Products

CONVENTIONAL FINANCING

  • Agency Fixed-rate Programs

    • 10- to 30-year fixed and high balance

    • 6- and 12-month extended lock options

    • 2-1 buydowns available

    • Lock and Shop 60- and 90-day options

ADDITIONAL CREDIT FLEXIBILITIES - CONVENTIONAL

  • Direct agency seller-servicer

  • Manufactured homes including single-wide

  • Manual underwrites with extenuating circumstances considered

  • Financed properties follow agency guidelines

  • HomeReady / HomePossible

  • Homestyle Renovation loans referral option 

    • In-house reno draws

    • Reno Specialist handles the referrals 

  • Family First Mortgage Program

    • Purchase a home for aging parents as primary residence

    • Purchase a home for handicapped or disabled children as primary residence

FHA FINANCING

  • Minimum credit score: 500

  • Minimum credit score high balance: 640

  • Scorecard AUS “approve/eligible” or LP “accept”

  • Programs

    •  Fixed-rate – 15- to 30-year fixed and high-balance options

    •  6- and 12-month extended lock options

    •  2/1 Buydowns available

  • FHA Streamline

    •  Scores down to 600 

    •  No score requirement for NFM-to-NFM serviced loans

 

NFM SECURITY PRODUCT – NON-AGENCY REIT/PLS

  • Alternative outlet for GSE eligible loans

  • Lower LLPA’s compared to GSE’s

  • Utilize agency AUS for credit underwriting

  • Great outlet for second homes and investment properties

IN-HOUSE NON-QM PRODUCTS AVAILABLE

  • In-house underwriting support and scenario desk

  • Non-warrantable condos

  • 12- and 24-month bank statement

  • Investor DSCR Program (professional investor – LLC allowed)

  • Agency “Just Miss” and asset-based alt-doc programs

  • Closes in our name

ADDITIONAL CREDIT FLEXIBILITIES - FHA

  • Manufactured and modular homes

  • HUD REO

  • HUD with repair escrows

  • FHA 203K Renovation Loans (Full and Streamline)

VA FINANCING

  • Minimum credit score: 580

  • VA Jumbo: 640 to $1M; 680 to $1.5M

  • Scorecard AUS “approve/eligible” or LP “accept”

  • Cash out refinance max LTV 90% 

  • Programs:

    •  15 to 30-year fixed and high-balance / jumbo options

    •  Extended Lock options available

    •  2/1 Buydowns available

  • VA IRRRL

    •  Scores down to 620

    •  No score requirement for NFM-to-NFM serviced loans

    •  No AVM and unlimited LTV options

ADDITIONAL CREDIT FLEXIBILITIES - VA

  • Manufactured homes

  • Vet/Non-Vet joint transactions

  • VA Renovation Loans

 

USDA FINANCING

  • Minimum credit score: 580

  • Purchase and refinance

  • Programs:

    •  Fixed-rate

    •  30-year fixed

    •  2/1 buydowns available

NFM 2ND MORTGAGE OPTION

  • Fixed closed-end 2nds and home equity lines available

  • Delegated underwriting

  • Closes in our name

NON-COMFORMING JUMBO

  • NFM Jumbo Program – delegated – very aggressively priced

  • LTV’s up to 90% 

  • Unlimited cash-out options

  • Jumbo Express – Automated underwriting  (AUS) options

  • Jumbo loan options up to $5M

  • Non-delegated options available

AGENCY AND NON-AGENCY ARM OPTIONS

  • 2nd Home ARM down to $50k

    • Delegated – very aggressively priced

  • Agency ARM options – Pricing can vary depending on market

  • NFM Platinum

    • Aggressively priced $400k to conforming loan limits

    • Options available up to $5M

BROKER HIGHLIGHTS

  • 5th Street Capital

    • Non-QM, bank statements, complex income, foreign income/borrowers, unique properties, non-warrantable condos

  • ACC Mortgage

    • ITIN, Foreign National, Non-QM, DSCR

  • AAG Reverse

    • Reverse mortgages

  • Angel Oak

    • Non-QM Bank Statement, Asset Qualifier, DSCR, Jumbo 90%

  • Carrington

    • Government outlet for loans we cannot lend on 

  • Flagstar Bank

    • Construction-to-perm- jumbo and conventional options

  • Lendsure

    • Non-QM

  • Luxury Mortgage

    • Jumbo “Just Miss”

  • Quontic Bank

    • Non-QM

  • Quorum Federal Credit Union

    • Referral (not broker) of HELOC transactions

  • Symmetry Lending

    • HELOC transactions