%20Logo.png)
HOME LOAN PROGRAMS
What's the right home loan for you?
At Made Mortgage, we stand out from other mortgage lenders because we provide excellent customer service and offer a wide range of home financing options. Whether you're a first-time homebuyer or looking to tap into your home's equity through a refinance Made Mortgage is here to assist you in reaching your financial objectives. Explore the various home loan options available to choose the one that best suits your needs.
Our home loans
Whether you're looking to buy, refinance, or access your home's equity, here are our purchase and refinance options. If you have any questions, please feel free to reach out. We're here to guide you through the home loan and financing process with a smile.
TRADITIONAL MORTGAGE PRODUCTS
CONVENTIONAL
LOAN
A conventional loan is a regular home loan from a bank or mortgage company, without any special government help. You'll need decent credit and usually some money for a down payment. It's a common choice for buying or refinancing a house. Made Mortgage Fixed-Rate Mortgage: Imagine a smooth ride. With our fixed-rate mortgage, your interest rate and monthly payments remain constant throughout the loan. It's a reliable choice, offering stability for the long term. Made Mortgage Adjustable-Rate Mortgage (ARM): Think of this like a thrilling adventure. Our ARM starts with a lower interest rate that can change (up or down) after a set period. It's perfect if you plan to move or refinance before the rate adjustment.
VA LOAN
At Made Mortgage, we're proud to offer VA loans, an exclusive benefit for our veterans and active-duty service members. With a VA loan, you can achieve your dream of homeownership with: Zero Down Payment: No need to save up for a hefty down payment. Competitive Interest Rates: Enjoy rates that compete with conventional loans. No Private Mortgage Insurance (PMI): Say goodbye to extra insurance costs. Flexible Credit Requirements: We make it easier for you to qualify. Refinancing Options: Access cash or reduce your monthly payments through VA loan refinancing. Our team is here to guide you through the VA loan process, ensuring you take full advantage of this fantastic opportunity. It's our way of saying thank you for your service.
USDA LOAN
At Made Mortgage, we're excited to introduce you to the USDA loan, a fantastic option for those seeking homeownership in rural and suburban areas. Here's why our USDA loan is the right choice for you: No Down Payment Required: Get on the path to homeownership without the burden of a down payment. Low Fixed Interest Rates: Enjoy stability with competitive interest rates. Affordable Mortgage Insurance: Your mortgage insurance costs are lower than traditional loans. Flexible Credit Requirements: We work with you to make qualifying as straightforward as possible. No Geographic Restrictions: Find your dream home in eligible rural and suburban areas. Our team is here to guide you through the USDA loan process, making sure you seize this incredible opportunity. With Made Mortgage, homeownership in your ideal location is within reach.
TEMPORARY RATE BUYDOWN PROGRAM
We're thrilled to present our exclusive Temporary Rate Buydown Program, a tailored solution to make homeownership more accessible and affordable. With this program, you can enjoy the following advantages: Lower Initial Rates: Experience lower interest rates at the start of your mortgage, reducing your monthly payments. Gradual Increase: Your rates will gradually adjust over time, allowing you to ease into your new financial commitment. Financial Flexibility: This program provides the financial flexibility you need during the initial years of homeownership. Customizable Terms: We'll work with you to create a plan that suits your unique financial goals. Our team is here to walk you through the Temporary Rate Buydown Program, ensuring you find the perfect solution for your homeownership journey. Get started with Made Mortgage, where your financial well-being is our top priority.
LOW DOWNPAYMENT/FIRST TIME HOME BUYER PRODUCTS
FHA LOAN
At Made Mortgage, we're excited to introduce you to the FHA loan, a superb choice for those seeking a path to homeownership with more flexible terms. Here's why our FHA loan is the perfect fit for you: Low Down Payment: Begin your homeownership journey with a modest down payment. Flexible Credit Requirements: We're here to help you qualify, even if your credit history isn't perfect. Competitive Interest Rates: Enjoy attractive rates that make homeownership more affordable. Government Backing: Benefit from the backing of the Federal Housing Administration, providing added security for both lenders and borrowers. Streamlined Refinancing: Refinance your existing FHA loan with ease to lower your monthly payments or access your home's equity. Our team is here to guide you through the FHA loan process, ensuring you seize this incredible opportunity. With Made Mortgage, homeownership is within reach, regardless of your financial situation.
