Services - Aplus Mortgage CO

Home Purchase Loan

Our Services

Click here to apply for an online Home Purchase loan and Financing

We are here to make home lending seamless for FHA & VA Mortgage Loan Home Purchase Loan & Home Refinancing Loan.

720-499-5387

FHA Mortgage Loan Programs

FHA loans are great for buyers with lower down payments and are sometimes easier to qualify for than a conventional loan. Minimum length of self-employed borrowers.

100% loan-to-value financing!
540 to 800+ FICO’s
Down Payment Assistance covering up to 3.5%
Seller contributions up to 6% / Gift funds allowed
Self-Employed Borrowers – OK

VA Home Purchase Loan Programs

You served our country. Let us serve you with a VA Purchase loan. We can close your loan in as little as 15-20 days. Remember after your purchase, the VA can qualify you very simply in the future with an Interest Rate Reduction Loan (IRRL) when rates get lowered in the future for additional monthly savings.

100% loan-to-value financing!
550 – 800+ FICO’s
Self-Employed Borrowers – OK
VA Home Purchase limits for 1 – 4 Unit homes has increased for year 2023
Seller contributions up to 6% / Gift funds allowed

USDA Home Purchase Programs

USDA loans can help put the American Dream within reach. Purchase a rural home with no money down. The home to be purchased must be in an eligible rural area defined by USDA.

100% loan-to-value financing!
620 – 800+ FICOs and 640 – 800+ FICOs if Manufactured Home
Self-Employed Borrowers – OK
Potentially roll closing fees into your monthly payment
Property must be in an eligible rural area or an area that was eligible at the time of the original loan closing

Conventional Home Purchase Loan Programs

Do you know that conventional conforming loan limits have increased for 1–4-unit properties?

Up to 100% loan-to-value financing!
620 – 800+ FICO’s
Self-Employed Borrowers – OK
105% Combined Loan-to-Value (LTV) with Community Seconds+
85% LTV on non-owner occupied (NOO) purchases

Jumbo Home Loan Purchase Programs

Loan amounts up to $3 Million
Available for Primary, 2^nd Homes, and Investment properties
Gifts allowed
Debt-to-Income ratios up to 45%
Loan-to-Value up to 85%
Minimum FICO down to 660

Home Refinance Loan

Our Services

Click here to apply for an online Home Purchase loan and Financing

We are here to make home lending seamless for FHA & VA Mortgage Loan Home Purchase Loan & Home Refinancing Loan.

720-499-5387

Mortgages and the refinance of your home now

The construction market is collectively linked and operated on a small scale as well as on large scale done by banking services. Mortgages are secured credited loan that are used for residential development, purchase, and maintenance. Residential refinancing is a common approach that is facilitated by banking laws to homeowners and borrowers benefitting them for home equity. Many legal officials and contractors recommend clients attain the option of refinance your home now as proposed by A Plus Mortgage Co, Inc. (NMLS # 1664689), when they are about, to begin with, a home purchase or manufacture. This refinancing helps to lower the interest rate and shorten the loan terms manifested by the lenders.

Self-employed refinance mortgage

Usually, entrepreneurs, business owners, and employees look out for a mortgage to refinance consideration when moving toward residential documentation. Refinance your home now is quite easy when a person is an employee in comparison to the self-employed case, as more personal and professional information is legally required for loan credit. This is mainly due to the monetary advantage a self-employed has over its counter contract linked partner which made it more technically complicated to register for the refinancing services. Self-employed people are now allowed to apply for refinancing mortgage under the following conditions

At least 1 borrower must be self-employed
3, 12, and 24 months refinance statement programs for residential refinancing
The lender will observe the income monthly submitted by the borrower to reach a final rate for the refinance loan.
The offer of two-year business earnings and tax returns by the self-employed can also simplify the release of mortgage refinance
Profit and loss statements along with a balance sheet by the self-employed businesses

Residential refinancing opportunities

Residential constructions like houses and apartments are difficult to purchase and maintain. Therefore, residential refinance is a profound criterion that has been introduced by banking lenders for homeowners. Refinance your home now is the best investment approach that has proven its worth for people that carry their life on monthly payments. The interest rates, payment schedules, credited loans, financial terms, and legal agreements are devised following the mortgage opportunity available and availed by the housing clients. This sort of optional advantage enables the shifting of a fixed-rate mortgage loan on the homeowners to an affordable and adjustable one, significantly reducing the baggage of interest on clients. Refinance your home now will surely be beneficial for the client as it restarts a new loan from scratch replacing the previous one. In addition to it, refinancing the residential purchase or management also

Reduces the monthly payments to the lender
Nullify the applicable mortgage insurance loan
Appropriate debt-to-income proportion
30 years of the fixed loan with an LTV of 97%
Credit is lowered if appraisal documentation is done by homeowners

Pros and cons of home refinancing

Refinance your home now, offered by aplus mortgage is a wiser decision that can gain financial settlements on a higher scale. The pros of this immediate residential refinancing are to utilize the loan for purchase, construction, renovations, remodeling, rehabilitation, repair, replacement, appraisal, and maintenance. It further helps to

Offer funds for residential improvement and up-gradation
Negate the private mortgage loan bestowed over the client and his housing property
Shorter home equity cash
Paying-off loan can be speed-up
Eventually, it will lead to saving a substantial amount of money as saving

On the other hand, refinancing has its cons. The financial situation of a person can vary drastically throughout refinancing which can affect the annual savings to cut down to a minimum. The piling up of new credits can be sometimes difficult to repay to the lender, creating a new headache for the borrower.

