Loan Programs
We are a residential/commercial lending brokerage that combines a complete knowledge of the financial markets and strong relationships with numerous lenders, to formulate the best financing options available for our clients.
Let Ascend Financial Network LLC take the worry out of the financing process. We have built a strong reputation as an outstanding mortgage-firm, serving the lending needs of real estate professionals, builders and individual home buyers throughout the state. We will provide you with the most honest and efficient mortgage-financing experience possible. Whether you’re looking to finance a new home purchase, refinance an existing property or buy investments for your portfolio, we promise the results you are looking for, with the communication you deserve!
Contact us to explore the best options for you.
Home Ready & Home Possible
- 3 % Minimum Down Payment
- Lender-Paid PMI & Borrower-Paid PMI Options Available
- 680-740 Credit Scores Usually Work Best
- 3% Concessions Allowed
- Income Limits Can Be Found & Verified Online(Links Below)
- Gift From Family Usable
- Max Loan Amount $484,350 (may vary)
- Lower PMI & Better Rates than Standard Conventional
HomeOne & Standard Conventional
- 3 % Down Payment Minimum (Must be New Home Buyer)
- Lender- Paid PMI & Borrower-Paid PMI Options available
- 680-740 Credit Score Usually Work Best
- 3% Concessions Allowed
- No Income Limit
- Gift From Family Usable
- Max Loan Amount $484,350 (may vary)
- Good For High Income Borrowers with Little Savings
Conventional Elite
- 10 %- 20% Down Payment for Best Rates
- NO PMI at 20% Down
- 740 + Credit Score Usually Work Best
- 3% Concessions Allowed
- No Income Limit
- Gift From Family Usable
- Max Loan Amount $484,350 (may vary)
- Excellent Rates & Fastest Closings
FHA
- 3.5% Minimum Down Payment
- Upfront (1.75%) & Monthly PMI (.45% -1.05%)
- 580-680 Credit Scores Usually Work Best
- 6% Concessions Allowed
- No Income Limits
- Gift From Family Usable
- Max Loan Amount: $314,827 (varies by county)
- Keeps Payment Lower & Qualifies Higher DTI Buyers
USDA Rural Development
- 0 % Minimum Down Payment
- Upfront (1%) & Monthly PMI (.35%)
- 580 + Minimum Credit Score
- 6% Concessions Allowed
- Income Limits Found & Verified Online (Total Household Income Used)
- Gift From Family Usable
- Max Loan Amount: $234,000 (varies by county)
- Property Must be USDA Approved
- Great Options For a Very Specific Buyer
VA
- 0 % Minimum Down Payment
- Upfront Funding Fee Varies (0%- 3.3%) & No Monthly PMI
- 620 + Credit Scores Usually Work Best
- Concessions Allowed, Amount Varies
- No Income Limits
- Gift From Family Usable
- Max Loan Amount $484,350 (varies by county)
- Higher DTI Acceptance than Conventional
- Excellent Rates Regardless of Credit
High Balance Nationwide
- 10 % Minimum Down Payment
- No Monthly PMI
- 680 + Credit Scores Required
- 3% Concessions Allowed
- No Income Limits
- Gift From Family Usable
- Perfect for Loan Amount $484,356-$726,525
- Stricter Debt-to-Income Guidelines (max 43%)
- Awesome Rates & Fast Closings
Jumbo/Bank Buster
- 10 % Minimum Down Payment
- No Monthly PMI
- 700 + Credit Scores Required
- 3% Concessions Allowed
- No Income Limits
- Gift From Family Usable
- Perfect for Loan Amount $726,525- $1.5M
- Stricter Debt-to-Income Guidelines (max 43%)
- Awesome Rates & Fast Closings
Doctor Loan
- 3 % Minimum Down Payment (720 Credit Score Required)
- No PMI with 20% Down Payment or BPMI Available
- 700 Minimum Credit Score (Minimum 5% Down Payment Required)
- 5/1 LIBOR ARM or 7/1 LIBOR ARM (30 Year Amortization)
- Max Loan Amount $850,000 (Restrictions Apply)
- 43% Maximum Debt-To-Income Ratio
- Student Loan Payments May Not Count Against DTI
- 8 Eligible License Types – Contact Us for a Full List
Notes:
DTI: Debt to Income (Monthly Liabilities)/Gross Monthly Income)
PMI: Private Mortgage Insurance is a type of insurance a borrower might be required to pay depending on program and closing loan to value.
New Home Buyer: Have not owned any home/property for at least three years.
VA Upfront Funding Fee: Varies by military type, down payment amount, and first time use versus subsequent use. Exempt if 10%+ Military Disabled.
Concessions: Cannot be used to cover down payment.
HomePossible Income Limit Lookup
HomeReady Income Limit Lookup
USDA Rural Development Income Limit Lookup
USDA Rural Development Loan Limit Lookup
