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Loan Programs

Find The Right Home Loan
For Your Needs

At HMAC Team Voltage Mortgages we separate ourselves from other mortgage lenders by offering exceptional customer service and a broad selection of home financing products. From loans for first-time homebuyers to refinance programs for accessing your home’s equity, HMAC Team Voltage Mortgages can help you achieve your goals.

. . . at your fingertips.

Where do I start?

First, ask yourself what your home financing goal is. Are you:

Buying a home: We are committed to helping consumers  on financial choices. There are many options to choose from depending on your situation. Visit our Buy a Home page or view our purchase programs below.

Refinancing: If you currently have a mortgage and your goal is to possibly lower your existing mortgage payments, acquire better terms or consolidate your debt, visit our Refinance page or view our refinance programs below.

Using your home equity: Your home is an important asset. Making payments on your mortgage builds home equity which can then be borrowed against for home improvements, college tuition and retirement.

Specialized Loan Programs

Below are listings of Loan programs that we specialized. Should you have any questions, don’t hesitate to contact us. We’ll be happy to walk you through our home loans and the financing process.

FHA Program

  • MIP
  • UFMIP
  • LTV 96.5
  • Full Docs
  • Min Fico 600
  • Primary, 2nd Home, Investment, Condo, Townhome, 2-4 Units

Conventional Program

  • PMI
  • LTV 95
  • Full Docs
  • Min Fico 620
  • Primary, 2nd Home, Investment, Condo, Townhome, 2-4 Units

12-24 Bank Statement Loan Programs

  • LTV 90
  • Min Fico 620
  • No Private Mortgage Insurance
  • Primary, 2nd Home, Investment, Condo, Townhome, 2-4 Units

Jumbo Purchase Program

  • 1-Unit Primary Owner-Occupied
  • No Private Mortgage Insurance
  • Up to $1,500,000 LTV 90% FICO 700
  • 6 months Reserves
  • Up to $2,500,000 LTV 85% FICO 720
  • 15 months Reserves
  • Up to $3,000,000 LTV 75% FICO 740
  • 24 months Reserves
  • 2-Unit Owner Occupied
  • No Private Mortgage Insurance
  • Up to $2,000,000 LTV 70% FICO 720
  • 15 months Reserves
  • 1-Unit Second Home
  • No Private Mortgage Insurance
  • Up to $1,500,000 LTV 80% 720
  • 12 months Reserves
  • Up to $2,000,000 LTV 75% FICO 720
  • 18 months Reserves
  • Up to $2,500,000 LTV 70% FICO 720
  • 24 months Reserves
  • 1-Unit Investment
  • No Private Mortgage Insurance
  • Up to $1,000,000 LTV 70% FICO 720
  • 18 months Reserves
  • Up to $1,500,000 LTV 70% FICO 740
  • 24 months Reserves
  • Up to $2,000,000 LTV 70% FICO 760
  • 24 months Reserves
  • Up to $2,000,000 LTV 60% FICO 740
  • 24 months Reserves
  • 2-4 Unit Investment
  • No Private Mortgage Insurance
  • Up to $1,000,000 LTV 65% FICO 720
  • 18 months Reserves
  • Up to $1,500,000 LTV 65% FICO 740
  • 24 months Reserves
  • Up to $2,000,000 LTV 65% FICO 760
  • 24 months Reserves
  • Up to $2,000,000 LTV 60% FICO 740
  • 24 months Reserves

Jumbo Cash Out Program

  • 1-Unit Primary Owner-Occupied
  • No Private Mortgage Insurance
  • Up to $2,000,000 Max Cash Out $350,000
  • $2,500,000 Max Cash Out $500,000
  • 1 Unit Second Home
  • No Private Mortgage Insurance
  • Up to $2,500,000 Max Cash Out $350,000
  • Primary, 2nd Home, Investment, Condo, Townhome, 2-4 Units

