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| Fast and Easy |
| Conventional |
| Expanded Criteria |
| VA/FHA |
| 100% loans |
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Fast and Easy
Stated income/asset loan with conventional pricing (ie no hits). 90%ltv
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Conventional
The tradition home mortgage. Available in 10, 15, 20, 25, and 30 year terms. Must verify income and assets. Normally the lowest interest rate
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Expanded Criteria
A group of loans with higher Loan to Values (LTV), stated income, stated assets. Require 660 credit score. Interest rate normally 1-1.5 percent higher than conventional.
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VA/FHA
Government secured loans. Lower downpayment. Interest rate comparable to conventional rates. Mortgage insurance paid upfront.
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100% loans
UCC has serveral 100% programs and even 103% loans. Available for borrowers with excellent credit.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $322,700 with closing costs of $6,454. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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