Facing Mortgage Challenges? Call us today at (408) 900 6789 for a personalized consultation.
New to home buying? We can help you:
- Get tax credits of up to 20% of your mortgage interest
- Find local down payment assistance programs
- Navigate first-time buyer programs for better rates
Lenders typically limit your debt-to-income ratio to 43% (mortgage plus other debts compared to monthly income). If your desired home would exceed this ratio, we can:
- Find lenders accepting higher debt-to-income ratios
- Convert investment assets to "income" for qualification purposes
- Utilize restricted stock grants as income if received for 2+ years
- Explore Non-QM loan options
Most lenders require credit scores of 680+ for conforming loans or 720+ for jumbo loans. If your score falls below these thresholds, we can:
- Provide rapid credit repair assistance
- Connect you with lenders accepting scores as low as 500
- Guide you toward FHA or Non-QM loan options
Have home equity but short on cash? We can:
- Arrange unlimited cash-out refinancing options (up to $2 million with sufficient home value)
- Structure reverse mortgages with monthly payments to you
Most lenders require 2 years in the same field. If your employment history is limited, we can:
- Access niche programs accepting foreign work experience
- Leverage your educational background to substitute for work history
- Connect you with lenders requiring just 6 months of employment
Standard loans require 20% down, with mortgage insurance for lower down payments. To maximize your purchasing power, we can:
- Structure 80/10/10 combination loans to eliminate mortgage insurance
- Accept family gift funds for down payment
- Leverage 401k/life insurance policy loans
- Use equity from other properties as cross-collateral
- Access programs with minimal down payments (1% down, FHA, VA, local assistance)
Not a US citizen or permanent resident? We can still help:
- Access mortgage options for various visa types
- Find solutions for borrowers without Social Security numbers
- Work with our specialist lenders experienced with non-citizen borrowers
- Contact us to discuss your specific immigration status and loan options.
Non-QM loans don't conform to standard qualified mortgage rules established in 2010. These alternative lending options are typically offered by private investors and select banks.
ADVANTAGES - Easy to qualify
- Higher debt ratio allowed (up to 55%)
- Alternative assets accepted for qualification
- Interest-only payment options available
- Stated income accepted (without tax return verification)
- 40-year terms with lower payments
- Negative amortization options for stable payments
| DISADVANTAGES - Higher interest rates (0.5% to 2% above conventional)
- Potentially shorter initial terms (1-5 years)
- May include prepayment penalties
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The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and 2-4 Units. Learn more about FHA loan requirements and guidelines by calling our experienced loan advisors.
ADVANTAGES - 3.5% down payment, lower interest rates
- Seller contribution accepted
- Imperfect credit accepted
- Easier to qualify
| DISADVANTAGES Requires mortgage insurance, owner occupied properties only - May increase monthly payment by up to 25%
- Loan amount up to $636,150 (each county has different loan limit, call our loan advisor to find out)
- Program choice limited: 30/30, 5/15, 5/1 and 1/1 ARM
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A reverse mortgage is a type of home loan for older homeowners (age 62+) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance. Reverse mortgages allow seniors to access the home equity they have built up in their homes now, and defer payment of the loan until they die, sell, or move out of the home. Because there are no required mortgage payments on a reverse mortgage, the interest is added to the loan balance each month. The rising loan balance can eventually grow to exceed the value of the home, particularly in times of declining home values or if the borrower continues to live in the home for many years. However, the borrower (or the borrower's estate) is generally not required to repay any additional loan balance in excess of the value of the home.
ADVANTAGES - No monthly payment
- Do not need income, credit, or asset to qualify
- Receive payment from bank every month
| DISADVANTAGES - Restricted to seniors 62 years of age or older only
- Higher interest rate
- Deplete home equity for heirs
- Low loan-to-value ratio
- Higher loan fees, hidden fees
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