Simplicity Mortgage
Conventional Loans have down payment as low as 3% and can be used for primary, second homes, vacation, and investment loans up to $679,650. 100% gifts allowed. Recasting available. Good credit and more down payment for conventional loans provides ample flexibility and savings opportunity over the life of the loan. Lower costs by eliminating upfront as well as monthly mortgage insurance requirements. Flexible repayment period terms - generally, the shorter the repayment period, the more competitive the interest rate.
VA Loans offer 100% financing - down payment as low as 0%. Waive all escrows - monthly payments without property taxes and homeowners insurance. Low interest rates. No monthly mortgage insurance required. Gift funds allowed. VA funding fee can be financed or zero funding fee for disabled veterans. Exceptional benefits for those who have served our county - veterans, reservists, and active duty personnel.
SELF-EMPLOYED
We have bank statement loan options for self-employed borrowers. Two years self-employment required for most loans. Can be partial company owners. Loans up to $3 million. Up to 90% loan to value on personal and business with no mortgage insurance. 100% deposits for personal statements. 50% deposits for business statements.
The time to refinance is now - rise above rising rates. Cash out for debt consolidation. Eliminate monthly PMI. Reduce your balance faster with a lower interest rate or within a shorter term. With a lower interest rate, you pay more principal with each payment - accelerate your equity. Utilize a cash-out refinance to renovate your home, purchase a second home, take a dream vacation, create a college fund, and much more. Cash out refinances from 80% to 85% LTV.
FHA loans generally requires as little as 3.5% down on the purchase of a home. Government requirements feature some of the highest allowable debt to income ratios, lower FICO scores, and low interest rates. Credit qualifying criteria not as strict. Gift funds allowed from qualified donors. Seller concessions up to 6%.
Construction loans are available to finance construction with ease. Our fast and simple loan process offers you a wholesale rate and fewer closing costs paid out of pocket. CD prior to final loan approval. Certificate of Occupancy not needed on conventional loans. 180 day rate lock option.
CONDOS
Condo loans feature down payments as low as 3%. Low interest rates. Fast closings. Buying a condo has never been easier. Putting 10% down on primary or 25% down on second homes may create eligibility for streamlined approval, eliminating the need for full condo review or condo questionnaire. 60 day lock and shop option. Options for condos in litigation.
