25%*

NEAR PRIME FULL DOC TO $3,000,000

  • 5000-1YR TAX - 660 Min FICO – 24 Mo. BK, 24 Mo. Short Sale/Foreclosure up to 85% LTV – Rates as low as 5.25%*

 FOREIGN NATIONAL FULL DOC TO $3,000,000

  • 5000-FN - No FICO – Income Docs up to 75% LTV – Rates as low as 6.125%*

 ITIN FULL DOC TO $1,000,000

  • 5000-ITIN - No FICO – Cash Out – Full Doc up to 90% LTV – Rates as low as 7.5%*

 ASSET DEPLETION FULL DOC TO $1,000,000

  • 5000-AU - 680 Min FICO – Full Doc up to 75% LTV – Rates as low as 5.375%*

 Traditional Conforming, Govt. & Jumbo Programs 

  • All Conventional and High Balance Conforming programs (up to 10 properties financed)

  • FHA Financing

  • Non-Owner Occupied 85% LTV - Purchase, Rate/Term, & Streamline

  • 95% LTV Conventional Conforming loan

  • Jumbo - 80% LTV to $2MM - 10/1, 7/1, 5/1 - fully amortized ARM’s with interest only option

  • VA (Veteran’s Administration) Loans

Types of Loan Programs

Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
 
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
 
Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
 
FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
 
VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
 
Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
 
Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.
 
Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.
 
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.