Our Products: ViG Mortgage

USDA Rural Development

Department of Federal Agriculture Program (For Purchase)

  1. Up to 102% LTV (borrowing margin).
  2. It can be loaned to include closing costs, under certain conditions.
  3. The municipality must be within USDA-approved territory
  4. For people of moderate and verifiable income with a pay stub, income tax return, and W-2.
  5. You can purchase a single housing unit primary residence or refinance to lower payment of an existing RURAL loan.
  6. It allows you to lend to buy and make repairs. (RURAL repairs).
  7. We have low-interest rates.

USDA Rural Development Single-Close

Buy your land and build

  1. Up to 100% LTV (borrowing margin).
  2. Fixed interest rate before starting the project.
  3. The maximum loan amount is determined by the projected appraisal.
  4. You issue your first monthly payment once the property is delivered to you. (Maximum time 12 months). This way, you don’t have to pay the rent and the loan in what the construction ends.
  5. The minimum land size is 500 meters.
  6. The land must be located in an area named RURAL by USDA.

Veteranos (VA)

  1. Loan for purchase or refinancing for persons who serve or have served honorably in any of the divisions of the U.S. military.
  2. Regular Veteran – Reservist – Retired – Widow -National Guard – Coast Guard
  3. For the main residence only.
  4. 100% financing available.
  5. Low interest rate.
  6. For employees or self-employed persons. (Evidence of income will be by slats, slats, and W-2s)
  7. House or condominium. *For condominium must be within VA approved listing.*
  8. The loan limit is set by the maximum allowable guarantee for each veteran for the VA Certificate of Eligibility, which is obtained in the DD-214 form.
  9. The credit score may be low.

FHA

  1. Up to 96.5% of LTV (borrowing margin).
  2. It requires a minimum of 3.5% soon and allows a family member to donate the same./li>
  3. Repairs can be financed within the loan.
  4. For purchase or refinancing of principal residence.
  5. Refinancing to lower payment to an LTV 97.75 (borrower margin vs. appraisal)
  6. Excess refinancing up to 80% of LTV (borrower margin vs. appraisal)
  7. Evidence of income (verifiable pay stub, income tax return, and W-2)
  8. Average credit score from 580.
  9. Low interest rate.
  10. Maximum loan amount set for each town in P.R.
  11. Up to $385,250.00 for a housing unit; up to $493,200.00 for two units; up to $596,150.00 for 3 units and $740,850.00 for 4 units of housing in Metro Area. Other limits apply to the rest of the municipalities.
  12. Condos must be on the FHA listing. (www.hud.gov)

FHA 203K-Limited y Standard

  1. Up to 96.5% of LTV (borrowing margin).
  2. It requires a minimum of 3.5% soon and allows a family member to donate the same./li>
  3. Repairs can be financed within the loan.
  4. For purchase or refinancing of principal residence.
  5. Refinancing to lower payment to an LTV 97.75 (borrower margin vs. appraisal)
  6. Excess refinancing up to 80% of LTV (borrower margin vs. appraisal)
  7. Evidence of income (verifiable pay stub, income tax return, and W-2)
  8. Average credit score from 580.
  9. Low interest rate.
  10. Maximum loan amount set for each town in P.R.
  11. Up to $385,250.00 for a housing unit; up to $493,200.00 for two units; up to $596,150.00 for 3 units and $740,850.00 for 4 units of housing in Metro Area. Other limits apply to the rest of the municipalities.
  12. Condos must be on the FHA listing. (www.hud.gov)

Reverse Mortgage

  1. For refinancing or purchase the principal residence.
  2. FHA Loan guarantee.
  3. Minimum age 62 years. In the case of spouses, both have to pass the 62 years.
  4. No monthly mortgage payment required.
  5. Guaranteed ownership.
  6. You have to keep up to date the payments of fire, hurricane and earthquake insurance as well as floods or territorial contributions that apply to the CRIM.
  7. You can get cash.
  8. Ideal for people who reach retirement age, their income is no longer the same, and they decide to get money from the equity that they could maintain is their home.
  9. A counseling certificate is required.>

Préstamos Convencionales

Conforming

  1. Loan for principal residence, second and investment.
  2. Up to 80% LTV without mortgage insurance.
  3. 95% with private mortgage insurance for the main residence. (The mortgage insurance premium can be financed by up to 2%.)
  4. You can finance up to 90% LTV for the second residence with private mortgage insurance.
  5. For investment, you can reach up to 80% LTV without mortgage insurance.
  6. Qualification by verifiable pay stub, income tax return, and W-2.
  7. Competitive interest rates.
  8. Limit $484,350.00 for 2019.

Non-Conforming

  1. Up to 89% LTV in the main residence, without mortgage insurance and up to 95% with private mortgage insurance.
  2. Second home, up to 85%.
  3. 75% LTV for investment residence, no private insurance.
  4. Non-qualifying condominiums FHA – VA – RURAL – Fannie Mae.
  5. Income evidenced by verifiable pay stub or financial statements.

VIG 98

  1. Up to 98% LTV in the main residence, with mortgage insurance by AFV.
  2. Up to $160,000 loans.
  3. From 650 credit score.
  4. Allows up to 7,500 additional to the sale price for repairs.
  5. Non-qualifying condominiums FHA – VA – RURAL – Fannie Mae.
  6. Income evidenced with verifiable pay stub or financial statements.

Conventional – Jumbo

  1. Loans over $484,350.00.
  2. For main residence, second home or investment property.
  3. Evidence of income with financial statements or income tax return.
  4. He doesn’t have private mortgage insurance.
  5. Requires mortgage insurance 95% of LTV up to $617,000.00. (Check Quantity.)

Conventional - Super Jumbo

  1. Loan up to $3,000,000.00
  2. First residence, second or investment.
  3. Evidence of income with financial statements or income tax return.
  4. Competitive interest rates.
  5. Up to 85% LTV.

JUAN COLLAZO MARTINEZ

Real Estate Agent C-18545

Language | Lenguage:

  • 151 San Francisco Street, Suite 200 San Juan, PR. 00901

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