TYPES OF LOANS

A conventional loan is not insured or guaranteed by the federal government, which distinguishes it from programs like VA, USDA, and FHA. These loans are flexible and often avoid mortgage insurance with a higher down payment.

The US Department of Veterans Affairs VA loan programs are for military service members and their families. Being a government-backed mortgage means that the VA will reimburse the investor for any losses that may result from the default of the person accessing the credit, allowing investors to finance up to 100% of the value of the property.

The Federal Housing Administration (FHA) mortgage program is administered by the Department of Housing and Urban Development (HUD), which is a division of the federal government. These loans are most popular with first-time homebuyers, FHA loans are available to all types of homebuyers and can be verified on federal taxes.

If you are looking to buy an investment home, apartment, condominium, or multiple properties, with the intention of recouping the investment and making a profit, a loan may be just what you need.

First-time home buyers

100% Down Payment Assistance, with this program, you can secure your first mortgage at a rate comparable to the market. You will need to meet the minimum credit score of 620 and have a qualifying household income less than or equal to 135% of the median income for the county in which you will live. The down payment assistance program offers assistance for a 3.5% down payment or closing costs.

It is a mortgage loan program that makes it easier to purchase a home for working families who cannot qualify for traditional financing such as FHA, Conventional, or VA. This program offers down payment assistance and a low down payment of only 3.5%.
Unique income qualifications for US citizens, Green Card Holders, DACA, ITIN TAX ID. You only need to demonstrate the ability to pay a mortgage payment, 1 year of Federal Taxes, profit and loss reports, current verification of 12 months of rent and a minimum credit score of 620. Call us for more information.

El programa FHLB hace que las grant estén disponibles para los compradores de viviendas al proporcionar fondos como pago inicial y el costo de cierre. Para acceder al programa de préstamos, debe ser un comprador de vivienda por primera vez o un «socio comunitario», que se define como agente de la ley, empleado o jubilado, educador, bombero, trabajador de servicios médicos de emergencia, de atención médica, trabajador de escuelas públicas, de hospitales públicos o Reservista de la Guardia Nacional en servicio. Los compradores de vivienda pueden ser elegibles para un grant entre $17,500 o $20,000.

NON-QUALIFIED MORTGAGE LOANS

Bank statement loans, also known as self-employed mortgages, allow you to secure a mortgage without the documentation you would normally use to verify your income, such as W-2s and tax returns.
These loans, sometimes known as “alternative documentation loans,” are largely used by entrepreneurs and other people who may not have a steady income or a contractor to prove their salary.

ITIN/TAX ID loans are designed for people who do not have a social security number, but can provide an ITIN/TAX ID number as an alternative form of identification, so they can expect a down payment of 3.5% – 25%.

Refinancing Loans

Rate Mortgages: Fixed interest rates for eligible buyers. Your rate never changes during the life of your loan.

Loans on a property that is used to produce a return on investment.

FHA can do a simplified refinance without an appraisal, you just need to prove 12 months of on-time house payments and verbally verify employment.

You can do a simplified refinancing without an appraisal, you just need to prove 12 months of on-time house payments and verbally verify employment.