FirstTrust Home Loans – New Loan Type Update Round 2

FirstTrust Home Loan’s priority is always the customer. We hope to make every borrower feel like family by the end of the home loan process and confident in their purchase or refinance. Whether that be walking you through the initial steps of the loan process, helping you get set up with a realtor who can better assist you find the home you are looking for, filling out a loan application after you have a contract, and showing you step by step as you make your way through the loan process to closing. One thing we will ALWAYS do is make sure you decide on a loan product that fits you and your family’s needs for years to come. What is great about FirstTrust is we are always looking for new loan products to better assist our clients’ growing needs. Our last blog spoke out the Non-Qualifying Mortgage options we are now offering. This week we will highlight the Non-Agency Physician Loan and the Non-Agency Wealth Builder Loan.

Here are some highlights of the Non-Agency Physician Loan –

1. Little to no down payment required, depending on loan size.
2. You can finance up to $1.5 million as your loan amount.
3. This loan is for purchase of primary residence only.
4. No Mortgage Insurance necessary.
5. Adjustable-Rate Mortgage

And here are some highlights of the Non-Agency Wealth Builder Loan Program –

1. Little to no down payment required, depending on loan size.
2. Loan amounts up to $975,000.
3. Program has no income limits
4. Proceeds to be used for primary residence purchase transactions only.
5. Reduced MI options available.
6. Adjustable-Rate Mortgage

These new products may be a great fit for many of our potential customers and we are so excited to be able to offer these at FirstTrust Home Loans. Please reach out to us with any questions regarding loan types offered at FirstTrust Home Loans. It is still a great time to purchase your dream home.

**FirstTrust Home Loans, Inc., NMLS# 75271. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.**