FHA → Min 580 Fico Score - 3.5% Down Payment.
CALHFA → Available Financing for Down Payment & Closing Costs.
CONVENTIONAL → Available for Primary, Secondary Home & Investment.
HOME READY → Min Down Payment 3%.
HOME POSSIBLE → Min Down Payment 3%.
BANK STATEMENTS: Bank Stmt average monthly deposits can be used as income.
PERSONAL ACCOUNT → We can use the most recent 12 months bank stmts to calculate the income.
BUSINESS ACCOUNT → We can use the most recent 12 months bank stmts to calculate the income.
DSCR → To purchase an Investment property with no income as long the rent equals the mortgage payment - GREAT FOR INVESTORS.
PROFIT & LOSS → No Taxes, No Pay Stubs - We only need 20% Down & P&L prepare by CPA or Tax Prepare.
1099 LOAN → 2 years history with 1099 - No Tax Returns need.
ASSESTS UTILIZATION → Use your borrower's personal and business assets to qualify for a home loan.
ITIN → Min 20% Down - 30 years fixed loan - Applied for Self Employees & W2's.
HELOCS → Min Loan amount $ 25K.
SECOND MORTGAGE → Min loan amount $120K.
HELOCS → 23 & 25 years loan - Min 5% Down payment (Depending on Mobile Home year built) or depending on mobile home manufactured date.
Credit Report Application