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At Wall Street Financial Corporation we offer different choices of loan programs. Here are a few listed below.
Call today, 1-888-508-5626, for complete details and see if this amazing program is right for you. |
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FHA Experts |
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Wall Street Financial has been providing FHA loans to customers in Hudson County, for most of our 18 years. |
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100% Financing |
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Wall Street Financial is a leader in providing qualified customers with 100% financing and eliminating the need for a down payment. |
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Stated Income |
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Wall Street Financial has a wide array of mortgage programs that allows a
customer a fast and easy way to qualify using “Stated Income”. |
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Multi Family |
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As a full service mortgage lender, Wall Street Financial can help business
owners in purchasing or refinancing their commercial properties. |
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Conventional |
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Fannie Mae loans are conventional loans made at the risk of the lender without benefit of any government guarantee or government insurance. A conventional loan with an LTV (loan to value ratio) of greater than 80% requires primary mortgage insurance, which can be paid monthly. The borrower must have 5% of his/her own funds for the down payment and 2 months reserves on deposit. Closing costs must be paid by the borrower. |
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Adjustable Rate Mortgage |
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An Adjustable Rate Mortgage (ARM) is a loan that has an adjustable interest rate after a fixed timeframe. Typical ARM programs adjust after the first 6 months or 1 year. Monthly payments are due the same time each month. ARMs may provide the security, flexibility and affordability prospective home buyers desire. These loans are especially attractive to home buyers who plan to trade up in future years. Generally, initial interest rates are lower than on fixed rate mortgages. This may allow you to qualify for a larger mortgage amount. |
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Federal Housing Administration |
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FHA was created by the Federal Government to provide affordable housing financing for qualified borrowers. FHA insures the loan, limiting the lender's risk. The borrower pays an upfront insurance premium which is approximately 1.5% of the loan amount. This money can be financed directly in the loan amount. The borrower also pays a monthly premium of .5% of the loan amount divided by 12 months. FHA requires down payment of 3%. This money can be a gift. No reserves are required.
Borrowers must provide proof of sufficient income to show ability to pay the mortgage. FHA guidelines are more relaxed, such as; a bankruptcy that was discharged at least 2 years ago, the use of alternative credit (utilities, cable TV, auto or medical insurance premiums, child care, school tuition, furniture or appliance store accounts) in lieu of traditional credit, and higher debt to income ratios. FHA interest rates are extremely competitive with conventional rates. |
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Refinance |
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Refinancing is when you apply for a secured loan in order to pay off another different loan secured against the same assets, property etc. If this original loan had a fixed interest rate mortgage which has now declined considerably, then you would like to avail of a new loan at a more favorable interest rate. |
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B/C Credit Loan |
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These types of loans are available to borrowers who have or have had credit problems such as being late on or defaulting on the repayment of loans or credit cards. Although such loans are available as fixed rate or adjustable rate mortgage loans, the interest rate and/or costs associated with such loans are generally higher than loans available to borrowers who do not have a history of credit issues to reflect the fact that the risk associated with such loans is generally higher. Borrowers who do not have a history of credit issues are said to have "A" credit. Those with a history of credit issues are said to have "B", "C" or "D" credit depending on the severity of the credit issues. |
