Loan Programs
Are you looking to obtain the lowest possible monthly payment, are you planning to move in 5 to 7 years, or are you planning to live in the home until you retire? You use that information to select the right home, and we use that information to match the borrower to the right loan program....
Why DFWHomeLoan?
Simple. We work for you - we work hard, and we are creative.
Personal service and web convenience just makes it easier!
Property Types
There are programs designed for:
Single Family Residences
Two (Duplex) through Four (Fourplex) Family Residences
Condominiums
Townhouses
The proposed use of the property - primary residence, second home or investment property - is another criteria to be considered in determining the type of program that is right for you.
Programs
We offer virtually hundreds of loan programs, including those listed in the table here below. If you see a program you're interested in, just click and we'll get you to the glossary page for more information...
| 15 & 30 Yr. Conforming Fixed Rate | Jumbo and Super Jumbo |
| 1,3,5,7 and 10 Year Adjustable | COFI, COSI and MTA Adjustable |
| Stated Income | No Income Verification |
| 80/10/10 and 80/15/5 No MI | 90% Single Premium MI |
| FHA/VA | Flex 97 |
| 100% and 103% Financing | Deferred Interest |
| One-Time Close | Lot Loans |
| Purchase Plus Home Improvement | 5 and 7 Year Balloons |
| Refinance | Streamline FHA Refinance |
| Cash-Out Refinance | Cash-Out Second Liens |
Pricing
Our "Rate" column reflects the typical penalty in rate for two levels of less than "A" credit. The rate of that loan, compared to a comparable loan for a borrower with good to great credit (referenced as A+ credit). The scale uses that borrower's rate as par. Par rates are the rates published on our rate page.
This table is a useful reference, but please contact us for exact rates....
| LOAN TYPE | CREDIT TYPE | RATE |
| Conforming 30 Year Fixed Rate | Lenders Dream (A+ Credit) - No late pays on mortgage or rent, no collection accounts or foreclosures at all, 1 or maybe 2 late pays on an installment loan or revolving charge account within the last 13-24 months, but none within the most recent 12 months. |
Par All Programs Available |
| Conforming 30 Year Fixed Rate | About Average (A Credit) - No late pays on mortgage or rent within the last 24 months, no foreclosures, no open collection accounts within the last 24 months, 1 late pay on an installment loan or revolving charge account within the last 12 months or no more than 2 to 3 in the combined 24 months. |
Par Most Programs Available |
| Conforming 30 Year Fixed Rate | Below Average (A- Credit)-A few rough spots. Maybe a late payment on the rent or mortgage over a year ago, you went to collection over 12 months ago and it was settled, a couple 30 day and maybe a 60 day late payment on installment and/or revolving accounts within the last 24 months. | Par up to Par + 1.5%-2.5% |
| Conforming 30 Year Fixed Rate | Challenged (B Credit)-Open collection account(s), payment plan bankruptcy discharged within 30 days to 4 years (with good credit history and open lines since), 30 and 60 day late pays within the last 12-24 months on different types of accounts, good assets and 20% to 30% to apply towards down payment. | Par + 2.5% up to Par + 5% |
Realty Mortgage/DFWHomeLoan
1280 South Main Street Suite 102
Grapevine, TX 76051
817-410-1120 metro
Consultant@DFWHomeLoan.com