National loan limit for one unit $726,200 effective January 01, 2023
Single family homes, townhouses, condominiums and multi-family up to 4 units
Owner occupied, second home and investment property
No mortgage insurance (PMI) with 20% down payment or more
No foreclosure in the last 7 years
No short sale in the last 4 years
No bankruptcy in the last 4 years
FHA
3.5% down payment
Credit score as low as 580
All closing costs and down payment can come from a gift
Seller is allowed to pay up to 6% of buyer's closing costs
$557,750 Loan limit for one unit in Miami-Dade, Broward and Palm Beach effective January 01, 2023, call your loan officer for loan limits in other counties
No foreclosure in the last 3 years
No short sale in the last 3 years
No bankruptcy in the last 2 years
VA
100% financing (no down payment required)
Veteran applicant must have sufficient VA entitlement to qualify for the 100% financing, call your loan officer for more information
No foreclosure in the last 2 years
No short sale in the last 2 years
No bankruptcy in the last 2 years
Jumbo
These are loans over $728,200
Non-QM mortgage
No employment & No income mortgage
Bank statement only
DSCR - investment cash flow
VOE program
1099 with NO tax returns
Foreign National
Contact your loan officer for details and guidelines
Reverse Mortgage
Seniors 62 years or older - owning a primary home
Federally insured government program (FHA)
Pay off your present mortgage loan
Never make mortgage payments again
Receive money at closing
Consolidate debts, pay off credit cards, etc.
Owner keeps title to the property, heirs will inherit
To obtain more information and arrange a presentation, please contact your loan officer
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