Loan Products
Conventional Loans
Conforming Fixed
- Up to 95% financing
- Up to 80% LTV on cash-out
- Non-occupant co-borrower permitted
- Primary, second home, investment
- Single Family, 2-4 unit, PUD, condo, manufactured
- 2-1, 1-0 Seller paid buydown on fixed; primary and secondary
Freddie Mac Home Possible
- 97% LTV,
- 1-4 unit, PUD, condo, Co-op, manufactured
- Gift funds acceptable
- More affordable MI
- Lower loan-level price adjustments
- 2-1, 1-0 Seller paid buydown on purchase
Fannie Mae HomeReady
- 97% LTV,
- 1-4 Unit, PUD, condo, Co-op, manufactured
- Income from Accessory Dwelling Units and Boarder Income acceptable
- Gift funds acceptable
- More affordable MI
- Lower loan-level price adjustments
- 2-1, 1-0 Seller paid buydown on purchase
Fannie Mae HomeStyle Rehab Loan
- 95% LTV of the “as-completed” value
- 85% LTV on 1-unit investment, 90% on a 1-unit second home
- Owner-occupied 1-4 unit, PUD, condo, manufactured
- Luxury renovations, like pool or outdoor living area
- Streamlined program available for pool, pool decking, or fencing/netting only
Freddie Mac CHOICERenovation
- 95% LTV of the “as-completed” value
- 85% LTV on 1-unit investment, 90% on a 1-unit second home
- Owner-occupied 1-4 unit, PUD, condo, manufactured
- Luxury renovations, like pool or outdoor living area
- Streamlined program available for pool, pool decking, or fencing/netting only
FHA Loans
FHA Loan
- 550 min FICO
- Purchase, Rate/Term, cash-out, Streamline
- Attached/detached SFR, 2-4 unit, manufactured
- Single-Unit Approved condos, DELRAP available
- Manual underwrite on AUS Refer
- 2-1, 1-0 Seller paid buydown on fixed
FHA 100% Financing
- FHA first lien PLUS concurrent second lien for 100% CLTV
- Minimum 600 FICO
- Standard 30-year fixed rate FHA first lien
- No First-Time Home Buyer requirement
- No Income Limits
- Easy Underwrite! First lien and second lien have the same guidelines
- AUS approval required (no manual underwriting)
FHA 203k Renovation
- 620 FICO, even on High Balance
- Purchase or Refinance
- SFR, PUD, condo, 2-4 Unit, manufactured
- Manual underwriting available
- Update kitchen/bath, modernize, deferred maintenance
- Appraiser required repairs allowed
VA Loans
VA Loan
- 550 FICO, up to 100% LTV to $1M
- Jumbo to $2.5 million – 90% LTV, 700 FICO
- Purchase or cash-out
- Attached/detached SFR, 2-4 unit, PUD, VA-approved condo, manufactured
- Manual underwrite on AUS Refer
- 2-1, 1-0 Seller paid buydown on fixed
VA IRRRL
- 550 FICO up to $1 million
- Jumbo to $2.5 million
- Primary, second home, investment
- Attached/detached SFR, 2-4 unit, PUD, condo, manufactured
- No income verification in most cases
VA Renovation
- Up to 100% LTV purchase. 90% on refi
- Jumbo amounts up to $970,800 nationwide
- Improvements, including luxury items, that can be completed in 4 months
- 620 FICO
- Up to $50K toward rehabilitation or remodeling
Down Payment Assistance
FHA Grant Program
- 100% financing
- Immediately forgivable grant
- 620+ FICO
- First-time homebuyer NOT required
- Non-occupying co-borrower permitted
- FHA only
- Attached/detached SFR, duplex, PUD, manufactured
- At least one borrower must meet one of following: first-time homebuyer, current or retired employee of a Local, State, or Federal government, or has ever served as unpaid volunteer (PTA, sports coach, food bank, etc...)
FHA Second Lien
- 100% financing
- 600+ FICO
- First-time homebuyer NOT required
- No income limits
- Not forgivable; repayable over 10 years
- Single family
- Duplexes eligible
- Manufactured homes eligible (double wide only)
Jumbo Options
Jumbo 1
- Loan amounts to $3 million
- DU/LPA + FNMA/FHLMC guidelines for standardized doc requirements
- Up to 80% LTV, FICOs to 680
- 15 & 30 year fixed; 7/6 and 10/6 hybrid ARM
- Primary, second home or investment property
- Purchase, Rate/Term, Cash-out
- Gift funds allowed and reduced reserve requirements
Jumbo 2
- Loan amounts to $2.5 million
- DU + FNMA guidelines for standardized doc requirements
- Up to 80% LTV, FICOs to 680
- 30, 25, 20 year fixed
- Primary, second home or investment property
- Purchase, Rate/Term, Cash-out, Delayed Financing, Texas Cash-out
Jumbo 3
- Loan amounts from $600k - $2 million
- Agency eligible loans $600k and up allowed
- 7/6 and 10/6 Hybrid ARM
- DU® for standardized doc requirements
- Primary residence - 1-unit SFR, PUD, Condo
- Purchase, Rate/Term, Cash-out
- Purchase and R/T to 80% LTV
- First Time Homebuyers eligible for up to $1,250,000 with minimum 740 credit score
- Reduced reserve requirements
DSCR and Non-QM Investor Solutions
DSCR (Debt Service Coverage Ratio)
- Qualify based on property cash flow, no personal income docs
- Loan amounts from $100K to $3.5 million
- LTV up to 85%, 620 min FICO
- Purchase, Rate/Term, Cash-out, condotel allowed
- 30-year fixed, 40-year fixed I-O available
Bank Statement
- Loan limits to $4 million
- Fixed, ARM and IO w/ 40 yr term
- Owner-occupied, second home and investment
- Purchase, Rate/Term, Cash-Out
- SFR, PUD, 2-4 units, condos, condotels
- DTI up to 55%
- LTVs to 90% and no MI required
- FICOs to 660
- Bank statement, P&L,1099, Asset depletion