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At Neo Mortgage, we offer a full range of flexible mortgage products for individuals who otherwise wouldn't qualify for a conventional mortgage for reasons such as a low credit score or inability to verify a source of income. The following is a list of the different flexible loan types we offer.
• No documentation - 100% financing credit score driven with a minimum credit score of 620.
• ARM programs - available from a 2/28, 3/27, 5/25 ,7/6, 10/6 and much more including are most aggressive MTA 1% program all that's needed is 620 credit score.
• Fixed rate programs - 30-year/15 year and our new 40year, which can also be interest only for the life of the loan helping monthly payments, get as low as desired.
• SISA - (Stated income/ stated assets) with a 620 credit score by only verifying income and assets you can get 100% financing.
• SIVA - (Stated income/Verified assets) also with 620 credit score.
• Low Credit Programs -With a 580 credit score you can get 100% financing verifying documentation (full doc)
• 100%+ Programs - Money out of pocket not necessary Financing closing coast available.
• Full Doc Programs - As low as a 580 credit score providing full documentation and upto 100% financing.
• 100% combos - your loan is split into 80%/20% or 70%/30% to get lower monthly payments.
• Refinance cash out 100% - with a 580 credit score providing full documentation.
• CLTV (Combined loan to value) 90% with a 640 credit score using stated income/ stated assets.
• No source of seasoning of funds
• Full documentation : 90% LTV
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