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| SL 100 Program (EM) |
| Interest Only Products |
| Fixed Period ARMs |
| Zero Down & Low/No Doc. Programs |
| PayOption ARM |
| Home Equity Lines |
| FHA |
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SL 100 Program (EM)
This loan program is designed for those borrowers who lack the cash for down payment and would like 100% financing to purchase their home. This program is very flexible to those with prior credit impairments.
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Interest Only Products
When you're looking for the lowest payment possible,consider our Interest Only home loan programs.
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- Qualified borrowers pay Interest only for the first 10 or 15 years of the loan for the fixed loan programs and;
- Qualified borrowers pay Interest only for the first 3, 5, 7 & 10 years of the loan for Fixed Period Adjustable Rate Mortgages
- As little as 5% down for home loans up to $400,000
- Loan amounts available up to $2,000,000
- Reduced Documentation option available for qualified borrowers
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Fixed Period ARMs
| These adjustable-rate mortgage (ARM) loans feature a lower initial rate with the stability of a fixed payment for the first 3, 5, 7, or 10 years. If you're planning to move or refinance during the fixed period, these loans could be just right for you. |
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Details |
- Lower initial rate with the stability of a fixed payment for the first 3, 5, 7 or 10 years
- Interest Only payments available for qualified borrowers
- Loan amounts up to $2,000,000
- As little as 5% down
- No and low documentation programs available for qualified borrowers
- 100% financing available for qualified borrowers
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Zero Down & Low/No Doc. Programs
| The following loan programs can be perfect for qualified borrowers who prefer not to provide all the normal documentation regarding income and assets. |
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Details |
- No Income/No Asset - where income and assets are not disclosed on the application nor verified.
- Stated Income/Stated Asset - where income and assets are stated on the application but not verified.
- No Ratio - where income is not disclosed nor verified, but assets are verified.
- High balance loan amounts available
- As little as 5% down payment required on loan amounts up to $400,000.
- Available for fixed rate and fixed period ARMs
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| Expanded criteria can also be used by qualified borrowers for loan programs with no down payment requirements. |
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Details |
- Available with 80/20 program where the 1st mortgage is at 80% up to $400,000 and the 2nd mortgage is 20% to $100,000 with a combined maximum available of $500,000 loan amount.
- Zero down program where the closing costs, mortgage insurance premiums and prepaids may be financed up to a maximum of 3% and a maximum LTV of 103%.
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PayOption ARM
| Get more power over your monthly finances with our Pay Option Adjustable Rate Mortgage loans (ARMs). |
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- Low monthly payments with up to 4 different payment options each month
- Low starting rate
- Stated Income and Stated Asset options available for qualified borrowers
- Loan amounts up to $2,500,000
- Investment properties, High Rise Condos & 2-4 units OK
- Down payment options as low as 5% for qualified borrowers
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Home Equity Lines
| A Home Equity Loan is ideal for borrowers who are looking to get a revolving line of credit with flexible payment options and the ability to reuse the funds. This program offers qualified borrowers interest only minimum payments during the draw period. |
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- Loan amounts to $500,000
- Low starting rate
- Interest only payments during the draw period
- Available as a first mortgage up to $650,000
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FHA
In today's marketplace, FHA is an excellent financing vehicle for those seeking financing with little or no down payment. Some of the excellent features of an FHA - Government Guaranteed Loan are:
- Low Down Payment (3%) and No Down Payment in some cases
- Entire Down Payment can be a GIFT from an acceptable donor
- Very liberal underwriting with forgiveness for past delinquencies
- 6% Seller Paid Closing Costs and/or Concessions
- Low monthly Mortgage Insurance
- First Time Home Buyers eligible
- Very competitive Interest Rate
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