Hot Programs
Hot Programs
We at WGB Loans offer a myriad of loan programs to help you tackle every obstacle in life. We realize the value of dreams, and our programs offer you loans that will bring you closer to them.
I specialize in finding the best rates, terms. and pricing options tailored to your unique financial situation. With a deep understanding of qualifying limits and lending requirements,, I make sure you get access to the financing that aligns perfectly with your goals. Let me simplify the loan process and negotiate on your behalf, so you can focus on what really matters-making your dream property a reality,
Pick Your Term with a Flex Loan
WGB Loans offer a unique program that allows you to pick any term from 8 to 29 years on fixed rate Purchase and Refinance loans.. This program is perfect for people who are looking for a flexible loan duration and are keen to pick an interest rate that remains constant throughout the loan’s life.
Interest Rate Buydowns
The interest rate buy down is a financing option that allows borrowers to reduce their mortgage interest rate. either temporarily or for the life of the loan, by paying upfront fees called “points.” Each point typically costs 1% of the loan amount and can lower the rate by around 0.25%.The benefit is lower monthly payments, which can make homeownership more affordable, especially in the early years of the mortgage. Buydowns are especially helpful for borrowers looking to reduce initial costs, and they can be a smart choice when rates are high.
Qualifying Limits and Requirements
Debt to Income Ratio’s include Principal, Interest, Taxes and Insurance, and all revolving and Installment debt. Expertise in finding how to reduce liabilities, raise credit scores, and offering programs with DTI’s up to 50%. helps you meet loan requirements and terms.
Lender promotions and offerings.
Lenders often offer incentives to borrowers to choose their loan programs. These promotions are usually temporary and are on individual loan programs. These programs help match mortgage loan products to personal financial situations and homeownership goals.
Individually tailoring you financial situation to your best choices.
Knowing how borrowers can secure the best possible interest rates and terms, improving credit scores, finding ways in making larger down payments, using asset depletion and/or gift funds, or selecting traditional or non traditional loan products with favorable conditions, gets you a loan tailored to your individual situation and goals.
Low Down Payment & Low FICO Options
FHA loans are available with as little little as 3.5% down and FICO scores as low as 580. USDA and VA loans offer zero down payment options for eligible borrowers, making them ideal for rural home purchases and veterans. Need a larger loan? Conventional high balance loans with just 5% down and jumbo loan options with only 10.01% down!
Requirements For Mortgage Insurance
If you have a down payment below 20%, you’ll have to pay the Private Mortgage Insurance (PMI). This will cost you between 0.5% and 1% of your loan amount annually. It will spread over 12 payments. Mortgage Insurance lasts for the life of the loan on FHA products. Most Private mortgage insurance drop when you are at 80% LTV, Some lender promotions offer loan programs with 10% down payment and no PMI. Most of these are promotional loan products are on high balance and low some jumbo loans.
Appraisal and Escrow waivers and no reserves on jumbo products.
Some loan products offer appraisal and escrow waivers. Some promotional jumbo products require no reserves. These promotional programs allow borrowers to save thousands of dollars in fees and costs.