Serving, Washington,Oregon,Seattle,Everett,Bellevue,Tacoma,Olympia,Vancouver,Portland,Beaverton,Tigard,Hillsboro,Tualatin,Gresham,Oregon City,Salem,Clackamas,Washington
County, Multnomah County, Coastal area, Northwest Oregon and Washington
County, Multnomah County, Coastal area, Northwest Oregon and Washington
Financing Programs
Matthew Kolberg
Phone (503) 265-8270
Fax (503) 265-8290
Email:
mattkol@comcast.net
Phone (503) 265-8270
Fax (503) 265-8290
Email:
mattkol@comcast.net
Pathfinders Mortgage
| Turning Dreams into Reality |
| Financial Programs |
First Time Home Buyer Loan Program
Whether you're a first time home buyer or simply starting over, a First Time Home
Buyer loan can help. It's a fast, streamlined way to help new home buyers with the
necessary cash at closing for their down payment and closing costs that they do not
have to repay. Fixed and adjustable rate mortgage products up to 100% LTV/CLTV.
Please give me a call and I can go over all the different types of financing available for
First Time Home Buyers.
Conventional Home Mortgage Loan Program
Conventional conforming home loan, including fixed and adjustable rate mortgage
products, fixed period ARMs, and balloon loans to meet a lot of borrowers' needs. For
larger home mortgage loan amounts, there are jumbo home loans to $650,000, super
jumbo loans to $1,000,000, and mega mortgage jumbo loan products to $2,000,000.
Fast & Easy Home Loan Program - Great Price for Great Borrowers!
The Fast & Easy home loan program offers borrowers with excellent credit a home
loan up to 90% LTV/CLTV without verification of assets or income. This home loan
program offers a great price for borrowers with high quality credit. Just like its name,
it's fast, very easy and there's an 80/10/10 with a Super Streamline HELOC under this
home loan program to avoid Mortgage Insurance. Borrowers can be self employed or
salaried, and there are no reserve requirements with a low down payment
loan.
Expanded Criteria Home Mortgage Loan Program
Getting turned down or spending hours finding a mortgage loan just because your
finances don't fall within the "cookie cutter" criteria for a traditional mortgage loan
program. Expanded Criteria loan program is the answer. These "A" paper mortgage
loans are offered for fixed rates, ARMs and Conforming Fixed 3/1, 5/1, 7/1 & 10/1
ARMs. There are also many no income loan programs such as Reduced Doc, No
Ratio and No Income/No Asset loan programs.
Zero Down Payment Assistance mortgage products:
Down Payment Assistance Program.
FHA and VA Home Mortgage Loan Program
Common government home mortgage loans, including:
assistance home loan for a true zero no down payment home buyer loan.
FHLMC Affordable Gold 97 - Low Income Home Loan Financing
This program is the "simple" answer for low to moderate income financing. As long as
a borrower's income doesn't exceed 100% of the MSA median income, he or she may
qualify for as little as 3% down. Plus, the down payment can be a grant, "affordable
second" or unsecured mortgage loan (from a non-profit organization, government
agency or the borrower's employer), or can come from the borrower's own funds or a
gift from a family member. Only one month of reserves is required. Premium pricing is
allowed for closing costs/prepaids, and home buyer education is not required!
This program is the "simple" answer for low to moderate income financing. As long as
a borrower's income doesn't exceed 100% of the MSA median income, he or she may
qualify for as little as 3% down. Plus, the down payment can be a grant, "affordable
second" or unsecured mortgage loan (from a non-profit organization, government
agency or the borrower's employer), or can come from the borrower's own funds or a
gift from a family member. Only one month of reserves is required. Premium pricing is
allowed for closing costs/prepaids, and home buyer education is not required!
Flex 97 - Ideal First Time Home Buyer Loan Program
This program is ideal for the First Time Home Buyer and move-up borrowers who lack
the funds for a down payment and closing costs but have good credit. Borrowers may
qualify for a Flex loan with as little as 3% down payment plus, the down payment can
be a grant, gift, an "affordable second" or "unsecured loan". Also, there are no median
income restrictions and no first time home buyer education requirements.
Rural Housing Grant Home Loan Program
The Rural Housing Service (RHS) loan is an affordable home lending product
designed to get residents in designated rural areas into a home that they would not
otherwise qualify for. Some of the most attractive features for this home loan include:
HOME EQUITY MORTGAGE LOAN PROGRAMS
Within Every Home Lies a Wealth of Opportunity!
