Products

First Time Homebuyer

More loan options are available for first time homebuyers than ever before. A wide variety of mortgage options and programs are available specifically for first-time homebuyers.

MORTGAGE OPTIONS & PROGRAMS AVAILABLE FOR FIRST TIME HOMEBUYERS

– Down Payment Assistance Programs
– Programs that allow gift funds from friends or family
– Non-repayable grants for down payments and closing costs

Purchase

Do you think you have found your forever home? What about the perfect place for your family to vacation? Do you plan on purchasing a house as an investment property?

If any of these sound like your current frame of mind, we can help with your Home Purchase!

Foreing Nationals

Foreign National Loans Obtaining a loan for a real estate in USA for Foreign Borrowers Mortgages are approved for terms up to 30 years. For the first 3-5 years the interest rate is fixed, thereafter the rate will change in accordance with the LIBOR (London Inter-Bank Offered Rate) index. It usually takes from 30 to 45 days to close. In order to obtain a mortgage a 30% down payment of the purchase price is required. Mortgages may also be issued to a U.S. Corporation or LLC as well as to an individual.

Items required to obtain a mortgage loan.


– An account with an American Bank with sufficient funds for the down payment, transaction funds and any reserve requirements. All the funds should be totally transferred to your American Bank account. Only after these funds are transferred can you then move money for escrow to an attorney or developer.
– A recommendation letter from your bank, it is required that your account is open at least two years.
Borrower must have sufficient funds in their home country relative to their income.
A letter indicating your income should be provided from the following: (1) if you are a self-employed business owner, a letter from an independent accountant or auditor that is not related to your business in any way.

– Additionally, it would be advantageous if the business has an Internet web page; if you do not have a web site then it will be necessary to provide company marketing material such as brochures or catalogs. (2) If you are an employee, a letter from your employer is required.
– You will also need to provide copies of utility bills from your country which indicate your name and address of your residence. For example: rent, telephone, water, electric or gas bill.
– Prior to processing your mortgage loan file, it will be necessary to pay for the cost of an appraisal (Property Evaluation), document translation to English if necessary. This will cost between $350 and $1500 depending upon the purchase price of the property.

Reverse Mortgage

Are you 62 years of age or older? Do you own your home but you just need a little extra money in your pocket? Our reverse mortgage program could be your perfect solution!

We have many dedicated Loan Officers who would love to help you with your Reverse Mortgage.

Hard Money

Low doc home loans are for those who are self employed and are unable to prove their income through traditional means. This is the only way that you can borrow without recent tax returns or financial statements. You may have already found that choosing the right low doc home loan can be difficult as lenders have different requirements and interest rates.

Refinance

Do you feel so burdened by your current mortgage payment but you can’t bear to leave your beloved home? Maybe you just need a better rate to lighten the current payment.

If you are rethinking your monthly mortgage payment, we’d love to help with your Home Refinance!
 

Conforming Loans

This product offers more buying power to homeowners when shopping for a new home. Starting with 0% down payment they can obtain a new mortgage, however mortgage insurance will be required. This applies only for Condominium Unit Mortgages and condominium projects that are meet to be sold to Freddie Mac or Fannie Mae.

FHA Loans

FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by a FHA-approved lender. FHA insured loans are a type of federal assistance and have historically allowed lower-income borrowers to obtain a mortgage for the purchase of a home that they would not otherwise be able to afford. Great program for first time home buyers that allows 0% down payment.

VA Loans

The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. Eligible areas are designated by the VA as housing credit shortage areas and are generally rural areas and small cities and towns not near metropolitan or commuting g areas of large cities.

Stated Income

These loans are nominally intended for self-employed borrowers who might have difficulty documenting their income. Stated income loans have been extended to customers with a wide range of credit histories, including subprime borrowers.

No Income Loans

No Income loans fill a gap of situations which normal loan standards would not approve. This would seem prudent for a person just owning their main home. However, a real estate investor may have multiple properties and for each may receive only a small amount more than their loan payments on each house, but end up with disposable income.

Bank Statement Loans

It could be their business and personal bank statements for the last 2, 12 or 24 month. It allows them not like any other banks to use their average monthly deposits as average monthly gross income

Condo Hotel Loans

It allows you not like any other banks to borrow up to 70% of the purchase price or appraised value whichever is lower. It has no limitations non-warrantable condos and this product applies to domestic buyers as well as to foreign buyers.

Jumbo Loans

This product is design for high worth individuals who values their credit worthiness and respect. It delivers many benefits such as ridiculously low rates, ability to choose an Adjustable or Fixed Rate option and it applies for both condo and single family homes.

Private Money Loans

Private Money Loans are typically issued by private investors or finance companies. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk taken by the lender. Most Private Money Loans are used for projects lasting from a few months to a few years. Private Money Loan is similar to a Bridge Loan, which usually has similar criteria for lending as well as the cost to the borrowers.

Fix and Flip Loans

We also offer a two-year term gives you the flexibility to fix & flip, buy & hold, engage in an extended rehab, or even qualify for a conforming loan down the road. This type of loan secured by the Mortgage is exempt from any provisions of the Real Estate Settlement Procedures Act of 1974, as amended and Regulation “X” of the Secretary of Housing and Urban Development because the proceeds of the Loan and the Loan proceeds are being used for as an extension of credit primarily for a business, commercial, or agricultural purpose, as defined by 12 CFR 1026.3(a) (1) of Regulation Z.

Commercial Loans

Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a realistic budget, sometimes called the “story” behind the loan.

Construction Loans

Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on permanent mortgage loans. To gain approval, the lender will need to see a construction timetable, detailed plans, and a realistic budget, sometimes called the “story” behind the loan.