Single Family Purchase
Real Estate Funding Solutions will NOT run your credit if you already have an existing credit report. Once documents are reviewed, we will provide you with term sheets at no cost. Feel free to email your credit report and appraisal (if available)
1. What is a single family mortgage?
A single family mortgage is the main mortgage for first lien acquisitions for single family properties.
2. What are the mortgage rates for a single family home?
The mortgage rates for a single family home are based on the national prime rate. These rates may vary depending on credit score, the amount of down payment and LTV (Loan To Value).
3. Do you offer single family housing guaranteed loan program?
Yes, we do offer guaranteed programs for single family properties along with many other financial products for those who apply using our secured online 1003 which does NOT require ANY confidential information, such as social security numbers, taxes, or any financial & personal documents.
Benefits:
- Programs are FULLY AMORTIZED (3/1, 5/1, 7/1 and 30 year fixed)
- Credit Scores can go as low as 580 (Some conditions may vary)
- Down payment is usually 20% of the purchase price, but can go as low as 3%
- NO Income and No Tax returns available
- NO bank statements
- NO seasoning required