Conventional Loans
Secondary Market
Our most popular mortgage loan product.
Requirements:
- Employment: 2 years or in the same line of employment as with previous employer
- Income: No Maximum
- Housing Ratio: 28%, Debt Ratio: 36%
- Down Payment: 5%-20%
- Terms: Long Term Financing Available
- Rates: Fixed/Variable
- Monthly Mortgage Insurance: Varies
- Loan Amount: Maximum Constraints
In-House
If you want the simplest application process, this product is for you.
Requirements:
- Employment: 2 years or in the same line of employment as with previous employer
- Income: No Maximum
- Housing Ratio: 28%, Debt Ratio: 36%
- Down Payment: 20-30%
- Monthly Mortgage Insurance: If loan amount exceeds 80% of appraised value
- Rate: Fixed or Variable
Borrower(s) will be required to pay for the following expenses:
- Appraisal of property
- Credit report on applicant(s)
- Termite Inspection
- Filing Fees
- Flood hazard certification
- Title ins., title opinions/abstracting fees
- Loan origination fees and discount points
- Inspection/surveying fees
- Guarantee fees
In order to increase the speed and efficiency of your application process, please provide the following at our initial meeting:
- Completed real estate loan applicatio
- Prior three year's tax returns
- Three of your most current pay receipts/stubs
- Signed purchase agreement, if applicable