Products Power 1 Financial specialties: Originating FHA, VA, Conventional, Jumbo loans, Down payment assistant loans, Reverse Mortgages, rehab loans, bank statement loans, non-prime loans for Purchases & Refinances. Up to 4 unit properties. Fixed Rates or ARMs. Cashout or Rate/Term. Primary residences, Second homes, and Investment properties.   Bank Statement Program CalHFA- down payment assistance Conventional FHA Foreign National GSFA Platinum - Down Payment Assistance Investor Non-Prime Reverse Mortgage VA Rates last updated on Wednesday, January 30, 2019 Bank Statement Program 24 month bank statement: Up to 90% loan to value on purchase or rate term refinance / Up to 85% loan to value on cash out refinance / Up to $ 1,500,000. 12 month bank statement: Up to 90% loan to value on purchase or rate term refinance / Up to 85% loan to value on cash out refinance / Up to $ 1,500,000 Minimum 660 credit score /Cash reserves required on both 12 and 24 month CalHFA- down payment assistance FHA- Minimum 640 credit score / 96.5% Maximum loan to value / 105% combined loan to value / Maximum 45% debt to income ratio / MyHome Assistance program 3.5% of sales price and may be used toward closing costs and/or down payment. CalHFA ZIP max loan is up to 3% or 4% of the FHA first mortgage loan amount and may only be used toward closing costs and/or prepaid items / Homebuyer education is required for one occupying first-time homebuyer CONVENTIONAL- Minimum 640 credit score / 97% Maximum loan to value.105% combine loan to value / Maximum 45% debt to income ratio. MyHome Assistance program 3.5% of sales price and may be used toward closing costs and/or down payment / CalHFA ZIP max loan is up to 3% or 4% of the FHA first mortgage loan amount and may only be used toward closing costs and/or prepaid items. Homebuyer education is required for one occupying first-time homebuyer / Income and Sales Price limits on both FHA and Conventional. Conventional Fannie Mae/Freddie Mac or Jumbo FHA 3.5% down payment on purchase / 85% loan to value for cash out refinance / 30 year and 15 year Fixed Rate / Minimum 580 credit score/ Minimum 550 credit score with 10% down/ Maximum loan limit Riverside County $ 431,250 / Los Angeles/Orange Counties $ 726,526 Foreign National Please call for details GSFA Platinum - Down Payment Assistance Golden State Finance Authority FHA or Freddie Mac 3%, 4% or 5% down payment and closing cost assistance in the form of a forgivable second mortgage 640 Minimum Credit Score 97% Max Loan To Value/105% Max Combined Loan to Value- Freddie Mac 96.5% Max Loan to Value/105% Max Combine Loan to Value- FHA Investor Please call for details. Non-Prime Self-employed qualify with 12-24 months bank statements in lieu of tax returns / Reverse Mortgage Please call for details. VA Maximum Amount: $484,350 Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $484,350 with closing costs of $9,687. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.