Residential Loans / Mortgage America - Hard-to-Place Residential/Commercial/Business Loans Specialist

Mortgage America

Your Trusted Lending Partner^SM

Some of Our Recent Closings

100% O/O Stated SFR Purchase FICO 629 ARM $3,800,000

100% O/O No Doc. SFR Cash-Out Refi FICO 603 ARM $750,000

95% N/O/O Stated 2-Unit Purchase FICO 622 ARM $690,000

85% O/O Stated 2-Unit Purchase FICO 581 ARM $782,000

85% 2nd Home Stated Condo Purchase FICO 651 ARM $382,500

80% O/O Full Doc. SFR Purchase 1.50% Payment Rate FICO 637 ARM $536,800

70% O/O Stated SFR Purchase FICO 493 ARM $1,240,000

70% O/O Stated Non-Resident Alien SFR Purchase NO FICO Fixed $371,000

Client Quotes

As non-resident aliens, we have no social security numbers and no credit records. We had found a house but could not get a loan from a personal friend who works at a local bank. He then referred us to Mortgage America. I was a little skeptical at first, but soon I realized I was so lucky working with them as everything went so well. We were very satisfied with the interest rate and friendly service. Thanks to the help of Mortgage America, we are now settled down in a nice community. - Mr. & Mrs. Grigorian

Program 110
FORECLOSURE BUYOUT

75% CLTV expanded combo - 65% first mortgage and 10% HELOC second open line of credit on O/O SFR, N/O/O, and 1-4 family units
Equity loan up to 90% CLTV
No section 32 loans
Foreign nationals ok
Get cash
No credit scores reuqired
No income or assets required
Refinance-stop foreclousre

Program 120
Special Circumstance Loans

Loan amounts to $7,500,000
Payment rate starts from 1.25%
50/30, 40/30 year balloon options available
On purchase of O/O prorpeties, 100% LTV from FICO 620 on 1-2 units, 95% LTV from FICO 660 on 3-4 units
Interest only payment loan up to 100% LTV
Stated 95% jumbo loan up to $6,000,000 with FICO 680 and up
Stated 80% LTV for non-permanent resident alien
Family deed transfers to 95% LTV
Funds are sourced, not seasoned
Mortgage history not required on LTV/CLTV 90% or less
No BK and foreclosure seasoning
No appraisal options
No mortgage insurance required
Up to 6% seller concessions for closing costs allowed
Common-sense approval process
Quick closings

Program 130
2nd Mortgage

40/15 second must be paired with a 40 or 50-year first lien on owner occupied property, FICOs from 540

Stated 2nd mortgage up to CLTV 100% with max. loan amount $500,000 for standalone or piggyback behind a 1st mortgage program

Full doc. 2nd mortgage up to CLTV 125% with max. loan amount $125,000 for debt consolidation, documented home improvement or asset acquisition

Negative amortization 1st allowed on some programs

HELOC program available

Program 140
Rapid Purchase

Only 18-month mortgage payment rating or record required
No reserve requirement
Funding from FICO 540
100% LTV from FICO 620
Interest only financing avaliable
Owner occupied, primary residence only

Program 150
Rapid Cash Out Refi

No earned income doc. required
Up to $500,000 cash in hand
Funding from FICO 540
100% LTV available from FICO 620
Only 18-month mortgage payment rating or record required

Program 160
Investor Express

Stated 80% LTV, 90% CLTV

Loan amounts to $4,000,000 with FICO 620 and up

Program 170
EZ Loans for Real Estate Professionals

Special programs feature 90% CLTV for new purchase or rate/term/cash-out refi
All types of credit and financial considered
Super rates and terms

* Residential loan programs are only available in Calfiornia

At any time to submit a loan proposal, click the link Loan Quote.

The material on this web site is for informational purposes only. This information

may change without notice, and does not contain all of the applicable terms,

conditions, limitations and exclusions of the products and services described herein.