Financing with ASF Mortgage

We are a fully licensed mortgage company.  We offer many creative mortgage solutions to help you purchase a home.

Many of the buyers we speak to think they can’t qualify for traditional bank financing, but often they can.  We put our borrowers into the best loan that you qualify for.

We have an extensive mortgage product line that allow our aggressive underwriters allow us to say YES.  If you are interested in seller financing, we will review your situation to determine if we can get you into financing that will provide you with more home buying options, maybe one of our portfolio products or our U-pick seller financing program.  Many applicants are surprised when we tell them we have approved them for traditional financing when they assumed seller financing was their only solution. 

One application is all it takes to put you into the program that fits your needs.

 

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Many Financing Options to Suit Your Needs

 

Conventional Loans

• Loans offering traditional financing to borrowers with 620+ credit

• Loans available with minimal down payment requirements.

FHA and VA Loans

Easy to qualify loans if credit has been good for the past 12 months.

• 580+ credit score = 3.5% down payment.

• 500-579 credit score = 10% down payment.

• VA loans = 0 down payment (must be a veteran).

Bank Statement Loans

• Use deposits made into your bank account as income instead of tax returns.

Bank Statement Program Key Features:

• Provide 12 or 24 months personal or business bank statements.

• No tax returns required.

• Up to 90% LTV (No MI) with 760+ credit score, loan amounts to $2.5Million.

• Up to 70% LTV, 580 credit score, loan amounts to $749,999.

• 580 minimum credit score 1-2 years seasoning for foreclosure, short sales, bankruptcy, deed in lieu.

• Available for Owner occupied, 2nd homes, investment properties.

• Second homes eligible up to 80% LTV.

• Non-warrantable condos permitted.

• Cash out to 75% LTV.

This is a mortgage loan is for borrowers who don't claim enough income on their personal tax returns to qualify for a mortgage.  The deposits into a business or personal bank account are used as income.  The deposits are averaged to determine a monthly income that can be used to calculate the buyer's ability to qualify for a home mortgage.

These loans are great for individuals who generate a good income but don't claim all the income on their taxes, have a lot of write offs or simply haven't filed tax returns.

Seller Financing Program

• Homes offering seller financing in the MLS (use our expertise to negotiate terms)

• "Off-Market" properties.

• U-pick seller financing program to purchase ANY home in MLS with seller financing.

Hard Money

• Get a mortgage based solely on the equity in the property (20-30% down payment)

Investor Loans

• Traditional investor loans with 20% down payment.

• Investor loans based ONLY on the cash flow of the property - no income verified.

• Private money loans.

• Investor partnership opportunities with U-pick seller financing program.

We make qualifying easy with creative programs making ownership possible.

 

*Note: You are leaving the ASF website to create a mortgage
account and apply for financing.

 

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