Realtor Visor Card

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Loan Program Min. Downpayment Max. Loan Amount Closing Costs Max. Debt to Income Ratio*
F.H.A. 580 min score
660+ great rate options
720+ best rate options
580-639 by exception 		3.50%
  • SFR: $571,550
  • 2-unit: $731,700
  • 3-unit: $884,450
  • 4-unit: $1,099,150
  • 6% seller credit max on all FHA loans
  • 90 day fix, 180 - 2 appraisals or provide the previous CD
  • 56.99% max debt to income ratio
  • Chenoa Downpayment Assistance single/double manufactured home median sales price of $362,000
Conventional Loans 620 min score 3%
  • SFR: $847,440
  • 2-unit: $1,085,059
  • 3-unit: $1,311,535
  • 4-unit: $1,630,005
  • Less than 10% down max seller concession is 3%
  • 10% down or more the max seller concession is 6%
  • 25% down the max seller concession is 9%
  • Investment home max seller concession is 2%
  • With a 700 credit score, max debt to income ratio is 50%
  • Less than a 700 credit score, the max is 45%
USDA 640 min score
Rural areas 		0%
(4% max) 		Per income limit 4% 45.99%
V.A. 600 min score
580-639 by exception 		0% Up to $2,000,000
for eligible veterans 		6%

NON veteran/spouse can go on the loan w/a 12.5% downpayment & prior approval 		Based on disposable income
V.A. High Balance 620 min score
Eligible Veterans 		Varies $2,000,000 May require a downpayment May require a downpayment
Jumbo 680 min score 10% $3M
See me for more details on guidelines 		3% 43%
660 score = 15% downpayment
Mobile homes guidelines: Single or doublewide allowed for FHA, moved only 1 time, must have HUD label & HUD certificate, proper skirting, proper railing on decks, must have permanent foundation, built after July 1975, taxed as real estate, must have crawl space, no additions or structural changes allowed in most cases, engineers foundation report possible.
*Debt to Income Ratio = Total debts on credit + new mortgage payment / gross income.
Loan Program
Requirements
Prodigy Empower Grant Upon closing you will have 3.5% equity in your home. Can move quick and close in as little as 20 days.

FHA 30 year fixed with a 3.5% downpayment.
  • 620 credit score or higher — We can work together to get your scores up, so do not disqualify yourself.
  • Max debt to income ratio of 48.99% — Your monthly payments on credit plus the proposed mortgage payment cannot total more than 48.99% of your gross income.
  • Max income of 140% of the Area Median Income. I can assist anyone in the state of Texas. The max income varies by county.
  • Williamson County: Area median income is $80,126. Max income limit is $112,176.40.
  • Travis County: Area median income is $84,531. Max income limit is $118,343.40.
  • Available to first-time homebuyers, educators, first responders, health care professionals, and government employees.
  • This program requires seller participation of a credit to cover closing costs, points, and prepaid escrows.
  • After 7 monthly payments, we are able to attempt to refinance on an FHA streamline refinance.
  • Grants of 2% of the sales price have an interest rate of 7.25% / 7.47% APR.
  • Grants of 3.50% of the sales price have an interest rate of 7.75% / 7.84% APR.
Freddy F. Duarte
Mortgage Advisor | Managing Partner | NMLS# 265438
[email protected] | (512) 576-6115
www.YourMortgageGuyFreddy.com | www.housebenefitnetwork.com
400 E. Main Street, Round Rock, Texas 78664
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Realtor Visor Card

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Loan Program Min. Down Payment Max. Loan Amount Details
One-Time Closing Construction Conventional Loan Minimum 700 credit score
  • Primary home: 5%
  • Second home: 10%
  • Investment home: 15%
  • Primary duplex: 15%
  • Primary 3-4 plex: 25%
  • Investment 2-4 plex: 25%
Conventional loan limits apply — single family home max loan limit of $726,200
  • One time construction purchase — loan amount includes the sales price of the lot and the cost to construct the property minus the down payment.
  • One time construction refinance — primary and second home only when you own the land and want to refinance and pay off existing liens on the land and combine with construction costs.
  • 11 month max construction period.
  • Project and builder must be approved by Granite — $150 fee.
  • No condos or mobile homes.
  • Easy and quick process.
One Time Closing Construction VA Loan Minimum 700 credit score Primary home: land & construction costs with 0% downpayment Max loan amount of $2,000,000 Same one-time construction process. Project and builder approval required.
Loan Program Details Notes
Bank Statement Program Up to $2M
10% down min 		For self-employed buyers, we have a 12 month personal or 24 month business bank statement program. We use deposits from each month to average monthly income for qualification. Minimum downpayment is 10%. Down to 580 credit score with 20% down.
Private Lending:
no credit score req. 		20% downpayment required Any size loan amount. Financing is through private individuals that lend for real estate investments. Property must be an investment, non-homestead. Used for flips, land, and credit issues.
Asset Based Lending — This program is tied to a stock portfolio and not the property. Payments are taken out of earned dividends. Retain stock ownership and increase in stock value. Quarterly payments.
Non-warrantable condos Min DP: 10% Min score: 660. For projects that don’t meet owner occupancy requirements. Must be 500 sq ft minimum. Condotels allowed. No condo questionnaire required with 10% down.
ITIN Loans Min DP: 20%
by exception 10% 		Min score: 640. 2 years of tax returns with ITIN required, full doc or bank statements. If credit has been used previously with a SS# that is unverifiable, 25% downpayment may be required.
DSCR - debt service coverage cash flow only loan 20% Downpayment Min score: 640. No income, no employment — easy. Must be investment home. From coast to coast financing. Foreign Nationals with a 30% downpayment. Rental income isn’t verified.
Low to No Lender fees
Items needed for Loan Pre-Approval:
2 years W2s / 2 years tax returns / last 30 days of paystubs / 1 form of ID / 2 months bank statements
Our loan process is between 7–30 days from contract to close with a 17.2 day average.
Freddy F. Duarte
Mortgage Advisor | Managing Partner | NMLS# 265438
[email protected] | (512) 576-6115
www.YourMortgageGuyFreddy.com | www.housebenefitnetwork.com
400 E. Main Street, Round Rock, Texas 78664
Testimonial QR