Desi Loan Broker .com
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Upto 20 Properties (rental income only) Purchase or Refi
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Lower rate options with our 5-, 7- and 10-year adjustable-rate mortgages
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Conventional options for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Fannie Mae Lookup Tool to see if a subject property meets the county loan limit requirement.
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Help more first-time homebuyers achieve homeownership with the HomeReady Special Purpose Credit Program.
RefiNow lets more of your borrowers save on their monthly mortgage payments! Use it to help your homeowners who currently have a Fannie Mae-backed loan, have income at or below 100% of their area median income (AMI) limit, and can reduce their interest rate by a minimum of 50 basis points.
*Reduction must include principal, interest and the mortgage insurance payment (if applicable).
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A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Freddie Mac Lookup Tool to see if a subject property meets the county loan limit requirement.
Open more doors to homeownership With UWM’s Conventional 1% Down program. When income-qualified buyers put 1% down, UWM will pay an additional 2%, up to $4,000, giving them a 3% total down payment.
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For a limited time, help qualified buyers get up to $1,500 toward their down payment or closing costs.
Use Freddie Mac's Income and Property Eligibility Tool to confirm borrower meets eligibility requirements.
Refi Possible helps your borrowers who currently have a Freddie Mac-backed loan save on their monthly mortgage payment. As with Fannie Mae’s RefiNow, applicants must have income at or below 100% of their area median income (AMI) and be able to reduce their interest rate by a minimum of 50 basis points.
*Reduction must include principal, interest and the mortgage insurance payment (if applicable).
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Condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.
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Investor Flex is Debt Service Coverage Ratio (DSCR) loan program. It offers 4 different loan options for your real estate investor borrowers using the prospective rental income of the property, rather than the borrower’s income, to qualify.
With loan options up to $2M for purchases and refinances, you can help your borrowers grow and scale their real estate portfolio. Plus, long-term real estate investors can elect to add a 1-, 2- or 3-year pre-payment penalty in exchange for better pricing.* As long as they don’t pay off or sell the property within the agreed-upon pre-payment period, they’ll benefit from savings that can be used elsewhere.
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Condo
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· As little as 0 months reserves (Use property
cashflow to qualify)
· FICOS As Low As 620
· No LTV Restrictions on 2-4 units
· 40 Year Fully Amortized Term
· Rural Properties – Allowed max 2 acres
· 100% gift funds allowed if borrower can verify they have 5% of their own funds
· Recently listed properties allowed with min prepay of 1 yr.
· Use Highest mid score for any borrower on the loan for both qualifying and pricing
· Living Rent Free Allowed for Experienced Investors Only
· Use actual rents received with 2 months documentation dated prior to application date
· STR’s allowed up to 75% LTV
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NON-QM
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NON -QM EXPRESS DSCR - For Borrowers with Positive Cash Flow
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Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
NON-QM SECOND
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
Purchase or Refi - perfect for borrowers that need cash-out without refinancing their low rate first
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Need a certificate to qualify for a HomeOne® or Home Possible® mortgage? Want to take a deep dive into homeownership? It all starts here. Learn about bringing your credit up and keeping it there.
HomeView is a free online course accessible from a desktop, tablet or mobile and is made up of seven modules. It takes about 3-4 hours to complete, and borrowers can pause and resume at any time.
$7000 as of Sept 2023. The average credit card interest is 28.05%. Source: Forbes
Yes. Different lenders has different loan programs. Contact us to learn more about it.
Average new car payment is $725 Source: cnbc.
$28.950
With over 39 million people (according to July 2022 Census Bureau estimates), California is the nation’s most populous state—its population is much larger than that of second-place Texas (30 million) and third-place Florida (22 million). Source: ppic.org
Our’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. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.
First, check your credit cards, car loan, student loan & shelter requirements. Then go with your gut feelings to either keep multiple payments or one payment which is possible by paying off all the debt into a mortgage loan. Use your home equity as your bank during this tough economic time.
Be ready for the another refinance when rates will be lower again in future.
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