DSCR Financing

The debt service coverage ratio is important to consider the financial condition of the borrower to repay the money loan and initiate with refinancing plan. In the case of DSCR, the borrower does not need to provide income, business, and self-employment information to the lender for attaining monetary benefits. This is an advantageous state for clients who is not applicable to bank statement loan. Refinance your home now through DSCR financing and loan services practiced by real estate owners and advisors. With DSCR, other factors like TRID, LTV, and PITIA must be kept in mind. Some of the obligations that are applied in DSCR are

Self-employment is not necessary
Lenders have no interest in the income, losses, and tax returns
No TRID is imposed on clients
No particular disclosures and business licenses are demanded
Appraisals can be documented on the need of homeowners
DSCR ratios must be set followed by the current market rents, mortgage monthly payments (PITIA), and adjusted cut-down repayment value
From first-time buyers to businessmen, all can carry out residential refinancing utilizing DSCR services

Self Employed Financing

Our Services

Click here to apply for an online Home Purchase loan and Financing

We are here to make home lending seamless for FHA & VA Mortgage Loan Home Purchase Loan & Home Refinancing Loan.

720-499-5387

Self Employed Financing

Are you Self-Employed and would like to purchase a home now?

Good news, we specialize in Self-Employed purchase programs. If you have been self-employed for at least 2 years and if you have 5% to 10% down payment, we have the solution and can close your loan in as little as 12 days. Take a quick look at the Self-Employed financing programs available now (at least 1 borrower must be self-employed):

580 to 800+ FICO’s
Down Payment Assistance covering up to 3.5%
Seller contributions up to 6% / Gift funds allowed
Bank Statements to prove income (tax returns NOT needed with this type income)

Bank statement loan programs

3, 12, or 24 Months Bank Statement Programs (12 months pricing is better than 3 months and 24 months has even better pricing than 12 months)
The lender is looking primarily at the total funds deposited monthly in order to arrive at the income they will use to qualify you for your purchase loan.
The best thing about our bank statement program is “NO TAX RETURNS OR CHECK STUBS REQUIRED”
This opportunity saves tons of time and money in most cases which takes time for those other lenders having to wait on the IRS to confirm tax information. Waiting for IRS these days can kill purchase loan opportunities.
Needless to say, we still can do a full doc (meaning prove all income in the traditional way) Self-Employed purchase loan which will provide a better rate, however, you will have to provide the most recent two-year business and personal tax returns and Profit & Loss statements along with other requirements.
Bottom Line Up Front if there’s a purchase loan that exists that fits your situation we find the bank and get you to the closing table as soon as possible.

Debt Service Purchase Financing (DSCR)

NO TAX RETURNS REQUIRED NOT EVEN REQUIRED TO SHOW EMPLOYMENT PERIOD!!

With good credit you can take advantage of this AWESOME program while it is still available.

Here are the highlights to sell on DSCR:

Remember, these type loans are considered business purpose loans, so these loans DO NOT follow traditional loan requirements like TRID
This program is the best Investment home program in the business….Conforming cannot touch this.
It’s all about the Market rent vs the new mortgage payment…That’s it…Very Limited Doc as there is
NO DTI
NO Income
NO Employment is needed.

We all know that Self Employed borrowers need to show proof of Self Employment for 2yrs on Full Doc or Bank Statement Loan, however, with DSCR, that’s not an issue, because there is NO Employment verification needed.
No Tax Returns or anything, so if the borrower owes to the IRS, we’d never know, nor do we want to know.
The borrower can have as many properties as he wants as this is a NO TRID.
There is NO LE, you as a broker Do NOT have to be licensed to do business in that state, and you can Order the Appraisal any time you wish.
You do not have to wait for Disclosures because there aren’t any.

Very simple math

Market Rents divided by the new PITIA = DSCR Ratio.
You want your DSCR ratio to be 1.0 or above for the best rate and LTV.
Example (Market rents come back at $2,100 and your new PITIA is $2,000……so, $2,100 divided by $2,000 = 1.05 ratio, so you’re totally good there.

Appraisal for bank statement

When you order the appraisal,

You need to get have attach the 1007 form, which is the market rents portion.
Appraiser should know this as it’s an investment property, but it’s always good to make sure.

Assets for PURCHASES

Here’s some really good info on using Assets for PURCHASES

When you need 70% or less, there is

NO ASSETS VERIFIED.
NO SEASONED FUNDS if funds to close are below $100,000.
Over 70% LTV, there is only 30 Days of Seasoning of funds not 60 DAYS like normal loan.

Note

Remember, the big sell here is Very Limited DOC and the borrower does not have to worry about offsetting their current rentals, etc. There is NO DTI and NO Employment needed.
Purchases are great, because all they need to qualify is the DSCR ratio and having the appropriate FICO score.
They can be a first time home buyer or first time investor as well.

Home Purchase Loan

Our Services

Click here to apply for an online Home Purchase loan and Financing

720-499-5387

FHA Mortgage Loan Programs

VA Home Purchase Loan Programs

USDA Home Purchase Programs

Conventional Home Purchase Loan Programs

Jumbo Home Loan Purchase Programs

Home Refinance Loan

Our Services

Click here to apply for an online Home Purchase loan and Financing

720-499-5387

Mortgages and the refinance of your home now

Self-employed refinance mortgage

Residential refinancing opportunities

Pros and cons of home refinancing

DSCR Financing

Self Employed Financing

Our Services

Click here to apply for an online Home Purchase loan and Financing

720-499-5387

Self Employed Financing

Are you Self-Employed and would like to purchase a home now?

Bank statement loan programs

Debt Service Purchase Financing (DSCR)

Very simple math

Appraisal for bank statement

Assets for PURCHASES

Note

A Plus Mortgage Co, Inc. (NMLS # 1664689)

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