Mortgage Loan Program

 An all-in-one mortgage is a mortgage that allows a homeowner to pay down more interest in the short term while giving them access to the equity built up in the property. It combines the elements of checking and savings accounts, a mortgage, and a home equity line of credit (HELOC) all in one product. Great for people who have good credit, an all-in-one mortgage lets homeowners pay off their loans sooner without the need to refinance. 

The Debt Service Coverage Ratio loan is great if you own a multitude of properties when it comes to investment. The greatest feature of this type of mortgage loan is that the only income considered by the lender is the income that the subject property generates. Therefore, eliminating the need to disclose any other income on your mortgage application. 

 A reverse mortgage allows homeowners age (55 with some wholesale lenders)  62 or older to borrow against their home equity. It is called a “reverse” mortgage because, instead of making payments to the lender, you receive money from the lender. The money you receive, and the interest charged on the loan, increases the balance of your loan each month. Most reverse mortgages today are called HECMs, short for Home Equity Conversion Mortgage. .

Utilizing deposits for either 12 or 24 months for personal or business bank statements along with a profit and loss statement and personal financial statement. This sidesteps the need for paycheck stubs, tax returns or W-2 or 1099 income verification

 A VA loan is a loan program offered by the Department of Veterans Affairs (VA) to help servicemembers, veterans, and eligible surviving spouses buy homes.  The VA does not make the loans but sets the rules for who may qualify and the mortgage terms. The VA guarantees a portion of the loan to reduce the risk of loss to the lender. The loans generally are only available for a primary residence. 

 The Rural Housing Service, part of the U.S. Department of Agriculture (USDA) offers mortgage programs with no down payment and generally favorable interest rates to rural homebuyers who meet the USDA’s income eligibility requirements. 

 A government back loan with easier qualifying underwriting guidelines than your standard conventional mortgage loan.  The Federal Housing Administration (FHA) provides mortgage insurance on single-family, multifamily, manufactured home, and hospital loans made by FHA-approved lenders throughout the United States and its territories.  The Federal Housing Administration, also known as the Office of Housing within the Department of Housing and Urban Development, is a United States government agency founded by President Franklin Delano Roosevelt, established in part by the National Housing Act of 1934. 

Rehabilitate a property with this loan using FHA guidelines.

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 Every year the limit changes. In 2023 a jumbo loan is a loan over the dollar amount of $726,000

In 2024, the Super Conforming, or High Balance loans, would be between $766,550 up to $1,149,825

A Home Equity Line of Credit allows property owners to have a revolving line of credit that taps into the equity of the property.

Usually acquired as a second mortgage, this fixed rate and term loan allows property owners to utilize a predetermined loan amount for certain purposes such as home improvement.

A piggy back second mortgage is exactly that. It is a second mortgage that is obtained at the exact same time as the loan in first lien position. piggyback

Some lenders allow for a longer amortization to help reduce the monthly payment they're making qualifying easier. The lower your payment the more home you can afford. 

Great for investors on properties they plan on owning for a short term, the interest-only loan provides a low monthly payment. However, qualifying is still based on the fully indexed rate.

Certain lenders have a more lenient understanding and are willing to loan even if a borrower has recently had a bankruptcy or foreclosure.

A Home Equity Line of Credit allows property owners to have a revolving line of credit that taps into the equity of the property.

Usually acquired as a second mortgage, this fixed rate and term loan allows property owners to utilize a predetermined loan amount for certain purposes such as home improvement.

A piggy back second mortgage is exactly that. It is a second mortgage that is obtained at the exact same time as the loan in first lien position. piggyback

Some lenders allow for a longer amortization to help reduce the monthly payment they're making qualifying easier. The lower your payment the more home you can afford. 

Great for investors on properties they plan on owning for a short term, the interest-only loan provides a low monthly payment. However, qualifying is still based on the fully indexed rate.

Certain lenders have a more lenient understanding and are willing to loan even if a borrower has recently had a bankruptcy or foreclosure.

For children brought into the United States of America by immigrant parents, but who grew up in the U.S., there are special loans for their status type. DACA loans are really treated just like Conventional loans with slightly 

If you're interested in purchasing land and simultaneously building a structure upon that land then a one-time close loan is the best choice for financing.

If you own land already and need financing for the structure so the two are considered one piece of land then a construction loan will get the job done.

This loan is for a property that needs to be renovated. Adding to the structure may require a licensed General Contractor to be hired by you. 

This mortgage is a great tool for investors to purchase property that they want to hold for a short term at a higher interest rate.

This is another investor loan designed for those who are going to purchase a property just to fix it up and resale it for profit.