At Universal Mortgage we realize that the mortgage environment has changed dramatically over the past few years and often times we find our clients being impacted by some of the problems in their past. This is why we offer two programs to help our customers get back into the world of home ownership.

Bank Statement Program:

  • Loan To Values of up to 80% for primary residences
  • 2ND home and investment properties allowed
  • 30 year fixed rates with no prepayment penalties
  • Credit scores starting as low as 500
  • Income is based on average bank deposits
  • 24 months of bank statements are required

Non – Conforming:

  • Allows for applicants that are only 1 day out of foreclosure, short sale, or bankruptcy
  • Loan amounts up to $750,000
  • 30 year fixed rates with no prepayment penalties
  • Credit scores starting as low as 500
  • Loan To Values of up to 80% for primary residences
  • 2ND home and investment properties allowed
  • Condo’s, townhomes and 2-4 units allowed
  • SINGLE FAMILY, CONDO, TOWNHOME, 2-4 UNITS
  • Gift funds allowed