We offer a variety of loan products to fit your client needs
Our loan products include Converntional loans, FHA loans, USDA loans, VA loans, Non-Warrantable Condo financing, Expanded Prime and Non-Prime loans, and 24-month bank statement loans.
Conventional
Conventional loans are a popular choice for borrowers who meet certain credit and income requirements. These loans are not backed by the government, but rather by private lenders, and offer numerous benefits, including competitive interest rates, flexible loan terms, and options for both fixed and adjustable rate mortgages.
Maximum loan amount: $766,550 (or county maximum for high balance areas)
- Minimum 620 credit score
- DTI: 50% with AUS approval
FHA
FHA loans are a popular financing option for first-time homebuyers and those with lower credit scores. These loans are backed by the Federal Housing Administration and offer numerous benefits, including lower down payments, more flexible credit requirements, and competitive interest rates. At MAI, we're proud to offer FHA loans to help make homeownership more accessible and affordable.
- Max Loan Amount: $420,680 to Max County Limits
- MAX DTI: 55% w/ AUS approval
- Down Payment: 3.5%
- Credit Score: 620 with approval & 640 FHA streamline
See Full Guidelines
USDA
USDA loans are a great option for borrowers looking to purchase or refinance a home in a rural area. These loans are backed by the U.S. Department of Agriculture and offer numerous benefits, including no down payment, low interest rates, and flexible credit requirements. At MAI, we're proud to offer USDA loans to help make homeownership more accessible in rural communities.
- Max Loan Amount: By DTI
- DTI: 29/41% Max, 29/45% with compensating factors/reserves
- Down Payment: None
- Credit Score: 620 Purchase & Refinance
VA
VA loans are a great option for those who have served our country in the military, as they offer numerous benefits and advantages. At MAI, we're proud to support our veterans and their families by providing VA loans with competitive rates and flexible terms. VA loans require no down payment and offer lower interest rates compared to traditional mortgages, making homeownership more accessible for those who have served.
- Max Loan Amount: $1.5M
- DTI: 55% with AUS approval
- 100% financing
- Credit Score: 620
Expanded Prime Loans
We understand that life can throw unexpected challenges your way, which is why we offer Expanded Prime loans to help borrowers with unique financial situations achieve their homeownership dreams.
- 90% Purchase and R/T Refi, No MI
- Cash Out options
- Full Doc and Self-Employed Bank Statement options (12 or 24 months)
- 660 FICO
- 50% DTI
- $100K – $3M loan amounts
- 4 year seasoning for credit and housing related events
- Unlimited Financed properties
- Investment properties can close in LLC or Corporation
- Non-Warrantable condos allowed
See Full Guidelines
Non-Prime Loans
We understand that life can throw unexpected challenges your way, which is why we offer
Non-Prime loans to help borrowers with unique financial situations achieve their homeownership dreams.
- 80% Purchase and R/T Refi, No MI
- Cash Out options
- Full Doc and Self-Employed Bank Statement options (12 or 24 months)
- 620 FICO
- 50% DTI
- $100K – $1.5M loan amounts
- Recent credit and housing event options at reduced LTVs
- Unlimited Financed properties
- Investment properties can close in LLC or Corporation
- Non-Warrantable condos allowed
See Full Guidelines
ITIN Program
An ITIN loan is a mortgage loan that is available to borrowers who do not have a Social Security number. ITIN stands for Individual Tax Identification Number, and it is a number issued by the IRS to individuals who are not eligible for a Social Security number.
- Primary Residences
- 85% Purchase and R/T (CA and IL restricted to 80%)
- Cash out options
- 620 FICO
- $100K – $1.25M loan amounts
- Full Doc only
SEE FULL GUIDELINES
DSCR
DSCR loans are a type of non-QM loan that are designed for real estate investors. These loans qualify borrowers based on the cash flow of the investment property, rather than the borrower's income or credit score. This makes DSCR loans a good option for investors who have a limited credit history or who do not have a steady income from a traditional job.
- 80% Purchase and R/T
- Cash out options
- 660 FICO
- Minimum DSCR 0.75
- First Time Investors allowed
- Unlimited financed properties
- OK to close in LLC’s or Corporations
- Prepayment Penalty applies
- Non-Warrantable condos allowed
See Full Guidelines