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Alternative A
Alternate A lending products cover a diverse set of programs and
options for
today's consumer. These products are usually available to a
borrower that
fits the Conforming credit profile (good scores & payment history)
and most
often they offer competitive rates.
A very common "Alt A" program that most consumers are
familiar with is a
Jumbo Loan; a loan that exceeds the conforming loan size limit of
$359,650
but also has many of the same characteristics and requirements as a
Conforming loan product. Another important feature with many
of these
products is the ability to construct a loan scenario where loans
equaling
100% of the property value are available. This is very popular
with home
buyers as well as borrowers considering debt consolidation to lower
their
monthly bills.
Highlights of Alternate A programs include:
* Rates are comparable
to traditional Conventional Conforming
* 100% financing available
on many products
* Stated and No Income
Documentation features are available
* More Cash Out
opportunities
* No maximum loan amounts
with some programs
Liberty National Funding is one of the largest originators of
Alternate A
programs in America. We are experienced in assessing what
products are
available to our customers and do our best to illustrate how each
potential
loan will help you achieve your financial goals.
Contact
us....
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