Loan Programs

Conventional Loans

  • 2022 Loan Limit:  $647,200
  • great option if you have a great credit score and little debt
  • 97% LTV allowed
  • Best option for condos

VA Loans

  • 100% financing
  • Better terms and interest rates
  • No loan limits
  • No mortgage insurance required

First Time Home Buyer Loans

  • Conventional or FHA
  • Plus Grant: 3% toward down payment
  • Plus 2nd: 4% toward down payment and closing costs
  • Income limits apply
  • Don't have to be a first time homebuyer

FHA Loans

  • 3.5% required down payment
  • allows for lower credit scores and higher debt
  • Manual underwriting allowed
  • Mortgage insurance required
  • Escrows required

Rehab Loans

FHA 203(K) Limited

  • Minor remodeling
  • No minimum and up to $35k in repair amount
  • HUD consultant not needed
  • Max completion time: 90 days

FHA 203(k) Standard

  • Structural changes are allowed
  • $5k minimum and no max repair amount
  • Landscaping and hardscaping allowed
  • Max completion time: 180 days

Homestyle Renovation:

  • Renovations/repairs up to $100k
  • Max LTV 97%
  • Finance improvements up to 75% of the as-completed appraised value of the property
  • Primary and 2nd homes

Investor Loans

  • purchases, R/T, cashout refinances
  • no limit on the total number of properties
  • No personal income used to qualify
  • Qualification based on property cash flow
  • Can close in LLC name