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Aggressive Mortgage Options for Buyers

A look at some loan programs which could help you

With the average family moving every three to seven years, Lenders are working harder than ever to create loan programs to help all buyers. Here’s the scoop on some of these Hot Loan Programs.

High Loan-to-Value Mortgages.

High LTV loans have been around for a while. They can offer up to 106% LTV. Are you looking to come in with little to no money down? 1^sttime and move up buyers are using these loans all over the country. These programs offer down payment assistance at great interest rates. Some of these programs are the following:

Conventional
FHA and VA
Down payment Assistance in your County

State Income Loan Programs.

The stated income loans are designed for clients who do not wish to provide tax returns. If you are having difficulty getting your paperwork together and want a fast close then you can choose this type of loan program. You must have good credit to choose this loan. You will also be charged a higher interest rate and/or points and fees. This is a popular loan for self employed borrowers who do not wish to provide personal and corporate tax returns.

The 40 Year Amortized loan.

This loan program is offered for clients who want a lower payment. The lender will allow you to pay on a 40 year term, which can lower your payment while still providing a fixed rate. The loan is not for everyone, but for those buyers who wish to leverage their income it can work great.

Call me for details to see if any of the above programs will work for you.