Home Financial Corporation
Loan Programs:
JUMBO LOANS - Offers 30 and 15 years fixed programs and competitive ARM products with full document.
Cash out and No cash out refinance are allowable. Single family detached, PUD’s and single-family second homes can be financed with no prepayment penalty.
90/10, 95/5 - The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit. Other variations are 80/20 or 75/25.
HIGH DEBT RATIO LOANS
- Borrowers having the ratio of their monthly bills to their monthly income
higher than 50% is considered a high debt ratio. Loan programs are
available for these borrowers, allowing them to finance the purchase of a
home or property.
LESS CREDIT
-
Buyers who have less-than-perfect credit, we offer loan programs that make
allowances for real-life financial circumstances.
SELF-EMPLOYMENT
-
For your buyers with hard-to-prove income, we offer loan programs that are
more flexible when it comes to the standard documentation; in other words,
we understand that more and more people are self-employed or work outside of
the traditional model of employment any way you look at it, this is great
news for you.
Introducing
Great New Products! 40-year Fixed Rate & LIBOR
ARM Mortgages
40-year Fixed Rate & LIBOR ARM
- Conforming Fixed Rate: 40-year
- Conforming LIBOR ARMs: 3/1, 5/1, 7/1, 10/1
Borrower Profile:
- Higher-cost areas
- Irregular income
- Needing Fixed Rate loan with lower monthly payments
- First-time homebuyers
- Low-moderate income