Niche Programs

CHFM is a Full Service Lender that offers a wide variety of "niche" financing for your short and long term objectives. Listed below are a few loan programs that go beyond the average 15 and 30 year Fixed and Adjustable Rate Mortgages. CHFM can provide loan options to fit all of your needs.

No Income Verification

With a No Income Verification loan, you do not need to provide any form of income documentation. You can finance up to 100% of the purchase price of the home. However, in order to keep your interest rates low, it is important that you have a good to excellent credit rating.

No Income, No Asset Verification

This program is similar to the NIV loans, with the added feature that verification of assets is also not required.

No Income, No Asset, No Employment Verification

This loan program requires an excellent credit rating. It is the ideal program if you have recently started your own business (most programs require verified self-employment for 2 or more years). It is also a great program if you have recently started a position that is primarily commission.

Low / No Down Payment

There are a variety of loan programs that require you to have little or no down payment. These include: 80/20 mortgage combinations with no mortgage insurance (you will have both a first and second mortgage); Seller credit for closing costs; and Down Payment assistance programs. These programs are also available for the purchase of a 2nd home or for Jumbo loans (over $417,000.00).

Remodel / Construction

Ideal for home improvements when you do not have the available cash and there isn’t enough equity in your home. Provides the ability to use the "after improvements value" for advancing the funds to make the desired improvements. Can also be used when purchasing a "fixer upper".

Construction

Single close construction to permanent loans. One loan secures the interest rate for both the construction loan and the final permanent loan. Having only one closing also reduces the closing costs, saving hundreds of dollars.

Bridge Loans

You can access the equity in your current home in order to purchase your new home. With some programs, you will not have to write monthly checks for both mortgages which reduces your liabilities when determining your debt to income ratio.

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