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Home / RESOURCES / FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions

First time home buyer

How do you offer the best residential mortgage rates?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

How do you offer the best residential mortgage rates?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

What's the minimum down payment needed for a first time home buyer?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

What's the min credit score for a first time home buyer?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

What if my credit score is less than 580?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Can cash be used for down payment?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Non-traditional

I'm self employed and write off all of my income. Are there any options for me?
Yes, we have several non-traditional loan products. The favorite is the bank statement program. The bank statement program allows your income to be calculated based off 12 or 24 months worth of bank statements as opposed to using your tax returns. Monthly income is calculated by using cash flow to bank account.
What if I have a bankruptcy within last 2 years and/or a foreclosure within last 3 years?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do I need to be a US citizen to purchase a home?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do we write mortgages on non-warrantable condos?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

What if my credit score is less than 580?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Can cash be used for down payment?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Refinance

Why would I refinance?
You have a higher interest rate than the current market or you are looking to shorten your loan term. Maybe you need cash or want to consolidate debt. Or use a renovation refinance to update your home.
Is there a difference in refinance process than that of buying a new home?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

How soon can I refinance?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

How often can I refinance?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

What are the basics for the renovation refinance loan?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do we offer any special refinance items?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Investor Loans

I'm a real estate investor, what's your minimum credit score?

Case by case basis but usually 500.

Do you off no ratio loans? (where no income is used to qualify)

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

How does the Airbnb Loan Work?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do you offer Multi-family loans?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do you offer mixed use loans?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

Do you offer commercial loan?

We know the industry and know how much other companies are trying to make off every loan. We have our comp levels set at least a half point lower than the competition which allows our company to always provide the lowest rate at the lowest cost on any given day.

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