Loan Programs

FHA (Federal Housing Association)

-Down payment as low as 3.5%
-FICO score as low as 580
-2 years after bankruptcy OK
-3 years after a foreclosure OK

FHA (Federal Housing Association) Streamline Refinances

-No credit or income is required
-No appraisal needed
-Low, to no cost to borrower
-Recent changes to FHA may directly benefit existing FHA borrowers

Home Possible Loan

-As low as 3% down payment
-No minimum borrower contribution
-Low MI (based on income)

VA (for individuals who have served in the Armed Forces)

-0% down
-No Mortgage Insurance (MI)
-Competitive Rates
-Easy to qualify

HARP (Home Affordable Refinance Program) 2.0

-Loan was originated on or before May 31st, 2009
-Loan is owned by Fannie Mae or Freddie Mac
-Lower interest rates and no minimum FICO score required
-Home Value not relevant – existing loans exceeding value are OK

Foreign National Loan

-No FICO needed
-Minimum to maximum loan amount, $150,000.00 to $1.5 million
-Maximum loan to value (LTV) 70%

Apartment Loans

-Multi-family with 5 or more units
-Low debt service coverage ration
-Loan to Value (LTV) above 80% is OK, on select programs
-No maximum loan amount

Traditional

-Down payment as low as 3% on select programs
-No Mortgage Insurance (MI) on select programs
-Best rates, lowest fees and quickest closing for highly qualified borrowers

Jumbo Loans ($625,501.00 – $2.5million)

-Avoid Mortgage Insurance (MI) with less than 20% down payment on select programs
-Lower FICOs and higher loan amounts than competitors
-Avoid paying Jumbo mortgage rates

Reverse Mortgage (Borrower must be 62 years old or older)

-Maintain title to your home
-Easy to qualify, regardless of income and credit
-No mortgage payments

Renovation/Home Improvement Loans

-No minimum repair amount
-Credit score depending on Fannie Mae/Freddie Mac
-Add value to your property
-Personal or Business bank statements to qualify (restrictions may apply)
-Loan amounts up to $2.5 million
-Primary residence, 2nd home, or investment

Commercial Loans

-7(a) loan program
-The basic 7(a) loan
-Special purpose 7(a) loan programs
-504(a) loan program
-Microloan program

Home Equity Lines of Credit (HELOC)

-Stated income available for qualified buyers
-Little, to no closing costs
-No prepayment penalties

Need Help?

Call Us – (818) 476-4133

Email Us – info@pfg365.com