THE RIGHT HOME, THE RIGHT LOAN UNIVERSAL LENDING OFFERS A WIDE ARRAY OF MORTGAGE PRODUCTS TO FIT YOUR NEEDS, INCLUDING: Conventional Fixed Rate Loans Standard mortgage with a consistent interest rate & monthly payment over the life of the loan. • FNMA HomeReady Designed for low-to-moderate-income borrowers, offering reduced mortgage insurance and down payment requirements. • FHLMC Home Possible Freddie Mac-backed loan that helps low-income borrowers with flexible credit terms and a low down payment option. • FHLMC HomeOne A Freddie Mac program for first-time homebuyers offering 3% down. FHA – 96.5% Financing Government-backed loan with just 3.5% down payment required; can include options for down payment assistance up to 100% financing. VA – 100% Financing for Veterans Loan exclusively for eligible veterans and active-duty service members, requiring no down payment. Adjustable-Rate Loans Loans with interest rates that change periodically, offering lower initial rates that adjust based on market conditions. Jumbo Loans Loans that exceed conventional conforming loan limits. Various State Down Payment Assistance Programs Local or state-sponsored aid that provides grants or loans to help cover down payments and/or closing costs. Non-QM (Non-Qualified Mortgage) Flexible loans for borrowers who may not meet traditional lending guidelines. • DSCR – Rental Income Qualifier Designed for real estate investors; uses rental income from the property to qualify rather than personal income. • Bank Statement Loan Qualifies self-employed borrowers using 12–24 months of personal or business bank statements instead of tax returns. • P&L Loan Uses profit & loss statements prepared by a CPA to determine income, often used by self-employed borrowers. • 1099 Loan Tailored for independent contractors using 1099 forms to verify income instead of W-2s. • Asset Utilization Qualifies borrowers based on liquid assets (savings, investments), instead of employment income. • ITIN Loan Available to individuals who do not have a Social Security Number but have an Individual Tax Identification Number (ITIN).
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