Home equity credit is one of the most popular forms of consumer credit among home
owners. There are lines of credit and second liens on a home loan available to 125%.
These home equity loan products offer minimal paperwork, low start rates, and three
different risk grades to help qualify home borrowers to get a great home equity loan.
Tandem Home Loan Program - One Call, Two Loans, So Many Benefits!
When borrowers "tandem" a Home Equity Line of Credit (HELOC) or Fixed Rate
Second loan with their first mortgage, they may qualify for a larger total home loan
amount, eliminate MI, or avoid jumbo loan pricing. Tandem Home Loan Programs let
you close two loans at the same time without extra documentation! For example, you
have an 80/20 Tandem package under the Expanded Criteria family, requiring no
down payment, and STILL no MI! There's also have an 80/10/10 with a Fast & Easy
home loan program for borrowers with excellent credit, which allows a great home loan
at a great price, up to 90% CLTV with no mortgage insurance and no reserves.
Streamline Home Equity Line of Credit Program!
Streamline Home Equity Line of Credit is a pre-approved home equity loan for
borrowers who are funded with an eligible servicer first mortgage up to six months ago.
There's no documentation requirements and the Super Streamline HELOC loan can
close concurrently with a Fast & Easy home loan for salaried or self-employed
borrowers with excellent credit, a great home loan package at a great price, up to 90%
CLTV, with no reserves and no home mortgage insurance.
Fixed rate seconds and home equity loan seconds are not available in all states.
Contact your lender for restrictions on home equity products in your state. Recording
or stamp fees may apply in some states on Tandem mortgage home loans.
HOME MORTGAGE INSURANCE ALTERNATIVES
Tandem Home Mortgage Loan Program
Borrowers can avoid mortgage insurance with a Tandem alternative. By doing a first
and a second mortgage home loan, borrower can avoid mortgage insurance, increase
their tax deductions, or avoid Jumbo pricing and Jumbo payments. There's little to no
extra paperwork and you can save money in most cases. There are several different
Tandem Home Mortgage Loan opportunities, including:
Any time your down payment is less than 20%, a Tandem first and a second home
mortgage loan is a great way to avoid mortgage insurance and/or Jumbo pricing, as
well as save money on your total home monthly payment!
Mortgage Insurance Alternatives.
There are smart alternatives to regular mortgage insurance. By folding the cost of
mortgage insurance into the loan, borrowers may realize a tax deduction,** plus a
lower net monthly home payment that can help make first time home ownership more
affordable. Home mortgage insurance alternatives are available in several versions,
depending on a home borrower's financial circumstances:
Monthly Tax Advantage MI features an add-on to the home loan's interest rate to
cover the cost of MI, resulting in a potentially greater tax deduction than with the
traditional mortgage insurance you would pay on your home loan.
One-Time Tax Advantage MI features a 3-point increase in the home loan amount,
which is financed over the life of the home loan and typically results in a lower home
monthly payment than with traditional mortgage insurance.
**Borrowers should consult their tax advisor regarding the deductibility of mortgage
interest. Please contact your local branch for any restrictions on home Mortgage
Insurance and eligible home loan types in your state.
SUBPRIME HOME MORTGAGE LOAN PRODUCTS
Flexible guidelines, aggressive pricing and exceptional service is available to home
borrowers with a wide range of financing solutions. When you use an automated
underwriting system, you can get an underwriting outcome for your subprime loan in
minutes. Home mortgage loan products usually include 15 and 30 year fixed and
adjustable rate mortgage products, fixed period ARMs, reduced pricing options, even
a rate-reduction loan for home owners who pay their mortgage loan on time every
month. A through D credit grades fit even the most demanding home borrowers.
EXPANDED HOME MORTGAGE LOAN APPROVAL
This is a series of niche mortgage products intended for borrowers with just slightly
impaired credit. These are borrowers who fall just below A-paper loan criteria, but who
don't really belong in a traditional subprime home mortgage loan product. With
Expanded Loan Approval (ELA) mortgage loans, borrowers can get better terms and
pricing than they would get with subprime home loans, with LTVs (loan to value) as
high as 95%. ELA mortgage loans are available for purchase money, rate-and-term
refi's (refinance), even cashout refi's. Allowed property types include second homes,
owner-occupied one and two-unit residences, manufactured home, and approved
condos. There's even a home mortgage loan program that allows borrowers to lower
their interest rate after two years based on timely monthly payments.
