Loan Types and Programs
A true mortgage brokerage
Since CustomRate is a true mortgage brokerage working with several wholesale outlets, we can offer a multitude of loan services and programs. There are many brokerages that work with roughly a handful of lenders–we are not like those so-called brokerages. Take a look at some of our mortgage programs. We simply have too much to list, so if you’re looking for something that isn’t listed, then reach out. Click the chat or call us, and we’ll gladly see if we have what you need.
Government Loans*
» Use your BAH to qualify
» You can use a VA loan twice
» No down payment
» First responders, teachers, and more
» Assistance with closing costs
» Stack with a VA loan
» Common sense
» Never carried debt
» Second looks
» Relaxed credit standards
» Streamline refinance options
» Renovation loans
» Path to homeownership
» Different types of DPA available
» Stack with seller concessions
» Available year round
» Discounted PMI available
» Forgivable “silent seconds”
» Find houses just outside of major cities
» Streamline refinance options
» No down payment
» Not just seniors, but those approaching
» Alternative option to HELOCs
» Renovation options
Conforming Loans*
» HomeReady®
» RefiNow™
» Renovation options
» Home Possible®
» Renovation options
» Low down payment options
» Common sense
» Never carried debt
» Second looks
Non-Conforming Loans*
» No W2 or Self-Employed Income
» Crypto allowed if converted
» Large loan amounts
» Fast-track your project
» Preserve your cash
» Interest-only options
» Commission earners
» Maximize monthly cash flow
» Leverage freed up cash
» Large deposits? No problem
» 100% Gift Funds options
» Large loan amounts
» Previous Foreclosure, BK
» High DTI
» Large loan amounts
» More recently Self-Employed
» High DTI, waivers
» Large loan amounts
» 2nd and investment homes
» Gift funds allowed
» Ask about Visa waiver
» More recently Self-Employed
» High DTI, waivers
» Large loan amounts
» No down payment
» No monthly mortgage insurance
» MD’s, Vets, Pharmacists, and more
» Loans other cannot do
» Cannabis industry
» Large loan amounts
» No employment, income disclosures
» Interest-only, 40 years, and ARMs
» No limit on financed properties
» Debt relief, consolidation
» Add a pool, upgrade home
» Emergency funds
» No FICO
» No passport
» 100% Gift Funds options
» Bankruptcy
» Foreclosure
» Short Sale
Commercial – Business Purpose*
- Loan amounts: $50,000 to $50 million (case-by-case basis)
- Network: Local, Regional, National Banks, Credit Unions, SBA 7a & 504, HUD, Commercial Real Estate, Bridge, Private Capital Lenders
- Property & Program Types: We offer a large list of property types and programs, including but not limited to:
Dive Deeper into these Programs
- How to Buy a House in Florida with an ITIN and No SSNFinding the right financing can feel like a challenge if you don’t have a Social Security Number (SSN). However, Florida remains one of the most accessible states for international buyers and residents using an Individual Taxpayer Identification Number (ITIN). Whether you are a local resident, a foreign investor, or here on a professional visa, you… Read more: How to Buy a House in Florida with an ITIN and No SSN
- Why Real Estate Investors Are Ditching W-2s for DSCR Loans
In the fast-paced world of real estate investing, agility is a competitive advantage. Traditional mortgages can slow down investors with requests for personal tax returns, pay stubs, and strict debt-to-income (DTI) limits. DSCR (Debt Service Coverage Ratio) loans flip the script entirely: lenders care about the property’s cash flow, not your personal paycheck. If you… Read more: Why Real Estate Investors Are Ditching W-2s for DSCR Loans
* All loans, approvals, programs, and criteria are subject to change.