Products

CONVENTIONAL FINANCING

  • Agency Fixed Rate Programs

    • 10-30 year Fixed and High Balance

    • 6- and 12-Month Extended Lock options

    • Builder 2-1 Buydowns Available

ADDITIONAL CREDIT FLEXIBILITIES - CONVENTIONAL

  • Direct Agency Seller-Servicer

  • Manufactured Homes

  • 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: 580

  • Minimum credit score High Balance: 640

  • Scorecard AUS “Approve/Eligible” or LP “Accept”

  • Programs

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

    • 6- and 12-month extended lock options

  • FHA Streamline

    • Scores down to 620

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

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- & 30-year fixed and high balance / Jumbo options

    • 6- and 12-month extended lock options

  • 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

USDA FINANCING

  • Minimum credit score: 580

  • Purchase and refinance

  • Programs:

    • Fixed-rate

    • 30-year fixed

BOND LOANS

  • Approved with US BANK Mortgage Revenue Bond Division as well as many other state housing finance agencies.

  • Chenoa 3.5% and 5% DPA Edge FHA products available

NON-COMFORMING JUMBO

  • NFM Jumbo Program – Delegated – Very aggressively priced

  • Non-delegated options available

  • LTV’s up to 90% 

  • Unlimited cash out options

  • 5/5 ARM and 15/15 ARM options

  • Jumbo Express – Automated Underwriting (AUS) options

  • Jumbo loan options up to $5M

NFM Security Product – Non-Agency REIT

  • 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

NFM 2nd Mortgage Options

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

  • Delegated Underwriting

  • Closes in our name

Non-QM Products for the Non-Traditional Borrower

  • Bank statements – Bank statements used for qualification 

  • Investor cash flow – Expected rent income used for qualification

  • Just missed – Qualify, even with unpredictable income or recent credit challenges 

  • Asset qualifier – Assets used to qualify

  • 1099 qualifier –1099 used to qualify

  • Non-warrantable condo – Financing for non-warrantable condos