Purchase
VA Loans up to 100% Financing starting with 500 FICO scores
FHA loans starting with 500 FICO scores
Conventional Loans (Fannie and Freddie standards) Min. 620 FICO scores
Refinance
VA Cash Out up to 90% of your home’s value
FHA Cash Out up to 80% of your home’s value (some cases 85%)
Conventional Loans up to 80% LTV (conforming Fannie/Freddie loans, NOT including non-conventional loans which may allow higher LTV lending)
Bank Statement Program
12 or 24 Months of Business or Personal Bank Statements for Self-Employed Borrowers
Investor/Hard Money Loans
DSCR (Debt Service Coverage Ratio)
Loans on residential apartments/commercial properties up to 80% of property’s value and qualifications based on property’s income and mortgage payments
The higher the FICO scores, the better the rate (720+ scores offers prime rates)
Conventional Loans start at 3% down
FHA down payments start at 3.5% minimum – FHA 500 FICO will require
5-15% down payment upon purchase
Mortgage Insurance for conventional loans will apply to loans with down payments less than 20% (FHA loans require mortgage insurance regardless of down payment – 10% or more down can wipe out MI after 11 years)
DSCR Investor Loans must meet certain property income/expense ratios to qualify (no personal income is considered with this type of loan)
“No FICO” loan programs will be underwritten and subject to lender conditions


E. Hubbard, MBA
Broker-MLO, e-PRO®, PSA, CPRES
NMLS ID 237372
(310) 330-6657
Apply for a Loan
CA – Click Here
TX – Click Here
Contact Us for today’s mortgage rates.