Wholesale Lending

Program Highlights

  • FHA Guidelines

    FHA Guidelines

    FHA, FHA High Balance

    • Underwritten to DU and LP Findings and HUD 4000.1 for case numbers issued after Sept. 14, 2015
    • Conforming and HB limits (per max county loan limits)
    • 1 FICO score OK
    • Score 500-579 – max 90% LTV
    • Score 580+ – maximum LTV allowed
    • No trade-line requirements
    • Transferred appraisals OK
    • Max Age of documents = 120 days (measured from disbursement date)

    Non Credit Qualifying FHA STREAMLINE

    • No Appraisal
    • Ignore foreclosures and mortgage rates on other properties owned
    • Non Owner Occupied (NOO) OK
    • Condos acceptable

  • VA Guidelines

    VA Guidelines

    VA High Balance

    • Underwritten to DU/LP findings and VA Handbook
    • 1 FICO score OK
    • Up to 90% LTV – Purchase, Rate and Term and Cash out
    • No trade-line requirements
    • Ignore mortgage late payments, foreclosures, BKs and short-sale of non-borrowing spouse
    • Transferred appraisals OK
    • VODs only OK
    • Max Age of documents = 120 days(measured from Note date. *180 days on new construction)

    VA IRRRL

    • No Appraisal or AVM
    • Ignore foreclosures and mortgage late payments on other properties owned
    • Non Owner Occupied (NOO) OK
    • Manufactured Homes OK (Doublewide)

  • USDA Programs

    USDA Programs

    USDA

    • Min. FICO 580
    • Purchase: 100% LTV of appraised value *LTV may exceed 100% in some cases
    • R/T: 100% LTV (only to pay off existing USDA lien)

  • Conventional Loan Programs

    Conventional Loan Programs

    Conventional Program

    • FNMA/DU – No strict aggregator overlays
    • Minimum FICO score: 620
    • LP or DU Approved/Eligible Required Accept/Eligible required
    • SFR, 2 – 4 units, Condo/PUD
    • Purchase, Rate & Term, Cash-Out
    • Max. LTV per FNMA Eligibility Matrix

    Conventional High Balance

    • DU Approve/Eligible Required
    • MI restrictions apply to LTV’s > 80%
    • Max. LTV per FNMA Eligibility Matrix

  • Freddie Mac Super Conforming

    Freddie Mac Super Conforming

    Freddie Mac Super Conforming

    • LP Accept Findings
    • 15, 20, 25, & 30 year Fixed Rate Mortgages; 5/1, 7/1, 10/1 ARM
    • Non-Occupant Co-Borrowers allowed
    • Min. 620 FICO score
    • Primary, Secondary, Investment Properties
    • 1-4 units, Leasehold Estates, Modular Pre-Cut, PUD, Condos
    • 45% Max. DTI

  • Texas 50(a)(6)

    Texas 50(a)(6)

    • DU or LP findings allowed
    • 10, 15, 20, 25, and 30 year Fixed Rate Mortgages
    • Minimum 620 FICO score
    • Texas Section 50(a)(6) FIRST Mortgage Loans acceptable
    • 1 Unit SFR – attached and detached (including eligible condos, PUDs, and off-frame modular homes)

Direct Advantage Loan Program Highlights

Mortgage Solutions Financial is a dynamic seller-servicer that sells directly to Fannie, Freddie, Ginnie, AND Farmer Mac! At Mortgage Solutions Financial, we understand that the products you offer are often the lifeblood of your production, and every time your originators say “NO” you lose the opportunity for future business.

Our diverse platform offers programs that allow you to say “YES” and strengthen your originator relationships, attracts new originators to YOUR dynamic product offering, and helps you build production.