The following is a partial list of programs offered by Choice Capital & Realty with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 310-930-0300.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.
We look forward to your questions about construction loans. Please call us to find out more.
Many homebuyers do not have the standard or consistent forms of income that are typically required by mortgage lenders. Yet, while they may not be able to qualify for conventional loans for various reasons, these buyers may still have enough income or assets to afford homeownership. In these situations, a non-qualified mortgage (non-QM) may be the solution.
Income calculated using:
Self-employed 2yrs minimum
30 Year Fixed,
Purchase, rate and term up to 90% LTV
Single Family / condo / 2-4 units
No Mortgage Insurane
No 4506T required
680 Minimum FICO Score
No Statement or Verification of Income Required
No Employment Required
Good for Unemployed, Retired, Self Employed, Wage Earner
No DTI Calculated
No Tax Returns or W2s required. Not a Bank Statement Program
1 Month Bank Statement (covering at least 30 days)
100% Gifts Allowed for Down Payment, Closing Costs, Reserves*
Cash-out Proceeds May Be Used Towards Reserves
Purchase & Rate/Term Refinance up to 75% LTV
Cash-out Refinance up to 65% LTV, Unlimited cash-out Funds
1-4 Units, Condos, Coops, PUDs
Second Homes Allowed
Minimum 680 FICO
Loan Amounts up to $3,000,000
Interest Only Option Available on All Loan Terms Except 15 Years Fixed
First-Time Homebuyers Eligible (Max 70% LTV)
Eligibility requirements, exclusions & other terms & conditions apply