WHICH LOAN IS RIGHT FOR YOU?
There are many loan programs available today, but how do you know which type of financing is your best fit?
That’s where ACB Mortgage Solutions comes in!
Being matched with the mortgage that makes the most sense for your situation involves careful consideration of your needs, finances, and history. We are here to guide you, and while there is no substitute for a conversation with one of our expert loan advisors, below is a summary of the products we offer.
RESIDENTIAL LOANS (Purchases)
We offer programs designed for all types of homebuyers including a variety of First Time Homebuyer Loans, Conventional Loans, Jumbo Loans that comes with more flexibility and higher loan amounts, renovation loans that allows for the purchase and restoration of a “fixer upper,” as well as government-backed loans, including FHA, VA, and USDA loans. We also offer Fixed and Adjustable Rate Mortgages and have flexible loan term options.
RESIDENTIAL LOANS (Refinances)
We offer programs to refinance your current mortgage for all types of homeowners, including Streamline Refinances, Rate and Term Refinances, and Cash Out Refinances, through a variety of Conventional and government-backed loan programs. A refinance can potentially reduce your monthly payments with a lower interest rate, eliminate mortgage insurance, switch from an adjustable rate to a fixed rate mortgage, shorten the term of your existing loan so you can build equity faster, take money out of your home to pay down high-interest debts, make home improvements and renovations, or to have cash for other family needs. We also offer Fixed and Adjustable Rate Mortgage Refinances and have flexible loan term options.
INVESTOR LOANS
For our business investor clients, in addition to our traditional lenders and Conventional and FHA programs available for Investment Properties, we also specialize in Non-QM and Commercial loans, including programs for Asset, Bank Statement, or Investor Cash Flow Qualifiers that meet our client’s diverse needs. We offer financing solutions for Owner and Non-Owner Occupied Properties, Rental Properties, Fix & Flip, New Constructions, Non-Warrantable Condos, and Investor Lines of Credit. Options also available for Investors seeking large rental projects of over 5 units.
Residential
- Loan amounts up to the conforming loan limits
- Fixed or adjustable rates
- Down payment as low as 3% for primary home
- Primary, second, and investment property options
- 3.5% minimum down payment required for home purchase
- May qualify 2 years post-bankruptcy and 3 years after prior foreclosure
- Loan amounts up to the County loan limits
- Competitive interest rates that are routinely lower than conventional loans
- Down payment as low as 0%
- Higher allowable debt-to-income ratio than other loan types
- Sellers can pay up to 6% of closing costs and other concessions
- VA Renovation loans
- Eligible for properties designated as rural by the U.S. Department of Agriculture.
- 0% down-payment mortgage.
- Lower rates than Conventional.
- Private Mortgage Insurance is not required.
- Loan amounts up to $5,000,000
- Fixed or adjustable rates
- Primary, second, and investment property options
- The Doctor Loan is designated specifically for medical professionals like you, who view medical school as an investment in a lifelong career.
- Eligible borrowers include: Clinical Nurse Specialist (CNS), Doctor of Dental Medicine or Surgeon (DMD), Doctor of Dental Surgery (DDS), Doctor of Medicine (MD), Doctor of Ophthalmology (MD), Doctor of Optometry (OD), Doctor of Osteopathic Medicine (DO), Doctor of Pharmacy (PharmD), Doctor of Podiatric Medicine (DPM), Doctor of Veterinary Medicine (DVM), Medical resident with educational license, Nurse Anesthetist (CRNA), Nurse Practitioner (NP), Physician Assistant (PA), and Registered Nurse (RN).
- Low down payment financing with discounted fees for creditworthy low- and moderate-income borrowers
- 3% down payment
- Reduced Mortgage Insurance coverage levels
- Borrowers with no owner-ship interest in a residential property in the last three years is considered a first-time homebuyer
- A displaced homemaker or a single parent whose ownership interest in the last three years was a joint ownership in the marital residence is also considered a first-time homebuyer
- Available to qualified first-time homebuyers
- 3% down payment
- For primary, single-family residences only
- Various programs available to assist with either down payment or closing costs of properties.
