The best rates and stated income programs available!

Here are a few of the many programs we offer:

Stated income

There are three main types of low-doc/no-doc mortgages:  Stated income, No Ratio and No Doc.  They all have the same purpose, to reduce the amount of verification of income and/or assets.  They are available for almost every borrower regardless of score. 

• These loans are based on credit rather than income.
• You may verify some of your information or none at all!

Stated-income mortgages tend to be for people who work but don't draw regular wages or salary from an employer. That includes self-employed people or those who make a living off commissions or tips. Many times these mortgages are priced very close to a “full-doc” mortgage. Employment and income are stated and only assets are verified.
No-ratio loans are very similar to a Stated-income mortgage with the exception that an income amount is not stated but rather not addressed at all.
No-doc or NINA (no income/no asset verification) mortgages do not require that anything is documented. Employment income and assets are not addressed on the application but rather left blank.

Conventional/Jumbo

Conventional Mortgages through Fannie Mae are currently available up to $359,650 for single family homes. Larger loan amounts are available to purchase 2-4 unit properties as well. There are many different programs for owner occupied, second homes, and investment properties.

FHA / VA

The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring nearly 33 million properties since its inception in 1934.

FHA mortgage insurance provides lenders with protection against losses as the result of homeowners defaulting on their mortgage loans. The lenders bear less risk because FHA will pay a claim to the lender in the event of a homeowner's default. Loans must meet certain requirements established by FHA to qualify for insurance. Piedmont Mortgage also has down payment assistance programs for FHA mortgages.

No Down payment

No Down payment includes many different mortgage options. There are many different programs that will allow you to purchase property with no down payment. These are available for borrowers with low credit scores on a primary residence. No down payment is also available for second homes and investment property as well. Some of the products include 80/20, Nehemiah, 100% as well as many others. Call to find out which one will work for you!

Interest Only

Most interest-only payment schedules are offered on Adjustable Rate Mortgages (ARM), but they can be found on a fixed rate mortgage (FRM) as well. They've also entered the mainstream, so that they're available to just about all borrowers and properties, including second homes, investment property, and stated income. Fannie Mae purchases from lenders an interesting version of a FRM featuring interest-only payments. Called "Interest first", it features back-to-back 15-year terms, with the first period comprised of interest-only payments and the second fully-amortizing. Expect to pay a little extra for this product: the rate for the Interest first product is slightly above the rate for a similar, but fully-amortizing, product.

Other Programs

• Down payment assistance
• Multifamily 5+ units
• Investment property financing 1-4 Units
• Low credit scores
• Rehab mortgages
• Non Warrantable condos
• Loan amounts up to $3,000,000
• Fannie Mae / Freddie Mac
• Home Equity Lines of Credit [HELOC]
• Commercial / Construction
• Reverse Mortgages

Many programs to choose from, call for a quote!

Stated Income

Conventional / Jumbo

FHA / VA

No Down Payment

Interest Only

Need a Form?

Click here to download hard-to-find government forms, affidavits and mortgage applications.