(916) 332-1056 info@c1stm.com

Loan Programs

Find a loan program for you

Get in contact with us and we’ll help you find the best loan program for your unique needs.

  • Up to 98.25% total LTV including financed UFMIP. Minimum 580 FICO 
  • Refinance with a minimum 550 FICO with NO APPRAISAL 
  • 15 Year, 20 Year, 25 Year, and 30 Year terms. Odd terms allowed down to 240 months. 
  • Jumbo – 20 Year, 25 Year, and 30 Year Fixed terms. 3.5% cash down with a 640 FICO score. Jumbo 5/1 ARM available. 
  • 3/1 and 5/1 ARM. Margin: 2.25. Caps 1/1/5. Index: 1 Year treasury. Floor: 2.25. 3.5% cash down with 98.25% total LTV financed UFMIP. 580 Minimum credit score.
  • For eligible veterans and active-duty military. Maximum financing with FICO scores from 500-549 or no scores. 
  • VA First IRRRL 
  • FHA/VA Manufactured Home 
  • Purchase Program: Up to 100% LTV plus funding fee. Minimum 550 FICO with tri-merged credit report. No Max LTV/CLTV. 
  • VA Fixed Terms include: 15 Year, 20 Year, 25 Year, and 30 Year terms. Odd terms allowed down to 240 months. Up to 100% LTV cash out transactions with a 550 FICO! 
  • VA Jumbo: 20, 25, and 30 Year Fixed terms. Jumbo 5/1 and 3/1 ARMs available. Maximum 100% LTV for all transactions.

Loan Program Highlights: 

  • 350 to 700+ FICO
  • LTVs up to 80% LTV Available 
  • All Loans – No income verified 
  • Residential Property OK (SFR, Condo, Condotel & 2-4 units) 
  • Commercial Properties OK (5+ units, Mixed-Use, Office & Retail) 
  • No Source of seasoning of down payment 
  • 100% Gif funds – OK 
  • Rural Properties – OK 
  • Lease option buyout using appraised value – OK 
  • Gift of Equity – OK 
  • Foreign Nationals – OK 
  • Green Card holders – OK 
  • Non-Warrantable Condos – OK 
  • No FICO – OK 
  • Rate as low as 6.99%

A VOE may be utilized when the only source of earnings is wages/salary. 

  • Paystub, Tax Returns, 4506T, or W2’s not required
  • 2 year history of same employee
  • Min FICO 620 
  • 24-months 0/30 housing history 
  • Max LTV 80% for Purchase/R&T 
  • Max LTV 70% for C/O 
  • Self Employed Minimum 100% company ownership 
  • 50% of deposits used for Business Bank Statements ad 100% deposits for Personal 
  • 2 Year business license required 
  • Max LTV 90% 
  • Max Cash-out 85% 
  • CPA or Borrower prepared and Signed Profit & Loss

One of the largest misconceptions about purchasing a house in that you need at least 20% to purchase a house. Client 1st Mortgage objective is to provide affordable housing solutions, from down payment assistance grants to interest-free second mortgages and other special mortgage programs, there is a growing number of options for people who want to buy a home without a down payment. 

    • Approval with over 140 different Down Payment Assistance Programs. 
    • Deferred payment  silent seconds, tax deductions, and grants are all different forms that Down Payment Assistance can be found in 
    • Programs can be used for down payment, closing cost assistance and more 

  • Not limited to first-time homebuyers 
  • Options available for FHA, VA, Conventional, and USDA Home Loans 
  • Specialty programs available for teachers, firefighters, police officers, Veterans and more

 

INHERITED PROPERTIES AND PROPERTY BUYOUTS 

Refinances of inherited properties and properties legally awarded to the borrower (divorce, separation, or dissolution of a domestic partnership) are allowed. If the subject property was acquired < 12 months prior to loan closing, the transaction is considered a cash-out. 

These transactions are subject to the following: 

  • Written agreement signed by all parties stating the terms of the buyout and property transfer must be obtained
  • Equity owners must be paid through settlement 
  • Subject property has cleared probate and property is vested in the borrower’s name 
  • Current appraised value is used to determine loan-to-value

Loan Program Highlights: 

  • True stated commercial & NOO resident 
  • LTVs up to 80% 
  • Fixed rates starting at 6.99% 
  • Loans from $200k to $2.5M 
  • Amortizations up to 30 years 
  • Most property types eligible 
  • No seasoning requirements 
  • Cash-out OK 
  • LTVs up to 80% 
  • Fixed rates starting at 6.99% 
  • Loans from $200K to $2.5M 
  • Amortizations up to 30 years 
  • Most property types eligible 
  • No seasoning requirements 
  • Cash-out OK
  • Small Balance Loan Program $1.0 to $6.0 M 
  • 5-, 7-, or 10-Year Fixed-rate loan 
  • 20-Year hybrid ARM with initial 5-, 7-, or 10-Year Fixed-rate period 
  • Amortization up to 30 years 
  • Cash-Out options 
  • Declining prepayment options 
  • Non-recourse for the investor/Assumable Loans 
  • 60-120 date rate lock period available
  • Self-employed Borrowers (two-year history required by (i) CPA Letter or (ii) Business License) 
  • U.S. residents 
  • Income is ATTESTED to and DECLARED; deposits into account are not the determinant figure 
  • First Time Home Buyers Qualify, *** 
  • Purchase Max LTV of 75%
  • Refinance Max LTV of 70% (rate and term of cash out) 
  • Borrowers with a minimum Credit Score of 650 
  • No credit events within the last (5) years including and mortgage (minimum twenty four (24) month recent mortgage history required) 
  • No charge offs, collections, or tax liens in the last three (3) years 
  • Maximum loan amount $5,000,000 
  • Minimum loan amount of $150,000
  • Owner-occupied transactions 
  • Most recent personal account’s bank statement with no NSFs and positive ending statement 
  • Closing Funds may come from the account provided for qualifying income and an Escrow Deposit Receipt is required (only one month’s statement is required for assets) 
  • Reserve funds are not required 
  • Cash out is unlimited
  • Property must be in good condition and conform to the area 
  • No rural properties 

***First-time homebuyers qualify…***

  • 65% LTV Max OR 60% / 80% LTV/CLTV 
  • $2,000,000 Max loan amount 
  • 24 Month Rental History 

 

 

  • VOE Program 
  • New 2019 County Limits
  • FHA/VA Loans 
  •  75% Hard Money Loans 
  • Funding For Foreign Nationals 
  • No Doc No Ratios Loans 
  • Business Purpose Lending 
  • One Month Bank Statements 
  • 2nd Chance Program 
  • Jumbo 
  • Jumbo Stated Self Employed 
  • ITIN Loan Programs 
  • Down Payments Assistance Programs

Contact Us

12 + 13 =

You can also give us a call at (916) 332-1056