Standard Mortgage Products

Overview of "Standard" Mortgage Programs*

Government-Insured Products: 

• FHA - 3.5% down payment
• VA - No Down Payment
• USDA - No Down Payment
• Down Payment Assistance
• Fixed & ARMs
• 580 credit score
• Non-traditional credit options
• Manual underwriting

Conventional Loan Products: 

• Traditional Conventional
• Home Possible
• HomeReady
• HomeStyle Renovation
• 3% down options
• Mortgage Insurance Split Premium & Lender-Paid Options
• Fannie Mae Property Inspection Waiver (PIW) participation (no appraisal)
• Ability to close in 10 days or less

·        Jumbo Features: 

• 5% down to $1,000,000 Loan Amount
• Lock & Shop options
• Up to 50% DTI options
• Interest-only options
• Condos
• Non-Warrantable 
• Condotels
• Asset depletion options
• Delayed financing options
• 10% down with no PMI
• 580 credit score to $1 mil
• Loan amounts up to $3 mil
• Up to $750,000 cash out

·        Investment Property Loans:

• Unlimited financed properties allowed
• Loan amounts to $2 mil
• Minimum credit score of 620
• Condos
• Non-Warrantable 
• Condotels

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*Contact Danny for details and qualification requirements

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