Here are some of the top questions to ask before deciding on the type of loan to apply for.
How do I qualify for a loan? Several factors come into play regarding which program you are eligible for. However, the foundation to all your mortgage options lies in telling us about your income, credit, assets, and the type of property you hope to purchase.
How much house can I afford? It's essential to nail down your affordability before you start home shopping. Use our online calculator to get a close estimate of your payment. You can also pre-qualify with us to see the most accurate affordability scenarios.
How much should I save for a down payment? The minimum amount needed for a down payment depends on the loan program and whether you want to avoid particular fees from your monthly mortgage payment. For example, many loan programs allow for a 3-3.5% down payment, but it may require that your mortgage insurance or property taxes be built into the loan payment.
Putting down a little more may help avoid these costs in your monthly mortgage payment; however, it's not necessary. We have affordable loan options with low monthly payments that ask for as little as 0-3% down! Remember that while a higher down payment has its perks, so do low down payment ones.
What types of home loans do you offer? We have a wide variety of loan types available to meet your specific needs and requirements. So whether you are a first-time buyer, an investor, a veteran, or a retiree looking to make life more comfortable using your equity, we can match you with the right loan and payment that fits your needs.
Interest Rates Have Increased
Borrowers May Not Qualify
Due to DTI Calculation
Time To Consider
NO RATIO PROGRAM
No DTI calculation
No Income on Application
No Employment on Application
No Tax Returns
No W2s
No 1099
Only Required to Have
as low as 20% Down Payment
80% LTV = 720+ FICO - 12 Months Reserves
75% LTV = 680-719 FICO - 9 Months Reserves
65% LTV = 660-679 FICO - 9 Months Reserves
Funds for Down Payment
Closing Costs
Prepaid’s
Reserves
Primary Residence
Second Home
Purchase
Refinance
Minimum Loan $200,000