Loans Programs & Features

Conventional 97% LTV

  • Finance up to 97% of home purchase price, 105% CLTV
  • Flexible sources for borrower contribution
  • Maximum 45% total DIT
  • Minimum 620 FICO credit score.
  • Accommodates local DPA programs and Mortgage Credit Certificates

FHA 203b

  • Finance up to 96.5% of home purchase price, 105% CLTV
  • Flexible sources for borrower contribution
  • Expanded qualify ratios with compensating factors
  • Minimum 620 FICO credit score.
  • Accommodates local DPA programs and Mortgage Credit Certificates
  • 1 to 4 units
  • No income restrictions

Fannie Mae HomeReady® Mortgage

  • Low down payment as low as 3% down payment for home purchase and refinance transactions
  • Flexible sources of funds can be used for the down payment and closing costs with no minimum contribution required from the borrower’s own funds (1-unit)
  • Reduced MI coverage requirement above 90% LTV; cancellable MI per Servicing Guide policy
  • The online Homeownership education Framework® course prepares borrowers for sustainable homeownership; other education and housing counseling options are available
  • Click here to read more about this loan program

Freddie Mac Home Possible Advantage®

  • No minimum borrower contribution from borrower personal funds
  • Gifts from related persons and other sources of funds permitted for down payment and closing costs
  • No minimum LTV limit
  • No reserves required, lowering cash needed to close
  • Flexible homebuyer education requirement
  • Click here to read more about this loan program

VA

  • 100% financing for qualified military personnel and veterans
  • Flexible credit

USDA

  • No down payment (100% financing)
  • Don’t need to be a first-time home buyer
  • Seller can pay your closing costs
  • Lower minimum credit scores Low monthly mortgage insurance premiums
  • Click here to access the USDA Income and Property Eligibility Site

CRA Loan Programs

  • Lower down payment
  • Lower or no mortgage insurance
  • Not limited to first-time home buyers
  • No income limits (relative to AMI) if you buy in a low to moderate income area
  • Seller can pay your closing costs