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The 50 Year Loan Program
Who needs it?
If your credit history is not perfect, and you want a lower monthly mortgage payment.
This may be your answer.
Traditional 1 mortgage:
- Full/Limited: credit scores as low as 580+
- No Income Documentation: credit scores as low as 600+
- No Income No Asset Documentation credit scores as low as 680
- Loan amounts from $50,000 to $1,000,000
- SFD/Duplex, condo/PUD, 3-4 units
- Owner occupied, 2nd Homes concidered as owner occupied
- Up to 100% financing
- Bankruptcy one day out of discharge* (call for review to confirm)
- Up to 6% seller credit contributions
Combo
- Full Documentation: credit scores as low as 600
- Limited/stated credit scores as low as 620
- Loan amounts up to $1.5M, minimum $80K on the 1st, minimum of $20k on 2nd.
- Bankruptcy one day out of discharge*(call for review to confirm)
- Up to 6% seller credit contributions
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