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HOME LOAN PROGRAMSWe are proud to offer an extensive range of home loan programs certain to satisfy the needs of virtually any homeowner or prospective homeowner. With a wholesale lender base of literally hundreds of investors, we can assure you the most cost-efficient program available for your individual needs.
Highlights:Start Rates below 2% - Interim Fixed Rate Loans - Buy-DownsEasy-Qualifier Programs - No-Ratio Loans - Estate FinancingEquity Lines and Second Mortgages - First Time Buyer ProgramsConstruction Loans - Non-Owner Programs - VA Home LoansMiscellaneous Offerings - Tax Issues - Interest Rate QuotesPrograms of Special Note
Start Rates Below 2%. We have several programs where the initial Note Rate and Payment Rate begin in the 1.25% range. Ordinarily, payments change only once a year and are limited to 7.5% (equivalent to an effective rate increase of about 0.7%) of the previous years payments. The actual note rate usually changes after the first three months. Ideal for those with growing incomes but may cause negative amortization. Interim Fixed Rate Loans. Choose from a wide variety of loans with fixed rate periods of 3, 5, 7, or 10 Years. These loans usually roll over into adjustable rate mortgages at the end of the initial term. Because of the potential interest savings over straight 30 year fixed rate loans, these may be attractive for those certain of a move before the end of the initial period or those who believe that rates will be decreasing but still want some security. Fixed Rate Buy-Downs. Most fixed rate programs can be "bought-down" temporarily (or permanently) in order to decrease the initial years' payments. This may be beneficial for several reasons: It may help a buyer qualify for a property that would otherwise be out-of-reach. It helps those with rising incomes manage the initial years' payments. It still supplies the security of fixed rate financing... Back to Top Easy-Qualifier Programs. Little or no income documentation is required. For the self-employed, or others with nebulous income sources, these are especially handy. Even wage earners who just want as little hassle as possible can benefit. Many programs are available including fixed, adjustable and interim fixed rate loans. No-Ratio Loans. Can you believe you don't even need to have a job to get a home loan? Several options are available where the borrower needs to stipulate no employment nor income information. Some of these don't even ask for asset verification... Estate Financing. Are you in the market for a huge loan amount? Dozens of programs are available, be they fixed or adjustable, which can accommodate your request. Due to the nature of this type of financing, significant flexibility is possible regarding income ratios and asset needs. You may even be able to use portfolio investments as security for the down payment without the need of liquidating these accounts. One program should be of special interest to you; how about an 80% LTV to $2,000,000 and E-Z Documentation? Back to Top Equity Lines and Second Mortgages. Either stand-alone or used in junction with a purchase money first mortgage, we can go to as high as 125% Loan-to-Value! In many cases, you can use the loan proceeds for any purpose, home improvement, debt consolidation, educational expenses, you name it. As an added bonus, home equity debt is usually fully tax deductible so that the effective interest rate is usually substantially below any type of personal debt. Many clients also utilize equity lines and seconds on purchases in order to avoid the necessity of Private Mortgage Insurance on the lower down payment programs. First Time Buyer Programs - We are proud to offer a wide range of programs specifically designed for the first time home buyer (usually defined as buyers who have not held title to a home in the last three years.) These programs include the Mortgage Credit Certificate program, CHFA, Community Home Buyers and Cal-97. Call for details on these exciting program offerings. Like to know more? Check out our First-Time Buyer page. Construction Loans - We can offer a variety of loan programs for the construction or major rehabilitation of single family or multi-family homes. Instead of a three tiered process of lot loan/construction loan/permanent loan, we can offer a one time close which can incorporated all phases of the process. This can save substantially on your overall costs since loan fees, title and escrow fees, appraisal fees, etc. are only paid once. Or, we can offer any combination which your current needs and requirements might dictate. Non-Owner Programs - You can choose from an incredible range of programs exclusively for the purchase or refinance of rental properties. Fixed rates, adjustable loans, interim fixed, easy-qualifier and no-ratio programs are all available. Loan-to-Values can go as high as 90% so the normal 25% or 30% down payments are not required. Veterans Administration Programs - Zero Down Payment Available to $203,000. Rate Reduction Refinances available with virtually no documentation and no new appraisal required for those with present VA loans. Would you like to know much more? Check out the VA Loan Summary page. Miscellaneous Offerings - If you need it, but don't see it, Call. We couldn't possibly list all of the options that the money market has made available... Back to Top
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