We have programs from 3.5% interest to non-prime and private lending

Check out the several programs we offer.

Conventional Niches:

  • Delayed Financing/Cash Out Refinance less than 6 months seasoning
  • Up to 10 financed properties
  • First time home buyer can purchase investment property and use rental income to qualify
  • Debts paid by others can be omitted with 12 months cancelled checks and no lates
  • Short Sale seasoning is 2 years from settlement date, 1 year if no mortgage lates 20% down
  • Properties less than 90 Days are ok — flips
  • Recently listed properties ok to cash out refinance

FHA Niches:

  • FHA Flip Waiver Program is Here!
  • Non-Occupant Co-Borrowers OK (No FICO OK)
  • Minimum 530 FICO for at least 1 Occupying Borrower
  • FHA finance to 96.5%
  • FHA FICO 500 – 579 10% Down
  • FHA FICO 580 and up 3.5% Down
  • Collections/ Charge Off OK $500 and more than 24 months old
  • Gifts are acceptable for 100% of down payment and closing cost
  • Seller credit to 6% of closing cost
  • Rent current home –use 85% of fair market rent. No landlord rating
  • Student loans that are deferred for 12 months and 401K loans can be omitted
  • FHA 230K Rehab Program
  • VA Loan 100%
  • USDA Loans 100%
  • USDA Rural Housing Products

Non-Prime Niches:

  • Loan amounts $50,000 – $750,000
  • 5 year fixed 30 year loans (No Balloon Payment)
  • O/O Purchase up to 80% LTV – (Must Have A 700+ Fico)
  • O/O Refinance up to 75% LTV
  • N/O/O Refinance and Purchase up to 70% LTV

Property types:
SFR’s — Condos — Townhouses — 2 to 4 Units

Income Documentation:
Full Doc — W2 & Paystub, 1040’s, or 24 months Personal Bank Statements or Asset Depletion
Alt Doc — 12 months personal bank statements
Asset Depletion — 101% of loan amount

Down Payments:
Down needs to be sourced & seasoned for 60 days

Prepayment Penalty: Case by Case

Credit Grades:
“A”- “B-” Minimum fico score 500 (Max LTV’s not available for all credit grades)

All Loans made in compliance with Federal, State and local laws.

Homepath Niches:

  • 97% LTV
  • No Mortgage Insurance
  • HUD 100% Program
  • Rehab Program
  • Private Money/Hard Money Niches:
  • Fix-Flip Special — Short Term No Pre-Pay
  • Stated Income- Investors Only
  • Current Foreclosure/short Sales OK
  • No FICO Minimum
  • 1,2,3, or 5 Year Options
  • Amortized over 30 — 40 Years
  • Stated Income/Verified Assets
  • Up to 70% LTV

Commercial Niches:

Property Types:
Multi-Family Mixed Use, Office Building, Office Condos, Land, Etc

Occupancy:
Investments
Owner User

Loan Term:
6 Months — 60 Months

Lending To:
Individuals / Corporations
LLC’s, IRA’s, LLPs
Family Trust

Give Client 1st Mortgage a call @ 866-920-5777. And visit us online at www.c1stm.com.

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