loan Products
When choosing a mortgage loan product, it is important to consider your individual needs and financial situation. Our team will compare different products and rates from multiple lenders to ensure that you are getting the best deal possible!
Click below to learn more about different Mortgage Loan Products available.
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General Requirements:
Credit Score: 620 +
Minimum Down Payment Requirement:
3% (First-Time Homebuyers)
5% (Primary home, not First-Time Homebuyer)
20% + (No PMI)
Primary, Secondary, and Investment homes
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General Requirements:
Credit Score: 580 +
Minimum Down Payment Requirement:
3.5%
10% (MIP to be waived after 10 years)
Primary homes ONLY
Allows for shorter waiting periods for Bankruptcies, Foreclosures, and Short Sales
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General Requirements:
Must be a Veteran and/or Veteran Spouse
Credit Score: 580 +
Minimum Down Payment Requirement:
0%
No Mortgage Insurance
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General Requirements:
Credit Score: 660 +
Minimum Down Payment Requirement:
10.01%
20% (Significantly better pricing!)
Minimum loan amount (can vary by area)
$726,200
Reserves will be required
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Bank Statement Loans
For Self-Employed Borrowers who might benefit from showing proof of deposits rather than tax returns.
DSCR (Debt-Service-Credit- Ratio)
For Investor Borrowers who may not want to show income documentation.
Lenders will review expected rental income and compare to the expected monthly payment.
1099
For Self-Employed Borrowers who are paid by 1099, and may benefit without showing tax returns.
Questions?
Reach out to one of our licensed loan officers to help answer your concerns!