Conventional Loan Products

A Conventional Mortgage refers to any mortgage loan that is not insured or guaranteed by the Federal Government. They can be conforming and non-conforming loans. Conforming loans have terms and conditions that follow guidelines set by Fannie Mae and Freddie Mac. Conventional loans are flexible in that they work for first time homeowners to the seasoned investors.

Conforming Product

  • Minimum 620 FICO
  • Manufactured Homes OK
  • Lender Paid MI – up to 95% LTV
  • Investors allowed up to 10 financed properties
  • HARP 2.0

Community Seconds

  • Minimum 620 FICO
  • No Cash out

Conforming High Balance and Super Conforming

A Conforming High Balance loan offers program flexibility and attractive pricing to the homebuyer for amounts above the conforming limit.

  • Minimum 620 FICO

FHLMC HomePossible

HomePossible® mortgages offer low down payments for low-to-moderate-income homebuyers or buyers in high-cost or underserved communities.

HomePossible

  • As little as 5% down payment
  • Maximum LTV/TLTV 95%
  • Flexible Sources of Down Payment
  • Down payment can come from a variety of sources including family or down payment assistance programs
  • Refinance Options
  • Income Flexibility
  • No income limits in underserved areas

HomePossible Advantage

  • As little as 3% down payment
  • Maximum LTV of 97% and CLTV of 105%
  • Flexible Sources of Down Payment
  • Down payment can come from a variety of sources including family or down payment assistance programs
  • Stable Mortgages
    • fixed-rate mortgages with a term up to 30 years
  • Income Flexibility
  • Primary Residence Only

FNMA HomeReady

Designed for creditworthy, low-to-moderate income borrowers, with expanded eligibility for financing homes in designated low-income, minority and disaster impacted communities.

  • HomeStyle Renovation is ineligible.
  • Low down payment (up to 97% LTV)
  • Affordable & Cancellable Mortgage Insurance (Lower than standard MI coverage requirements with option to cancel when loan balance drops below 80%)

FNMA HomeStyle

The HomeStyle Energy Mortgage loan is designed to support borrowers in their efforts to increase home energy efficient and reduce utility costs.

  • Pay off higher-interest energy improvement debt, including PACE & HERO loans
  • Pay off other secured or unsecured debt that financed energy-related improvements
  • Finance up to 15% of the “as-completed” appraised property value of a home