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Conventional
Traditional loan
programs that usually require 5% down and offer
competitive interest rates. Documentation and
fair-to-good credit are necessary.
You can now qualify for
Conventional rates at many of our lenders with
ZERO down by structuring your loan as a 75/25.
Call me for additional details.
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Negative Amortization (Option ARM's)
With as little as 5%
down you can qualify for a Negative Amortization
ARM. With start rates as low as 1% these
are attractive loans for individuals and
investors who like options on what payment they
want to make each month. With most option
ARM loans you have 4 payment options each month:
a minimum payment of 1%, interest only, 30 year
fixed or 15 year fixed. Every month you
get to choose your payment. Negative
amortization is normally capped at 110%.
Call me for additional details.
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No Income Verification
Loans where your income
is not requested or verified. With good
credit you can do a 80/20 or 75/25 loan with no
verification of income or assets. There
are several varieties of the "no-doc" loan
today. The type of loan that is best
suited for a particular borrower depends on that
borrower's situation. Some borrowers
choose not to disclose employment, income, or
asset information, while others may be willing
to disclose employment and asset information but
not income. Still others might be willing
to disclose income but select a program that
does not calculate debt-to-income ratios,
allowing those borrowers to exceed the
traditional guidelines in order to qualify for a
larger mortgage amount. With all the
different variations of the no-doc loan, there
is definitely a mortgage program for today's
non-conventional borrowers.
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No
Down Payment
0% down payment
required and closing costs paid by the borrower
(seller can contribute up to 6% towards closing
costs). We have many different programs
for 0% down customers.
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Credit Problems
Troubled credit?
Bankruptcy? Been turned down somewhere else? We
offer loan programs for customers with credit
problems.
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80/15/5
This is a loan which
carries a second mortgage for up to 15% of the
purchase price of the property. It is
usually used when wishing to avoid PMI insurance
or to keep your first mortgage under the FNMA/FHLMC
limit to avoid Jumbo rates. The borrower
puts down a 5% down payment and then finances a
first mortgage up to the FNMA/FHLMC limit and a
second mortgage of up to 15% of the purchase
price. Other variations are 80/10/10 or
75/15/5.
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Jumbo
Loans
Offers 30 and 15 year
fixed rate mortgage and competitive ARM products
with full document, alternate documentation and
limited documentation.
Cash out and No cash out refinance are
allowable. Single family detached,
Condo's, PUD's and single-family second homes
can be financed with no prepayment penalty.
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Challenged Credit
Loans
These mortgages are for
borrowers with less-than-perfect credit.
They can vary from slightly damaged credit to
severely damaged. Regardless of your situation,
we have a mortgage that will get you back on
track.
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Second Mortgage
Loans
Subordinate to the
first mortgage, these loans offer the borrower
the ability to get money for home improvement,
debt consolidation, or many other reasons
without disturbing their first mortgage.
Convenient when you have a low interest first
mortgage.
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Construction Loans
Building a new home can
be an exciting prospect - unless you get caught
up in a construction loan approval process that
is overly complicated and time consuming.
With this loan, we will finance up to 90% of the
cost of land plus the costs of construction.
We offer a one-time fixed rate closing or
traditional ARM products.
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Investor Loans
Used to finance 1-4
family properties that will be for investment
with as little as a 10% down payment.
Aggressively priced, these programs have many
variations, including: No Doc, Limited Doc, and
Full Doc.
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Flex 97% &
Flex 100
Similar to FHA, but
without maximum mortgage amount limitations.
Must be a single family, owner occupied home and
borrower must have a credit score of over 680.
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