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100% Loans
CODI Pick-A-Pay Loan
International Investor Loans
Stated Income Loans
Adjustable Rate Loans
Debt Consolidation Loans
Home Equity Line of Credit (HELOC)
FHA/ VA Loans
107%, 103%, and 100% loans
Through these special programs, we are able to offer you loans for up to the entire value of your desired house and even higher – as high as 107% of the value of your house. This loan product allows for you to finance the cost of your home as well as the closing cost required for completing the purchase. You could actually buy your house and get money back at settlement to assist in moving and making improvements on the house!
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100% Loans
- We have a variety of 100% loan programs that finance the entire cost of the house you are buying or refinancing. We offer both single 100% loans as well as 80/20 loan combos (An 80/20 combo is a loan package made up of two loans that finances 100% of the cost of the house – one loan covers 80% of the value and the other covers 20% of the value of the house. The advantage of an 80/20 combo is that it allows you to avoid paying a monthly mortgage insurance.
- Community Plus Loan Program – This is a special 100% loan program designed for teachers, fire fighters, Police officers and other law enforcement personnel. This loan program allows borrowers to purchase a house with as little as $500 or 1% of the loan amount (the lesser of the two).–Back to top
CODI - PICK A PAYMENT
o This is one of our special loan products that allow our clients to pick one of four payment options every month without any additional charges to them. The options are as follows
- 30 year Payment schedule
- 15 year Payment schedule
- Interest Only Payment schedule
- Minimum payment schedule – calculated at an interest rate of 2%*
This Loan product is also available to foreign investors allowing them to buy homes in the US without any SSN or employment in the US. Back to top
STATED INCOME LOANS AND NO INCOME VERIFICATION LOANS
STATED INCOME LOANS
- This loan program caters to the mortgage needs of clients that are self employed or who cannot support their income with pay stubs and W2s.
NO INCOME AND NO ASSET VERIFICATION LOANS
- This loan program allows us to secure loans for clients without the need for a verification of Income and or assets Back to top
ADJUSTABLE RATE LOANS
Adjustable rate mortgages allow for us to provide you with interest rates that are lower than those available for fixed rate loans. With adjustable rate loans, we can secure rates as low as 1.99% for our clients. Back to top
DEBT CONSOLIDATION
Through our streamline refinance products, we are able to refinance clients to a lower interest rate while paying off their high interest rate credit cards and other consumer debts.Back to top
HOME EQUITY LOANS
With our Home Equity Loans, clients are able to take loans against the equity of their homes. This program approves a client for a loan (against their home equity) and provides them with a cash pot from which to draw money from. Interest is charged only on the money actually drawn by the borrower. Back to top
FHA/ Veterans Administration LOANS
These are Government insured, low down payment loans (3% of loan amount for FHA loans and 0% for VA loans). Being government insured loans, the mortgage insurance required on FHA and VA loans are less which means you pay less on your monthly mortgage payments. These loans also allow eligible borrowers with lower than average credit scores to obtain mortgages at good interest rates.
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Address:
7335 Hanover Parkway,
Suite D
Greenbelt, MD 20770 |
Email:
info@bonviewmortgage.com |
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