New Mortgage Programs!

One of the benefits of a Correspondent Lender is that we work with many mortgage investors and lenders. Some of them are big banks you’ve probably heard of and perhaps others are less commonly known. It’s a great feature that we can not only work with the pricing our investors offer, so we’re able to shop rates for our clients, but we can also use the various mortgage programs.

Today at our office meeting, one of our investors highlighted some of the programs they have available, including mortgages for:

• LOW down payment Jumbo mortgages (no private mortgage insurance)
• Asset based – high net worth programs
• Non-Warrantable condos
• Self-employed Bank Statement qualifying programs
• Delayed Financing up to 12 months (vs 6 months) for those who purchased their homes with cash
• Investment Property qualifying on property cash flow
• More flexibility with credit scores and derogatory credit events.

Of course we still have our standard mortgage programs too! If you’re considering buying or refinancing your home located anywhere in Washington state, where I’m licensed, I am happy to help you! Click here to start the loan preapproval process.