Professional Mortgage Services

We specialize in the following areas:

• Residential, commercial and investment real estate
• Residential, commercial and Investment financing
• The real estate buying and selling process
• The mortgage loan process for conventional, FHA, VA, USDA and 203(K) loans

CONVENTIONAL LOAN PRODUCTS

ELITE

· 700+ FICO, up to 80% LTV

· Loan amounts from $200,000 up to County Loan Limits

· Eligible for primary and second homes and investment properties

· Appraisal Waivers honored

· Underwrite to AUS findings

· Includes Conventional, High Balance and ARMs

ELITE M.I.

· 640+ FICO

· Among the lowest mortgage insurance rates in the industry

· Instant M.I. saves 3-7 days on the loan process

· No overlays

· No adjustments for DTI or number of borrowers

· Starts at 640 FICO

HOMEREADY

· Purchases up to 97% including FTHB

· Refinances serviced by FNMA eligible up to 97% LTV

· Reduced Mortgage Insurance

· High Balance available

· Relaxed AMI income limits based on census tracts

· Gift funds eligible for entire down payment

· Appraisal fee credit up to $525 given at closing

HOME POSSIBLE

· Up to 97% LTV

· First time homebuyers, move-up borrowers, and retirees

· Refinances up to 97% LTV, regardless of current mortgage program

· Appraisal fee credit up to $525 given at closing

· High Balance available

HOMEONE

· Purchases up to 97% LTV

· No income restrictions

· Available in all geographic locations

· Eligible for single family homes, including townhouses and condos

· No cash-out refinances available up to 95% LTV

85% CONVENTIONAL CASH-OUT REFINANCE

· 740+ FICO

· 85% LTV Maximum

· Primary homes only

· Reduced mortgage insurance premiums

HIGH BALANCE NATIONWIDE UP TO 90% LTV

· Lender’s Mortgage Insurance Buyout is typically cheaper than LPMI with no M.I. certificate needed

· Purchases up to 90% LTV; refinances up to 80% LTV

· Min 680 FICO; Max 43% DTI

· Loan amounts from $484,351–$726,525

· Better rates, easier guidelines and faster turn times than Jumbo

· No manual underwrite — just run through DU, receive an Approve/Ineligible response, and submit to Lender

· Eligible for primary and second homes

Conforming in all material respects except for loan amount in certain markets.

ELITE HIGH BALANCE

· 700+ FICO

· Up to 80% LTV

· Loan amounts from $484,351 up to County Loan Limits

· Appraisal Waivers honored

· Underwrite to AUS findings

· Includes Conventional, High Balance and ARMs

HIGH BALANCE

· $484,351+ loan amount

· LTV's as high as 90%

· 640+ FICO

· Underwrite to AUS findings

· Available in all 50 states, both fixed and Adjustable Rate Mortgage loans

ARMS

5/1, 7/1 or 10/1 low interest rate ARM.

· Provides savings with lower rate and payment options

· We quickly and easily price out your loan with Easy Qualifier (EQ) to determine our borrower’s best scenario

· Reduced caps to 2/2/5 on 5/1 ARM

· 7/1 ARMs qualify at the actual note rate

FLEX TERM

· Available on all conventional loan products

· Terms available from 8–30 years

LIMITED REVIEW CONDOS

· Available in all 50 states

· No condo questionnaire required

SINGLE PREMIUM M.I.

· Both financed and non-financed options available

· Down payment as low as 3%

· Use seller contributions to eliminate monthly M.I.

· Accommodate a low rate and payment while providing a premium credit to negate closing costs

· Empower your clients to qualify for the home of their dreams

SPLIT 50 AND SPLIT 100

· LTVs up to 95%

· Split 50 at only 50 basis points

· Split 100 is a less expensive option for your borrower than FHA loans

· Underwrite to AUS findings

FHA ELITE

· 640+ FICO

· $125,000 - county loan limit

· All fixed term mortgages

· Single family primary residences

· Debt ratios accepted per AUS findings

· 3/1 and 5/1 ARMs available

FHA STREAMLINE

· 620+ FICO

· Debt ratios accepted per AUS findings

· Up to 60 days interest allowed

FHA ADJUSTABLE RAME MORTGAGES (FHA ARMS)

· 3/1 and 5/1 Treasury ARMs available

· Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario

· Qualifies at note rate

· Jumbo loans eligible

HUD REO

Lender can close your HUD REOs in as fast as two weeks from submission while allowing holdbacks up to $5,000 for escrow repairs.

VA ELITE

· 640+ FICO

· $125,000 minimum loan limit

· Maximum loan amount can exceed county limits

· Fixed term and ARM loans eligible

· Single family primary residences

VA IRRRL

· LTVs available up to 150% with no appraisal

· No AVMs with a 680+ FICO

· No income or asset overlays

· Fast closings, often less than 20 days

VA Adjustable rate mortgages (va ARMS)

· 3/1 and 5/1 Treasury ARMs available

· We quickly and easily price out your loan with Easy Qualifier (EQ) to determine our borrower’s best scenario

· Qualifies at note rate

· Jumbo loans eligible

USDA Loan

Rural development loans are a great option for borrowers looking for 100% financing. Recognized as a top government lender, our Lender ensures a smooth, quick process for both your clients and referral partners. Count on us to hit contract dates on USDA purchases, with direct access to underwriting and industry leading turn times!

· 30-year fixed rate

· No down payment required

· No cash reserves needed

· Closing costs may be financed on some transactions

· Seller contributions allowed

· Elite pricing starting at 640+ FICO

Helpful USDA Links:

· The USDA Rural Development home page

· USDA Rural Development Eligibility site (determine property location and adjusted annual household compliance income limits for your state)

· USDA Service Center Locator (by State)

· Find USDA Homes: https://properties.sc.egov.usda.gov/resales/public/home

· USDA Service Center Agencies eForms

· U.S. Dept. of Housing and Urban Development Credit Alert System (CAIVRS) (verify that your borrower has acceptable results)

JUMBO BANK BUSTER

· Available up to 80% LTV

· Even lower rates than our Jumbo Elite

· 700 minimum FICO

· Primary and second homes, purchase and refinance

· Loan amounts up to $1.5 million

JUMBO 90% LTV

· 30-year fixed

· 720+ FICO

· Up to 90% LTV

· No mortgage insurance

· Primary homes

· 43% maximum DTI

JUMBO ELITE

· Loan amounts up to $2 million

· Exclusive rate incentives for borrowers with 700+ FICO

· Eligible for primary and second homes

· ARM and fixed-rate options available

· Same-day closings with UClose

JUMBO

· Eligible for primary, secondary and investment properties

· FICOs as low as 680

· Loan amounts up to $3 million

· Fixed rate and ARM loans available

*(ALL LOAN PROGRAMS ARE SUBJECT TO LENDER UNDERWRITING AND APPRAISAL)

*(RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE)

We have been in the real estate and mortgage business since 2005 and will continue to provide our clients a high level of knowledge and expertise. Let us help you with your next purchase, refinance or investment transaction. Call us today at (323) 825-9339.