Why Choose Arc Home for Correspondent Lending?

 

Conventional

 

  •  Fixed Rates, 5/1 & 7/1 LIBOR ARMS
  •  Single Family, 1-4 Units, PUDs, Condos
  •  Primary Residence, Second Homes and Investment Properties
  •  97% Max LTV, 1 Unit Purchase Transaction
  •  High Balance Fixed Rate, 5/1 and 7/1 LIBOR ARMS (DU Approved Eligible)
  •  Super Conforming Fixed Rate, 5/1 and 7/1 LIBOR ARMS (LPA Accept)

HomeReady®

 

  •  97% Max LTV
  •  Income limits 80% of AMI
  •  Standard and High Balance loan amounts permitted
  •  Fixed Rate, 5/1 & 7/1 LIBOR ARMS
  •  1-4 Units, PUDs and Warrantable Condos
  •  105% Max CLTV with eligible Community Second

Home Possible®

 

  •  97% Max LTV
  •  Income limits 80% of AMI
  •  Standard and Super Conforming loan amounts permitted
  •  Fixed Rate, 5/1 & 7/1 LIBOR ARMs
  •  1-4 Units, PUDs and Warrantable Condos
  •  105% Max CLTV with Affordable Second

 

 

 

FHA

 

  •  1-4 Units, PUDs and HUD approved condos
  •  Standard and High Balance loan amounts permitted
  •  600 minimum FICO 
    (Temporarily 660 minimum FICO)
  •  Streamline Refinance available with FICO

VA

 

  •  1-4 Units, Modular Homes, PUDs and VA approved condos
  •  Standard and High Balance loan amounts permitted
  •  600 minimum FICO 
    (Temporarily 660 minimum FICO)
  •  $1.00MM max loan amount
  •  IRRRLs available with FICO

Jumbo Prime

 (Temporarily Suspended)

  •  15 and 30 year fixed fully amortizing
  •  5/1, 7/1 & 10/1 LIBOR ARMs fully amortizing
  •  5/1, 7/1 & 10/1 LIBOR ARMs interest only option
  •  Primary Residence, Second Homes and Investment Properties
  •  90% Max LTV with no Mortgage Insurance
  •  $2.00MM max loan amount
  •  First time home buyer allowed