A foreign national loan is a type of mortgage for individuals who aren't citizens or permanent residents of the country where they're borrowing money.

• LTVs up to 75% Eligible properties: condos, single-family residences (SFR), and townhouses.
• Rate wiil not increase for types of properties; closing in an LLC name allowed
• Income calculation based on averaging the last two years earnings
• Valid passport required; visa may be needed depending on country.

An ITIN loan is a type of credit available to individuals who have an Individual Taxpayer Identification Number (ITIN) instead of a Social Security Number (SSN).

• Full doc 90% LTV - 24 month Bank statement 85% LTV and/or P&L
• Loan Amount up to $1.5M
• Valid passport required; visa may be needed depending on country
• Country restrictions: Venezuela, Russia, Hungary, Ecuador, Turkey, and Ukraine

A fixed rate is an interest rate on a loan that remains constant throughout the entire term of the loan.

• Fixed Rate Terms: Choose from 30-, 25-, 20-, 15-, and 10-year options.
• Low Down Payment: Buy a primary home with as little as 5% down.
• High Refinance Limit: Refinance up to 95% of your primary home's value.
• Payment Stability: Monthly payments remain constant throughout the loan term

Adjustable Rate Mortgages (ARMs): Rates tied to financial index, fluctuate over time. Initial lower rates attractive, can lead to lower initial monthly payments.

• Rates adjust periodically, often annually after initial fixed-rate period.
• Fluctuations in rates can change monthly payments, may increase or decrease.
• ARMs suitable for those planning to sell or refinance before initial fixed-rate period ends.
• Initial fixed-rate period typically 3, 5, or 7 years, then adjusts annually.

FHA stands for Federal Housing Administration. It's a government agency that insures mortgages, primarily for low-to-moderate-income borrowers. FHA loans are popular for their low down payment requirements, typically as low as 3.5%, and lenient credit score standards compared to conventional loans.

• Purchase: 550 FICO at 90% LTV, 580 FICO at 96.5% LTV
• Cash Out Refinance: 580 FICO at 80% LTV, Manual U/W: 600 FICO at 80% LTV
• Max DTI per AUS, Min Loan Amount $75,000
• Blended Ratios with Non-occupant Co-borrower, W2 Only Available