Agency Conforming

About Agency Conforming Products

Agency Conforming loans, in the US, are loans that conform to the guidelines of the Government Sponsored Entities known as Fannie Mae and Freddie Mac.

DU High Balance

About High Balance Products

High Balance loans were introduced as a temporary fix by the government mortgage agencies in response to the illiquidity of the Jumbo loan market. Under this temporary program, Fannie Mae and Freddie Mac will buy loans above their standard Conforming limits, based on the housing costs by county.

DU Refi Plus

About Refi Plus Products

Fannie Mae’s DU Refi Plus is a product that allows the flexibility to provide borrowers with a significantly less-stringent streamlined refinance process.

DU Refi Plus High Balance

About Refi Plus High Balance Products

Fannie Mae’s DU Refi Plus High Balance product works the same as a normal DU Refi Plus but is designed to meet the needs of those areas of the country with higher loan limits.

DU HomePath

About HomePath Products

HomePath products allow a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

DU HomePath High Balance

About HomePath High Balance Products

Fannie Mae’s HomePath High Balance product works the same as a normal HomePath product but is designed to meet the needs of those areas of the country with higher loan limits.

Interest-Only

About Interest Only Products

A mortgage is “interest only” if the scheduled monthly mortgage payment consists of interest only. The option to pay interest only lasts for a specified period, usually 5 to 10 years. Borrowers have the right to pay more than interest if they want to.

FHA (Standard & High Balance)

About FHA Products

The FHA program has been in place since the 1930s to help stimulate the housing market by making loans accessible and affordable. Traditionally, FHA loans have helped military families who return from war, the elderly, handicapped, or lower-income families, but really, anyone can get an FHA loan – they are not just for first-time home buyers.

FHA Streamline Refinance (Standard & High Balance)

About FHA Streamline Products

FHA Streamline Refinance is a home financing solution for borrowers with an FHA Loan. This program offers lower total lender fees and reduced documentation compared to standard FHA loans.

FHA 203K Streamline

About FHA 203K Streamline Products

Combine repairs and home financing into one loan. The FHA 203k Streamline allows borrowers to finance the purchase or refinance of an existing home and make improvements or upgrades up to $35,000. $5,000 minimum repair costs required.

VA (Standard & High Balance)

About VA Products

These loans are made by a lender, such as a mortgage company, savings and loan, or bank and are insured by the US Department of Veteran’s Affairs. VA’s guaranty on the loan protects the lender against loss if the payments are not made, and is intended to encourage lenders to offer veterans loans with more favorable terms.

VA (IRRRL)

About VA IRRRL Products

The Interest Rate Reduction Refinancing Loan (IRRRL) offers current VA mortgage holders an excellent opportunity to take advantage of low interest rates.

To learn more about the Value Point 4 (VP4) from CoreLogic, which may be required, contact Scott White at (949) 214-1625 or scwhite@corelogic.com

Jumbo

About Jumbo Products

Super Jumbo loans are alternatives to Agency High Balance products but also extend beyond those limits up to loans of $2,000,000.