Products

Conventional Construction-To-Perm Loan

• True one time close.
• Up to 90% financing.
• Rate locked at closing with a “Float Down” option.
• Interest only payments during construction.
• Available for primary residence and second home.
• No maximum DTI (determined by DU).
• Lending partner paid at time of closing.

Home Loan for Doctors Program

Purchase a new home with a loan that requires low down payment, no money of your own into transaction required, competitive rates. Flexible qualifications with future income considered!

• 30,20,15,10 Year Fixed
• One unit Purchase & R/T
• 95% LTV
• LP Accept determines DTI
• 720 Min credit score
• No Minimum Borrower Contribution (100% of needed funds can be gifted)
• Student loans deferred 12 months
• Future employment/raises may be used with proper documentation
• Reserves determined by LP

Eligible Borrowers Include: Medical Resident,Medical Doctor (MD), Doctor of Dental Science (DDS), Doctor of Dental Medicine (DMD), Dental Surgeons specializing in oral and maxillofacial surgery, Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Podiatric Medicine (DPM), Doctor of Osteopathy (DO)

FHA 203(K) Loan

• 203(K) standard and limited program available.
• Available on purchase and refinance transactions.
• Financing up to 96.5% LTV, 100% CLTV.
• $100 down payment loan available for HUD homes.
• Primary residence only.
• Contingency reserve included in financing.
• Mortgage payment reserve allowed.
• Lending partner paid at time of closing.

VA Construction-To-Perm Loan

• True one time close.
• Up to 100% financing.
• Loan amounts up to $650,000 (with downpayment).
• Rate locked at closing with “Float Down” option.
• Interest only payments (must be paid by the builder).
• Available for primary residence only.
• No Maximum DTI (Need DU or LP Approval). On Non-Conforming Loan Amounts the Maximum DTI is 50%.
• Lending partner paid at time of closing.

Veteran Improvement Program (VIP)

• Allows a veteran to purchase or refinance a home  and finance the cost of improvements and/or repairs.
• 100% financing available.
• Minimum amount of repairs/improvements $5,000.
• Maximum amount of repairs/improvements $50,000.
• Available for 1-4 unit properties.
• Underwritten by DU or LP.