Family members may pay all of the borrower’s required down payment, closing costs, prepaid expenses and discount points
Seller can pay up to 6% in concessions towards the buyer’s closing costs, pre-paid and discount points.
Automated underwriting: capability to reach higher ratios with compensating factors
Non-occupant co-borrower can help borrower to qualify
Low rates and low monthly mortgage insurance
Fixed-rate and adjustable-rate mortgages available
No reserves required on 1-2 units and 3 month reserves required on 3-4 units
Refinance:
Cash out refinance up to 95% on 1-2 units and 85% on 3-4 units
No reserves required
Automated underwriting: capability to reach higher ratios with compensating factors
Low rates and low monthly mortgage insurance
Streamlined refinance and assumable loans
Contact our helpful loan consultants today to find out more what these new Conforming and FHA programs can do for you to improve your financial situation. These great programs are not going to be around forever so take advantage of them while they last.
Allstate Bancorp, Inc is an approved FHA Lender. Allstate Bancorp, Inc. is not a part of, associated with HUD/FHA or the Federal Government. All Programs are subject to change/restrictions without further notice. All Loans are subject to underwriting approval
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Allstate Bancorp, Inc.
9601 Wilshire Blvd. M100
Beverly Hills, CA 90210
800-942-5394
