Loan Programs:

• JUMBO LOANS
• 80/15/5                        
• ZERO DOWN PROGRAMS                                                       
• HIGH DEBT RATIO LOANS
• NO DOCS/STATED INCOME
• AND MANY MORE

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. 

80/15/5 - This is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when wishing to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/5.

ZERO DOWN PROGRAMS - Same as above only the borrower pays for closing costs or can have the seller contribute up to 6% towards closing costs.

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.

NO DOC/STATED INCOME - Loans where your income is not requested or verified with as little as 10% down are stated income loans.  There are several varieties of the "no-doc" loan today. Basically 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 even income but select a program that doesn't 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.

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
- Planning short-term residency in the home
- Needing Fixed Rate loan with lower monthly payments
- First-time homebuyers
- Low-moderate income