Get to know our alternative mortgage products.
Conventional Mortgages
Fixed and adjustable-rate conventional loans with unconventional terms. Need an option that fits your budget? Talk with one of our lending specialists.
- 95% loan-to-value (LTV) purchase, 80% LTV refinance
- 10% down for second homes
- 620 minimum credit score
- PMI when LTV over 80%
- 10%-20% down on 1- to 4-family properties, 2-4 units
Investment Property
Looking to make a real estate investment? Explore your options with our lending specialists.
- 75%-80% LTV ratio
- 620 minimum credit score
- 1- to 4-unit properties
- 3-6 months of reserves
Home Possible
First-time homebuyer? Realize your dream of owning a home, even with just a small down payment. Talk with one of our lending specialists.
- 3% first-time homebuyer down payment
- Discounted private mortgage insurance (PMI)
- Discounted interest rates
- Income up to 80% of AMI
Conventional Homestyle Rehab
Found a renovation project in a great location? Explore your financing options with a LUSO lending specialist.
- 95% loan-to-value (LTV) ratio
- 620 minimum credit score
- 1- to 4-unit properties
- 3-6 months of reserves
USDA Rural Housing
Putting down roots in a rural area? Talk with a lending specialist to see if you qualify for this special program.
- Zero down payment
- 620 minimum credit score
- View USDA-approved towns
- View income requirements by town and county
- PMI based on .35%
- Available on single and multi-wide, condos and PUDs
FHA 203B & FHA 203k
Looking for minimum income and down payment requirements on a move-in ready or rehab property? Talk with a lending specialist to see if you qualify.
- > 550 FICO at 80% LTV ratio, refinance or purchase
- > 580 FICO at 96.5% LTV ratio, refinance or purchase
- Up to 80% LTV ratio for refinance cash-out
- 3.5% down payment on 1- to 4-unit properties
Veterans Administration
Are you a veteran or serving active duty in the military? Talk with a LUSO lending specialist about our special military rates.
- Zero down payment
- Fixed term only
- No PMI
- 620 FICO or, in many cases, as low as 580 FICO or 550 FICO with equity
- Air Force, Army, Marines, National Guard, Navy, with honorable discharge
- Owner-occupied homes only
Reverse Mortgage
Looking to use your home as collateral for a loan? Talk with a lending specialist with expertise in the local market.
- Must be 62 years old
- Call for a same-day quote
- Pay off existing mortgage
- Consolidate debt
Self-Employment Bank Statement Program
Be your own boss and still qualify to borrow. Talk with a LUSO lending specialist about this specialized mortgage program.
- 640 FICO with LTV ratios up to 85%, no mortgage insurance required
- 12-24 months of bank statements (with up to 50% of deposits used for income)
- Loans up to $3,000,000
- Up to 50% debt-to-income ratio (DTI)
- Investment or owner-occupied
Investor Flex
Are you a real estate investor looking for flexible terms on a purchase or refinance? Run the numbers with a LUSO lending specialist.
- Investment properties only
- Rent divided by payment for qualified income
- 6 months of reserves
- 640 credit score
- 80% LTV ratio
- .80 debt service coverage ratio (DSCR)
- Loan amounts up to $2M