Types of Loans
Variety of Loan Programs
As a mortgage broker, Elite One Mortgage can offer a variety of loan programs from a large portfolio of lender partners to find the perfect loan for each borrower’s unique financial situation.
Listed are some of the programs offered: CalHFA Down Payment Assistance, $100 HUD REO loan, Stated Income loan, 95% LTV Jumbo loan, 80% 1st/15% 2nd program, 2-1 Buydown program, Interest Only loan, USDA loan, Non-Owner loan, Conventional Financing, Bank Statement program, 1 Day Out of Foreclosure/Short Sale/Bankruptcy, Commercial loan 5+ units, Reverse Mortgage,
Asset Depletion loan, Platinum program, FNMA Homestyle Renovation program, Standalone HELOC, FHA loan, Manufactured Home Financing, TIN program, Home Ready Loan & Home Possible loan, VA loan, 203K loan, Non-Warrantable Condo program, No Income Investor program, 1 Year Tax Return program, Hard Money loan, CHENOA program 100% Financing, and DACA loan.
Types of Loans
VA loans are available to active-duty service members, veterans, and eligible surviving spouses. They’re backed by the U.S. Department of Veterans Affairs and have no down payment or minimum credit score requirements. You won’t pay mortgage insurance — instead you’ll need to pay a one-time funding
fee at closing.
A conventional mortgage is a type of home loan that is not made or secured via a government entity. Conventional mortgages are instead available through private money lenders, such as credit unions, banks or private mortgage companies.
