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Home Loan Gateway offers potential home financing options for borrowers who may not qualify for traditional mortgage financing.
At Prosperity Home Mortgage, LLC, we understand that life happens.
While the goal of homeownership may not seem possible due to past financial issues, Home Loan Gateway options are designed to help meet the needs of borrowers who are buying or refinancing a property, but may not qualify for other loan programs.
Our family of Home Loan Gateway options offers disciplined credit solutions to qualified borrowers who can demonstrate their ability to repay. If you have the ability to repay a mortgage but don’t qualify for traditional mortgage financing, we are here to help!
Learn more about each option:
Premier Access — Home financing with more flexible credit terms, a down payment as low as 10% on Jumbo loans, up to $750,000 for cash-out refinances, and loan amounts up to $3 million.
Homeowner’s Access — Home financing with more flexibility for derogatory credit events*, higher debt-to-income (DTI) ratios, gift funds acceptable, and loan amounts up to $1.5 million.
Fresh Start — Allows derogatory credit events* to have been completed just prior to application. Allows higher DTI ratios, gift funds acceptable, and loan amounts up to $1 million.
*A derogatory credit event is defined as a short-sale, deed-in-lieu, mortgage loan charge-off, foreclosure or Chapter 7 or Chapter 13 bankruptcy.
The Home Loan Gateway loan options listed above may not be the best product for all borrowers. Consult your mortgage consultant to discuss your financing options.