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
![CONV-thumbnail-2 Conventional mortgages, or conventional loans, are a type of home buyer’s loan that’s not offered or secured by a government entity. That means it is not backed by the Federal Housing Administration (FHA), the USDA Rural Housing Service, or the U.S. Department of Veterans Affairs (VA).](https://bluepointmtg.com/wp-content/uploads/2022/01/CONV-thumbnail-2.png)
![550 fico FHA_580 FICO score](https://bluepointmtg.com/wp-content/uploads/2022/04/550-fico.png)
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.
![Jumbo_08122021 FHA_580 FICO score](https://bluepointmtg.com/wp-content/uploads/2022/01/Jumbo_08122021.png)
![NQM_we say go Non-Qualified Mortgage (Non-QM) loans are the loans that borrowers seek when they cannot qualify for other loans. These mortgages are for non-traditional borrowers such as real estate investors, entrepreneurs, artists, and musicians. Clients who prefer interest-only payments or who get paid in lump sums can also benefit from Non-QM loans.](https://bluepointmtg.com/wp-content/uploads/2022/01/NQM_we-say-go.png)
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
![VA Loans](https://bluepointmtg.com/wp-content/uploads/2022/01/VA-Loans.png)