Types of Conventional Loans

FLEXIBLE LOAN TERMS

 

Customize the perfect loan without resetting the mortgage clock! Flex Term provides borrowers with flexible options to select their amortization term.

  • Available on conventional, FHA and VA loan products
  • Terms available from 8–30 years

 

RAPID CLOSING DISCLOSURE DELIVER

Closing Disclosures can be issued at initial underwrite

  • Allows for a faster process

CONVENTIONAL FIXED RATE

Comprised of some of the best long-term rates in the industry

  • Loan amounts up to county loan limits
  • Eligible for primary, second and investment homes
  • Appraisal Waivers available
  • Includes conventional and high balance
  • Available on single family residences, townhomes, condos, PUDs, and multi-wide

CONVENTIONAL ARMS: 5, 7, AND 10 YEAR

Obtain even lower rate options with our 5, 7, and 10-year adjustable-rate mortgages

  • Conventional 5, 7, and 10 year
  • Conventional High Balance 5, 7, and 10 year
  • Eligible for primary, second and investment homes
  • Available for single family residences, townhomes, condos, PUDs, and multi-wide

MORTGAGE INSURANCE BUSTER

This product eliminates monthly mortgage insurance on loans with a higher LTV.

  • Conventional 30-year fixed only; Flex Term not available
  • Eligible for primary and second home purchases and rate/term refinances
  • Loan-to-Value ratios between 80.01 and 89.99%
  • High Balance available up to county loan limits

100% FINANACING

With a soft second that can be forgiven, you could receive free money!

  • Up to county conforming loan limits
  • 96.5% first loan and a 3.5% second loan
  • With 36 on-time payments on fist loan, second loan will be forgiven
  • Relaxed credit requirements
  • First-time homebuyers welcomed

FIRST-TIME HOMEBUYER

Qualify with this 3% down payment solution.

  • Purchases up to 97% Loan-to-Value ratio
  • No county average median income restrictions
  • Relaxed credit requirements
  • At least one borrower must be a first-time homebuyer
  • Eligible on single family residences, townhomes, condos, PUDs, and multi-wide

FANNIE MAY AND FREDDIE MAC

Conventional options for borrowers looking to purchase with a low-down payment or refinance with limited equity.

  • Up to 97% Loan-to-Value ratio
  • Reduced Mortgage Insurance
  • High Balance available
  • Gift funds eligible for entire down payment
  • Eligible for single family residences, townhomes, condos, PUDs, 2-4 units, and multi-wide

INVESTMENT PROPERTIES

Qualify with only the property’s market or current rent.

  • Elevated Loan-to-Value ratios
  • Low rent coverage ratios
  • Purchase and refinance
  • Eligible for single family residences, townhomes, condos, PUDs, and 2-8 units

EASY DOC

Qualify by providing limited documentation.

  • Only need written verification of employment or signed profit & loss
  • Available for conventional, High Balance, and jumbo
  • Eligible for single family residences, townhomes, condos, PUDs, and 2-4 units

STATED INCOME

Qualify without providing income documentation.

  • Only need verbal verification of employment or CPA letter
  • Available for conventional, High Balance, and jumbo
  • Eligible for single family residences, townhomes, condos, PUDs, and 2-4 units

VA LOANS

Use your VA entitlement to qualify for 100% of your purchase price or streamline refinance your current VA loan.

  • No down payment on purchases
  • 100% Loan-to-Value available on cash-out refinances
  • No mortgage insurance
  • Relaxed credit requirements
  • Sellers can pay up to 4% of closing costs
  • With full entitlement available, no loan limits for up to what your income qualifies

JUMBO LOANS

Extremely competitive rates with high loan amounts.

  • For loans above High Balance conforming county loan limits
  • Elevated Loan-to-Value ratios available
  • Streamline refinances available
  • 30 & 15 year fix, 5/6, 7/5, and 10/6 hybrid arms
  • First-time homebuyers welcomed
  • Eligible for single family residences, townhomes, condos, PUDs, and 2-4 units
LOOKING FOR A CONVENTIONAL LOAN, REFI OR A REVERSE MORTGAGE, GET STARTED NOW!