Reverse Mortgage Loans

Reverse Mortgage Loans and Home Equity Solutions

Tap into home equity with no monthly mortgage payments.

Reverse Mortgage Loans

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.

Eliminate Monthly Mortgage

Without the burden of a monthly mortgage payment, you can free up cash to cover other important expenses

Access Cash

The proceeds are tax-free** and can be used in various ways, like paying health care costs or financing home renovations.

Stay in Your Home

With a reverse mortgage loan, you can afford to stay in the home you love and age in place.

Access Up to $4 Million

Withdraw significantly more equity and take all available proceeds in one lump sum

Reverse Mortgage Loans. Please contact us with any questions.

3 down payment mortgage

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.

Down Payment Assistance Program

Down Payment Assistance Program

CalHFA Conventional Loan Program is a CalHFA conventionally insured first mortgage loan featuring a fully amortizing fixed interest rate with a maximum 30-year term.

This program requires a minimum 3% down payment

No Income Limit for Family Size

The California first time homebuyer assistance agency (CalHFA) will no longer base qualifying income limit on family size.

CalHFA Buyer Assistance Loans

CalHFA offers Conventional and FHA first mortgages.  When you qualify for a CalHFA first mortgage, you are automatically eligible the down payment and closing cost assistance that accompanies it.

The exceptions are the Extra Credit Teacher Program (ECTP) and the Mortgage Credit Certificate (MCC), which have additional qualifying criteria.

CalHFA Conventional First Mortgage

  • CalHFA Conventional Loan Program – 30 year fixed rate first mortgage loan insured with discounted private mortgage insurance using Fannie Mae underwriting guidelines.
  • CalPLUS Conventional Loan Program – CalHFA Conventional first mortgage with a slighter higher interest rate than the standard conventional loan.  This option is combined with the CalHFA Zero Interest Program (ZIP), which can be used to pay closing costs only.

CalHFA FHA First Mortgage

  • CalHFA FHA Loan Program – 30 year fixed rate FHA insured first mortgage loan.
  • CalPLUS FHA Loan Program – CalHFA FHA first mortgage with a slighter higher interest rate than the standard conventional loan.  This option is combined with the CalHFA Zero Interest Program (ZIP), which can be used to pay closing costs only.
  • Cal-EEM + Grant – Energy Efficient Mortgage program.  4% Grant can be used for energy efficient upgrades and may exceed FHA loan limits.

CalHFA Down Payment Assistance Programs

  • MyHome Assistance Program – Deferred payment, silent second loan up to the lesser of three and a half percent (3.5%) of the purchase price or appraised value.  MyHome Assistance can be used for down payment or closing cost assistance, and can be used with any CalHFA first mortgage program, including CalPLUS with ZIP.  Must be first time home buyer.
  • (ECTP) Extra Credit Teacher Home Purchase Program – Available to teachers, administrators, school district employees and staff members working for any California K-12 public school, which includes Charter schools and county/continuation schools.  Offers between $7,500 to $15,000 in down payment assistance for first time home buyers.

STATED INCOME MORTGAGE LOAN

MORTGAGE LOANS

NoTax Return, No 4506T, No W2, No Paycheck Stubs

Stated Income Loansare 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. 

Alternative Ways to Qualify

 Whether you’re self-employed, struggle with income documentation, or have been denied by other lenders, we can work with you to obtain financing.
Non QM Mortgage Loans
stated income mortgage loan

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.

  • No Tax Returns
  • No Paycheck Stubs
  • No P&L Required
  • Primary Residence OK
  • No Reserve Required
  • 1 Month Bank Statement
  • 12 Month Bank Statement
  • No Income Verification -Non Owner Occupied

* CPA Letter (CPA Letter To Confirm Self Employment) and Business  License Required.

Foreign National Mortgage Loans

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!

 

Hard Money Mortgage Loan

Hard Money


We Close Loans that Banks Don't

No Paystubs, No Tax Returns

“Make Sense Funding” with minimal to NO documentation 

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

Larger Loan Amount

Do you need a larger loan amount? No problem! We offer loan amounts from $100 thousand to $15 million.

Instant Approval

Don’t wait long to find out if you were approved or not. Your loan can be approved in as little as 24 hours.

Fast Closing

Don’t wait weeks or months for approval. Utmost Pro,Inc can have your loan closed in as little as 12 days

Bad Credit/No Credit-OK

Poor Credit, Bankruptcy, Foreclosure, Foreign Nationals.

Programs

Fix and Flip, Bridge Loans, Stated Income/ NO Doc Loans, Residential/ Commercial Loans, No cash-out restrictions

Experts in Hard Money Loans & Self-Employed Loans

Whether you're buying an investment property, self employed, struggle with income documentation, or have been denied by other lenders, we can work with you to obtain financing.

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

DENIED MORTGAGE LOAN ?

What to Do When Your Lender Says No

DENIED MORTGAGE LOAN

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

FHA LOANS

FHA Loans - Low Rates. Fixed and Adjustable Options Available

Purchase or Refinance

Get your FREE Pre-Approval Letter and FREE Credit Report Today!

  • Down payment as low as 3.5% with an FHA Loan

  • Credit Score Starting at 580

  • Close in as little as 30 Days

  • Seller May Contribute up to 6% towards 

Bank Statement Mortgage Loan

Bank Statement Mortgage Loan

Stated Income Mortgage
  • No tax returns required
  • 12 month bank statements
  • 24 month bank statements
  • Loans up to $2 million
  • Credit scores down to 620
  • Up to 90% LTV
  • DTI up to 50% considered
  • Owner-occupied, 2nd homes, and investment properties

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.