In addition to traditional FHA, VA, and conventional loans, Advantage 1st Mortgage, Inc. offers a wide variety of creative and strategic loan packages.  Here are an assortment of special loan programs designed to get you financing for whatever your needs. 

Ask your local Advantage 1st Mortgage representative about which loan programs best fit your needs.

Lower Rate or Lower Fees,
We really do try harder!

Did you know that you can borrow up to 107% loan to value on a primary residence or a second home purchase of up to $400,000?

* First-time home buyers eligible

* Purchase transactions only.
Loan amount may include closing costs and prepaids.

* Debt Consolidation - OK!
Debt consolidation is permitted in conjunction with a Purchase transaction on all Credit Quality Grades up to the maximum LTV permitted by program.  Cash-out to Borrower is not permitted.

95% Loan to Value with a credit score of 575

97% Loan to Value with a credit score of 620

* These loans do require Mortgage Insurance but have
No Prepayment Penalty!!!

Don't want a Mortgage Insurance requirement ?
*95% LTV with a minimum credit score of 600 and a
3 year prepayment penalty.

  No Down Payment!
and the Lender adds up to 3% of loan costs
(can include recurring costs) to the loan amount. 
Seller can also contribute up to 3% towards closing costs.

Great for "fixer-upper" before or after the sale!

LTV as high as 97% on a purchase or a refinance.
The 3% down can come from an unsecured loan, ie. credit card,
if borrower can qualify with payment included in their ratio.

*Debt ratio is 41%

*Borrower may act as General Contractor,
and does not need to be licensed. 

*Appraised at future value.

No Down Payment!

Gifts permitted for closing costs & reserves 

No Mortgage Insurance!

No limit to number of properties owned.

700 Credit score and 2 months cash reserve after close required

If you haven't found the perfect loan, just ask,
we will find the program that is right for you!