Niche Loan Products
What if Regular Loan Programs do not meet your needs?
Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you home. Complex income, large scale investments,…
Niche Loan Products
What are Niche Products?
Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you home. Complex income, large scale investments, challenged credit, and limited documentation are all scenarios that we see daily. As your NQM (Non-Qualified Mortgage) Expert, FDM has the solution that your unique situation may require. Put our years of experience to work for you today!
Down Payment Assistance Options
- Federal Home Loan Bank of Atlanta (FHLB)
- Up to $15,000 for down payment/ closing costs
- Virginia Housing
- Up to 4.5% for down payment/ closing costs
- Mortgage Credit Certificates (MCC)
- SPARC Program (up to 1% interest rate reductions)
- FDM FHA 100
- Up to 3.5% for down payment
- Maryland Mortgage Program (MMP)
- Up to 4.5% for down payment
- Student loan consolidation as part of purchase
- FDM Welcome Home Credit
- Up to 2% in closing cost assistance
Non Qualified Mortgage Solutions (NON-QM)
- 12 & 24 month bank statement Program
- Up to 90% LTV
- Income qualification based on average deposits
- Profit & Loss bank statement Program
- Up to 90% LTV
- Income qualification based on P&L
- Debt Service Coverage Ratio (DSCR) Program
- Up to 80% LTV
- Income qualification based on cash flow of subject property (Non-owner only)
- Standard ITIN Program
- Up to 85% LTV
- Full or alt doc options available
- FDM LINK PROGRAM
- 96.5% LTV for non-Agency borrowers
- ITIN, self-employed <2 years, significant credit events, limited credit profile
Commercial Lending Solutions
- Fix-N-Flip Line of Credit
- Exposure from $500K to $5M
- Qualification based on FICO, assets, and investor experience
- Allows for quick project completions in rapid succession
- Traditional Commercial Lending Solutions
- Warehouse, retail, professional office condos, suites, apartment buildings
- Up to 75% LTV
Specialty Products
- RENOfi
- After purchase close HELOC Option
- Up to 125% LTV
- To be used for renovations and property
- Construction Loans
- Both construction-to-perm (C/P) and one-time-close (OTC)
- LTV up to 90%
- Doctor Program
- 95% LTV
- Up to $2M
- No PMI
- Vacant Land Loans (buildable)
- Up to 70% LTV
- Student Loan Refinance
Information provided on loan products is for informational and educational purposes only. Every loan product has eligibility guidelines, exceptions, exclusions and inclusions. To find out which loan product fits you best, you should consult a Mortgage Loan professional for tailoring your loan to your needs and your situation. FDM is qualified for all these loan products and more, including grants and other unique products.
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