Loan Programs Made Simple
We are your PURCHASE LENDER
Loan Program Information
Conventional:
• Down Payment as Low as 3%
• Fixed or Adjustable Rates
• Down Payment Assistance Programs Available
• Non-Occupying Co-Borrowers Allowed
FHA:
• Down Payment as Low as 3.5%
• Lower Credit Score Flexibility
• Higher Allowable Debt to Income Ratios
• 100% Financing with DPA
VA:
• 100% Financing
• No Monthly Mortgage Insurance Premiums
• Flexible Underwriting Guidelines
USDA:
• 100% Financing
• Lower Credit Score Flexibility
• Gifts for Closing Costs Allowed
Jumbo:
• Borrow up to $3 Million
• Credit Score as Low as 700
• Eligible for Primary Residence, Second Home or Investment Property
• Warrantable and Non-Warrantable Condos Permitted
Renovation:
• FHA and Conventional Programs
• Purchase or Refinance
• Principal Residence, Second Home or Investment Property
• Ability to Finance Repairs and Home Improvements
Specialty Program Information
NAF Cash®:
∙ Allows Buyer to Become a Cash Buyer
∙ Buyer Can Purchase New Home Without Selling Current Home
∙ Conventional and VA Loans Allowable
Medical Professionals Program:
• 100% Financing - $0 Down Payment
• No Mortgage Insurance Required
• Loan Amounts to $2 Million
Bridge Loan:
• Allows Borrower to Access Home Equity
• Purchase New Home Before Selling Current Home
• No Payment Until Current Home Sells
Bank Statement Program:
∙ Self Employed Borrowers can use Business Bank Statements to Qualify
∙ Purchase New Home Without Selling Current Home –Exclude Payment in Debt to Income Ratio
∙ Purchase, Refinance or Cash-Out
∙ Primary, Second Home or Investment Property Eligible
DSCR (Debt Service Coverage Ratio) Loan:
• Qualify Using Rental Income
• First Time Investors Eligible
• Fixed Rate, Adjustable Rate & Interest Only Options
HELOC – Home Equity Line of Credit:
• Large Loan Amounts – Up to $750,000
• Combined Loan-to-Value as high as 95%
• Flexible Credit Score Requirements
One-Time-Close Construction Loan:
• One Loan – One Closing – One Appraisal
• New Construction or Tear Down
• FHA, VA, USDA & Conventional
Down Payment Assistance:
• Additional Funds for Down Payment and Closing Costs
• Chenoa
• NAF Pathway Programs
