| 100% First Time Homebuyer Loans |
A household who has not owned its principal place of residence within the last three years.
Back To Top |
| Stated Income Verification Loans |
This loan features no assets being verified. You only state your income and state your assets on the application. This program carries a slightly higher rate because the assets are not verified.
Back To Top |
| No Income Verification Loans |
Loans where your income is not requested or verified. 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.
Back To Top |
| No Asset Verification Loans |
A real no doc loan requires good credit, but there is no income, no assets and no employment verification required. This information is not disclosed on the borrowers loan application and it is not asked of the borrower. The definition of good credit can vary, but in almost all cases (for a real no doc) it means a credit history that has at least a few accounts rated for 2 years and a 620 middle credit score. There may be limitations on "payment shock" (how much your new payment can go up as compared to your current payment for housing/rent) on some of the programs with better rates, and there may also be limtations on how much derogatory credit is acceptable on the credit report.
Back To Top |
| 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.
Back To Top |
| Credit Problem Loans |
Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.
Back To Top |
| 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.
Back To Top |
| Home Equity Line of Credit (HELOC) w/no closing costs |
Many borrowers choose to establish a home equity line of credit (HELOC) so that they can borrow against an advanced mortgage. The HELOC is typically attained as a second mortgage, and the funds are used by borrowers to pay for large-ticket items such as college education, major home repairs, or outstanding medical bills. Unlike fixed-dollar amount loans such as home equity loans, the HELOC extends to the maximum amount of the mortgage.
Back To Top |
| Hard Equity Loans |
Hard money loans are loans in which real estate serves as the collateral asset. It is most commonly used as a type of bridge loan for temporary financing. As with other collateralized loans, the size, rate, and length of a hard money loan is determined by the borrower’s equity in the asset, the volatility of the asset and marketplace, and the financial standing of the borrower. Hard money loans are funded for business and personal use. The real estate asset may be business or personal property, and the proceeds of hard money loans are not restricted to business use.
Back To Top |
