• Loan Programs and Products

    Alliance provides a comprehensive array of loan programs for all types of credit from A to D. If you have pristine credit or you have bad credit and a bankruptcy you can find a loan program here. All loan programs in 2011 will require income documentation. This has changed since 2008 due to sub-prime issues.There are many programs that still go up to 100% loan to value but with stringent criteria. On the other hand you have FHA loans with 580 Fico scores and 3% down payment than can suffice very well for most bad credit borrower for bad credit mortgage refinances or purchases.


    Prime Lending Programs Fico scores 620

    100 % Full Document Purchases Minimum Fico scores 720
    100 % Full Document Purchases 80/20 Minimum Fico scores 700
    100 % Full Document Purchases Minimum Fico scores 680
    100 % Full Documents Refinance 80% Ist and 20% 2nd
    Conforming Fixed Conforming ARMs
    Conforming 30-year 30-year adjustable
    Conforming 15-year 3/1 year adjustable
    Conforming 30/7 year 5/1 year adjustable
    Conforming 30/5 year 7/1 year adjustable
    Conforming 20-year 10/1 year adjustable

    Sub-prime Lending Fico Scores less than 620

    100% Purchases full documents 80/20 Minimum Fico Scores 700
    100% Stated Income loans fico scores 720
    90% Purchase / Cash-Out for A- Credit Fico Scores 580
    85% No-Income-Verification Purchase. No Reserves needed
    80% Bankruptcy Chapter 13 Buyouts
    90% Stated Income Purchase / Refinance
    70% Foreclosure Refinances- Owner Occupied Conventional Lending
    70% Stated Income, Non-owner Refinances


     

    LOAN PROGRAMS NOT OFFERED

    *Mobile homes � Construction loans � Co-ops � Bridge loans � Commercial property mixed use � Leaseholds � Land purchase loans � Refinancing properties listed for sale � Condotels� Condos over 4 stories� Loans to buy Foreclosure sales�Timeshares loans�Manufactured housing

     

     

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