Monday to Friday, 9 a.m. to 5 p.m.

A great loan choice for a homebuyer trying to generate income from their home.

A great loan choice for a homebuyer trying to generate income from their home.

  • Needs to be residence that is primary
  • Fixed prices with 10, 15, 20, 25, or 30 12 months terms | advance re re Payment as little as 5%
  • Dwelling value needs to be higher than or add up to 30% of this value that is appraised
  • Minimal credit rating 680
  • Must include no less than 5 acres
  • One note and home loan for the acreage that is entire house
  • Competitive rate pricing that is fixed
  • LTVs 80/95

Jumbo Loan

  • This really is an excellent choice for loan quantities which are too big for the loan that is conventional
  • Allows the borrower to own only 1 loan to pay for the amount that is entire

This loan can be obtained to individuals with a minimal official certification of m.d., D.O., D.D.S., or D.M.D.

  • Health professionals podiatrists that are including Ophthalmologists and Veterinarians.
  • A work agreement or verification of regards to employment should be supplied.
  • 5% minimum advance payment
  • Primary Residence just, 1 Product
  • Healthcare scholar Loan Debt is almost certainly not contained in Debt to Income Ratio
  • Gift Funds may be put on the payment that is down
  • Versatile loan programs up to $1,000,000

Construction to Permanent, Modular and Manufactured Homes

  • Designed for modular and homes that are manufactured
  • The loan closes just before construction, protecting the builder and permits the borrower more freedom
  • There was just one closing and so the borrower just covers one pair of closing expenses and alterations in circumstances during home construction shall perhaps perhaps not affect the financing.
  • All kinds of federal government loans are allowed; mainstream, RHS, FHA, and VA.

Stockton could be the # 3 KHC Delegated Lender by Amount

KHC 97% Conv. – No MI

  • Cost up to 243k
  • 680 credit rating
  • No home loan insurance coverage
  • May be used together with MCC credits
  • 3% advance payment will come from KHC Down Payment Assistance funds
  • DTI as much as 50percent
  • Borrower can simply possess one house
  • Prior homeownership allowed


  • All KHC loans underwritten by SMC underwriters
  • DAP funds may be used with KHC very first home loan items
  • DTI as much as 50per cent
  • Credit score down seriously to 640
  • Brand brand New GNMA item allows time that is second to shop for a house in most Kentucky counties without any cash down
  • On additional FHA/VA system the debtor can obtain one or more home
  • Reduced MI rates

Indiana State Sponsored System

• First time and non-first time homebuyers • Owner occupied only • Borrower can simply acquire one home • Minimum get FHA 660 / old-fashioned 640 (reduced MI-18%) • DAP- No Interest/ No re re Payment (2 year recoverable) • DAP up to 3.5% for FHA and 3% for old-fashioned of price • DTI up to 45% • MCC Available with IHCDA and non IHCDA financing • DAP is a silent second—forgiven after a couple of years • 30-year fixed rate loans • No purchase cost limit • earnings requirements use

THDA Great Preference Program

  • 30 12 months fixed price
  • 640 minimal credit rating
  • Maximum home income & cost by county
  • Advance payment support available
  • First-time homebuyers, perform homebuyers (with criteria)
  • Army programs available with rate reduction
  • MCC certificates available
  • Optimum LTV 96.50 but DPA is present to any or all homebuyers for as much as 5% to protect down closing and payment costs
  • Optimum DTI with accept eligible 45%

Loan Needs

• 1-4 household properties, condos, PUDs • Income/Purchase Price limits – Use ‘Lender Online’ Tool (divided by household size and county) • DPA does work second mortgage • Homebuyer education is required • main-stream, VA, USDA 640+ 45% max DTI (660+ 50% DTI) • FHA 660+ 45% DTI • 36 months income income income tax returns needed on all


• 1 – make reservation for funds • Automatic email sent tom borrower to receive counseling day

Deposit Assistance (Very First Time Homebuyer)

• 2.5% or 5% • 2nd mortgage forgivable second • Can be applied for closing costs or advance payment • Forgiven after 7 years (cannot sell or refi through that duration or due in complete)

Funds for Grads

• Graduated within 48 months with connect level or more • prices are less than old-fashioned time that is first • 2nd mortgage is forgivable at 20percent each year for five years • May be subordinated

HFA Preferred

• predicated on Fannie Homeready • 97% LTV • No loan degree price adjustments • are along with DPA as much as 102% CLTV • Cannot very own other properties

Ohio’s Hero system

• Active military or veterans • Fire fighter/EMT/Police/Teachers/Healthcare (direct client care, FT, avant loans licensed) • prices are less than very first time house customer

Web Home Loan Program

• Not required become time that is first • might have ownership fascination with main in the past three years • just available with advance payment support

MTC Plus System

• Mortgage credit certificate program • *MTC basic are provided with your very own item (20% income tax credit)

MI Mortgage

  • Readily available for all first-time homebuyer and some past home owner, influenced by home location
  • Some approved condos and produced houses
  • Credit history down seriously to 640- Alternate Credit Accepted
  • No Hombuyer Education required
  • LTV 97percent
  • DTI 43percent
  • Optimum purchase price- $224,500
  • Domestic income limitations apply

Advance Payment Assistance

  • Assistance up to $7,500
  • Ought to be the main residence
  • Homebuyer education is needed
  • Resource limitation of $10,000

Advance Advance Payment Assistance

  • $15,000 (must utilize all funds)
  • 20% Forgiven/YR
  • Homebuyer Education Required
  • Must certanly be residence that is primary
  • Approved condos and existing or new(affixed) produced housing

MI Flex Loan

  • Main residence needed
  • Some authorized condos, no produced housing
  • Credit rating down seriously to 660
  • Homebuyer education necessary for main-stream
  • LTV 97percent
  • DTI 45percent
  • Optimum purchase price- $224,500
  • Domestic income restrictions use

Advance Payment Assitance

  • Assistance up to $7,500
  • Not essential become residence that is primary
  • Homebuyer education is needed
  • Resource restriction of $10,000

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