When you are self-employed or a business owner and you want to buy a home, you fill out the same application as everyone else. The same factors are considered: your credit score, how much debt you have, your assets and your income. So what’s different? When you work for someone else, lenders go to your employer to verify the amount and history of that income, and how likely it is you’ll keep earning it.
Construction Mortgage Programs
Our New Construction Programs is a one-close construction loan:
- 70% LTV with no requalification required post-construction
- 90% LTV option with requalification required post-construction
- Simple and flexible draw process with no set schedules
Conforming Mortgage Programs
Conforming mortgages are ideal for borrowers with good or excellent credit buying a Primary, Secondary or Investment Property up to $766,550 for 2024. Underwriting guidelines are fairly conservative set by Fannie Mae and Freddie Mac:
- Borrower credit scores – min 620.
- Minimum down payments of 3%.
- Debt-to-income ratios under 50%.
FHA Mortgage Programs
Federal Housing Administration mortgages have flexible lending standards to benefit:
- Minimum Down Payment of 3.5%.
- Minimum score of 620.
- Homebuyers with small down payments and refinancers with little equity.
Jumbo Mortgage Programs
Jumbo mortgages are home loans that exceed the conforming loan amounts of $766,550. A jumbo loan is one way to buy a high-priced or luxury home:
- Credit scores as low as 680 may qualify
- Buy a home with as little as 10% down payment
- Loan amounts up to $5,000,000
Renovation Mortgage Programs
Our renovation remodeling loans allow you to roll the costs of repairs or upgrades. Benefits include:
- One Loan: The loan covers the purchase plus renovation costs
- Renovation work can begin immediately
- Simplicity: Just one application, one closing, and one monthly payment
Veterans [ VA ] Mortgage Programs
Because the VA guarantees a portion of your loan, you won’t need to pay mortgage insurance:
- Credit scores as low as 620 may qualify
- Buy a home with as little as $0 down
- Certificate of Eligibility
- VA loans were designed to offset common financial challenges faced by military families and veterans.
Investment Home Mortgages
Thinking of buying an additional property for a new source of income? Consider an investment home with the option of long or short terms rental income:
- Minimum down payment of 15%
- Minimum credit score 700
- Debt to income ratio under 43%
Second Home Mortgages
Buying a second home or vacation home is a dream for many Americans. It is occupied by the owner some portion of the year and is a good decision for retirement:
- Minimum down payment of 10%
- Minimum credit score 680
- Debt to income ratio under 43%