Residential Programs

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Residential Mortgage Programs

3% DOWN PAYMENT COMMUNITY HOME BUYERS PROGRAM
Designed for first time home buyers. This is the minimum loan percentage a home buyer may give, in conventional finance. Down payment has to be from the buyer's own money. Gifts, and 3% seller contribution for closing costs allowed. Excellent credit is required, or no credit history is acceptable. Qualifying ratios 28/36. One month PITI* reserve required.

5% DOWN PAYMENT-JUMBO LOANS
For loan amounts over $250,000

95% LTV** CASH OUT REFINANCE
This is a non-conforming loan. Designed for owner-occupied properties only. Some exceptions can be done, at a minimal cost, for example: no income verification, no assets verification, etc. Two months PITI reserves are required. Homeowner has to have an equity of 5%. With this program the Borrower can refinance the actual mortgage and obtain additional money.

10% DOWN PAYMENT- INVESTMENT PROPERTY 1-4 UNITS.
Borrowers must have excellent credit and the necessary income.

10% DOWN PAYMENT-FOREIGN NATIONAL (CONVENTIONAL AND JUMBO)

20% DOWN PAYMENT-LTV, NO-RATIOS, NO 4506 (SELF-EMPLOYED, RETIRED, SALARIED)
Particularly designed for the buyer who cannot document his economical or financial life in a satisfactory manner to obtain financing. Does not require to verify income taxes with the IRS. Competitive market rates and loan terms are offered.

80% LTV, NO-INCOME VERIFICATION, NO 4506 (SELF-EMPLOYED, RETIRED, SALARIED)
Stated or non-stated income is not verified. Also designed for the buyer who cannot document his economical or financial life in a satisfactory manner to obtain financing. Does not require to verify income taxes with the IRS. Competitive market rates and loan terms are offered.

70% LTV, NO-INCOME, NO-ASSET
This is also called a Lite Doc. loan. It is based on buyers credit, which must be excellent. It is mainly designed for self-employed people.

100% FINANCING, NO DOWN PAYMENT NEEDED.

RESIDENTIAL CONSTRUCTION LOANS
Short term loans designed for single family residence, duplex, multifamily, etc. Borrowers must have at least 25% down from their own funds. Payment is interest only.

HOME IMPROVEMENT LOANS, NO EQUITY*** NEEDED
We have different plans to accommodate the borrowers needs, like loans based on 100% or 125% of the property market value. We feature FHA Title 1 programs, a government program to help homeowners improve their homes.

LOANS FOR INDIVIDUALS IN FORECLOSURE
Borrowers can obtain up to 70% of the market value of their home. Rates are competitive.

EQUITY LINES
Borrowers can obtain up to 100% of the value of their home. Make use of the amount needed, and make payments only on the used amount.

BAD & NO CREDIT LOANS
We have several plans for people with bad credit or no credit at all.

NO ESCROW PROGRAMS
This plan is tailored for Borrowers that do not desire to pay monthly escrow. Borrowers can pay their own taxes and insurance.

FHA LOANS
Thirty and fifteen years fixed rate loan programs with only 2.25% down payment. Excellent for first time buyers, with little money. Some seller paid closing costs are required. No credit scores. No previous/current credit history is acceptable. Some minor credit problems are accepted, at lender's discretion.

Remember, our professional Loan Consultants are ready to help you right away in all your financing needs. We take the loan application anytime, anywhere, 6 days a week.

If you live outside of the United States of America, you can fill out the Service Request Form or the On-line Application. We will send you a complete application package anywhere in the world in 24 hours, or you can download it by clicking on Help. If you have any questions filling out the application, please send us an E-mail.

*PITI - Principal, interest, taxes, and insurance.
**LTV - Mortgage amount divided by property market value.
***EQUITY - Difference between property market value less actual mortgage amount or balance.