Loan Products
Conventional Fannie
Mae & Freddie Mac
Fully Amortizing Fixed Rate and High Balance -
The standard in mortgage lending. Offering competetive rates for a multitude of borrowers and financing situations.
Fannie Mae HomeReady
Designed to serve today’s market of creditworthy, low to moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. A great option for first-time homebuyers and qualified borrowers who may lack the funds for a larger down payment.
Freddie Mac Home Possible & Home Possible Advantage
Designed to meet the needs of low and moderate income borrowers by providing flexible financing options that help them achieve homeownership.
Texas Equity 50(a)(6)
Offers flexible financing on the refinance of any Texas property is currently or has previously been subject to a cash-out refinance transaction.
HomeStyle Renovation
Provides a convenient and economical way for borrowers considering moderate home improvements to make repairs and renovations with a single-close first mortgage.
DU Refi Plus
Offering reduced verifcation and documentation to qualifying borrowers who have an origanal Fannie Mae morgage with a note date prior to Jun 1, 2009.
Relief Refinance Mortgage - Open Access
Offering reduced verification and documentation to qualifying borrowers who have an origanal Freddie Mac morgage with a note date on or before May 31, 2009.
Government Loans -
FHA, VA, USDA
FHA Standard 203(b)
The centerpiece of FHA’s single family mortgage insurance program. It allows a person to purchase or refinance a principal residence, often with lower credit restrictions and smaller down payments than their Conventional counterpart.
FHA 203(b) Repair Escrow
Intended to facilitate uncomplicated rehabilitation to a home being purchased from HUD.
FHA Streamline Refinance
This program was specifically designed to help existing FHA homeowner’s lower monthly mortgage payments and interest rates with minimal documentation and without the need for an appraisal.
FHA Standard and Limited 203(k) Rehabilitation Mortgages
Used to purchase or refinance a home that needs rehabilitation or major repairs. Rather than having to obtain a separate loan to finance the cost of the repairs or walking away from a home they love because they don’t have the cash for home improvements, the FHA 203(k) allows you to finance the rehab costs within the first mortgage.
FHA & VA One-Time Close
Finance the construction, lot purchase, and permanent mortgage all with a single One-Time Close loan. No Re-Qualification. No Second Appraisal.
VA Fully Amortizing Fixed
A program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing.
VA IRRRL
The VA Interest Rate Reduction Refinance Loan lowers your interest rate by refinancing your existing VA home loan.
Guaranteed Rural Housing (USDA)
Loan Program is designed to assist households in obtaining adequate but modest, decent, safe and sanitary dwellings and related facilities for their own use in rural areas. Loans are limited to applicants with incomes that do not exceed state and local Rural Development (RD) median income limits and property that is designated as rural by RD. Borrowers can finance up to 100% of the appraised home value or a borrower can have a gift or grant go toward a down payment with no money out of pocket.
Non Conforming
Loans
Jumbo Loans
We offer a variety of Fixed & Adjustable rate jumbo products from 453,100 to 2.5M with Fico scores as low as 680
New! Low Down Payment Jumbo
High CLTV, up to 95% for Primary Residence Purchases, for the Full Doc Jumbo Loan Program. Available for loans over $453,100 up to a max loan amount of $1,500,000
Jumbo Split
Provides an option for jumbo properties to split financing between a first and second lien in order to avoid increased jumbo pricing and lower LTV limits. 1st lien loan amounts to 424,100 and second lien loan amounts up to 600,000. 90% CLTV standard, with exceptions to 95% CLTV in some cases.
Jumbo Elite
Exclusive rate incentives for borrowers with 700+ FICO. Loan amounts up to $2 million. Eligible for primary and second homes. Fixed rate and ARM loans available.
Reduced Doc Jumbo
Provides certain self-employed borrowers the opportunity to use alternative documentation to document income. 700 Minimum FICO. Must meet minimum Net Worth and Liquity Requirements.
Loan Product Enhancements
Escrow Holdbacks – Now allowing Escrow Holdbacks to allow for repairs/improvements after closing, Including Pools. NO ADDITIONAL PRICING HITS APPLY. Exludes 30 yr Fixed Jumbo product, No foundation or roof repairs allowed.