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| FHA Mortgage |
| Fannie Mae Mortgage |
| USDA Mortgage |
| VA Mortgage |
| Bank Statement Mortgage |
| No Ratio Mortgage |
| DSCR ( Debt Service Ratio ) Investment ONLY Mortgage |
| Asset Depletion Mortgage |
| Fix - n - Flip Mortgage |
| Commercial Mortgage |
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FHA Mortgage
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. FHA home loans require lower minimum credit scores and down payments than many conventional loans, which makes them especially popular with first-time homebuyers
* We offer a 3.5% Down Payment FHA Grant Program for individuals who have not owned a home in the last 3 years. There is no income limitation with this grant program. The minimum credit score for this program is a 620 middle score ( FICO )
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Fannie Mae Mortgage
https://singlefamily.fanniemae.com/media/20786/display
Fannie Mae—known officially as the Federal National Mortgage Association (FNMA)—is a government-sponsored enterprise (GSE) chartered by Congress to stimulate homeownership and provide liquidity to the mortgage market.1 It was established in 1938 during the Great Depression as part of the New Deal. Its purpose is to help low- to moderate-income borrowers obtain financing for a home
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USDA Mortgage
https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp
Perhaps you feel more at home surrounded by pastures than pavement. If so, buying a home might be well within reach, thanks to the U.S. Department of Agriculture mortgage program. In fact, the USDA might have one of the government’s least-known mortgage assistance programs.
A USDA home loan is a zero down payment mortgage for eligible rural homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
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VA Mortgage
A VA loan is a mortgage loan available through the U.S. Department of Veterans Affairs for service members, veterans, and their surviving spouses. This loan allows up to 100% financing.
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Bank Statement Mortgage
A bank statement mortgage allows eligible self-employed borrowers to use bank statements to help verify income instead of tax returns. A lender will use these statements to analyze income to prove the ability to repay a loan.
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No Ratio Mortgage
A no ratio loan is a home loan for which there is no debt-to-income ratio for the lender to consider because you aren't required to disclose your income.
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DSCR ( Debt Service Ratio ) Investment ONLY Mortgage
Qualify based on property rental analysis. No personal income needed to qualify. Non-warrantable condos OK. No tax returns required. No employment needed.
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Asset Depletion Mortgage
Also known as 'asset dissipation,' asset depletion is a way to qualify for a loan using substantial assets rather than income from employment.
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Fix - n - Flip Mortgage
Fix-and-flip loans are short-term loans used by real estate investors to purchase and improve a property to then sell for a profit. When a buyer decides to upgrade and resell the property for profit, fix-and-flip loans are typically used to cover the upfront costs of renovating the property
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Commercial Mortgage
www.loyolafinancial.com
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $484,350 with closing costs of $9,687. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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