Below is a partial list of our Net Equity Loan Programs offered for 2020.  By no means is this an exhaustive list and it will be updated periodically. At Net Equity, we are continually in search of new loan programs to add to our list of currently more than 100 home financing programs. Our overarching goal is to provide exceptional value to our Borrowers, Lender Partners, Real Estate Agents,  access to specific loan programs that will meet the needs of their clients. To inquire about details of a specific program, please feel free to call us at 215-741-3131 or 800-757-1990 and we’ll be happy to answer your inquiry.  You can also email us at LoanDept@NetEquityLoans.com

215-741-3131

Conventional Loan Programs List

Elite High Balance Loan Program

Elite High Balance offers some of the best conventional high balance rates and pricing for your top-tier clients. You'll receive industry-leading turn times, direct access to underwriting, and award-winning technology with every loan.

Program highlights include:

·         740+ FICO

·         Up to 80% LTV

·         Loan amounts from $417,001 up to County Loan Limits

·         Property Inspection Waivers honored

·         Underwrite to AUS findings

·         Includes Conventional, High Balance and ARMs

Elite High Balance ARM Loan Program

 

Need an ARM loan to accommodate non-conforming loan amounts for your top-tier borrowers? The Elite High Balance 5/1 and 7/1 ARM products are great options.

 

Program highlights include:

·         740+ FICO

·         Up to 90% LTV

·         Loan Amounts from $417,001 up to County Loan Limits

·         Property Inspection Waivers honored

·         Underwrite to AUS findings

Pay Advantage Standard Loan Program

Program highlights include:

·         Up to 97% LTV with no monthly M.I.

·         100% gift for down payments eligible

·         Underwrite to AUS findings

·         M.I. certificates issued in house with no M.I. overlays

 

Pay Advantage Preferred Loan Program

Program highlights include:

Pay Advantage Preferred caters to top-tier 760+ borrowers, eliminates the monthly mortgage insurance while receiving all of the benefits you've come to expect alongside our #1 M.I. product, Pay Advantage.

 

·         1.45% premium for 90.01 - 95% LTV

·         0.87% premium for 85.01 - 90% LTV

·         0.50% premium for 80.01 - 85% LTV

Split 50 and Split 100 Loan Program

Split 50 and Split 100 is a hybrid program combining a single-premium M.I. adjustment with the balance of the M.I. premium to be paid at a reduced monthly rate. Your client will benefit from a lower monthly M.I. payment, saving them hundreds of dollars every month while giving them a great low rate.

Program highlights include:

·         LTVs up to 95%

·         Split 50 at only 50 basis points

·         Split 100 is a less expensive option for your borrower than FHA loans

·         Underwrite to AUS findings

 

Ultimate Advantage Blue Loan Program

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly M.I. payment, while ensuring the maximum credit to offset the closing fees. Strengthen your purchase business by giving your borrower the best of both worlds.

 

Program highlights include:

·         Down payment as low as 3%

·         Use seller contributions to eliminate monthly M.I.

·         Accommodate a low rate and payment while providing a premium credit to negate closing costs

·         Empower your clients to qualify for the home of their dreams

 

Flex Term Loan Program

Program highlights include

Customizing the perfect loan for you without resetting the mortgage clock! Flex Term provides borrowers with flexible options to select their amortization term.

 

·         Available on all conventional loan products

·         Terms available from 8–30 years

HomeReady Loan Program

Fannie Mae’s conventional option for borrowers looking to purchase with a low down payment or refinance with limited equity

Program highlights include:

·         Purchases up to 97% including FTHB

·         Refinances up to 95% LTV, regardless of current mortgage program

·         Reduced Mortgage Insurance

·         High Balance available

·         Relaxed AMI income limits based on census tracts

·         Gift funds eligible for entire down payment

Home Possible Loan Program

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

 

Program highlights include:

·         Up to 95% LTV

·         First time homebuyers, move-up borrowers, and retirees

·         No income limits for Underserved Areas

·         No reserve requirements for 1-unit properties

·         Gift funds eligible for entire down payment

Home Possible Advantage Loan Program

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

Program highlights include:

·         Up to 97% LTV

·         First time homebuyers, move-up borrowers, and retirees

·         Refinances up to 97% LTV, regardless of current mortgage program

·         No income limits for Underserved Areas

·         No reserve requirements for 1-unit properties

High Balance Loan Program

Time is of the essence with every borrower. Don’t wait while your borrower shops around—give them the most competitive rates and close their High Balance loan in record time!

 

Program highlights include:

·         Loan amounts from $417,001 – county loan limits

·         Elite pricing available for your top-tier clients

·         640+ FICO

Limited Review Condo Loan Program

Net Equity Financial makes your condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.

Program highlights include:

·         Available in all 50 states

·         No condo questionnaire required

HARP 2.0 Loan Program

We’re closing HARP 2.0 (Home Affordable Refinance Program) in 20 days or less! Do you have a client that has a current loan with Fannie Mae that was originated prior to May 31, 2009? HARP 2.0/DU Refi Plus allows your client to refinance their current loan even if they owe more than the property is currently valued at.

 

Program highlights include:

·         Up to 175% LTV/Unlimited CLTV

·         No DTI restrictions (approve/eligible findings)

·         Property inspection waivers are accepted

·         Condos and high balance loans are eligible up to 125% LTV/CLTV

·         M.I. transfers allowed with our HARP 2.0 with M.I. program

·         .75 max cap adjustment

Veterans Administration (VA) Loan Programs