PURCHASE / REFINANCE LOANS
| Fixed Rate Loans |
| Monthly principal and interest payments do not change over the term of the loan. |
| Loan Terms |
Loan to Value |
| 30-year fixed rate |
up to 97% |
| 20-year fixed rate |
up to 97% |
| 15-year fixed rate |
up to 97% |
| Adjustable Rate Mortgages (ARM) |
| These loans have interest raes that are fixed for an initial period and than adust up or down periodically based on changes in a pre-agreed upon index. ARMs have lower initial monthly payments and are popular choices for first-time buyers and anyone who might plan on selling within a shorter time period. |
| Loan Terms |
Loan to Value |
| 10/1 year ARM |
up to 95% |
| 7/1 year ARM |
up to 95% |
| 5/1 year ARM |
up to 95% |
| 3/1 year ARM |
up to 95% |
| 1/1 year ARM |
up to 90% |
| 6 month ARM |
up to 90% |
| 1 month ARM |
up to 80% |
| FHA Loans |
| FHA loans are insured by the Federal Housing Authority which is part of the U.S. Department of Housing and Urban Development (HUD). FHA loans have lower down-payment requirements and are easier to qualify for than conventional loans. Loans have max limits by area. |
| Loan Terms |
Loan to Value |
| 30-year fixed rate |
up to 97% |
| 15-year fixed rate |
up to 97% |
| 1/1 year ARM |
up to 97% |
| Title-1 home improvement loan |
no LTV- mas $25,000 |
| Stated Income Loans |
| These loans do not require traditional verification of employment income such as paystubs, W-2s, etc.. However, you must "State" your source and amount of income and document it with bank statements, etc.. These loans are suited to self-employed or heavily commissioned individuals. |
| Loan Terms |
Loan to Value |
| 30-year fixed rate 1st mortgage |
up to 80% |
| 5-years |
up to 80% |
| True No-Documentation Loan |
| These loans do not require you to provide any information about your employment, income or any of your assets. Approval is based soley on your credit history. For individuals with undocumentable income and/ or assets. |
| Loan Terms |
Loan to Value |
| 30-year fixed rate |
up to 80% |
| Balloon Loans |
| A Balloon mortgage has uniform payments up to a predetermined date, at that time, a lump sum or "Balloon" payment would be due to pay off the loan. Balloon mortgages can have.... |
| Loan Terms |
Loan to Value |
| 15-year fixed rate balloon |
up to 95% |
| 7-year fixed rate balloon |
up to 90% |
| 5-year fixed rate balloon |
up to 80% |
| Subprime Loans (A - to D - credit) |
| Subprime loans are for borrowers with "less than perfect" credit. A wide varitey of credit problems can be accommodated fro late payments to Bankruptcy and Foreclosure. Terms and rates are very competitive with conventional "A credit" loans. |
| Loan Terms |
Loan to Value |
| 30-year fixed rate |
up to 95% |
| 15-year fixed rate |
up to 95% |
| 3/1 year ARM |
up to 95% |
| 2/1 year ARM |
up to 95% |
| Home Equity Loans ("seconds") |
| A home equity loan allows yo to borrow money in a lump sum against the equity that's built up in your home. Home equity loans can be used for debt consolidation, to make large purchases or for home improvements. They can also be used soon after a home purchase to return your down payment in the form of available cash. |
| Loan Terms |
Loan to Value |
| 25-year fixed rate 2nd mortgage |
Up to 80% |
| 20-year fixed rate 2nd mortgage |
Up to 80% |
| 15-year fixed rate 2nd mortgage |
Up to 80% |
| 20-year fixed rate home improvement |
no maximum |
| Home Equity Line of Credit ("HELOC") |
| A HELOC is a credit line that is secured to the available equity in your home. A HELOC can be used for home improvements, debt consolidation or any reason you choose. Because a HELCO is not a lump sum, you only pay monthly on the portion that you have actually used. |
| Loan Terms |
Loant to Value |
| 1-month ARM, interest only |
up to 100% |
| Loans Other Lenders Won't Touch |
| "C" and "D" Credit Loans |
| When other lenders turn you down because of credit, income, property or title ussues, it's time to give us a call. We'll leave no stone unturned to find a loan that'll work for you. |
| Partial-Interest Loans |
| When the other one, two or three co-owners of a property don't want to co-sign, you can still get your loan. Call us if you own a half, third or even just a fourth interest in a house, vacant land or commercial property, we'll help you get the loan you need. |
| Heir Loans |
| Believe it or not... if you are inheriting property and don't yet have the recorded title to the property, we can still close your loan. Call us and our experts will come through for you. |
| Non-Natural Person Loans |
| When the owner of a house, land or commercial property is a "thing" instead of a person, give us a call. Whether your "thing" is a corporation, trust, non-profit organization, church, partnership, estate, administrator, executor or anything else, we can do your loan. |
| Bankruptcy and Foreclosure Loans |
| If you're facing a bankruptcy or going into foreclosure, you need to act fast! If there is enough equity in your property we an help you keep your home and avoid financial catastrophe. If this sounds like YOU, don't wait a second more, call us today! |
|
Copyright © 2018 LEXXELFUNDING.COM All Rights Reserved
