The following is a partial list of programs offered by Any Loan Solution. Each product also includes a brief description to help you understand what it’s all about. For a complete list of the programs that we offer, contact us today!
CONVENTIONAL – A Traditional loan program that usually requires 5% down and offers very competitive interest rates. Documentation and fair-to-good credit are necessary.
NO INCOME VERIFICATION – These are loans where your income is not requested or verified. You can put as little as 10% down with stated income loans. Please keep in mind that there are several varieties of “no-doc” loans in the market.
NO DOWN PAYMENT – 0% Down payment and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).
CREDIT PROBLEMS – Do you have troubled credit? Filed for Bankruptcy? We offer loan programs for customers with many types of credit problems.
103% PURCHASE – 0% down payment and closing costs can be financed up to 103% of the purchase price. To be eligible for this type of loan, the loan must be for a single-family home that will be owner-occupied. First time homebuyer status is not required and there are no income limits.
80/15/5 – The popular 80/15/5 is a loan which carries a second mortgage for up to 15% of the purchase price of the property. It is usually used when trying to avoid PMI insurance or to keep your first mortgage under the FNMA/FHLMC limit to avoid Jumbo rates. The borrower puts down a 5% down payment and then finances a first mortgage up to the FNMA/FHLMC limit and a second mortgage of up to 15% of the purchase price. Other variations are 80/10/10 or 75/15/5.
JUMBO LOANS – For 30 and 15 year fixed rate mortgages and competitive ARM products with full documentation, alternate documentation and / or limited documentation.
HIGH DEBT RATIO LOANS – What’s considered a high debt ration? A ratio of monthly bills to monthly income higher than 50%. The good news is that there are loan programs available for borrowers in this situation.
2ND MORTGAGE LOANS – Subordinate to the first mortgage these loans offer the borrower the ability to obtain funding for home improvement, debt consolidation or other funding needs without affecting their first mortgage.
CONSTRUCTION LOANS – We offer financing of up to 90% of the cost of land plus the costs of construction. We offer a one time fixed rate closing or traditional ARM products.
INVESTOR LOANS – This type of loan is used to finance 1-4 family properties that will be used for investment purposes. As little as a 10% down payment is needed.
FHA MORTGAGE – Sponsored by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little a 3% down payment – and they can even finance “allowable” closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
VA MORTGAGE – This is a similar loan product as the FHA mortgage except that in order to qualify, you must be a qualified Veteran or currently serving in the U.S. military.