Conventional Loan Programs

Home Possible Advantage

​​​​​​​A great alternative to FHA financing for those looking to purchase with a low down payment or refinance with limited equity. 

• Up to 97% LTV
• First time homebuyers, move-up borrowers, and retirees
• Refinances up to 97% LTV, regardless of current mortgage program
• No income limits for Underserved Areas
• No reserve requirements for 1-unit properties

HomeReady 

Fannie Mae’s conventional option those looking to purchase with a low down payment or refinance with limited equity

• Purchases up to 97% including FTHB
• Refinances up to 95% LTV, regardless of current mortgage program
• Reduced Mortgage Insurance
• High Balance available
• Relaxed AMI income limits based on census tracts
• Gift funds eligible for entire down payment

High Balance ARMs

Need an ARM loan to accommodate non-conforming loan amounts? Qualify for our high balance 5/1 and 7/1 ARM products! Conventional loans meeting the following requirements are eligible:

• $417,001+ loan amount
• LTV’s as high as 90%
• 640+ FICO
• Underwrite to AUS findings

Elite

This program is comprised of some of the best conventional rates and pricing in the industry, Our Elite program allows you to close quickly.

• 740+ FICO
• Up to 80% LTV
• Loan amounts from $250,000 up to County Loan Limits
• Property Inspection Waivers honored
• Underwrite to AUS findings
• Includes Conventional, High Balance and ARMs

Elite High Balance

Elite High Balance offers some of the best conventional high balance rates and pricing. You’ll receive industry-leading turn times, direct access to underwriting, and award-winning technology with every loan.

• 740+ FICO
• Up to 80% LTV
• Loan amounts from $417,001 up to County Loan Limits
• Property Inspection Waivers honored
• Underwrite to AUS findings
• Includes Conventional, High Balance and ARMs

Elite High Balance ARM

This is an ARM loan that accommodates non-conforming loan amounts. The Elite High Balance 5/1 and 7/1 ARM products are great options.

• 740+ FICO
• Up to 90% LTV
• Loan Amounts from $417,001 up to County Loan Limits
• Property Inspection Waivers honored
• Underwrite to AUS findings

Pay Advantage Preferred

Pay Advantage Preferred treats you to added incentives. Offering up to 30 BPS discount off M.I. adjustments for 760+ borrowers, eliminate the monthly mortgage insurance while receiving all of the benefits you’ve come to expect alongside our #1 M.I. product, Pay Advantage.

• 1.45% premium for 90.01 – 95% LTV
• 0.87% premium for 85.01 – 90% LTV
• 0.50% premium for 80.01 – 85% LTV

ARMs

Our aggressive ARM pricing can provide a lower payment for you! Secure your loan in a competitive 5/1 or 7/1 low interest rate ARM.

• Provide savings for your clients with lower rate and payment options
• Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario
• Reduced caps to 2/2/5 on all 5/1 ARM products
• 7/1 ARMs qualify at the actual note rate