Atlanta Mortgage Info

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Products & Programs These are guidelines - our lenders are the experts, talk with them and they can tailor the best option for you based on your circumstances.
A variety of loan programs exist to meet your needs. We work with the leading lenders in the industry to provide:
Conforming Programs: (Credit Score Range: 620 - 850)
Conforming loans are the Fannie Mae and Freddie Mac sponsored programs. They include Conventional Fixed Rate and ARM and Interest Only products. 100% financing is available with this type of loan program and they are designed for people with Excellent Credit Scores. Loan options include Cash-Out and Investment Property. Conforming loans will offer you the lowest possible interest rates. Mortgage Insurance is required for LTV's of 81% and greater.
Non-Conforming Programs: (Credit Score Range: 580 - 720)
Non-Conforming loans are the Jumbo's, ALT-A's, Stated Income and NINA loans. They include Fixed Rate, ARM, and Interest Only products. 100% financing is available with this type of program and they are designed for people with Good to Excellent Credit Scores. Interest rates will be slightly higher than the Conforming Programs. Loan options include Cash-Out and Investment Property. Mortgage Insurance may be required for LTV's of 81% and greater. Maximum DTI is around 45%.
Sub-Prime Programs: (Credit Score Range: 520 - 680)
Sub-Prime or Non-Prime programs are designed for people that have Good to Ok Credit Scores. These programs cater to special requirement issues such as late payments, foreclosure and bankruptcy. These loans typicality are used as short term, temporary or band aid loans, allowing time for credit repair, before refinancing. They offer higher DTI ratio's and usually do not contain Mortgage Insurance requirements. Programs are available as Fixed Rate, ARM, Combo's (80/20) and can contain an Interest Only feature. The Interest rate will be slightly higher than the Non-Conforming Programs. Loan options include 100% financing, Stated Income, NINA, Cash-Out and Investment Properties. Maximum DTI is around 50%

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