Conventional conforming first time home buyer loans, including fixed and adjustable rate mortgage products, fixed period ARMs, and balloon loans to meet a lot of borrowers' needs. For larger home loan amounts, there are jumbo loans to $650,000, super jumbo to $1,000,000, and mega mortgage jumbo loan products to $2,000,000.

The Fast & Easy program offers borrowers with excellent credit a mortgage loan up to 90% LTV/CLTV without verification of assets or income. This loan program offers a great price for borrowers with high quality credit. Just like its name, it's fast, very easy and there's an 80/10/10 with aSuper Streamline HELOC under this program to avoid Mortgage Insurance. Borrowers can be self employed or salaried, and there are no reserve requirements with a low down payment loan.

Getting turned down or spending hours finding a loan just because your finances don't fall within the "cookie cutter" criteria for a traditional loan program. Expanded Criteria program is the answer. These "A" paper loans are offered for fixed rates, ARMs and Conforming Fixed Period 3/1, 5/1, 7/1 & 10/1 ARMs. There are also many "no income" programs such as Reduced Doc, No Ratio and No Income/No Asset programs.

Zero Down Payment Assistance mortgage products:

• Down Payment Assistance Program.
• Zero Down Payment 103% Plan up to $375,000, a loan that allows borrower's to finance up to 100% LTV. They can even include up to 3% closing costs and prepaid fees in the loan amount, for a total LTV of 103%!*
• Zero Down Payment, 80/20 with a combined loan amount up to $500,000.The second can be a HELOC or Fixed Rate and there are no Mortgage Insurance requirements.

*Not available in all areas

Common government mortgage loans, including:

• 203(b) Fixed Mortgage Rate Loans
• 251 ARM loans
• 234(c) Condo Financing
• FHA Streamline Refi's
• VA IRRRLs (interest rate reduction refinance loans)
• Teacher Next Door

Many government loans allow minimum down payment and/or down payment assistance for zero down payment home buyer loan.

This program is the "simple" answer for low to moderate income financing. As long as a borrower's income doesn't exceed 100% of the MSA median income, he or she may qualify for as little as 3% down. Plus, the down payment can be a grant, "affordable second" or unsecured mortgage loan (from a non-profit organization, government agency or the borrower's employer), or can come from the borrower's own funds or a gift from a family member. Only one month of reserves is required. Premium pricing is allowed for closing costs/prepaids, and home buyer education is not required!

This program is ideal for the first time home buyer and move-up borrowers who lack the funds for a down payment and closing costs but have good credit. Borrowers may qualify for a Flex loan with as little as 3% down payment plus, the down payment can be a grant, gift, an "affordable second" or "unsecured loan". Also, there are no median income restrictions and no home buyer education requirements.

The Rural Housing Service (RHS) loan is an affordable lending product designed to get residents in designated rural areas into a home that they would not otherwise qualify for. Some of the most attractive features include:

• 100% LTV based on the appraised value of the home
• No down payment (0 down payment)
• No cash reserves required
• No MI requirement (a guarantee fee is required)
• Manufactured housing permitted

Home equity credit is one of the most popular forms of consumer credit among home owners. There are lines of credit and second liens available to 125%. These products offer minimal paperwork, low start rates, and three different risk grades to help qualify borrowers.

When borrowers "tandem" a Home Equity Line of Credit (HELOC) or Fixed Rate Second with their first mortgage, they may qualify for a larger loan amount, eliminate MI, or avoid jumbo pricing. Tandem Loan Programs let you close two loans at the same time without extra documentation! For example, you have an 80/20 Tandem package under the Expanded Criteria family, requiring no down payment, and STILL no MI! There's also have an 80/10/10 with a Fast & Easy program for borrowers with excellent credit, which allows a great loan at a great price, up to 90% CLTV with no mortgage insurance and no reserves.

Streamline Home Equity Line of Credit is a pre-approved home equity loan for borrowers who are funded with an eligible servicer first mortgage up to six months ago. There's no documentation requirements and the Super Streamline HELOC can close concurrently with a Fast & Easy loan for salaried or self-employed borrowers with excellent credit, a great package at a great price, up to 90% CLTV, with no reserves and no mortgage insurance.

Fixed rate seconds and home equity loan seconds are not available in all states. Contact your lender for restrictions on home equity products in your state. Recording or stamp fees may apply in some states on Tandem mortgage home loans.

Borrowers can avoid mortgage insurance with a Tandem alternative. By doing a first and a second mortgage, borrower can avoid mortgage insurance, increase their tax deductions, or avoid Jumbo pricing and Jumbo payments. There's little to no extra paperwork and you can save money in most cases. There are several different Tandem opportunities, including:

• 100% CLTV loans
  80/20
  
  
• 95% CLTV loans
  75/20/05
  80/15/05
  
  
• 90% CLTV loans
  75/15/10
  80/10/10

Any time your down payment is less than 20%, a Tandem first and a second mortgage is a great way to avoid mortgage insurance and/or Jumbo pricing, as well as save money on your monthly payment!

Mortgage Insurance Alternatives.
There are smart alternatives to regular mortgage insurance. By folding the cost of mortgage insurance into the loan, borrowers may realize a tax deduction,** plus a lower net monthly payment that can help make home ownership more affordable. Mortgage insurance alternatives are available in several versions, depending on a borrower's financial circumstances:

Monthly Tax Advantage MI features an add-on to the loan's interest rate to cover the cost of MI, resulting in a potentially greater tax deduction than with traditional mortgage insurance.

One-Time Tax Advantage MI features a 3-point increase in the loan amount, which is financed over the life of the loan and typically results in a lower monthly payment than with traditional mortgage insurance.

**Borrowers should consult their tax advisor regarding the deductibility of mortgage interest. Please contact your local branch for any restrictions on Mortgage Insurance and eligible loan types in your state.

Flexible guidelines, aggressive pricing and exceptional service is available to borrowers with a wide range of financing solutions. When you use an automated underwriting system, you can get an underwriting outcome for your subprime loan in minutes. Mortgage loan products usually include 15 and 30 year fixed and adjustable rate products, fixed period ARMs, reduced pricing options, even a rate-reduction loan for homeowners who pay their mortgage loan on time every month. A through D credit grades fit even the most demanding borrowers.

This is a series of niche products intended for borrowers with just slightly impaired credit. These are borrowers who fall just below A-paper criteria, but who don't really belong in a traditional subprime mortgage loan product. With Expanded Approval (EA) loans, borrowers can get better terms and pricing than they would get with subprime loans, with LTVs as high as 95%. EA loans are available for purchase money, rate-and-term refi's, even cashout refi's. Allowed property types include second homes, owner-occupied one and two-unit residences, manufactured homes, and approved condos. There's even a mortgage loan program that allows borrowers to lower their interest rate after two years based on timely payments.