Greenway Mortgage Blog

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Jumbo Alternative

Oct 30

2:27

Category | Products

The home you've always dreamed of may be within reach. Did you know that Greenway Mortgage offers a Jumbo Alternative Program? We understand that when it comes to your dreams, one size does not fit all.

Our Jumbo Alternative Program provides several options that will help you achieve your financial goals. With that said, we are able to provide more products, more choices and more advantages for you!

If you are able to demonstrate the ability to repay and are looking for higher loan amounts with more flexible guidelines, Greenway’s Jumbo Alternative Program can provide the perfect lending solution.

This program allows for non-conforming scenarios to finance loan amounts beyond $4MM with LTVs up to 95%, DTIs up to 55% and FICO down to 660.* Take a closer look at some of the key features this program has to offer.

KEY FEATURES

- Loan amounts beyond $4MM

- Purchase, Rate and Term / Cash-out Refis

- Unlimited financed properties, 2nd homes allowed

- ARM, Fixed and Interest only programs available

THE FINE PRINT

- Based on loan characteristics, approvals may take longer than typical Greenway time frames

- Multiple appraisals may be required

- Risk profile may limit certain criteria

Eligibility requirements, exclusions and other terms and conditions apply.

For more information on Greenway's Jumbo Alternative Program contact us today.

Lite Doc Program - Buy your dream home without the hassle!

Jul 10

6:40

Category | Products

In case you didn’t notice, mortgage guidelines have been loosening recently. And while we are not likely to see a return of the NINJA loan, mortgages that require fewer documents are quietly making a comeback.

The Lite Doc Mortgage Program allows homebuyers to purchase their dream home without the hassle with a reduced documentation mortgage.

Our limited documentation program is designed for borrowers with good credit and assets verified by only one month’s bank statement. No tax returns, paystubs or W2s required. Income is established with a P&L for borrowers that are self-employed and through employment verification for those that are salaried or commissioned.

Some key features include:

Assets: 1-month bank statement showing 6 months reserves
Income
- Self-employed: 12-month P&L
- Wage earners: Employment verification
No tax returns, W2s or pay-stubs required
100% gift funds allowed for down payment, closing costs, reserves

Other features and guidelines:

Owner-occupied and Investment
Fixed and adjustable programs
FICO down to 680
Purchase, refi, cash out
1-4 units, 2nd homes, condos, co-ops
Salaried, commissioned, self-employed
Settled Bankruptcies allowed
Loan amounts to $3MM

Eligibility requirements, exclusions and other terms and conditions apply.

SPECIAL MORTGAGE LOAN FOR DOCTORS AND PHYSICIANS

Jun 21

5:02

Category | Products

When your job is dedicated to helping others, Greenway is here to make sure that homeownership is a reality!

It takes a team of medical professionals to keep a community healthy and we rely on these professionals to do just that (keeping our community’s healthy)!

But, Greenway Mortgage would like to help improve the financial health of our dedicated doctors with the White Coat Mortgage Program.

This loan program is specially tailored just for doctors! We admire the extraordinary dedication doctors give to their patients and want to recognize that.

THE WHITE COAT MORTGAGE PROGRAM HAS MANY BENEFITS!

The White Coat Mortgage Program has special benefits to help new and established doctors achieve their homeownership goals no matter where they are in in their career. Student loan debt, income and work history can be a challenge for doctors, but our program helps relax guidelines making mortgage credit more accessible.

PROGRAM DETAILS
• Lessens the impact of student loan debt on qualification
• Future earnings may be included in income
• Fixed and Adjustable Rates / Purchase and Refinance

IS A DOCTOR LOAN A GOOD IDEA?

Being fresh out of medical school does not mean you have to worry about student loans keeping you from attaining homeownership. You can close on your home before you start your new job without spending another 8 years sweating the details. And Greenway Mortgage is here to work around YOUR schedule and help you finance your place to call home.

Ready to get started? One of our Greenway mortgage Loan officers can help!