Unlock Elite Financing: Discover Elite Prime Connect

Navigating the mortgage landscape can be daunting, especially if you need options beyond conventional and prime jumbo programs. For those seeking near-prime solutions with competitive terms and flexible qualifications, Elite Prime Connect is the answer. Let’s delve into what makes this product stand out and how it can be the perfect fit for your unique financing needs.

Key Features of Elite Prime Connect

1. Loan Amount Flexibility

• Minimum Loan Amount: $125,000

• Maximum Loan Amount: Up to $3,000,000

Whether you're financing a cozy home or a luxurious estate, Elite Prime Connect provides the flexibility to support a wide range of loan amounts, catering to various property types and borrower needs.

2. Diverse Occupancy Options

• Owner Occupied

• Second Home

• Investment Properties

This program accommodates different occupancy scenarios, making it an ideal choice whether you're purchasing a primary residence, a vacation home, or an investment property.

3. Credit and Income Flexibility

• Minimum Credit Score: 680

• Income Documentation Options: Full Doc, Express Doc (1 year + YTD), 12-24 Month Bank Statements, Asset Utilization

Elite Prime Connect offers flexible credit and income documentation requirements, ensuring that more borrowers can qualify. With options like bank statements and asset utilization, it’s easier to meet the necessary criteria without the strict demands of traditional documentation.

4. High Loan-to-Value Ratios

• Maximum LTV: Up to 85% for purchase and rate/term refinance

• Maximum LTV for Cash Out: 75%

These generous LTV ratios allow for higher borrowing amounts relative to the property value, making it easier to access significant funds whether you're buying a new property or refinancing an existing one.

5. Competitive Terms and Products

• Fixed and Adjustable Rates: 30 Year Fixed, 40 Year Fixed, and various ARM options (5/6, 7/6, 10/6)

• Interest Only Options: Available with a 10-year interest-only period

Elite Prime Connect provides a variety of term options to match your financial strategy, including fixed rates for stability and ARMs for potentially lower initial payments. The interest-only option can be particularly beneficial for those looking to minimize monthly payments in the early years of the loan.

6. Accommodating Reserve Requirements

• Reserves: 6 to 12 months depending on loan amount and property type

Adequate reserves are crucial for loan approval, and Elite Prime Connect offers reasonable reserve requirements that align with different borrowing scenarios, ensuring you have the necessary financial cushion.

7. Property Types

• Eligible Properties: Single-family residences, condos, PUDs, 2-4 unit properties, modular homes

Whether you're eyeing a single-family home, a condo, or a multi-unit investment, Elite Prime Connect supports a range of property types, giving you the flexibility to choose the best property for your needs.

Why Choose Elite Prime Connect?

Elite Prime Connect is designed for borrowers who need a bit more flexibility than traditional loans offer. With competitive terms, high loan amounts, and accommodating credit and income documentation options, it bridges the gap between standard prime loans and non-traditional financing solutions.

Get Started Today!

Ready to explore your financing options with Elite Prime Connect? Our team of experienced professionals is here to guide you through the process and help you unlock the perfect mortgage solution for your needs. Contact us today at 602-628-1231 or info@allapprovedhere.com to learn more and take the first step towards your homeownership goals.