Your Path to Homeownership with Choice Stretched Prime Loan Program

Finding the right mortgage can be a challenge, especially if traditional loans don't fit your unique financial situation. Our Choice Stretched Prime Loan Program is designed to offer a solution that bridges the gap, providing flexible and accommodating options for those who need a little more leeway.

What Problems Does This Program Solve?

Traditional mortgage programs often have rigid requirements that can exclude borrowers with past credit challenges or non-standard income documentation. The Choice Stretched Prime Loan Program addresses these issues by offering flexibility in credit scores, debt-to-income ratios, and income verification methods. This makes it easier for more people to qualify for a mortgage and achieve their homeownership dreams.

Detailed Program Introduction

The Choice Stretched Prime Loan Program is crafted for borrowers who need expanded credit options beyond conventional loans. Whether you're a first-time homebuyer, looking to refinance, or an investor, this program provides the necessary flexibility with its versatile qualification criteria.

Key Features of the Choice Stretched Prime Loan

1. Flexible Income Documentation:

• Full Doc: 2 years + YTD

• Express Doc: 1 year + YTD

• 12/24 Month P&L

• 12-24 Month Bank Statements

• Asset Utilization

This variety in documentation options ensures that even those with non-traditional income sources can qualify.

2. Credit and DTI Requirements:

• Minimum Credit Score: 660

• Debt-to-Income Ratio: Up to 50%, depending on Loan-to-Value (LTV) ratio

These lenient requirements allow individuals with some past credit issues to still qualify for a mortgage.

3. Loan Amounts:

• Minimum: $75,000

• Maximum: $3,000,000

Catering to a wide range of financial needs, from modest homes to high-value properties.

4. Property Types:

• Owner Occupied

• Second Home

• Investment Properties

This flexibility accommodates various types of property ownership and investment strategies.

5. Interest-Only Option:

• 10-Year Interest-Only Period: Manage your cash flow efficiently with lower initial payments.

6. Cash-Out Refinance:

• Access up to $500,000 in cash out, perfect for home improvements, debt consolidation, or other financial needs.

Who is Eligible?

The Choice Stretched Prime Loan Program is accessible to a diverse group of borrowers:

• U.S. Citizens

• Permanent Resident Aliens

• Non-Permanent Resident Aliens (specific visas required)

• First-Time Homebuyers

• Non-Occupant Co-Borrowers

Why Choose the Choice Stretched Prime Loan?

This program is designed with flexibility at its core, making it an excellent option for those who need more accommodating loan terms. Here’s why it stands out:

• Versatility: Whether you’re purchasing your first home, refinancing, or investing in property, the program adapts to your needs.

• High Loan Amounts: Ranging from $75,000 up to $3,000,000, it covers a broad spectrum of housing needs.

• Interest-Only Options: Offers a period of lower monthly payments, giving you more financial breathing room.

• Cash-Out Opportunities: Provides significant cash-out options, which can be used for various financial goals.

Ready to Take the Next Step?

If you’re ready to explore how the Choice Stretched Prime Loan Program can help you achieve your homeownership goals, we’re here to assist. Contact us today to learn more and start your journey toward a more flexible and accommodating mortgage solution.

Contact Information:

• Phone: 602-628-1231

• Email: info@allapprovedhere.com

Don’t let past credit challenges hold you back. Discover the flexibility of the Choice Stretched Prime Loan Program and take the first step towards your new home today!