Programs
Loan Niches & Specialty Programs
A sampling of the specialty and niche programs we can place — from low-FICO FHA and bank-statement income to non-owner HELOCs, fix-and-flip, and foreign national loans.
Every borrower’s situation is different. Below is a sampling of the specialty and niche programs State Capital Mortgage can place. If you don’t see your scenario here, it doesn’t mean we can’t help — send it over and a loan representative will review the options that may fit.
- FHA Financing – as low as 580 FICO score – No FICO scores okay.
- HELOAN’s NON-OWNER – as low as 640 FICO up to 70% LTV
- HELOC’s – as low as 640 FICO up to 70% LTV
- Down Payment Assistance Programs available
- Construction Loans
- VOE only, 1099 only, or P&L only – programs available.
- Net Rent income Program documenting income with gross rents (No tax returns required)
- FIX and FLIP
- Can Finance Large Multiple Unit Properties 5+ Units, 675 minimum FICO
- Unlimited Gift Funds ok. Gift is not required to be seasoned or sourced.
- Currently in Forbearance okay. (Do not have to bring forbearance current prior to doc)
- Can close loans in an entity. LLC, etc
- 12 or 24 month bank statement programs for self-employed borrowers. Business or Personal
- A borrower that is both self-employed and wage earner may use bank statements for income, as well as the wage earner income
- Consumer lates are ok!
- Late mortgage payments in the last 12 months are ok!!
- Mortgage loans for foreign nationals
- Interest only programs
- ITIN Borrower’s ok, DACA ok
- Rural properties
- Can finance someone who owns many properties
- Condotels ok
- Use the FICO of the borrower who shows the most income on the 1003
Program availability, FICO thresholds, and guidelines shown here are examples drawn from our legacy materials and are subject to change. All loans are subject to credit approval, underwriting conditions, program guidelines, and investor requirements. Not all applicants will qualify.