Foundation Mortgage Loan Products & Programs

Foundation Mortgage Conventional Loan Programs

Fixed Rate Mortgages
10, 15, 20, 25, and 30 Year Fixed Terms

Adjustable Rate Mortgages
3, 5, 7 and 10 Year Initial Fixed Rate Terms

Single Financed Mortgage Insurance and Lender Paid Mortgage Insurance
Upfront & Lender Paid Mortgage insurance options for borrowers wishing to avoid monthly Mortgage Insurance premiums. Available up to 97% LTV.

Fannie Mae High Balance
Expanded Loan Limits for high cost counties from $417,001 -  $625,000 loan amounts.

Freddie Mac Super Conforming
Expanded Loan Limits for high cost counties from $417,001 -  $625,000 loan amounts.

Fannie Mae Multiple Financed Properties Program
Specifically designed 2nd Home and Investment Transactions for borrowers with 7-10 Financed Properties.

Fannie Mae Home Ready
Up To 97% Financing for Conventional Loan Amounts

The Home Ready product is offered by Fannie Mae to help meet the diverse needs of today’s buyers. It is designed for creditworthy, low to moderate income borrowers, with expanded eligibility in designated low-income, minority, and disaster-impacted communities.

Freddie Mac Home Possible
Up To 97% Financing for Conventional Loan Amounts

Home Possible is Freddie Mac’s community lending program offering additional flexibility and options to meet a variety of borrowers’ home financing needs.

Fannie Mae Homestyle Renovation
The Fannie Mae Homestyle Renovation program allows borrowers to combine the purchase or refinance of a home with the costs to renovate or extensively remodel the property. At closing all funds for renovation will be escrowed in an interest earning account.

After all renovation work is complete, any remaining funds in the renovation escrow account will be used to pay down the principal balance of the mortgage. Soft costs such as architectural services, engineering and permit fees may be financed. Full builder third-party contracts only.

Fannie Mae DU Refi Plus
HARP Government refinance program for upside-down properties for Fannie Mae loans originated prior to June 1, 2009.

Freddie Mac Refi Relief
HARP Government refinance program for upside-down properties for Freddie Mac loans originated prior to June 1, 2009.

Foundation Mortgage FHA Loan Programs

FHA Fixed Rate Mortgages
10, 15, 20, 25, and 30 Year Fixed Terms

FHA Adjustable Rate Mortgages
3 and 5 Year Initial Fixed Rate Terms

FHA Streamline Refinance

• FHA to FHA Refinance

• No Cash-Out  

• Reduced documentation requirements  

• No Appraisal

FHA Cash-Out Refinance
Up to 85% LTV - can be FHA to FHA or Non-FHA to FHA loan refinance

Foundation Mortgage VA Loan Programs

VA Fixed Rate Mortgages
10, 15, 20, 25, and 30 Year Fixed Terms

VA Adjustable Rate Mortgages
3 and 5 Year Initial Fixed Rate Terms

VA Streamline Refinance (VA IRRRL)

• VA to VA Refinance  

• No Cash-Out

• Reduced documentation requirements

• No Appraisal

Foundation Mortgage USDA Loan Programs

USDA Fixed Rate Mortgages
30 Year Fixed Only

USDA Streamline Refinance (VA IRRRL)

• USDA to USDA Loan Refinance

• No Cash-Out

• Reduced Documentation

• No Appraisal

Foundation Mortgage Jumbo Loan Programs

• Loan Amounts Up To 40MM.

• 75% LTV Interest Only Up To 2.5MM.

• 95% LTV Up To $850,000

• Cross Collateralization

• 90%+ LTV Doctor and Professional Programs

• Alternative Income Qualification

• Access to Wealth Management and Private Banking Channels

• Adverse Credit – Short Sale, Foreclosure, Bankruptcy

• Corporate Title Ok

Foundation Mortgage Condo Loan Programs

• True Limited Review Condo Approvals

  • 75% LTV/90% CLTV for Florida Properties

• Full Review Condo Approvals Up To 95% LTV

• Non-Warrantable Condo Approvals

Foundation Mortgage Foreign National Loan Programs

• Loan Amounts Up To 40MM

• No Tax Returns

• Accountant Letter from Country of Origin for Income Qualification

• Venezuelan and Russian Nationals OK

• Limited Review Condo Project Approvals for Primary Resident

Foundation Mortgage Adverse Credit Loan Programs

• Sub 550 Credit Scores

• 1 Day Out Of Short Sale, Foreclosure, Bankruptcy

• Reduced Income Qualification on Investment Properties

Foundation Mortgage Reverse Mortgage Loan Programs

• Reverse Mortgage Purchase Transactions

• Traditional Reverse Mortgage Refinances

Hard Money Loans