CONVENTIONAL 97
We're thrilled to introduce you to our Conventional 97 loan, the key to unlocking your dream of homeownership with minimal obstacles. Here's why our Conventional 97 loan is the perfect choice for you: Low Down Payment: Get started with just a 3% down payment, making it easier to purchase your dream home. Competitive Interest Rates: Enjoy competitive rates that keep your monthly payments affordable. Flexible Eligibility: We work with you to ensure you meet the qualifying criteria, providing more opportunities for homeownership. No Income Limits: There are no income restrictions, giving you greater financial freedom. Private Mortgage Insurance (PMI): Say hello to lower PMI costs compared to FHA loans. Our team is here to guide you through the Conventional 97 loan process, ensuring you take full advantage of this incredible opportunity. With Made Mortgage, homeownership is closer than you think.
HOME READY & HOME POSSIBLE
At Made Mortgage, we're excited to introduce you to our Home Ready and Home Possible loans, two remarkable options designed to make homeownership achievable for more individuals. Here's why these loans from Made Mortgage are the perfect fit for you: Low Down Payment: Start your homeownership journey with a down payment as low as 3%, making it more accessible for everyone. Flexible Qualification: We work with you to ensure you meet the criteria, providing greater opportunities for homeownership. Competitive Interest Rates: Enjoy competitive rates that keep your monthly payments affordable. No Geographic Restrictions: These loans aren't limited to specific locations, giving you more choices for your dream home. Our team is here to guide you through the Home Ready and Home Possible loan process, making sure you make the most of this incredible opportunity. With Made Mortgage, homeownership is closer than you think, and we're here to help you every step of the way.
DOWN payment assistance program (CALFHA)
Our downpayment Assistance Program, specifically CALFHA, designed to empower you with a clear path to homeownership. Here's why our CALFHA program is the ideal choice for you: Zero to Low Down Payment: With CALFHA, you can buy a home with little to no down payment, making it accessible for more aspiring homeowners. Financial Relief: Our program provides the financial boost you need to overcome the initial hurdle of a substantial down payment. Flexible Eligibility: We work closely with you to ensure you meet the criteria, expanding opportunities for homeownership. Competitive Interest Rates: Enjoy attractive rates that make your monthly payments budget-friendly. Diverse Property Options: CALFHA covers a wide range of property types, opening doors to various homeownership possibilities. Our dedicated team is here to guide you through the CALFHA program, ensuring you seize this incredible opportunity. With Made Mortgage, your homeownership dreams are well within reach, thanks to our DOWN Payment Assistance Program. User Please rephrase the intorduction at made mortgage since it has been used numerous times ChatGPT Introducing the Made Mortgage Advantage: At Made Mortgage, we're excited to offer a wide range of home financing options tailored to your needs. Our mission is to help you achieve your dream of homeownership with ease. Here's why Made Mortgage is the perfect partner for your journey: Tailored Solutions: We provide personalized mortgage solutions to fit your unique financial goals. Competitive Rates: Enjoy competitive interest rates that make your monthly payments affordable. Flexible Qualifications: We work closely with you to ensure you meet the criteria, expanding opportunities for homeownership. Financial Expertise: Our team is here to guide you through the mortgage process, ensuring you make the most of every opportunity. Your Path to Homeownership: With Made Mortgage, owning your dream home is within reach, and we're here to make it a reality. Let Made Mortgage be your partner on the path to homeownership. Your future starts here.
EQUITY FOCUS PRODUCTS
HELOC
(HOME EQUITY LINE OF CREDIT)
A HELOC is like a special loan for homeowners. It lets you borrow money using the value of your home. You can use this money for things like home improvements or paying off debts. It's flexible, like a credit card, and you only pay interest on the amount you borrow. It's a useful way to access your home's value for your financial needs. Unlock Your Home's Equity: Convert your home's equity into cash for various financial needs, from home improvements to debt consolidation. Flexibility and Control: Access the funds you need when you need them, with the flexibility to draw, repay, and redraw as your needs evolve. Competitive Interest Rates: Enjoy attractive rates that keep your borrowing costs in check. Tax Deductibility: In many cases, the interest paid on your HELOC may be tax-deductible, providing potential financial benefits. Expert Guidance: Our team is here to guide you through the HELOC process, ensuring you make the most of this valuable financial resource. With Made Mortgage's California HELOC loan, you can harness your home's equity to achieve your financial goals. It's a smart and flexible way to turn your homeownership into a valuable financial asset.
