Why is VIVA Home Loans the right place for you?
More than a job: a career with purpose
Mortgage Loan Programs
Discover our most popular loan programs, designed to offer your clients the best options, with access to our own no-nonsense, no feel-good conditions FHA/DE/VA Underwriter, to help you close successfully and advance your career while supporting more families in achieving their dream of homeownership.
DREAM POSSIBLE PROGRAM
3.5% Down Payment
If you’ve been turned down for a traditional mortgage program, or if you have an ITIN number, you may still qualify
With the DREAM POSSIBLE Program, owning a home is within reach.
Is tailored for working families who do not qualify for traditional financing but want the opportunity to secure a home now. It is available to U.S. citizens, as well as individuals with an ITIN Tax ID, permanent residents, work permit holders, and DACA beneficiaries.
Requires a down payment of only 3.5% of the sales price providing consumers the opportunity to secure a home with little to no money out of pocket.
The program uses the average deposits of the most recent 3-month bank statements for self-employed homebuyers.
Bankruptcies - Chapter 7: Eligible if the bankruptcy is discharged at the time of closing.
For W-2, homebuyers’ recent raises or new job offers are o.k. to use as qualifying income.
Offers a fixed interest rate and a repayment term of 40 years.
WORK PERMIT PROGRAM
3.5% Down Payment
Have a work permit? You can qualify for a home!
The Work Permit Program is designed for individuals with a Social Security number issued through a work permit, asylum, or similar authorization, who want the opportunity to secure a home now but cannot get DU approval on a conventional loan or need a higher purchase price than the conventional maximum DTI allows.
Requires a down payment of only 3.5% of the sales price, allowing buyers to purchase a home with little out-of-pocket expense.
Offers a fixed interest rate.
Self-employed borrowers can qualify with either two years of tax returns or 12 months of bank statements.
For W-2 employees, recent raises or new job offers can be used as qualifying income.
FHLB GRANT PROGRAM
$17,500 or $20,000
FREE MONEY! To help with your down payment or closing costs. FHLB grant funds access is exclusively for VIVA Home Loans, giving you access to more grant money available to you for a much longer time than with other lenders, whose funds run out much sooner!
FIRST TIME HOMEBUYERS: GRANTS UP TO $17,500
- Implemented to help more first-time homebuyers achieve their dreams of homeownership.
- Eligible first-time homebuyers can use these funds to reduce principal or to help cover closing costs, down payments, and/or rehabilitation costs.
COMMUNITY PARTNERS: GRANTS UP TO $20,000
- Designed to support vital members of the community who help others for a living.
- Home purchase assistance provided to current or retired law enforcement officers, educators, health care workers, firefighters, other first responders, and employees of those groups, veterans and active-duty military, or their surviving spouse.
- Both the first time home buyers and repeat homebuyers may be eligible.
100% FHA FINANCING
Affordable Housing Programs
The 100% program is aimed at assisting as many homebuyers as possible in achieving their dream of homeownership through a 3.5% Down Payment Assistant (DPA) program
Program Guidelines Summary
The down payment funds will be financed as a second loan based on the property’s value/purchase price. To qualify for this DPA, the term of the second trust loan is 10 years and can be paid off at any time.
First Mortgages - FHA 30 year fixed
Second Mortgages - 3.5% of the sales price or appraised value
DTI Ratio - 56%
Credit - Minimum FICO score 600
CONVENTIONAL PROGRAM
1% Down Payment
With the 1% Down Payment Conventional Program, owning your home is possible with a minimal investment.
Benefits
Down Payment Assistance:
- 2% of the purchase price grant
Down payment starting at just 1%
Maximum loan amount: $350,000
No geographic restrictions
Who Can Apply?
Income ≤ 80% of the Area Median Income (AMI)
Minimum FICO score: 620
First-Time Homebuyers (FTHB) → Homebuyer education required
Properties with 1 to 4 units (max LTV 95% for multifamily and manufactured homes)
Program Details
LTV: minimum 95% / maximum 97%
DTI: up to DU findings
Foreclosures: follow standard guidelines
CLTV up to 105% with Down Payment Assistance (DPA) second lien
FHA PREMIER PROGRAM
3.5% Down Payment FICO – 620
Low down payment, flexible credit, and fast approval: your path to homeownership made easy.
- Requires DU or LP approval
- Non-occupant co-borrowers not allowed
- Verification of employment and one month pay stub only; no tax returns or tax transcripts required.
- Maximum HUD county loan limits
- Up to 4 units; PUDs; townhouses; condos (FHA approved)
- 3.5% FHA down payment
- 4506 execution not required
- 100% gift allowed
We empower families to become homeowners by offering unique loan programs, no-nonsense underwriting conditions, reliable, personalized mortgage solutions, while building relationships based on trust and exceptional service.
Carlos Gonzalez
Division Manager
MLO NMLS # 206296
1.833.764.2272 (1.833.7 MI CASA)
571.438.4142
8133 Leesburg Pike, Suite 380, Tysons Corner, VA 22182
209 Stonebridge Plaza Ave Richmond, Virginia 23225
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