Home Ownership Accelerator™ Product Information

The Lender’s HOA™ product offers you flexible financial freedom and liquidity, among other substantial benefits:

• Loan has a term of 30 years and is a first-lien line of credit with line of credit being level for for first 10 years, then decreasing by 1/240 per month for remaining 20 years.
  
  

• No negative amortization.

  Interest-only (first 10 years) variable rate loan allows

  maximum flexibility

  and

  control over both the monthly interest charge and the equity

  
  
  
• Available to U.S. citizens or Permanent Resident Aliens on single family, primary residence and second home properties 
  
  
• For purchase, rate/term refinance, and cash-out refinance transactions with full documentation or stated income
  
  
• Depending on property type, up to 75% loan-to-value (LTV) allowed with a minimum credit score of 700 based on middle score from the 3 major credit bureaus
  
  
• No borrower-paid mortgage insurance, no pre-paid interest, and no escrows for property taxes and insurance, as required by traditional mortgages
  
  
• Credit line (loan) maximum $417,000 with a few exceptions depending on geographic location.  Minimum credit line amount is $100,000
  
  
• Title to financed property may be held in name of an actual person or Inter Vivos Revocable Trust
  
  
• Life interest rate cap is 5% over the start rate. 
  
  
• Click here to see FAQ's