- Up to 5% payment assistance of purchase price.
- Both Conventional and FHA options available.
- Able to accept individuals with Cannabis Income in states where legally permitted (medical or recreational usage).
- Program has options for W2, 1099, or 12-Month Bank Statement verification of income.
- Maximum Loan to Value 90%.
- No Mortgage Insurance necessary.
- Loan Amounts up to $3M.
- Eligible properties include Primary Residence, 2nd Homes, and Investment Properties.
- For individuals who may not be able to qualify for a traditional mortgage loan because they do not have a Social Security Number.
- 20% down payment.
- Owner Occupied residences only.
- Can be applied to purchase a manufactured home, a lot for a home already owned or to be purchased, or to buy a manufactured home and lot in combination
- Conventional, FHA, and VA financing options available on manufactured homes.
- Manufactured homes can be built faster and typically offer cost savings compared to traditional homes.
- Land must be owned and not leased land.
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- Tap into your home's equity and use the cash to pay down expenses, consolidate debt, or start home renovations.
- Keep your same low interest rate on your current mortgage.
- Borrow up to 90% of your home's value.
- Access funds immediately in a lump sum.
- Get a fixed interest rate and predictable monthly payments.
- Home Equity Line of Credit
- Credit lines available up to $500,000
- Available on Primary, Second, Warrantable Condos, and Investment Properties
- Homeowners who also have student loans are eligible.
- Loan Level Pricing Adjustment waiver with Cash Out Refinance.
- Student Loan Consolidation options available
- Loans taken out by homeowners who are seeking repairs, improvements, or expansions
Allows for homeowners to finance small projects, such as kitchen and bathroom remodels up to $25,000 - Options available for larger renovations and improvements, like home extensions or a new roof up to 75% of the “as completed” appraised value of the home
- Program allows for pool installations
- Also referred to as a 203(k) or rehab loans
- Allows for the purchase of a “fixer-upper”
- Buyers can finance the cost of the home plus the home improvement costs in one mortgage
- For eligible homeowners aged 62 and older
- Allows homeowners to use the equity in their home and convert it into payments received, instead of the borrower making payments to the lender
- The money received is usually is tax-free and doesn’t have to be paid back for as long as the owner lives in the home
Investor
- Loans for a property you plan to rent or sell but not reside in
- 15% to 25% down payment required, depending on the property type
- Higher credit score minimums are required than for government-backed loan programs
- 3 ½% down payment options available with FHA for owner occupied Primary Residence Investment Properties
- Loans for real estate investors to purchase and improve a property to then sell for a profit
- The real estate serves as collateral, and in case of a default, the lender could take ownership of the collateral
- Short-term interest only loans that are typically 12 to 18 months, and there is no penalty for repaying the loan early
- Known as "Debt-Service Coverage Ratio" loans.
- Allows a lender to utilize non-traditional income and cash flow to determine whether a company has enough income to pay its debts.
- DSCR provides opportunities for individuals and companies with non-traditional income to purchase a home or investment property.
- Loans to buy a non-warrantable condo, which are harder to obtain financing for as they are not backed by Fannie Mae and Freddie Mac
- Lenders do not sell this loan to third parties and instead hold on to their books
- Since lenders take on all the risk, they have more stringent underwriting criteria and may carry higher interest rates than conventional loans
- Spec-Builder Loan provides builders and investors the financing they need for ground-up construction and lot acquisition.
- Eligible properties include Single Family Residences and 2-4 unit Multi-Family properties.
- Experience required, 2+ investment properties in the last 3 years.
- For high-volume builders and/or larger projects, Production Builder approval can be requested prior to submitting property loan requests.
- Ideal for investors who need to temporarily hold real estate assets.
- Property loans from $50k to $3MM.
- 12 or 18 month property loan terms.
- Minimum 620 FICO.
- Multiple Property Rental Loan is designed to help rental investors unlock equity and get cash out of their existing rental investments or to purchase a portfolio of properties.
- Consolidate multiple rental property mortgages into a single loan and continue to grow your portfolio.