REVERSE MORTGAGES
A reverse mortgage is like getting paid for owning your home. If you're 62 or older and own your home, you can turn some of its value into cash without having to move or make monthly payments. It's a way to use your home's value to cover expenses in your retirement years. Here's why our Reverse Mortgage is the ideal choice for you: Unlock Your Home's Equity: Convert your home's equity into cash to support your retirement, cover medical expenses, or fulfill your dreams. No Monthly Mortgage Payments: Enjoy financial freedom without the burden of monthly mortgage payments. Flexible Access to Funds: Access the funds when you need them, and choose from various payout options. Secure and Government-Insured: Rest assured with a safe and government-insured program, providing peace of mind. Expert Guidance: Our dedicated team is here to guide you through the Reverse Mortgage process, ensuring you make the most of this valuable financial resource. With Made Mortgage's Reverse Mortgage, you can enjoy your retirement years with financial confidence and make the most of your home's equity. It's your key to a more comfortable and fulfilling retirement.
BUY BEFORE YOU SELL
The Buy Before You Sell program empowers homebuyers to acquire a new home before selling their current one. Through this program, buyers gain access to up to 75% of their home equity to allocate towards closing costs for the new home. Key Highlights: The program exclusively supports conventional loans. The eligibility of Jumbo and High Balance loans is contingent on investor approval. The property being vacated must be owner-occupied, and the incoming property must also be owner-occupied. Properties with a second mortgage or HELOC can now be included, provided they will be paid off during closing. Following the closing on the incoming property, clients have a 90-day window to sell the departing residence at its full market value. Beyond the 90-day period, the investor will purchase the property based on the proposed property value, which amounts to 75% of its market value.
CASH OFFER PROGRAMS
The Cash Offer program, which currently is temporarily unavailable, offers homeowners the opportunity to obtain an all-cash offer for their home from pre-approved buyers.
INVESTOR FOCUS/NON-QM PRODUCTS
Community mortgage program
The Community Mortgage Program is a unique loan program that stands out for not mandating income documentation. In this program, Debt-To-Income is not factored into eligibility, and creditworthiness is primarily determined by Loan-To-Value, FICO score, and liquidity. Key Highlights: The maximum Loan-To-Value ratio is set at 80%. A minimum FICO score of 640 is required. Reserve requirements range from 12 to 24 months of reserves. This program is available for Primary Residences and Second Homes.
DSCR
(debt service coverate ratio) MORTGAGE
DSCR, or Debt-Service Coverage Ratio, is a financial measure that helps real estate investors see if the rental income from a property can pay its bills and loans. It's like a money-check tool for investors to make sure their properties are making more money than they cost. It's super useful for investors to know if their property is a good investment. Here's why our DSCR Loan is the ideal choice for you: Investor-Friendly: The DSCR Loan is tailored for investors, offering flexibility and support for your real estate ventures. Rental Income Emphasis: With DSCR, the focus is on the property's rental income rather than your personal income, making it easier to qualify. Multiple Property Financing: You can finance multiple properties under this program, expanding your investment portfolio. Streamlined Process: Our dedicated team is here to guide you through the DSCR Loan process, ensuring a smooth and efficient experience. With Made Mortgage's DSCR Loan, you gain a valuable tool to support your real estate investments and grow your portfolio. It's the smart choice for investors seeking flexibility and growth in the real estate market.
bank statement loan
This program is tailored for self-employed clients seeking a more accessible path to homeownership, leveraging alternative qualification methods. Instead of relying on tax returns, we utilize bank statements, whether personal or business, to validate the income of self-employed borrowers. Key Highlights: Eligible for Primary Residences, Second Homes, and Investment Properties. The maximum Loan-To-Value ratio is set at 80%. Documentation requirements include 12 months of personal and/or business bank statements.
ITIN
(individual taxpayer identification number) LOan
ITIN loans are a special type of loan designed for individuals residing and working within the United States who don't have Social Security Numbers (SSN) or U.S. citizenship. Here are the key details: Eligible for Primary Residences, Second Homes, and Investment Properties. No SSN or U.S. citizenship required. Minimum FICO score of 660. You can qualify with either standard income documentation or alternative documentation, backed by 24 months of bank statements.
Contact
Like what you see? Get in touch to learn more.