95% to 103% home loans 80/20 Home Mortgages


Getting a 100% mortgage loan is not difficult if you have some credit.. Having enough money to close a real estate loan is a major problem, however you can still purchase real estate, with no or little money down.

100% home loans 80/20

  • Minimum 720 fico score required few 680 in some states.
  • Great FHA alternative financing
  • 80/20 COMBO loan 80% 1st and a 20% second mortgage.
  • No mortgage insurance, impounds or reserves.
  • Great equity builder as second mortgage loan gets paid off faster.
  • Some closing costs can be paid by seller.

103% Loan to Value

  • 103 % of the purchase price financed. No down payment needed.
  • Non declining markets only.
  • Closing costs up to 3% can be financed.
  • Fico scores 680+ Fico scores 620+ Maximum 95% First
  • Fixed rate 30 year home loan.

95%- 105% My community programs

    • MCM Suite of lending programs offered by Fannie Mae
    • 97% LTV for low to moderate income borrowers
    • 105% CLTVs allowed with Fannie Mae Second
    • 3-4 units properties available
    • Declining markets lower LTVs by 5%
    • Minimum Ficos 620- 680


95%- 105% Home Possible program

  • HPM Suite of lending programs offered by Freddie Mac.
  • 97% LTV for low to moderate income borrowers.
  • HPM loans as high as 97% LTV with 105 % CLTV
  • 3-4 unit properties allowed.
  • Minimum Ficos 620- 680
  • Declining markets lower LTVs by 5%

97%FHA home loans

  • Government insured loan program with 3% down payment.
  • Loans limits from $271,050- $729,750 in major cities.
  • FHA cash out 85% for 12 month to up to 95% for 12 months.
  • Loan programs 30 year, 15 year and 5 year fixed and adjustable.
  • Minimum fico scores 580

95 % Stated home loans/mortgages

  • Minimum 720 fico scores required
  • 2/28 and 3/27 mortgages
  • No mortgage insurance

95 % Second home loans/mortgages

  • 95 % stand alone second home loans for cash out refinances.
  • Minimum fico scores 720 and above
  • Fully amortized 15 years
  • Some seconds loans can be stated income as well.
  • Cash out refinances are available in Texas.

95% Stated home loans/mortgages

  • Excellent program for self-employed.
  • Minimum fico scores 680
  • COMBO loan typically a 80% 1st mortgage and a 15% second.
  • These loans are FICO dependent. Your debt ratios must not exceed 50%, on some loans and "A-" credit ranking neede


 

 

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