Explore More Loan Programs - David Barrett Loan Officer

Standard Loan Programs

Conventional Loans

A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.

Conventional Loan INfo.

FHA Home Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

FHA HOme loan INfo.

VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...

VA HOme Loan INfo.

Jumbo Loans

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $832,750 in...

Jumbo Loan INfo.

First -Time Home Buyer Programs

Loan Programs designed for buyers that have not owned a home in the last three years.

You may combine with DPA Programs. Find out more!

First time buyer info

Down Payment Assistance Programs

DPA programs from State, County and City municipalities provide DPA for deserving borrowers. The funds are typically provided by a non-amortizing forgivable second mortgage. Find out what you qualify for!

DPA Program list

Investor Loan Programs

Traditional Investor loan programs. Loan programs for seasoned and beginner investors. I guide you to the right loan program to fit your needs. Call Today! DSCR and more is under alternate programs

Investor Loan Info.

Refinance Options

Thinking about refinancing? Cash-out or just lowering your interest rate. I have the right option and help you analyze the numbers to make sense of your options.

Refinance Loan options.

Alternate Loan Programs

Bank Statement Programs

A bank statement program helps self-employed borrowers secure mortgages by using recent personal or business bank statements to verify income, rather than traditional tax returns. Lenders review 12 to 24 months of deposits to evaluate the borrower's qualification.

See the guidelines

1099 Loan Programs

A 1099 loan program allows independent contractors and freelancers to qualify for a mortgage using 1099 forms instead of 1040 returns. Lenders calculate income from 1099 statements covering one to two years, simplifying approvals for self-employed individuals.

1099 loan qualifications

Non-Warrentable and Condotel Financing

Niche condo loans provide financing for properties that Fannie Mae and Freddie Mac won't back, often due to high investor ownership, unacceptable budget, or short-term rental options. These non-warrantable condo and condo hotels loans allow buyers to purchase unique resort or luxury condominiums. Condo Hotel Financing | Non-Fannie Mae Approved Condo Loans"

what is a condotel

DSCR Investor Loans

DSCR investor loans qualify real estate buyers based on a property’s cash flow rather income w-2 and tax returns. Lenders divide gross monthly rent by the mortgage payment to ensure the cash flow covers the debt, simplifying financing for rental portfolios.

DSCR Loan Qualifications

Profit and Loss Statement Loans

Profit and loss statement loans qualify self-employed buyers for mortgages using a CPA-prepared P&L statement instead of tax returns or bank deposits. Lenders evaluate the net income shown on the document over a 12-to-24-month period to determine borrowing power.

P & L Loan guidelines

Asset Depletion Loans

Asset depletion loans qualify homebuyers for mortgages by calculating their total liquid wealth into a monthly income stream rather than relying on employment or traditional income.. Lenders divide eligible assets by a set timeframe to determine your qualifying borrowing power.

What is an assest Depletion Loan

Multi-Unit Residential

Multi-unit residential buildings with 2-8 units are often financed with DSCR loans for investors. Lenders qualify borrowers for this business purpose loan, on property operating income, lease stability, and cash flow rather than personal or business tax returns.

Multi-unit loan programs

Commercial Loans

A commercial loan provides business entities with funding to purchase, develop, or refinance commercial properties like offices, retail spaces, or warehouses. Instead of personal tax history, lenders primarily evaluate the business's revenue, the property's income-producing potential, and debt service metrics.

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