- Access up to 80% loan to value of your entire rental portfolio to enable you to continue to expand and grow.
- Begin looking at your rental properties as an investment portfolio instead of individual units.
- Designed for real estate investors who engage in both fix and flip and fix and hold
- Allows investors to have open credit lines to make repairs or improvements for current and future projects
- No income verification
Business Financing Solutions
- Helping businesses with an expansion, gaps in cash flow, opening of a new location, purchasing equipment, and more!
- Loans up to $5MM.
- Terms ranging from 3 months to 10 years.
- Funding as fast as 24 hours.
- Automatic daily or weekly payments.
- Partially guaranteed by the government, and designed to provide businesses with working capital that might otherwise be unavailable to them.
- Loans ranging from $500 to $5.5MM.
- Terms up to 30 years.
- Funding in as little as 45 days.
- Automatic monthly payments.
- A Flexible financing option that allows quick access to a defined amount of working capital.
- The full amount does not need to be drawn at one time, your business can conveniently draw on as much or as little working capital as it needs, up to the approved amount.
- Funds started at $5K to $5MM.
- Terms up to 10 years.
- Funding in 1 to 3 business days.
- Weekly payments.
- Gain working capital for your business that is secured by collateral such as inventory, accounts receivable, equipment, or other property owned by the borrower.
- Funds starting at $10K and up to $10MM.
- Terms ranging from 6 months to 10 years.
- Funding in as soon as 1 to 3 business days.
- Fixed daily, weekly, or monthly payments.
- Granting businesses fast access to working capital based on future credit card or other receivables so they can meet their business needs.
- Advance up to $5MM.
- Terms ranging from 6 months to 10 years.
- Funding as fast as 24 hours.
- Flexible payments based on receivables.
- A type of financing where a business sells its invoices at a discounted price for immediate access to working capital.
- Turn pending invoices into immediate funds.
- Advance starting at $20k up to $10MM.
- Terms ranging up to 18 months.
- A short-term loan that helps bridge the gap between a business's current need for financing while they wait for a more long-term solution to be secured.
- Ideal for businesses who need to leverage funding to buy real estate, expand operations, or manage cash flow, among other reasons.
- Loan amount starting at $5001 up to $1MM.
- Terms up to 60 months.
- A type of funding companies utilize to purchase business-related equipment.
- Instead of using your working capital to purchase the qualifying equiment, loan allows you to finance the full equipment cost and repay the interest and principal over fixed terms. Once the payback is complete, you will own the piece of equipment outright.
- Obtaining these assets can be through equipment leasing or equipment financing which doesn't require businesses to pay out of pocket large amounts of cash ultimately freeing up working capital within the business.
- Loans from $10k to $5MM.
- Terms ranging from 1 to 5 years.
- Funding as fast as 2 to 5 business days.
- Existing franchise owners with at least 2+ years experience can leverage their existing franchise to expand (additional location, additional franchise, existing franchise repairs or renovations).
- Loans from $10k to $5MM.
- Terms ranging from 6 months to 20 years.
- Funding as fast as 2 to 7 business days.
- Existing Cannabis Industry businesses with at least 2+ years experience and $1MM annual revenues can leverage their existing business to expand (additional location, additional product expansion, repairs, renovations, and modernizations).
- Able to accept Cannabis businesses in states where legally permitted (medical or recreational usage).
- Loans from $10K to $5MM.
- Terms ranging from 6 months to 10 years.
- Funding as fast as 2 to 7 business days.
- Financing options available for business, regardless of how long you've been in business, your revenue, or your credit score.
- Getting the capital you need to fund your business can be essential for most startups.
- Assistance with inventory, equipment, and other challenges that require an unexpected cost.
- Options may be limited if you've been in business for less than 6 months or have less than $15K in monthly gross revenue, but a dedicated Business Financing Advisor will be assigned at no-cost to discuss those options and how to get your startup business loan or other potential business financing options.
- Loans from $10K to $5MM.
- Terms ranging from 6 months to 10 years.
- Funding as fast as 1 to 3 business days.