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Loan Options

At Lenderful we want you to be in control when getting an online mortgage, so it’s important for our borrowers to understand the mortgage options available to them.

3% Down HomeReady

HomeReady is a low down payment mortgage for creditworthy, low to moderate-income borrowers. HomeReady allows a down payment of just 3% on a home and permits the “income pooling” for all of the members of a household. Both first-time or repeat home buyers are eligible.

  • Low down payment; as little as 3% down for home purchases
  • Flexible sources of funds with no minimum contribution from borrower’s own funds
  • Non-occupant borrowers permitted
  • Cancellable mortgage insurance (restrictions apply)
  • Reduced MI coverage requirement for loan-to-value ratios above 90% (up to 97%)

Conventional High Balance

Get a conventional high-balance loan — even if you are outside of the counties eligible under Fannie Mae and Freddie Mac — instead of having to get into a Jumbo loan. Details include:

  • Min 680 FICO
  • Max 80% LTV/43% DTI
  • Loan amounts from $453,101–$679,650
  • Eligible for primary and second homes
  • Lower rates, easier guidelines and fewer docs then Jumbo

*Conforming in all material respects except for loan amount in certain markets.

Jumbo 90% LTV

Jumbo 90% LTV with no M.I. gives you the option of making a lower down payment or the ability to increase your buying power.

  • 30-year fixed
  • 720+ FICO
  • Up to 90% LTV
  • No mortgage insurance
  • Primary homes
  • 43% maximum DTI

It’s all about you

At Lenderful we want you to be in control when getting an online mortgage. It’s important for our borrowers to understand the mortgage options available to them.