HPP Home Loan

First Name :

Last Name :

E-mail Address :

State:

Select State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Day Phone:

Evening Phone:

Loan Purpose:

Select One Consolidate Refinance Purchase Rehab

Property Type:

Select One Single Condo Multi Manufactured

Property Value:

Select One Less than $80,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 $280,000 $290,000 $300,000 $310,000 $320,000 $330,000 $340,000 $350,000 $360,000 $370,000 $380,000 $390,000 $400,000 $410,000 $420,000 $430,000 $440,000 $450,000 $460,000 $470,000 $480,000 $490,000 $500,000 $510,000 $520,000 $530,000 $540,000 $550,000 $560,000 $570,000 $580,000 $590,000 $600,000 $610,000 $620,000 $630,000 $640,000 $650,000 $660,000 $670,000 $680,000 $690,000 $700,000 $710,000 $720,000 $730,000 $740,000 $750,000 $760,000 $770,000 $780,000 $790,000 $800,000 $810,000 $820,000 $830,000 $840,000 $850,000 $860,000 $870,000 $880,000 $890,000 $900,000 $910,000 $920,000 $930,000 $940,000 $950,000 $960,000 $970,000 $980,000 $990,000 $1,000,000 Over $1,000,000

Mortgage Amount:

Select One $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000 $150,000 $160,000 $170,000 $180,000 $190,000 $200,000 $210,000 $220,000 $230,000 $240,000 $250,000 $260,000 $270,000 $280,000 $290,000 $300,000 $310,000 $320,000 $330,000 $340,000 $350,000 $360,000 $370,000 $380,000 $390,000 $400,000 $410,000 $420,000 $430,000 $440,000 $450,000 $460,000 $470,000 $480,000 $490,000 $500,000 $510,000 $520,000 $530,000 $540,000 $550,000 $560,000 $570,000 $580,000 $590,000 $600,000 $610,000 $620,000 $630,000 $640,000 $650,000 $660,000 $670,000 $680,000 $690,000 $700,000 $710,000 $720,000 $730,000 $740,000 $750,000 $760,000 $770,000 $780,000 $790,000 $800,000 $810,000 $820,000 $830,000 $840,000 $850,000 $860,000 $870,000 $880,000 $890,000 $900,000 $910,000 $920,000 $930,000 $940,000 $950,000 $960,000 $970,000 $980,000 $990,000 $1,000,000 Over $1,000,000

My Credit:

Select One Excellent Good Fair Poor

Bankruptcy In The Past 2-Years

Yes No

Foreclosure In Past 3-Years: Yes No

Security Code:

1st time Home Buyers – FHA, VA Rural, Rehab Construction or Conventional, all programs will be suitable depending on credit, down payment and debt to income ratios.

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FHA – 3.5% down payment minimum, gift of equity allowed, must show income, min 580 credit score sometimes 540 with strong compensating factors.  Minimum job time is 24 months or less with training or secondary education.  Mortgage insurance is included in the monthly payment. Bankruptcy must be discharged minimum of 2 years and 3 years for foreclosures.

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VA – No down payment requirement, gift of equity allowed, must show income, proper time on the job, no monthly mortgage insurance payment.  Bankruptcy must be discharged minimum of 2 years and 3 years for foreclosures.

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Streamline FHA/VA – HUD 1, verification of mortgage showing 12 months paid as agreed, mortgage note and copy of mortgage from last closing package, payoff.

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Rural - Property must be in a rural area determined by USDA, strict debt to income ratios, zero down payment,  no monthly mortgage insurance payment. Minimum credit score of 620.  No minimum of bankruptcy or foreclosure.

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Conventional – 10% down payment minimum with mortgage insurance, 20% or more down to have no monthly mortgage insurance, minimum debt to income ratio required by different lenders, must escrow with anything above 80LTV.  Minimum credit score of 680.

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ARM – Adjustable rate mortgage, different periods contact your loan specialist for more information. Typically 1, 3 and 5 year ARMs.

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Construction Loan – Must have minimum 20% down payment, each loan will be judged on its own merits contact your loan representative for more details.

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Reverse Mortgage – Borrower must be 62 years or older, no income or health requirements, limited paperwork, minimum credit requirements, conforming or jumbo loan amounts. Benefits; pay off existing liens on home,supplement social security and pension income, make home improvements or repairs, meet unexpected medical expenses, provide for in home health care, payoff loans or credit cards, purchase long term care insurance, help financially support family members in need and more.

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Commercial – Each loan request stands on its own merits.  There are three basic loan types; owner occupied properties, non-owner or investment, and start-up situations.  Each of more than 50 plus lenders all has their own niches and guidelines.  Secured and non-secured financing, multifamily, shopping centers, strip malls, assisted living, office centers, churches, warehouses and health facilities and more.

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Please contact our loan specialist at 248 320 9300 and we can give you more information on any particular program.

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