Whether you're a first time home buyer or simply starting over, a First Time Home
Buyer loan can help. It's a fast, streamlined way to help new home buyers with the
necessary cash at closing for their down payment and closing costs that they do not
have to repay. Fixed and adjustable rate mortgage products up to 100% LTV/CLTV.
Please give me a call and I can go over all the different types of financing available for
First Time Home Buyers.
Conventional Home Mortgage Loan Program
Conventional conforming home loan, including fixed and adjustable rate mortgage
products, fixed period ARMs, and balloon loans to meet a lot of borrowers' needs. For
larger home mortgage loan amounts, there are jumbo home loans to $650,000, super
jumbo loans to $1,000,000, and mega mortgage jumbo loan products to $2,000,000.
Fast & Easy Home Loan Program - Great Price for Great Borrowers!
The Fast & Easy home loan program offers borrowers with excellent credit a home
loan up to 90% LTV/CLTV without verification of assets or income. This home loan
program offers a great price for borrowers with high quality credit. Just like its name,
it's fast, very easy and there's an 80/10/10 with a Super Streamline HELOC under this
home loan program to avoid Mortgage Insurance. Borrowers can be self employed or
salaried, and there are no reserve requirements with a low down payment
loan.
Expanded Criteria Home Mortgage Loan Program
Getting turned down or spending hours finding a mortgage loan just because your
finances don't fall within the "cookie cutter" criteria for a traditional mortgage loan
program. Expanded Criteria loan program is the answer. These "A" paper mortgage
loans are offered for fixed rates, ARMs and Conforming Fixed 3/1, 5/1, 7/1 & 10/1
ARMs. There are also many no income loan programs such as Reduced Doc, No
Ratio and No Income/No Asset loan programs.
Zero Down Payment Assistance mortgage products:
Down Payment Assistance Program.
- Zero Down Payment 103% Plan up to $375,000, a loan that allows borrower's to
finance up to 100% LTV. They can even include up to 3% closing costs and
prepaid fees in the home loan amount, for a total loan LTV of 103%!* - Zero Down Payment, 80/20 with a combined mortgage loan amount up to
$500,000.The second mortgage loan can be a HELOC or Fixed Rate and there
are no home Mortgage Insurance loan requirements.
FHA and VA Home Mortgage Loan Program
Common government home mortgage loans, including:
- 203(b) Fixed Mortgage Rate Loan
- 251 ARM home loan
- 234(c) Condo Financing home loan
- FHA Streamline Refinance home loan
- VA IRRRLs (interest rate reduction refinance home loan)
- Teacher Next Door home loan
assistance home loan for a true zero no down payment home buyer loan.
FHLMC Affordable Gold 97 - Low Income Home Loan Financing
This program is the "simple" answer for low to moderate income financing. As long as
a borrower's income doesn't exceed 100% of the MSA median income, he or she may
qualify for as little as 3% down. Plus, the down payment can be a grant, "affordable
second" or unsecured mortgage loan (from a non-profit organization, government
agency or the borrower's employer), or can come from the borrower's own funds or a
gift from a family member. Only one month of reserves is required. Premium pricing is
allowed for closing costs/prepaids, and home buyer education is not required!
This program is the "simple" answer for low to moderate income financing. As long as
a borrower's income doesn't exceed 100% of the MSA median income, he or she may
qualify for as little as 3% down. Plus, the down payment can be a grant, "affordable
second" or unsecured mortgage loan (from a non-profit organization, government
agency or the borrower's employer), or can come from the borrower's own funds or a
gift from a family member. Only one month of reserves is required. Premium pricing is
allowed for closing costs/prepaids, and home buyer education is not required!
Flex 97 - Ideal First Time Home Buyer Loan Program
This program is ideal for the First Time Home Buyer and move-up borrowers who lack
the funds for a down payment and closing costs but have good credit. Borrowers may
qualify for a Flex loan with as little as 3% down payment plus, the down payment can
be a grant, gift, an "affordable second" or "unsecured loan". Also, there are no median
income restrictions and no first time home buyer education requirements.
Rural Housing Grant Home Loan Program
The Rural Housing Service (RHS) loan is an affordable home lending product
designed to get residents in designated rural areas into a home that they would not
otherwise qualify for. Some of the most attractive features for this home loan include:
- 100% LTV based on the appraised value of the home
- No down payment (zero down payment)
- No cash reserves required (great for a first time home buyer)
- No MI requirement (a guarantee fee is required)
- Manufactured home housing permitted
HOME EQUITY MORTGAGE LOAN PROGRAMS
Within Every Home Lies a Wealth of Opportunity!
