This programs offers flexibility for the borrower in need of low down payment and who have high debt to income ratios.  With qualifying credit scores, the borrower can also use unverified cash income in applying.  Another feature of this program allows the borrower to use a credit card advance, or line of credit as borrower funds. While cash out refinances are not allowed, a limited cash out covering closing cost is permitted. 

For the borrower who understands that a tax deduction should always be optimized. With just 10% down RCG can secure a fixed or adjustable product that excludes mortgage insurance, saving you hundreds of dollars over the life your loan, and adding to your annual tax deductions for interest. This competitive product maximizes flexibility.

The FHA Way:

• Government Insured Mortgages
• As little as 3% down
• Flexible guidelines when examining borrowers credit history
• Non-traditional credit accepted
• Up to 6% Sellers Concession allowed
• 100% Gift of Downpayment, Closing Costs and Prepaid Expenses allowed (from an immediate family member or approved not-for-profit)
• Cash out refinance up to 95%

Adjustable Rate Mortgages:

1 Month ARM, 3 Month ARM, 6 Month ARM, 1 Year, 3 Year, 5 Year, 7 Year, 10 Year

Fixed Rate Mortgages:

15 Year, 20 Year, 25 Year, 30 Year