2018 Pa Loan Programs

Net Equity Financial Mortgage
 
   

Real Estate Agents,Lender Partners and Borrowers 

Below is a partial list of our Net Equity Loan Programs offered for 2018.  By no means is this an exhaustive list and it will be updated periodically. At Net Equity, we are continually in search of new loan programs to add to our list of currently more than 100 home financing programs. Our overarching goal is to provide exceptional value to our Borrowers, Lender Partners, Real Estate Agents,  access to specific loan programs that will meet the needs of their clients. To inquire about details of a specific program, please feel free to call us at 215-741-3131 or 800-757-1990 and we’ll be happy to answer your inquiry.  You can also email us at LoanDept@NetEquityLoans.com

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215-741-3131

 

Conventional Loan Programs List

Conventional 1% Down Payment Loan Program​  

Program highlights include:

  • Clients pay 1%, UWM gifts 2%, giving borrowers 3% equity at closing
  • 700+ FICO, 43% max DTI
  • Great low rates
  • Close in 30 days or less
  • Available with no monthly Mortgage Insurance

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Elite High Balance Loan Program


Elite High Balance offers some of the best conventional high balance rates and pricing for your top-tier clients. You'll receive industry-leading turn times, direct access to underwriting, and award-winning technology with every loan.

Program highlights include:

·         740+ FICO

·         Up to 80% LTV

·         Loan amounts from $417,001 up to County Loan Limits

·         Property Inspection Waivers honored

·         Underwrite to AUS findings

·         Includes Conventional, High Balance and ARMs

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Elite High Balance ARM Loan Program

 

Need an ARM loan to accommodate non-conforming loan amounts for your top-tier borrowers? The Elite High Balance 5/1 and 7/1 ARM products are great options.

 

Program highlights include:

·         740+ FICO

·         Up to 90% LTV

·         Loan Amounts from $417,001 up to County Loan Limits

·         Property Inspection Waivers honored

·         Underwrite to AUS findings

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Pay Advantage Standard Loan Program

Program highlights include:

·         Up to 97% LTV with no monthly M.I.

·         100% gift for down payments eligible

·         Underwrite to AUS findings

·         M.I. certificates issued in house with no M.I. overlays

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Pay Advantage Preferred Loan Program

Program highlights include:

Pay Advantage Preferred caters to top-tier 760+ borrowers, eliminates the monthly mortgage insurance while receiving all of the benefits you've come to expect alongside our #1 M.I. product, Pay Advantage.

 

·         1.45% premium for 90.01 - 95% LTV

·         0.87% premium for 85.01 - 90% LTV

·         0.50% premium for 80.01 - 85% LTV

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Split 50 and Split 100 Loan Program

Split 50 and Split 100 is a hybrid program combining a single-premium M.I. adjustment with the balance of the M.I. premium to be paid at a reduced monthly rate. Your client will benefit from a lower monthly M.I. payment, saving them hundreds of dollars every month while giving them a great low rate.

Program highlights include:

·         LTVs up to 95%

·         Split 50 at only 50 basis points

·         Split 100 is a less expensive option for your borrower than FHA loans

·         Underwrite to AUS findings

 

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Ultimate Advantage Blue Loan Program

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly M.I. payment, while ensuring the maximum credit to offset the closing fees. Strengthen your purchase business by giving your borrower the best of both worlds.

 

Program highlights include:

·         Down payment as low as 3%

·         Use seller contributions to eliminate monthly M.I.

·         Accommodate a low rate and payment while providing a premium credit to negate closing costs

·         Empower your clients to qualify for the home of their dreams

 

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Flex Term Loan Program

Program highlights include

Customizing the perfect loan for you without resetting the mortgage clock! Flex Term provides borrowers with flexible options to select their amortization term.

 

·         Available on all conventional loan products

·         Terms available from 8–30 years

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HomeReady Loan Program

Fannie Mae’s conventional option for borrowers looking to purchase with a low down payment or refinance with limited equity

Program highlights include:

·         Purchases up to 97% including FTHB

·         Refinances up to 95% LTV, regardless of current mortgage program

·         Reduced Mortgage Insurance

·         High Balance available

·         Relaxed AMI income limits based on census tracts

·         Gift funds eligible for entire down payment

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Home Possible Loan Program

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

 

Program highlights include:

·         Up to 95% LTV

·         First time homebuyers, move-up borrowers, and retirees

·         No income limits for Underserved Areas

·         No reserve requirements for 1-unit properties

·         Gift funds eligible for entire down payment

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Home Possible Advantage Loan Program

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

Program highlights include:

·         Up to 97% LTV

·         First time homebuyers, move-up borrowers, and retirees

·         Refinances up to 97% LTV, regardless of current mortgage program

·         No income limits for Underserved Areas

·         No reserve requirements for 1-unit properties

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High Balance Loan Program

Time is of the essence with every borrower. Don’t wait while your borrower shops around—give them the most competitive rates and close their High Balance loan in record time!

 

Program highlights include:

·         Loan amounts from $417,001 – county loan limits

·         Elite pricing available for your top-tier clients

·         640+ FICO

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Limited Review Condo Loan Program

Net Equity Financial makes your condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.

Program highlights include:

·         Available in all 50 states

·         No condo questionnaire required

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HARP 2.0 Loan Program

We’re closing HARP 2.0 (Home Affordable Refinance Program) in 20 days or less! Do you have a client that has a current loan with Fannie Mae that was originated prior to May 31, 2009? HARP 2.0/DU Refi Plus allows your client to refinance their current loan even if they owe more than the property is currently valued at.

