FHA
FHA is a government agency that was created in 1934 to help facilitate growth in loan opportunities, by allowing an alternative to purchase a home with as little as 3.5% down payment and less than perfect credit.
Highlights
- As little as 3.5% down payment- funds can be a gift from a family member.
- Less than perfect credit score.
- Flexible debt to income ratios.
- Seller contribution to closing cost is allowed.
Conventional
We offer a variety of Fannie Mae conforming fixed rate mortgages.
Highlights
- No upfront mortgage insurance.
- No mortgage insurance with 20% down payment or Lender can pay for your monthly mortgage insurance.
- Competitive interest rates.
- Lower cost.
- Allows for higher loan amounts.
VA
In 1944 the US government created a military loan guarantee program to help qualified service member’s purchase a home.
Highlights
- Zero down payment.
- No Mortgage insurance.
- Competitive interest rates.
- Easy qualification criteria
USDA
USDA loans provide low to moderate income borrowers affordable housing options, must meet certain eligibility guidelines.
Highlights
- Zero down payment.
- No cash reserves.
- Finance closing cost.
Jumbo
Discuss your financing options with one of our mortgage professionals.
Highlights
- Owner Occupied & Second Home.
- Loans from $548,250 up to 3 Millions.
- Fully Amortizing 5/1 – 7/1 – 10/1 Arm.
Reverse
HECM works like an annuity and can help you tap into the equity and enjoy a better quality of life through retirement.
Highlights
- Take out your equity now.
- Eliminate mortgage payments.
TAX ID LOANS
We can make the American dream possible for anyone! Contrary to popular belief, it’s possible to get a mortgage without a social security number or legal status in the U.S. In fact, the U.S. is one of the only countries that allows non-citizens to obtain property. If you are interested in applying for an ITIN Loan, we can help you!
Highlights
- Most Property Types Accepted
- 12 Months Of Bank Statements, DIR 1 year taxes (Personal Or Business)
- Gift Funds Allowed
- Competitive Rates
- Fast Turn Times
BANK STATEMENT
MORTGAGE
Credit scores starting at 640
Up to 85% LTV, No MI
Angel Oak’s Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business.
Highlights
- Loans up to $3 million with a minimum of $150,000
- 12 or 24 months business or personal bank statements
- Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and non-owner occupied
- 40 year fixed interest only available
- Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
- Non-warrantable condos allowed
FOREIGN NATIONAL
International credit report or letter of good standing with current financial institution. No income verification with loan amounts up to $2M.
Highlights
- 1 to 4-unit properties.
- Qualify on DSCR
- No income verification
- Non-Owner Occupied only
- 5yr/7yr ARM & 30-year Fixed
- 65% Max LTV Purchase
- 60% Max LTV Refinance