Work Hard Mortgage

No Mortgage Insurance Loan

Up to 95% Loan-To-Value Ratio

This Loan Program is a Conventional Loan with LENDER PAID MORTGAGE INSURANCE! Lender-paid mortgage insurance (LPMI) usually results in lower monthly payments than borrower-paid mortgage insurance, but also carries a higher interest rate. The idea of having lender paid mortgage insurance is relatively simple: Pay a fee up front when you get your loan or accept a higher interest rate and the lender will pay for your mortgage insurance.

Who Can Qualify

Must be 18 years or older
U.S. Citizens
Green Card Holders (non U.S. Citizen)
H-1B Visa & EAD Card Holders (non U.S. Citizen)

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Loan Details

Credit: 620 FICO or higher
Maximum DTI of 50%
Down Payment:
○ 20% Down Payment Without Mortgage Insurance
○ 3% Down Payment With Lender Paid or Borrower Paid Mortgage Insurance
Occupancy: Owner Occupied, 2nd Home, or Investment Property
Eligible Properties: Single Family Residence, Condo, PUD, Multi Units (Max 4 Units)
Bankruptcy and Foreclosure Rules
○ No Bankruptcy within the past 4 years
○ No Foreclosure within past 7 Years
○ No Short Sale within the past 4 Years

PROOF OF INCOME

Salaried (W2):
○ 30 days of pay stubs that show income including year-to-date income
○ 2 years of federal tax returns and W-2 statements
○ Additional income such as alimony, child support or bonuses
Self-employed or Business Owner:
○ 2 years of federal tax returns (personal and business)
○ Most current up to date profit and loss statement (P&L)
○ Additional income such as alimony, child support or bonuses
Retirement or Annuity or Child Support Income
○ Must continue for 2 years or more

Employment Verification:

2 years of work history verified by employer
2 years of self-employed or business income verified by a CPA

Asset Documentation:

60 days or a quarterly statement of all asset accounts

Proof of Identity:

Driver’s License or State Identification
Social Security Card

Ready to Apply? Let’s Get Started.

If you’re ready to take the next step, you can start your application now. It’s quick, secure, and gives us the info we need to help you move forward.

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