Mortgage Loan Programs
Click below for more details:
- FHA Mortgage – loan ensured by HUD, minimum down for First Time Home Buyer or Non-First Time Home Buyer, seller’s concession is acceptable to assist the borrower’s closing cost to the guideline.
- Conventional – Traditional loan program that usually require minimum down and offer competitive interest rates and fees.
- VA Mortgages – VA eligibility is necessary. Loan is backed by the Veterans Administration, zero down up to county loan limits per VA’s guidelines, VA loan can be consideration for jumbo loan as well down payment may be necessary but term and condition be better than regular jumbo loan program.
- Down Payment Assistance for FHA loan
We have Down Payment Assistance loan programs based on borrower’s qualifications.
2-1 or 1-1 buy down interest rates, cost of the buy down is paid by the seller. This is a huge benefit that lowers the borrower’s closing cost. It is a temporary lower interest rate that enhances lower mortgage payments temporarily.
- Bank statement program – for self-employed only, utilize only bank statements in lieu of tax return, another word NO TAX RETURN REQUIRED. Allows purchase and refinance.
- Asset Depletion – utilize stable assets and convert to income for qualifying, employment may be necessary, allows purchase and refinance.
- Foreign National – Non-US Citizen borrower interested investing property in The United States, allows purchase, may not be eligible if US credits appear on credit report.
- No Income Docs for Investment Property – applies only to investment properties, no income necessary but rent receive income must be acceptable to DEBT SERVICE requirement.
- Credit extended – credit impacted by: late, collection, recent bankruptcy, recent foreclose or whatever negative matters, NON-QM programs are in place to assist…employment and income are necessary.
- Verification of Employment (VOE) – loan qualify by verification of employment form only completed by the employer per loan guidelines. No pay stubs No Tax returns required.
- Profit & Loss Statement Only – for self-employed only, utilize only PROFIT & LOSS statement only prepared by CPA or professional tax license, in lieu of tax return , another word NO TAX RETURN REQUIRED. Allows purchase and refinance.
- Jumbo Loans – a larger loan size than standard conforming loan sizes, extremely competitive down payment and interest rates with full document.
- Renovation Loan – FHA 203K – backed by Federal Housing Administration, allows to purchase or refinance to complete renovation repairs. High cost area may be considered.
- Renovation Loan – Conventional HOMESTYLE – allows to purchase or refinance a home and bundle repairs, high cost area may be considered.
- Reverse Mortgage – for borrower age 62 yr old +, to provide finance for a borrower who has substantial equity in a property to covert that accumulated equity at a cost to cash and additional debt without selling the property and without making payments to the lender up front traditional method, monthly payment adds back to the principal balance to relief finance stress… this finance can be used for refinance or purchase…more details pls reach out to us directly.
We consider many commercial properties: assisted living, apartmenta, retail shops, muti-units, and other type of properties…please contact us for more information.
*Programs and guidelines subject to change without notice, this is not a guarantee loan approval.
What can we help you with?
We offer many loan programs with competitive rates and fees available to fit your needs.
Green Mango Mortgage, LLC
2828 North Central Avenue, Suite 832
Phoenix, AZ 85004
602-326-4001
nivej@greenmangomortgage.com
LO License: NMLS-206547, AZ LO-0914111, CA DBO 206547
Company License: NMLS 2099836, AZ MB 1020384, CA CFL 60DBO136984, licensed by The Department Of Financial Protection an Innovation (DFPI) under California Residential Mortgage Lending Act. https://www.nmlsconsumeraccess.org