Loan Programs
Morgan Whitney Financial Services offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to cover the local and foreign national market as follows:
Borrower Eligibility: U.S. Citizens, Permanent Residents Aliens
We offer 1/1 ARM, 3/1 ARM, 5/1 ARM, 7/1 ARM and 10/1 ARM.
This is a 30-years term adjustable rate mortgage; the loan rate and payment will adjust after the fixed period of 1, 3, 5, 7 or 10 years depending on the term client chooses.
It is a first Mortgage Program designed for low to moderate Income homebuyers. This program permits a low down payment, is a 30 years full amortization, and has to be owner occupied (properties restrictions)
We offer all the same programs to foreign nationals; the only restriction is that the maximum loan to value may vary between 70% for single family residence and 60% for condominiums of the appraised value.
We have Loan programs for the following Property Types:
We do offer loans for Corporations, giving investors the opportunity to purchase property though a corporation. This program is also available to Corporations owned by "foreign nationals".
FIXED PORTAFOLIO
- 15 Years Fixed
- 30 Years Fixed
- 40 Years Fixed
Borrower Eligibility: U.S. Citizens, Permanent Residents Aliens
ADJUSTABLE RATE MORTGAGE
We offer 1/1 ARM, 3/1 ARM, 5/1 ARM, 7/1 ARM and 10/1 ARM.
This is a 30-years term adjustable rate mortgage; the loan rate and payment will adjust after the fixed period of 1, 3, 5, 7 or 10 years depending on the term client chooses.
MY COMMUNITTY MORTGAGE 97
It is a first Mortgage Program designed for low to moderate Income homebuyers. This program permits a low down payment, is a 30 years full amortization, and has to be owner occupied (properties restrictions)
FOREIGN NATIONALS
We offer all the same programs to foreign nationals; the only restriction is that the maximum loan to value may vary between 70% for single family residence and 60% for condominiums of the appraised value.
We have Loan programs for the following Property Types:
- Low rise condos
- High Rise Condos
- Condo Hotels
- Single Family Residence
- Condo Conversions
- 2-4 units Multi Family
- 5 or more units Commercial
- Land and construction loan
- Hard Equity Loans for general, foreclosures and court purchases, etc
- Warehouses and any type of commercial properties
CORPORATIONS
We do offer loans for Corporations, giving investors the opportunity to purchase property though a corporation. This program is also available to Corporations owned by "foreign nationals".
Note: All loan programs are subject to a Case-by-Case analysis of the personal credit worthiness. We offer loan programs for persons with as low as 550 on their credit score.