Debt Service Coverage Ratio (Investor)

  • DL
  • SS Card
  • No ATR (ability to repay)
  • Up to $2M Purchase/R&T
  • LTV 75 w/ Fico 740
  • LTV 70 w/ Fico 700
  • 6 months reserves
  • Up to $2M Cash Out Refi
  • $500,000 max cash out
  • LTV 70 w/ Fico 720
  • 6 months reserves
  • Non-Warrantable Condos are Eligible
  • If property in declining market max LTV is reduced by 5%
  • Properties listed for sale less than 6 months not permitted
  • Qualifications based on Cash Flow of Investment property

Asset Depletion

  • DL
  • SS Card
  • Liquid assets include cash in checking/saving, Roth IRA, 403B, Mutual Funds/Stocks/Bonds, cash value insurance, 401k, U.S. Government Receivables (T-Bills, Treasuries) etc
  • 12 months of bank statements
  • Account statements, fund statements
  • Cash Value assets must be 115% or greater than loan amount

New Start Program

  • Full Doc Only
  • LTVs up to 80%
  • Credit scores starting at 660
  • Purchase and Rate/Term
  • Loan Amounts up to $1 million
  • Up to 50% DTI with as little as 3 months Reserves
  • Eligible for Cash Out Refinance with Max Cash Out of $350,000
  • Fixed and Adjustable Rate Options Available
  • Significant Derogatory Credit Events Permitted up to Application Date
  • Housing Payments may be 60 Days Late in Prior 12 Months
  • Eligible for Primary and Second Homes

1 Year Tax Return – Wage Earners Borrowers

  • DL
  • SS Card
  • 4506 T
  • 1-year W2 or 1099
  • Last 2 paystubs
  • Last 2 months banks statements

1 Year Tax Return - Self-Employed Borrowers

  • DL
  • SS Card
  • 1 year personal or business tax returns w/ Schedule K-2’s
  • Prepared P&L covering time period since last tax filing (interest, dividends, capitals gain, etc not permitted as qualifying income)
  • If P&L covers more than 9 months, 3 month bank statements are required to validate continue positive cash flow of business
  • P&L monthly income limited to + 15% of the monthly tax return income
  • Borrower qualified on lower of:
    1. Monthly avg of net income form tax return and P&L or
    2. Monthly net income from tax return multiplied by 115%
  • Minimum of 2 years business has been established with CPA/Tax Professional letter
  • Self-employed Borrower income in a licensed profession (i.e., Medical, Legal, Accounting) can be less than 2 years but greater than 1 year establishment if Borrower has 2 year of documented previous experience in same profession or formal education in same field

USDA

  • DL
  • SS Card
  • FICO 620
  • 100% Financing
  • 30 Year Fixed only
  • Must occupy as Primary Residence
  • Meet income-eligibility (cannot exceed 115% of median household income
  • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
  • Rural area of 35,000 or less population
  • Detached, attached, Condos, PUDs, Modular, or Manufactured

VA

  • DL
  • SS Card
  • FICO 600
  • COE
  • 100% Financing
  • No Private Mortgage Insurance
  • Non-Veteran Co-Borrower Allowed

Home Ready

  • DL
  • SS Card
  • FICO 620
  • LTV 97%
  • Fannie Mae
  • Qualified borrowers whose income does not exceed 50% or 80% of area median income (AMI)
  • Only single-unit, owner occupied primary residences are allowed. Occupant and non-occupant borrower(s) may have an ownership interest in other residential property at the time of closing
  • Public servants (police, firefighters, health care workers, teachers, etc.) and military personnel may access special flexibilities, such as use of overtime and part-time income to qualify
  • Single-family homes of one- to four-units, condominiums, townhomes, and planned unit developments are allowed. Manufactured housing mortgages are allowed with an LTV up to 95 percent
  • Special assistance for persons with disabilities: HomeReady incorporates many underwriting flexibilities for persons with disabilities, such as using a nonresident co-borrower, and offers them to any borrower
  • Down payment sources: Allowable sources include gifts, grants, Community Seconds®,16 and cash on hand. There is no minimum requirement from the borrower’s own funds
  • HomeReady features a reduced mortgage insurance (MI) coverage requirement for loans above 90 percent LTV

