We offer
a full range of conventional conforming home loans, including fixed- and adjustable-rate
products, balloon products, and even interest-only programs to meet all your borrowers'
needs. For larger loan amounts, we have jumbo loans up to $2,000,000. 
Our ARMs are now offered with a
new index, the LIBOR. We offer 3/1, 5/1, 7/1 & 10/1 ARMs under conforming
& non-conforming products including Fast & Easy and Expanded Criteria
Conforming Balance programs. These ARMs are fixed for the first 3, 5, 7 and 10
years, then are converted to a one-year ARM tied to the LIBOR index. There is
also an interest-only option.
Our Fast & Easy program offers qualifying
borrowers with excellent credit, who could otherwise provide documentation, a
mortgage up to 95% LTV/CLTV without verification of income or assets. This loan
program offers a great price for borrowers with high quality credit. Borrowers
can be self employed or salaried, and there are no reserve requirements.
Mortgage loans are offered for
fixed rates, ARMs and Conforming Fixed Period 3/1, 5/1, 7/1 & 10/1 ARMs. We
also offer many "no income" programs such as our Reduced Doc, No Ratio
and No Income/No Asset s and Stated Income/Stated Asset programs. You'll
also want to check out our two Zero Down products: - Zero
Down 103% Plan up to $375,000, a loan that allows borrowers to finance up to 100%
LTV. They can even include up to 3% closing costs and prepaid fees in the loan
amount, for a total LTV of 103%!*
- Zero Down, 80/20 with
a combined loan amount up to $500,000.The second can be a HELOC or Fixed Rate
and there are no Mortgage Insurance requirements.
We offer a full
range of government loans, including: - FHA Streamline
Refi's
- VA IRRRLs (interest rate reduction refinance loans)
But we don't stop there. If you are new to these
programs, we can walk you step-by-step through the FHA/VA approval process and
supply you with all of the necessary forms and training manuals.
This program is the "simple"
answer for low to moderate income financing. As long as your borrower's income
doesn't exceed 100% of the MSA median income, he or she may qualify for as little
as 3% down. Plus, the down payment can be a grant, "affordable second"
or unsecured loan (from a non-profit community organization, government agency
or the borrower's employer), or can come from the borrower's own funds or a gift
from a family member. Only one month of reserves is required. Premium pricing
is allowed for closing costs/prepaids, and homebuyer education is not required!
This
program is ideal for first-time homebuyers and move-up borrowers who lack the
funds for a down payment and closing costs but have good credit. Your borrowers
may qualify for a Flex loan with as little as 3% down payment plus, the down payment
can be a grant, an "affordable second" or "unsecured loan".
Also, there are no median income restrictions and no homebuyer education requirements.
These loan products
feature down payments as little as 3%, alternative sources of credit, more flexible
underwriting guidelines, and more. Open the door to home ownership for more of
your borrowers with our We House America programs! The Rural Housing Service
(RHS) loan is an affordable lending product designed to get residents in designated
rural areas into a home that they would not otherwise qualify for. Some of the
most attractive features include: - 100% LTV based on
the appraised value of the home
- No down payment
- No
cash reserves required
- No MI requirement (a guarantee fee
is required)
- Manufactured housing permitted
Call
your local branch for details and find out how this very popular loan program
can increase your list of satisfied homeowners!
Within every home lies some equity… Home
equity credit is one of the most popular forms of consumer credit among homeowners.
As a homeowner, you can enjoy a new source of income while meeting more of your
borrowers' financial needs with our Home Equity Credit Program featuring lines
of credit and fixed-rate seconds. These products offer minimal paperwork, low
start rates, and three different risk grades to qualify more borrowers. Loan
Programs - One Call, Two Loans, So Many Benefits! When borrowers
"tandem" a Home Equity Line of Credit (HELOC) or Fixed Rate Second with
their first mortgage, they may qualify for a larger loan amount, eliminate MI,
or avoid jumbo pricing. Our Tandem Loan Programs let you close two loans at the
same time without extra documentation - this benefits you and your borrower! For
example, we have an 80/20 Tandem package under our Expanded Criteria family, requiring
no down payment, and STILL no MI! We also have an 80/10/10 Super Streamline HELOC
with our Fast & Easy program for borrowers with excellent credit, which allows
you to offer a great loan at a great price, with no mortgage insurance and no
reserves. Streamline Home Equity Line of Credit! Our
Streamline Home Equity Line of Credit is a pre-approved home equity loan for your
borrowers who funded an eligible first mortgage up to six months ago. Turn existing
borrowers into new business with our Super-Streamline HELOC program with no documentation
requirements. Also the Super Streamline HELOC can close concurrently with a Fast
& Easy loan for salaried or self-employed borrowers with excellent credit,
allowing you to offer a package at a great price, up to 90% CLTV, with no reserves
and no mortgage insurance.
| 
