ALTERNATIVE LOAN PROGRAMS

Name of Program

Description

Location

FTHB?

Homebuyers Choice

Navy Federal Credit Union, No money down program

 VA/MD/DC

No

High Loan to Value Mortgage

NASA Credit Union, No money down program

 VA/MD/DC

No

Family Mortgage

NASA Credit Union

 VA/MD/DC

No

Physician Loan Program

Suntrust Bank, No money down program

 VA/MD/DC

No

Doctor Loan Program

Fulton Mortgage, No money down program

 VA/MD/DC

No

100% Financing Program

 Tower Credit Union, No money down program

 VA/MD/DC

 No

Getting Started Mortgage

M&T Bank, No money down program

 VA/MD/DC

 No

80/20 Loan

Signal Financial, 1st and 2nd trust loan, no PMI

 VA/MD/DC

 No

80/20 Loan

Washington Home Mortgage, 1st and 2nd trust loan, no PMI

 VA/MD/DC

 No

America's Best Mortgage

 NACA, No money down program

 VA/MD/DC

 No

HECM Purchase Program for Seniors

No Mortgage Payment Loan (62 and older) Down payment depends on age of youngest borrower, Only qualify for taxes, insurance and HOA/condo fees, Perfect for those looking to sell a home and live mortgage free in another home and on a fixed income

 VA/MD/DC

 No

Home Ready Mortgage

Fannie Mae, 3% Down Payment Required, Non-occupant borrower income allowed

 VA/MD/DC

 No

Home Possible - Freddie Mac

 3% Down Payment Required

Non-occupant borrower income allowed

 VA/MD/DC

 No

HomeOne Mortgage - Freddie Mac

 No Income Restrictions, 3% down payment required, Only one borrower has to be a first time home buyer

 VA/MD/DC

 No

  Unison Home Buyer

 Shared Equity Mortgage, Double Your Down Payment

 VA/MD/DC

 No

 Construction to Perm Loan

Construction loan up to $2,000,000

 VA/MD/DC

 No

Adjustable Rate Loans

7/1 ARM | 10/1 ARM | 5/5 ARM, Interest rate adjusts after the last year

 VA/MD/DC

 No

VA Vendee

Purchase a VA bank owned property with no money down and no PMI. No appraisal needed and low closing costs

Property must be classified as seller financing eligible

 No

VA

100% Financing - VA Funding Fee Required (No funding fee if at least 10% disabled)

 VA, MD & DC

 No

Down Payment Assistance Grant

 Receive 3.5% of required down payment

Virginia/Maryland

 No

1.5% Down Payment Grant Program

 Sales price up to $704,300

Virginia/Maryland

 No

Homestyle Renovation Loan - Fannie Mae

Finance your renovations into your loan, 3% down payment (5% for non-first time buyers, 15% for investors)

 VA/MD/DC

 No

FHA 203K Streamline

 Finance up to $35,000 in renovations into your loan, 3.5% down payment required

 VA/MD/DC

 No

FHA 203K Full

 Finance structural renovations into your loan, 3.5% down payment required

 VA/MD/DC

 No

Guidance Residential

Shariah Compliant (RIBA) Loan

 VA/MD/DC  No

Lariba American Finance House

Shariah Compliant (RIBA) Loan

 VA/MD/DC  No

Bank Statement Program

Self Employed Buyers

 VA/MD/DC  No

1% down payment with NO MI

George Mason Mortgage, Only 1% down payment required from buyer

 VA/MD/DC  No

First Trust with NO MI + 2nd Trust

George Mason Mortgage, (2nd mortgage up to 4% of sales price)

 VA/MD/DC

 No