Home equity credit is one of the most popular forms of consumer credit among home
owners. There are lines of credit and second liens on a home loan available to 125%.
These home equity loan products offer minimal paperwork, low start rates, and three
different risk grades to help qualify home borrowers to get a great home equity loan.
Tandem Home Loan Program - One Call, Two Loans, So Many Benefits!
When borrowers "tandem" a Home Equity Line of Credit (HELOC) or Fixed Rate
Second loan with their first mortgage, they may qualify for a larger total home loan
amount, eliminate MI, or avoid jumbo loan pricing. Tandem Home Loan Programs let
you close two loans at the same time without extra documentation! For example, you
have an 80/20 Tandem package under the Expanded Criteria family, requiring no
down payment, and STILL no MI! There's also have an 80/10/10 with a Fast & Easy
home loan program for borrowers with excellent credit, which allows a great home loan
at a great price, up to 90% CLTV with no mortgage insurance and no reserves.
Streamline Home Equity Line of Credit Program!
Streamline Home Equity Line of Credit is a pre-approved home equity loan for
borrowers who are funded with an eligible servicer first mortgage up to six months ago.
There's no documentation requirements and the Super Streamline HELOC loan can
close concurrently with a Fast & Easy home loan for salaried or self-employed
borrowers with excellent credit, a great home loan package at a great price, up to 90%
CLTV, with no reserves and no home mortgage insurance.
Fixed rate seconds and home equity loan seconds are not available in all states.
Contact your lender for restrictions on home equity products in your state. Recording
or stamp fees may apply in some states on Tandem mortgage home loans.
HOME MORTGAGE INSURANCE ALTERNATIVES
Tandem Home Mortgage Loan Program
Borrowers can avoid mortgage insurance with a Tandem alternative. By doing a first
and a second mortgage home loan, borrower can avoid mortgage insurance, increase
their tax deductions, or avoid Jumbo pricing and Jumbo payments. There's little to no
extra paperwork and you can save money in most cases. There are several different
Tandem Home Mortgage Loan opportunities, including:
- 100% CLTV loan80/20
- 95% CLTV loan75/20/0580/15/05
- 90% CLTV loan75/15/1080/10/10
Any time your down payment is less than 20%, a Tandem first and a second home
mortgage loan is a great way to avoid mortgage insurance and/or Jumbo pricing, as
well as save money on your total home monthly payment!
Mortgage Insurance Alternatives.
There are smart alternatives to regular mortgage insurance. By folding the cost of
mortgage insurance into the loan, borrowers may realize a tax deduction,** plus a
lower net monthly home payment that can help make first time home ownership more
affordable. Home mortgage insurance alternatives are available in several versions,
depending on a home borrower's financial circumstances:
Monthly Tax Advantage MI features an add-on to the home loan's interest rate to
cover the cost of MI, resulting in a potentially greater tax deduction than with the
traditional mortgage insurance you would pay on your home loan.
One-Time Tax Advantage MI features a 3-point increase in the home loan amount,
which is financed over the life of the home loan and typically results in a lower home
monthly payment than with traditional mortgage insurance.
**Borrowers should consult their tax advisor regarding the deductibility of mortgage
interest. Please contact your local branch for any restrictions on home Mortgage
Insurance and eligible home loan types in your state.
SUBPRIME HOME MORTGAGE LOAN PRODUCTS
Flexible guidelines, aggressive pricing and exceptional service is available to home
borrowers with a wide range of financing solutions. When you use an automated
underwriting system, you can get an underwriting outcome for your subprime loan in
minutes. Home mortgage loan products usually include 15 and 30 year fixed and
adjustable rate mortgage products, fixed period ARMs, reduced pricing options, even
a rate-reduction loan for home owners who pay their mortgage loan on time every
month. A through D credit grades fit even the most demanding home borrowers.
EXPANDED HOME MORTGAGE LOAN APPROVAL
This is a series of niche mortgage products intended for borrowers with just slightly
impaired credit. These are borrowers who fall just below A-paper loan criteria, but who
don't really belong in a traditional subprime home mortgage loan product. With
Expanded Loan Approval (ELA) mortgage loans, borrowers can get better terms and
pricing than they would get with subprime home loans, with LTVs (loan to value) as
high as 95%. ELA mortgage loans are available for purchase money, rate-and-term
refi's (refinance), even cashout refi's. Allowed property types include second homes,
owner-occupied one and two-unit residences, manufactured home, and approved
condos. There's even a home mortgage loan program that allows borrowers to lower
their interest rate after two years based on timely monthly payments.
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