HELOCs
Now offering HELOCs! Historically the best rates on HELOCs (Home Equity Lines of Credit) could only be found at commercial banks and credit unions who specialized in these types of home loans. Now, we have partnered with a network of banks and credit unions to offer their HELOC products to our customers with…
- rates as low as prime + 0.25%
- no early payback penalties
- can be used to refinance or purchase a home
- can be used as a stand-alone mortgage, or 2nd/3rd lien
- up to 89.99% LTV on a primary residence
- can be used on second homes and investment properties
PURCHASE
- Conventional loans (3% or 5% min. down payment)
- V.A. loans (Veterans Affairs, 0% min. down payment)
- USDA loans (0% min. down payment)
- FHA loans (3.5% min. down payment)
- Jumbo and high-balance (above conforming loan limits)
- First-time homebuyer (not owned a home in past 3 years)
- No credit score (manual underwriting)
- New construction loans
- Newly graduated doctors/professionals (0% min. down payment)
- Self-employed (flexible income documentation)
- Non-citizens and non-permanent residents
REFINANCE
- Rate or term reduction
- Cash-out refinance
- Debt consolidation
- RefiNow & Refi Possible (low/moderate income)
- V.A. IRRRL (Interest Rate Reduction Refinance Loan)
- FHA Streamlined Refinance
- HELOC (Home Equity Line of Credit)
SPECIALTY PROGRAMS
- Adjustable-rate loan options (and hybrid… fixed for X-years, then adjustable)
- Customize your term length (from 8 to 30 years)
- FHA Home Equity Conversion Loan (“reverse mortgage”, for purchase or refinance for seniors)
- ITIN loans (individuals without a Social Security Number)
- Bank Statement Loans for self-employed individuals (using cash flow to qualify rather than tax returns)
- DSCR loans for investors (using expected property cash-flow to qualify rather than personal income)
- We can also assist in arranging private financing between a seller and buyer (seller financing), or streamlining the purchase process for FSBO’s (for sale by owner)
