Loan PRODUCTS
At BluePoint Mortgage we offer a wide range of home loan programs to ensure that our broker partners have a full suite of solutions for their clients. From Conventional, VA, and FHA, to Non-QM and jumbo, we have the programs to help you grow your business.
CONVENTIONAL
- Min FICO 620
- No overlays
- 12 different AMCs
- Manufactured home OK
FHA
Help your clients with damaged credit. Although FHA loan approval is based on credit score, we have options for your clients who have damaged credit due to bankruptcy.
- Min FICO 550
- Minimal overlays
- DTI max based on AUS
- Manufactured home OK
JUMBO
Jumbo loans allow for a borrower to apply for a home loan that may be bigger than the conforming loan limits originally set by Fannie Mae and Freddie Mac. The most common need for Jumbo loans is when a borrower wants to borrow more money than the federal conforming loans normally allow.
NON-QM
If your client does not meet the necessary qualifications for a traditional loan due to a lower credit score, tax returns that do not reflect an accurate representation of their income, or who may have a history of bankruptcy or foreclosure or cannot otherwise get a traditional loan, they may benefit from a Non-QM loan.
- Min FICO 660
- Up to $2M
- No Income
- No W2s
- Up to 80% LTV
- I/O available
- P&L only
- 1099 only
- Bank Statements
- Asset Utilization
- WVOE Only
- Up to $3M
- Up to 90% LTV
- I/O available
- Min FICO 660
- Traditional Income
- Up to $3M
- Up to 90% LTV
- C/O up to 75% LTV
- I/O available
VA
Help servicemembers, veterans, and eligible surviving spouses to become homeowners.
- Min FICO 620
- No overlays
- DTI max based on AUS
- Up to 100% LTV
- Manufactured home OK
