Mortgage Lending Options
Get Prequalified for a Home Mortgage Loan
Great Mortgage Programs Available Through Reliance First Capital
There are lots of mortgage programs available for home shoppers to take advantage of in order to get the home of their dreams:
- Conventional Programs: Credit scores around 680 can qualify and as little as 3% down payment required. Mortgage insurance options available to eliminate need for 20% down payment. Self-employed borrowers allowed, using just 1 year of tax returns for income verification if in the same industry/field for 5 consecutive years. Condition of home restrictions are lesser with these programs.
- FHA Program: Credit scores stating at 620 and as little as 3.5% down payment required. Higher debt-to-income ratios are allowed helping more people qualify. Borrowers can qualify if 2 years out of bankruptcy and 3 years out of foreclosure.
- VA Program: Credit scores starting at 540 and no down payment options available. Program features reduced closing costs and flexible debt-to-income ratios allowing for more applicants to qualify vs other types of mortgage programs.
No mortgage insurance required. - USDA Program: Credit scores starting at 560 and no down payment required. Specially-designed program for rural properties and low-to-medium income applicants in
qualifying areas. - Reliance Advantage Program (RAP): Great for self-employed borrowers. Credit scores starting at 620. No 1040s or paystubs required as bank statements and other documents used to qualify.
- Investor Advantage Program: Credit scores starting at 620 and no income documents required to qualify. Projected lease can be used to offset income requirements allowing for more applicants to qualify and build their portfolio of properties. Single family homes as well as multi-unit buildings allowed
(2-4 units). First time investors allowed.
Get pre-approved today using any of our great programs!