LOAN PROGRAMS

Not all loan programs are created equal. That’s why, at Golden Coast Finance, we offer a wide range of options to set each of our borrowers up for success. Not sure which loan is the best fit for you? Get in touch with our experts and get help identifying your perfect pairing.

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CONVENTIONAL LOANS

  • Applicable to a greater range of property types
  • Allow for greater freedom when structuring your loan
  • Afford the possibility of canceling PMI insurance before the end of the loan duration
  • Not subject to program-based fees that regularly come with federally-supported loans
  • Require a minimum credit score of 620
  • Require a minimum downpayment of 3% to 5%
  • Average turnaround is 22 days
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FHA LOANS

  • Allow for lower FICO scores than other programs
  • Require a downpayment of at least 3.5%
  • Minimum credit score of 580 (lower credit scores are considered with higher downpayments)
  • Not permitted for secondary homes or investment properties
  • Packaged with higher-than-average interest rates
  • Average turnaround is 26 days
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VA LOANS

  • Offer competitive interest rates
  • No downpayment or mortgage insurance required
  • No prepayment penalties
  • Can be used to purchase, construct, renovate, or refinance
  • Qualifying standards are established by the U.S. Department of Veteran Affairs (VA)
  • Exclusive to veterans, service members, and their surviving spouses
  • Average turnaround is 24 days
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JUMBO LOANS

  • Offer a means of funding loans in excess of FHFA limits
  • Require a minimum credit score of 700 and low DTI ratio
  • Interest rates as low as Conventional Mortgage rates
  • Require downpayment of at least 10% to 15%
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INVESTOR CASH-FLOW LOANS

  • Consider investment equity as a qualifier (not personal finances)
  • “Interest only” options
  • Finance a limitless number of investment properties
  • Require minimum 680 credit score, minimum 15% downpayment, and eligible property
  • At least 6 months of real estate investment preferred
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HELOC LOANS

  • Allow borrowers to take cash out of home equity by establishing a new (often secondary) mortgage
  • Require a minimum 620 credit score, a debt-to-income (DTI) ratio of 40% or below, and a home equity minimum of 15%
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OUR PRIVATE HARD-MONEY PROGRAMS

  • Approval contingent on collateral
  • Require a 10% to 25% minimum downpayment
  • Average turnaround is 6 days
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OUR 0% DOWN PROGRAM

  • No downpayment required
  • Closings in as few as 20 days
  • Minimum credit score of 620
  • Borrower must be at or below 80% of the Area Median Income (AMI) for the relevant property address
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OUR BUY-BEFORE-YOU-SELL PROGRAM

  • Buy your new home now, sell your old home later
  • Fewer contingencies than a traditional transaction
  • Close escrow sooner
  • Receive a guaranteed offer on your old home
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