You Asked and We Listened:
Partner with Sceptre Mortgage and…
Offer your clients a “ONE STOP SOLUTION”
Get your clients into their dream home faster. Reduce unnecessary stress and Anxiety. Owner occupied or Investor, allow Sceptre Mortgage to walk you and your client through the process.
Down Payment Assistance
We use CalHFA, California Housing Finance Agency, and CHENOA Fund DPA. They offer a range of programs to help Californians achieve their dream of homeownership. Some of the most popular programs are Down Payment Assistance & a Down Payment Grants, and they are game-changers for many homebuyers. Max Debt-to-Income not to exceed 45%-50% for CalHFA depending on FICO. Max Debt-to-Income for CHENOA is set by AUS approval.
Manufactured Housing
We offer a wide variety of Manufactured housing products to meet your needs. Ask your Loan Officer today about programs and restrictions.
Bank Statement & 1099 Only Loans
For those of you who do not work a traditional 9 to 5, don’t worry, we have your covered as well. Purchase or Refinance a home using only 12 or 24 months Bank Statement to qualify. Minimum FICO is 640. Mxx LTV is 90%. Restrictions apply.
Conventional Loans
Purchase or refinance eligible. Fannie Mae and Freddie Mac approved programs. Minimum 3%-5% down depending on program and qualification. Primary and second home eligible. 620 FICO
FHA & VA Loans
Purchase or Refinance Eligible. As little as 3.5% down for FHA and Zero down for VA. 550/580 FICO
Jumbo Loans
Buy more home by securing a loan that goes past the conventional mortgage loan limits. Purchase or refinance properties up to $3,000,000. Max Debt-to-Income not to exceed 43%. LTV over 85%, DTI cannot exceed 40%. Max Loan amount is $3,000,000. Max LTV 96.5. Minimum FICO 700 .
Investment and Interest Only Loans
Purchase or refinance eligible. LTV up to 85% depending on FICO score and credit. Interest only options for 12 & 24 Mo, or 10YR options. Qualify with property rents and not your income 660 FICO
Reverse Mortgage
Purchase or Refinance eligible. Offers a variety of ways for seniors to lower their monthly expenses including options to put the reverse funds into a reusable line of credit that grows over time. Includes low upfront cost with easier income qualification parameters, with no required monthly mortgage payments. (Real estate taxes, homeowners insurance, and property maintenance are still required.) Ask your Loan Officer today for more information to see if this is the right option for you.
Renovation Loans
Finally you can add that “ADU”, Additional Dwelling Unit or swimming pool, or get your kitchen remodeled.
HomeStyle Renovation Loans
Purchase or Refinance Eligible. Minimum FICO of 620. There are no required improvements or restrictions on the types of renovations allowed, nor is there a minimum dollar amount for renovations. Ask Loan Officer for details and restrictions.
FHA 203K
Purchase or refinance eligible. Minimum FICO 620. Major remodeling or structural repairs/alterations such as but not limited to: 1-4 structure conversions, additions, finished attic, basements, changing footprint or requiring architectural plans; Any addition must be attached to the existing residential structure.
Commercial Loans
Purchase or Refinance Eligible. Multifamily, Light Industrial/Warehouse, Mixed-Use, Office, Retail, Self-Storage, Mobile Home Parks, Single Family Pools Purchase, Refinance, Cash Out Bridge Program & 1-4 unit Rental Program FICO starting at 600
Conventional High Balance
Why pay Mortgage insurance if you do not have to. Purchase or Refinance your home while Removing Mortgage Insurance on High Balance Loans. Minimum LTV is 80.01 – Max LTV 89.99. Minimum Loan Amount $647,201. Minimum FICO is 680.