 

Program highlights include:

·         Up to 175% LTV/Unlimited CLTV

·         No DTI restrictions (approve/eligible findings)

·         Property inspection waivers are accepted

·         Condos and high balance loans are eligible up to 125% LTV/CLTV

·         M.I. transfers allowed with our HARP 2.0 with M.I. program

·         .75 max cap adjustment

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Adjustable Rate Loan Programs (ARMs)



Net Equity’s aggressive ARM pricing can provide a lower payment for your client! Secure your borrower in a competitive 5/1 or 7/1 low interest rate ARM.

Program highlights include:

·         Provide savings for clients with lower rate and payment options

·         Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario

·         Reduced caps to 2/2/5 on all 5/1 ARM products

·         7/1 ARMs qualify at the actual note rate

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High Balance ARM Loan Program


Need an ARM loan to accommodate non-conforming loan amounts? Qualify your borrowers for UWM’s high balance 5/1 and 7/1 ARM products! Conventional loans meeting the following requirements are eligible:

 

Program highlights include:

·         $417,001+ loan amount

·         LTV's as high as 90%

·         640+ FICO

·         Underwrite to AUS findings

·         Available in all 50 states

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FHA Loan Programs

Pay Advantage Preferred Loan Program
Eliminate monthly mortgage insurance and increase your borrower's buying power! Pay Advantage offers your clients one of the lowest monthly payments available with a low down payment.
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FHA Elite Loan Program
Takes our FHA borrowers to a new level with industry-leading government rates and pricing.
 Our obvious choice for top-tier clients.

Program highlights include:

·         720+ FICO

·         $175,000 - county loan limit

·         All fixed term mortgages

·         Single family primary residences

·         Debt ratios accepted up to 55%

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FHA Streamline Loan Program

UWM’s FHA Streamline program allows you to refinance your FHA borrower with no appraisal or AVM. Time is of the essence—stop the shop and use our quick closing process to secure your borrower.

Program highlights include:

·         640+ FICO

·         Debt ratios accepted up to 55%

·         Up to 60 days interest allowed

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HUD REO Loan Program

Our real estate partners and clients love this program. Net Equity can close your HUD REOs in as fast as two weeks from submission while allowing holdbacks up to $5,000 for escrow repairs.

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FHA ARM Loan Program

Net Equity’s aggressive ARM pricing can provide a lower payment for your client. 

·         5/1 Treasury ARM available

·         Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario

·         Qualifies at note rate

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Veterans Administration (VA) Loan Programs

VA Elite Loan Product

Takes our VA borrowers to a new level with industry-leading government rates and pricing.
 This is the obvious choice for our top-tier veteran clients.

 

Program highlights include:

·         720+ FICO

·         $175,000 minimum loan limit

·         Maximum loan amount can exceed county limits

·         All fixed term mortgages

·         Single family primary residences

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VA IRRRL Loan Program

Exclusively for those who have bravely served in the Armed Forces with UWM’s VA IRRRL with no appraisal.
 Allows our veteran borrowers to take advantage of their VA benefits by streamlining their current VA loan into a lower interest rate.

Program highlights include:

·         LTVs available up to 150%, unlimited CLTV

·         No appraisal

·         Maximum loan amount can exceed county limits

·         Available in all 50 states

·         AVM ran prior to submission

·         Elite pricing available 

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Jumbo Loan Programs

 


Jumbo Elite Loan Program

 

Gives our Jumbo clients the pricing and turn times they deserve.
Jumbo Elite loans not only allows us to offer competitive pricing to our clients,
 but it also allow us to close in an impressive 25 days or less.

Program highlights include:

·         Loan amounts up to $2 million

·         Exclusive rate incentives for borrowers with 740+ FICO

·         Eligible for primary and second homes

·         ARM and fixed-rate options available

·         Same-day closings with UClose

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Standard Jumbo Loan Program

The only true Jumbo loan that is easy to close! Among the most competitive 30-year fixed rates in the industry, UWM offers incentives on all purchase transactions. From primary homes to investment properties, UWM provides jumbo loans with clear, hassle-free guidelines. 

Program highlights include:

·         Eligible for primary, secondary and investment properties

·         FICOs as low as 700

·         Loan amounts up to $2.5 million

·         Fixed rate and ARM loans available

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Keystone Pa Jumbo Loan Program


The Keystone Jumbo loan is very specific to Borrowers who live, work or worship in Chester, Delaware, Montgomery, Bucks or Philadelphia counties in Pennsylvania including primary homes to investment properties

Program highlights include:

Purchase/Cash out/ Rate Term

FICOs as low as 680 Max DTI 43%

  Fixed rate and ARM loans available

 Loan amounts up to $2.5 million

KEYSTONE PA JUMBO PROGRAM DETAILS

 Purchase loan amounts: $417,001 ‐ $1,000,000:
 90% primary home and Second homes with MI $1,000,001 ‐ $2,000,000:
 80% primary and second homes $2,000,001 ‐ $2,500,000:
75% primary and second homes

 Rate and term: $417,001‐ $1,000,000:
 90% primary and second homes with MI $1,000,001 ‐ $2,000,000:
80% primary and second homes $2,000,001 ‐ $2,500,000:
75% primary and second homes

Cash out: $417,001 ‐ $625,500: 80% primary only $625,500 ‐ $1,000,000:
75% primary only $1,000,001 ‐ $2,000,000:
65% primary only $2,000,001 ‐ $2,500,000:
 60% primary only Case by case.
Max cash out not to exceed $500,000 
       

 

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Commercial Property Loan Programs

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