AmeriDream Mortgage Group, LLC - Loan Products

Fully Amortizing Fixed Rate and High Balance - The standard in mortgage lending. They offer competitive rates for a multitude of borrowers and financing situations.              

Fannie Mae HomeReady - Designed to serve today's market of creditworthy, low to moderate-income borrowers, with expanded eligibility for financing homes in designated low-income, minority, and disaster-impacted communities. A great option for first-time homebuyers and qualified borrowers who may lack the funds for a larger down payment.                     

Freddie Mac Home Possible & Home Possible Advantage - Designed to meet the needs of low and moderate-income borrowers by providing flexible financing options that help them achieve homeownership.     

Texas Equity 50(a)(6) - Offers flexible financing on the refinance of any Texas property that is currently or has previously been subject to a cash-out refinance transaction. 

HomeStyle Renovation - Provides a convenient and economical way for borrowers considering moderate home improvements to make repairs and renovations with a single-close first mortgage.          

DU Refi Plus - Offering reduced verification and documentation to qualifying borrowers who have an original Fannie Mae mortgage with a note date prior to June 1, 2009. 

Relief Refinance Mortgage - Open Access -  Offering reduced verification and documentation to qualifying borrowers who have an original Freddie Mac mortgage with a note date on or before May 31, 2009. 

FHA  Standard 203(b) - The centerpiece of FHA's single-family mortgage insurance program. It allows a person to purchase or refinance a principal residence, often with lower credit restrictions and smaller down payments than their Conventional counterpart.              

FHA 203(b) Repair Escrow - Intended to facilitate uncomplicated rehabilitation of a home being purchased from HUD.            

FHA Streamline Refinance - This program was specifically designed to help existing FHA homeowners lower monthly mortgage payments and interest rates with minimal documentation and without needing an appraisal.            

FHA Standard and Limited 203(k) Rehabilitation Mortgages - Used to purchase or refinance a home that needs rehabilitation or major repairs. Rather than obtaining a separate loan to finance the cost of the repairs or walking away from a home they love because they don't have the cash for home improvements, the FHA 203(k) allows you to finance the rehab costs within the first mortgage.               

FHA & VA One-Time Close -  Finance the construction, lot purchase, and permanent mortgage, all with a single One-Time Close loan. No re-qualification. No Second Appraisal.           

VA Fully Amortizing Fixed -  The United States Department of Veterans Affairs established a program to help veterans and their families obtain home financing.                    

VA IRRRL -  The VA Interest Rate Reduction Refinance Loan lowers your interest rate by refinancing your existing VA home loan.           

Guaranteed Rural Housing (USDA)-  Loan Program is designed to assist households in obtaining adequate but modest, decent, safe, and sanitary dwellings and related facilities for their own use in rural areas. Loans are limited to applicants with incomes that do not exceed state and local Rural Development (RD) median income limits and properties designated as rural by RD. Borrowers can finance up to 100% of the appraised home value, or a borrower can have a gift or grant go toward a down payment with no money out of pocket. 

Jumbo Loans – We offer a variety of fixed and adjustable rate jumbo products from $802,650 to  $2,500,000 with a FICO score as low as 680.            

New! Low Down Payment Jumbo - High CLTV, up to 90% for primary residence purchases, for the Full Doc Jumbo Loan Program. Available for loans over $802,650 up to a max loan amount of $1,500,000.         

Jumbo Split –  Provides an option for jumbo properties to split financing between a first and second lien to avoid increased jumbo pricing and lower LTV limits. The first lien loan amounts to $802,650, and the second lien loan amounts up to $600,000. There is a 90% CLTV standard, with exceptions to 95% CLTV in some cases.

Jumbo Elite -  Exclusive rate incentives for borrowers with 700+ FICO. Loan amounts up to $2,000,000. Eligible for primary and second homes. Fixed-rate and ARM loans are available.

Reduced Doc Jumbo - Provides specific self-employed borrowers the opportunity to use alternative documentation to document income. Must have a 700 minimum FICO. Must meet minimum net worth and liquidity requirements.                 

Loan Product Enhancements - Escrow Holdbacks - Now offering Escrow Holdbacks to allow for repairs/improvements after closing, including pools. NO ADDITIONAL PRICING HITS APPLY. Excludes 30-year Fixed Jumbo product. No foundation or roof repairs are permitted.