Purchasing
Whether you are purchasing for the first time homebuyer or are a savvy investor, buying a home is dependent factors such as your income, credit, assets, and collateral. Each program has its own requirements to qualify. These requirements are called guidelines. Different banks and lenders set forth their own guidelines which is why you may qualify for more with certain lenders, and less with others. Just because your bank said you do not qualify, this may mean that you don't qualify with them. Chances are, your Mortgage Heroes have a loan program for you!
This can seem overwhelming, but don't fret because you're not in this alone! The Mortgage Hero team will help you navigate these programs each step of the way!
Conforming Loan Programs
Conventional
FHA
VA
USDA
Reverse
Non-Conforming Loan Programs
Bank Statement Program
DSCR Program (Debt Service Coverage Ratio)
Stated Income Loans (No income docs)
Asset Qualifier Program
1099 Only Program
P & L Only Program
ITIN Program
Foreign Investor Program
Fix & Flip Short Term Program