FHA 0.5% Down Payment Loan: (HOTTEST PRODUCT ON THE MARKET)
- 0.5% down for 580+ FICO – 43% Max Debt Ratio
- 3.5% down for 580+ FICO – 50% Max Debt Ratio
- 10% down for 500 – 579 FICO – 43% Max Debt Ratio
- 500 Minimum FICO score for FHA Loans
- All disputed Accounts must be resolved
- Collections over $1,000 MAY need to be paid off
- No Bankruptcy in the last 2 years
- No Short Sale In the last 3 years
- No Foreclosure in the last 3 years
- Single Family Residence, Condos, 2-4 Units (3.5% Needed)
- For Owner Occupied Only Borrowers
~ STATED INCOME LOANS ARE BACK, 1 Day Out of Short Sale
• NO FICO, NO Income, No Appraisal, NO Assets Needed on FHA Streamline • 500 FICO’s. Looking to purchase or refinance. Purchase 90% LTV & Cash out 75% LTV. DTI 45/55. Must have 3 active trade lines for past 24 months • 97% on Conventional Loans (SFR, Co-Ops, 2nd Home) • Unlimited DTI with AUS Approval on Conventional Purchases or Refi. FICO 620 – UP TO 95% LTV• NO Social Security Required on Conventional Purchases / Refinance. ITIN will be required instead of Social Security Card – Must have taxes files under the ITIN number. Must have 3 active trade lines for past 24 months under the ITIN Number. Must have a legal status in US • Cash out up to 85% LTV on FHA Loans (500 Minimum FICO, 1 Unit, PUD & Condos)• MI Insurance up to 95% LTV (620 with, 45% DTI, Primary, Purchase & Rate / Term) • Borrower paid MI on Cash out (Primary, 85% LTV, 45% DTI, 620 Fico)• 90% LTV on 2nd Home (Purchase & Rate / Term, 620 FICO)• Cash out on a recently purchased property (640 FICO, 80% Max LTV, 1-4 Unit, Condos & PUD)• 85% on Investment with Borrower paid MI (640 FICO, Purchase, Rate/Term or Cash out, 75% LTV with 620 FICO)
• Reverse Mortgages on Refi or Purchase (SFR, Condos, 1-4 Units, PUD’s) – Generous Compensation
• 90% High Balance LTV (SFR, 2 Unit, Condos)
• Conventional Agency Conforming (640 FICO, 97% Max LTV)
• High Balance and conforming loans with (660 FICO)
• 203K FHA Program (580 FICO, 100% CLTV on purchases, 1-4 Units, Condos, 1 Unit Manufactured Homes)
• $100 Down FHA HUD Repo (110% Max LTV, SFR, Condos & Pud’s)
• Freddie Mac Open Access (150% Max LTV, 1-4 Units owner Occupied, 1 Unit 2nd Home, 1-4 Units Investment)
• Fannie Mae DU Refi Plus (150% Max LTV, 1-4 Units owner occupied, 1 Unit 2nd Home, 1-4 Units Investment)
• Gift Funds Towards a purchase are allowed with us on FHA & Conventional
• Fannie Mae Home Path (No Appraisal, No MI, 1-4 Units, PUD, Site Condos, Primary, 2nd Home & Investments are allowed)
• Interest Only Fannie Mae Program (1 Unit, Warrantable, Condo, PUD)
• Fannie Mae My Community Mortgage (97% Max LTV on SFR, Condo & PUD, 2-Units OK)
• Non-permanent Resident Aliens can Buy (No Taxes filed in US or off shore Assets are okay. LTV restrictions will apply, portfolio only)
• Non-Traditional Credit Okay FHA Program (500 Minimum FICO)
• Non-Warrantable Condos (Fannie or HUD Project Approval not Required)
• Property Flipping – 90 Days or Less (500 Minimum FICO, 96.50 Max LTV, 1-4 Units, PUD’s, Condos)
• Short Sales – No Seasoning Required (500 Minimum FICO, 1-4 Units. FHA only)
• Unpermitted Room Additions Okay (Garage or Porch Conversion)
• USDA Home Loan (Zero Down, 640 Minimum Fico, 102.40% Max LTV)
• VA – 100% LTV (100 Financing, Qualify with a 500 Minimum Fico)
• VA Loans on Multiple Properties (500 Minimum FICO)
• NO Income Needed on VA IRRRL. 125% LTV. NO Max DTI however Borrower must meet the residual income
• Vesting Title in Entities LLC’s Partnerships, Sub Corp & Much More (Portfolio only)
• Super Conforming Loans (1-2 Units, PUD’s, Warrantable Condos, 660 Minimum FICO, 90% LTV)
• Super Jumbo up to 10 Million (Minimum FICO 680, Interest Only for 5 years)
• Asset Depletion Program (680 Minimum FICO, No Age Requirement, For self Employed, Retired & Trust Income)
• 5-10 Financed Properties (720 Minimum FICO, 75% Max LTV, 1-4 Units)
*Equal Housing Opportunity Lender. Not a commitment to lend. Rates programs fees are subject to change without notice. APR based upon processing fee, title/recording fees contact loan officer for details. Some restrictions may apply. The loan option scenario are for marketing purpose only. actual loan options will vary, depending on circumstance. Regional Real Estate only conducts business in states we are licensed in.
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