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| HARP 2.0 |
| FHA |
| FHA 203K Streamline |
| USDA / Rural Housing Financing |
| VA Financing |
| Conventional Financing |
| Jumbo Elite |
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HARP 2.0
21st Century Financial is among the few lenders in the U.S. providing HARP 2.0 financing with unlimited loan-to-value.
Term: 30 years
Maximum Amount: $729,750
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| | | • No loan-to-value limitation
• No credit score requirement
• No worries if home has been listed for sale
• No occupancy limitations
• No appraisal if waived
• No limit on number of homes owned |
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FHA
FHA loans are guaranteed by the government and offer low down payment options with more flexible guidelines than traditional mortgages.
Features:
- Down Payment of 3.5%
- Allows for lower credit scores or Non-traditional credit history.
- Cash out refinance transactions up to 85% LTV.
- NO minimum or maximum income limits
- Loan amount available up to the maximum Jumbo FHA limit for your area.
- FHA financing is for EVERYONE and not just limited to first time homebuyers.
Term: 30 years
Maximum Amount: $729,750
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FHA 203K Streamline
The FHA 203k Streamline loan allows for all the flexibility of the standard FHA loan plus the ability to get up to $35,000 for cosmetic home improvements. This is the perfect loan for purchasing a distressed property, foreclosure, fixer or REO when you intend on occupying the home.
Features:
- Down Payment of 3.5%
- Virtually any kind of improvements are acceptable with the exception of structural and luxury items.
- Loan amount available up to the maximum Jumbo FHA limit for your area.
- No inspection required for repairs up to $15,000
- FHA financing is for EVERYONE and not just limited to first time homebuyers.
Term: 30 years
Maximum Amount: $729,750
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USDA / Rural Housing Financing
Rural Housing is a government sponsored program that allows for true 100% financing in designated rural areas.
Features:
- No down payment required
- No mortgage insurance requirements
- The property must be located in a designated rural area.
- Income restrictions apply
- No reserve requirements
- Seller contributions allowed
Term: 30 years
Maximum Amount: $417,000
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VA Financing
The VA is a government sponsored program that allows US Veterans the ability to finance up to 100% of the purchase price on a new home.
Features:
- No down payment required
- No reserve requirements
- Seller contributions allowed
- Borrower must be Active Military or a Veteran
- Cash out available to 90% LTV
Term: 30 years
Maximum Amount: $417,000
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Conventional Financing
Financing is still available for Investment properties with 30 Year Fixed Rate or Fixed Period Arm options.
Features:
- Loan amounts up to $417,000 (up to $729,000 in High Cost areas)
- 1-4 Units
- LTV’s up to 90% Owner Occupied
- LTV's up to 80% Investment Homes
- Cash out refinancing available
- Interest Only Feature
Term: 30 years
Maximum Amount: $729,000
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Jumbo Elite
Finance the loan amounts you need with the rates and service you deserve.
Features:
- Maximum loan amount $2,500,000
- Terms include 3/1, 5/1, and 7/1 Fixed Period Arms
- LTV’s up to 75% / CLTV to 80%
- Interest Only Feature
Term: 30 years
Maximum Amount: $2,500,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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