Reverse Mortgage Loans and Home Equity Solutions
Tap into home equity with no monthly mortgage payments.
Make Home Equity Work for You
If you’re like many Americans, your house is your greatest asset. You’ve spent years working to build the equity in your home. Now, it’s time to put that equity to work for you. Learn about the tools available to help you tap into this important resource and create a sound financial plan that will help you retire more than just “good”. It’ll help you retire better. To learn more and understand your options, chat with an Utmost Pro, Inc professional today.
Who Is a Reverse Mortgage Good For?
Reverse mortgage loans have helped more than one million Americans nationwide access their home equity to find greater security in retirement. The loan can be used in a number of ways, many of which are helping older adults achieve their financial goals and have a much better retirement.
Reverse Mortgage Loans. Please contact us with any questions.
3% Down Payment Mortgage
The 3%-down conventional mortgage
We are offering purchase mortgages with as little as 3% down or refinance at 97% LTV.
The standard 3%-down loan, known as the “Conventional 97,” is now available.
Ready to buy a home with 3% down? We have conventional loan options that are usually faster than FHA.
There are no income restrictions, and pre-purchase homebuyer education is not a requirement. Great alternative to FHA with No MI.
New 3% Down Payment Mortgages Available. Please contact us with any questions.
STATED INCOME MORTGAGE LOANS
Alternative Ways to Qualify using Rents (cash flow)
Stated Income Loans–are loans that do not require traditional verification of income. A stated income loan is perfect for self-employed and business owners who declared low income on their tax return. Our stated income loan agents are experienced in the loan industry and known for quick loan approvals.
- Non-Owner Occupied only
- Available on SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos
- NoTax Return, No 4506T, No W2, No Paycheck Stubs
- 5yr/7yr ARM & 30-year Fixed
- 575 or greater credit scores
Available in California and the states below:
|Washington DC||Kansas||New Hampshire||Washington|
Experts in Stated Income & Self-Employed
Utmost Pro has the expertise to get your loan funded, even if you are having trouble obtaining financing through conventional means.
Foreign National Mortgage Loans
Utmost Pro offers highly competitive Foreign National Mortgage Loans.We custom build mortgages to meet the unique needs of nonresident aliens in search of real estate financing. We offer a variety of mortgage options, and our experienced underwriting and production teams provide expert guidance throughout the loan process, including the acquisition of the necessary documentation.
Foreign National Mortgage Loans-Program Highlights:
- No US credit required.
- Foreign tax returns OK.
- Foreign No US credit required.
- Foreign tax returns OK.
- Foreign assets allowed.
- Loan amounts up to $15 million and loan-to-values up to 65%.
- Interest-only loans available.
- Irrevocable, blind trust, Limited Partnership, Corporate and LLC vesting all welcome.
- Minimum loan amount is $500,000.
- You do not need to have a Social Security number, Green Card, or visa to qualify for a portfolio loan.
- No FICO score is required. We will accept foreign credit reports to demonstrate creditworthiness or satisfactory alternate credit from your country of origin.
A Common Sense Approach to Underwriting: We Want to Say Yes!
What is a “Hard Money” loan?
Traditional real estate loans like a personal mortgage are based on the borrower’s personal ability to repay the loan. This is measured by things like personal earnings, debt to income ratio, and credit score. These are all intangible or “soft” assets. Hard money loans, on the other hand, are based on a “hard” asset or the value of the property, so we don’t ask for documentation of income or any of that messy stuff.
Lowest Rates- Fastest Approval Times- Minimal Paperwork
Whether you’re buying an investment property, self employed, struggle with income documentation, getting divorced or have been denied by other lenders, we can work with you to obtain financing.
DENIED MORTGAGE LOAN ?
What to Do When Your Lender Says No
The majority of homeowners turn to banks when it comes time to get a mortgage. They are the most obvious choice, mainly because home loan services are usually offered at the customer’s primary banking institution.
According to the Mortgage Bankers Association, about 30 percent of the people who apply for a mortgage get turned down.
Does this mean you’re out of luck?
Happily, the answer is also a resounding “no.” Just because one application is denied doesn’t mean the next one will be.
The Power of Yes! Give Denied Mortgage Loans a Second Look.
However, borrowers who have trouble qualifying or need to finance tricky deals will often get turned away at banks. So for these people, using a mortgage broker is often the next best option.
Utmost Pro, Inc is the mortgage broker and will Give Denied Mortgage Loans a Second Look.
– We do all the legwork for you, working on your behalf with the lender
– We compare wholesale mortgage rates from a large number of banks and lenders all at once
– Wholesale interest rates can be lower than retail (bank branch) interest rates
– You get more loan options because we work with numerous banks and lenders
– We can finance tricky deals because of our knowledge and various lending partners
Bank Statement Mortgage Loan
Are You Self-Employed?
If you’re looking to buy a home, we have good news. Utmost Pro, Inc. offers a Bank Statement Loan Program for self-employed borrowers as well as those whose employment histories and tax returns may not reflect their viability for a mortgage.
Add all deposits for all 24 months and divide that amount by 24 .
Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.