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Loan Types

October 27, 2022|

Purchase

LoanPeople offers fast closings for purchase loans with constant communication to all parties throughout the loan process. We are grateful to serve you.

Refinance

Reasons to refinance: reduce rate and/or loan term, remove mtg. insurance (PMI), receive cash back for debt consolidation and home renovation.

FHA & USDA

LoanPeople offers incredible rates for government loan options including: FHA, USDA, and VA. Fast closings for purchase and refinance home loans.

Conventional

Conventional loans are the most common loan type in the U.S., offering low rates and fast closings for purchase and refinance home loans.

Condos

In-house condo underwriting streamlines the loan process for condos new, old, and everything in-between.

Non-Warrantable

Loan options for non-warrantable condominiums with a smooth process for customers, agents, and developers.

VA

VA loans offer 100% financing for veterans, servicemembers, and surviving spouses, with sufficient entitlement.

Investor

LoanPeople offers investment property loans for borrowers with more than 20 financed loans. Purchase and refinance.

Jumbo

LoanPeople offers a wide array of jumbo products for purchase and refinance loans with higher home loan amounts.

Jumbo Investment

LoanPeople offers jumbo products, including for investment properties. Great rates, on-time closings.

Asset Qualifier

Loan products for customers using assets toward qualifying income calculation. Purchase and refinance loans.

Close in LLC

LoanPeople offers financing options for closing in an LLC. More products, more solutions, close on time. Purchase and refinance.

100% Remote Closing

Complete eClosings with Remote Online Notary (RON). No visit to the title company required. Conventional, FHA, VA, and USDA.

Non-QM

Non-QM loan products available for out-of-the-box financial situations. Purchase and refinance loans.

DSCR

Debt-Service Coverage Ratio (DSCR) products use rental income for loan qualification. Purchase and refinance.

HELOAN

Home Equity Loan (HELOAN) taps equity in property to offer customers a fixed, upfront lump sum of money.

HELOC

Home Equity Line of Credit (HELOC) allows customers to tap their home equity.

2nd Liens

Wide range of options for transactions in need of a second loan balance.

Bank Statement

Loan products for transactions using bank statements to fulfill documentation requirements.

ITIN & Foreign National

Loan products for borrower(s) with ITIN and foreign national residencies.

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About the Author: Mark Hill

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Customers deserve great rates and service. At the heart of LoanPeople is: people. In-house processing, underwriting, closing, and funding.

© 2023 LoanPeople, LLC. All rights reserved. LoanPeople® NMLS ID: 1886352.
LoanPeople Headquarters: 3420 Executive Center Dr. #G-100, Austin, TX 78731.
Equal Housing Lender. NMLS Consumer Access. Notice: Section 326 of the USA PATRIOT Act of 2001 requires LoanPeople (NMLS: 1886352) to obtain a copy of documents used in identifying new account customers. Consumer Complaint | Recovery Fund Notice
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