Having enough money saved for the purchase of a home is one of the biggest challenges.
Fortunately, there are down payment assistance programs that can help expedite your home buying dreams. Each down payment assistance program has its own eligibility requirements, so it’s important to work with a lender who has experience working with these programs.
Assists homebuyers by providing a second mortgage for down payment and closing costs, offering up to 5% of the purchase price or appraised value with gradual forgiveness over ten years.
Renovations Loans are allowed for FHA, Conventional, VA or USDA Financing for borrower
to finance home improvements in a purchase or refinance of an existing home.
ASSET QUALIFIER
THIS LOAN BEST FITS YOU IF . . .
- You have lot of money in liquid assets but your income doesn’t show it.
1099 LOAN
THIS LOAN BEST FITS YOU IF . . .
- You are a contractor not a W2 employee.
- Your taxes make it hard to qualify.
INVESTOR CASH FLOW
THIS LOAN BEST FITS YOU IF . . .
- You want to close in the name of an LLC.
- You can no longer finance using Fannie Mae due to too many homes being financed.
- Your debt to income is too high to qualify with a standard loan but the house is going to cashflow.
BANK STATEMEN TLOAN
THIS LOAN BEST FITS YOU IF . . .
- You own a business but you write everything off.
- Since your last year of filing taxes business has grown but your taxes don’t show that increase in income.
PLATINUM JUMBO
THIS LOAN BEST FITS YOU IF . . .
- You’re able to put 5% down on a jumbo loan (no mortgage insurance).
PORTFOLIO SELECT
THIS LOAN BEST FITS YOU IF . . .
- You have good credit but a recent bankruptcy or foreclosure.
FOREIGN NATIONAL DSCR
THIS LOAN BEST FITS YOU IF . . .
- Have a minimum of 30% down payment.
- You do not reside in the US
- You have 12 months of reserves held in a US bank
ITIN
THIS LOAN BEST FITS YOU IF . . .
- You have a tax ID number & no social
- Have a minimum of 15% down payment.
- No employment authorization card or green card required
