02/03/2025
Lots of info here. You may want to print it to review later.
February is going to be an exciting month. Home Buyer's are busy looking for homes and Home Owner's are looking to sell or refinance or take out 2nd's. That why it's important to know about the 14 hottest ways to Buy or Refinance property. Scroll down for the high-lights of each program and then reply to this email or call me for more information and to get Pre-Approved.
1. DOWN PAYMENT ASSISTANCE LOANS
0% Down Payment Required
Multiple Programs Available
Min 580 FICO
Single Unit Properties Only
SFR, PUD, Condo or Manufactured Homes
2. FHA PROGRAM
Lower Rates than Conventional Loans
3.5% Down to 580 FICO with AUS
10% Down to 500 FICO with AUS
80% LTV for Cash Out Refinances (Great for Borrower's with Lower FICO's)
NEW - Up to $672,750 Loan Amounts in San Bernardino/Riverside Counties
NEW - Up to $1,209,750 Loan Amounts in Los Angeles/Orange Counties
SFR, PUD, Condo, 2-4 Units or Manufactured Homes
3. CONVENTIONAL LOANS
Min 3% Down to 680 FICO with AUS for Owner Occupied
80% LTV for Cash Out Refinances
Min 20% Down for Non-Owner
SFR, PUD, Condo, 2-4 Units or Manufactured Homes
4. VA HOME LOAN PROGRAM
0% Down Payment to 580 FICO with AUS
Up to 100% LTV for Cash Out Refinances
For US Military Veterans, Active Duty, Reservists or Eligible Surviving Spouses
NO MAXIMUM LOAN AMOUNT
Great for JUMBO Purchase Prices
No Monthly Mortgage Insurance
SFR, PUD, Condo or 2-4 Units
5. BUYDOWN LOANS
Buydown's are a Great Way to Beat Today's Higher Mortgage Rates
3/2/1, 2/1, 1/1 & 1/0 Buydown Options
Lender Paid Buydowns
6. JUMBO LOANS
Min 10% Down Up to $1.5 Million Sales Price
For Loan Amounts Above $806,500 in San Bernardino/Riverside Counites
For Loan Amounts Above $1,209,750 in Los Angeles/Orange Counties
Loans Available to $5 Million Loan Amounts
Buydown Options Available
7. 1099 LOANS
For Borrower's who Receive 1099's Like Real Estate Agents & Contractors
Use 1099's to Verify Income
No Tax Returns Required
Min 10% Down for Purchases
Up to 80% LTV for Cash Out Refinances
8. BANK STATEMENT LOANS
For Self-Employed Borrowers
Use Last 12 or 24 Months Bank Statements to Verify Income
No Tax Returns Required
Min 10% Down for Purchases
Up to 80% LTV for Cash Out Refinances
9. P & L LOANS/PROFIT & LOSS STATMENT
For Self-Employed Borrowers
Use Profit & Loss Statement to Verify Income
No Tax Returns Required
Min 20% Down for Purchases
Up to 80% LTV for Cash Out Refinances
10. DSCR/INVESTOR CASH FLOW LOANS
For Non-Owner Properties Only
ONLY Use Rental Income to Qualify for Loan
No Tax Returns Required
For Purchase or Refinance
11. ITIN LOANS
For Borrower's Who Don't Have Legal US Residency
Min 10% Down Payment
Many Programs Available
12. PRIVATE MONEY/HARD MONEY LOANS
True Stated Income
NEW 80% LTV for Purchases (Ask for More Details)
Max 60% LTV for Cash Out Refinances
2nd Loan Available
Low Fico's Okay
13. 2ND'S, HELOC'S & HELOAN'S
HELOC's Available to 85% CLTV
HELOAN's Available to 80% CLTV
1099 2nd's Available
Bank Statement 2nd's Available
Private Money/Hard Money 2nd's Available with No Min Fico
14. REVERSE MORTGAGES
Min 62 Years of Age
No More Mortgage Payments
Lump Sum Options
Many Reverse Options Available
For Purchases or Refinances February is going to be an exciting month. Home Buyer's are busy looking for homes and Home Owner's are looking to sell or refinance or take out 2nd's. That why it's important to know about the 14 hottest ways to Buy or Refinance property. Scroll down for the high-lights of each program and then reply to this or call me for more information and to get Pre-Approved.
Contact me
Rancho Cucamonga, CA offers top schools, diverse homes, and a vibrant community. Contact Stanton Lewis for expert real estate guidance today.
