Illinois Residential Mortgage Licensee

CONVENTIONAL MORTGAGE:

  • Minimum 5% down.
  • 15, 20, 25, 25, 30 year Fixed Rates.
  • Loans up to $417,000.
  • Homepath Mortgage

JUMBO MORTGAGES:

  • Fixed and Adjustable Rates.
  • Loans over $417,000.
  • Down payments as low as 10%.
  • 10, 15, 30 year Fixed Rates.
  • 3/1, 5/1, 7/1 Adjustable. 


HIGH & UNIQUE DEBT-TO-INCOME RATIO PROGRAMS:
For buyers who have debt-to-income ratios that are higher than average and want maximum purchasing power.

For a Conventional Rate Mortgage, if your Housing expenses are 40% & Total Expenses are 50% or less, you can borrow up to $417,000 with as little as 5% down.

For Jumbo Mortgages, if your ratios are 40% for Housing and have no more than 50% Total Debt-to-Income Expenses, you may qualify with as little as 10% down.


NON-OWNER OCCUPIED INVESTMENT PROPERTIES:

  • 1 to 4 units. As low as 20% down with only 6 months reserves required.

SUMMER HOMES, VACATION HOMES, 2ND HOMES

  • Only 5% down required.
  • Same low rates

FHA MORTGAGES:

  • 15, 20 & 30 year Fixed.
  • As low as 3.50% down payment with no reserves required.
  • Single family residence up to 4-unit buildings.

VA MORTGAGES:

  • 15, 30 year Fixed Rates.
  • 1 to 4 units.
  • 100% financing with no money down.

Certificate of eligibility and DD 214 required.

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