Home Possible

  • DL
  • SS Card
  • FICO 620
  • LTV 97%
  • Freddie Mac Conventional
  • Qualified borrowers whose income does not exceed 50% or 80% of area median income (AMI)
  • Non-occupying borrowers are permitted on one-unit properties
  • Non-occupying borrowers is included in the AMI calculation
  • Borrower can own other financed residential property
  • Rental income from a one-unit primary residence can account for up to 30 percent of qualifying income
  • 1-4 units, condos and planned-unit developments; manufactured homes are eligible with certain restrictions
  • Home Possible mortgage cannot be a cash-out refinance mortgage
  • MI coverage requirements are reduced for LTV ratios above 90%

All-In-One Program

  • LTV
  • Min Fico 700
  • Libor plus Index
  • Mortgage & HELOC Combined
  • Not designed for Buyers living check to check
  • Designed to Payoff Mortgage In Less Than 15 Years
  • Designed for Buyers with excessive cash above monthly expenses
  • Primary, 2nd Home, Investment, Condo, Townhome, 2-4 Units

Verification of Employment ONLY (VOE)

  • FHA Loan
  • O/O Only
  • Min Fico 640
  • LTV 80 Cash Out
  • LTV 96.5 Purchase
  • LTV 97.7 Rate & Term
  • Minimum Loan Amount $50,000
  • Wage Earners Only not for Entrepreneurs
  • Non‐Arms Length Transactions not allowed
  • Departing Residence Income not allowed
  • Downpayment Assistance Programs not allowed
  • Must have been on the Job for a Min of 2 Years
  • Verbally tell your Loan Officer how much you earn monthly
  • Employment & Earnings Verified through Work Number Only
  • Manual Underwrites and downgrades not allowed
  • Self‐Employed and Investment Income Not Allowed

ITIN Program with No Fico

  • LTV 75
  • No Cash Out
  • DTI Max 50%
  • No Credit Score
  • 3 Months Reserves
  • Min Loan Amount $150k
  • Max Loan Amount $1.5M

ITIN Program with Fico

  • Fico 700 LTV 85 Purchase
  • Fico 700 LTV 75 Cash Out
  • Fico 660 LTV 80 Purchase
  • Fico 660 LTV 75 Cash Out
  • Fico 620 LTV 75 Purchase
  • Fico 620 LTV 70 Cash Out
  • Fico 600 LTV 75 Purchase
  • Min Loan Amount $150k
  • Max Loan Amount $1.5M
  • Max Cash Out $500k
  • 3 Months Reserves
  • DTI Max 50%

2nd Chance Program

  • Bankruptcy
    (Seasoning)

    •  24 months for Chapters 7 & 11 (from discharge or dismissal date)
    •  One day + after discharge for Chapter 13 *Dismissal of Chapter 13 requires 24 months seasoning from date of dismissal
  • Foreclosure, Short Sale, Deed-In-Lieu
    (Seasoning)

    • 24 months
  • DTI Max 50%
  • Call for Details

Specialty Program Purchase (Slightly Higher Interest Rates)

    • Fico 580
    • FHA Loan
    • LTV 96.5
    • Purchase O/O
    • Single Family Detached Single Family Attached 2–4 Unit Detached/Attached Planned Unit Developments FHA Project Approved Low‐rise and High‐rise Condominiums (including manufactured homes zoned as a condo) Rural Properties Manufactured Homes (if located in flood zone ‐ subject to elevation certification)

Specialty Program Rate & Term (Slightly Higher Interest Rates)

  • Fico 580
  • FHA Loan
  • LTV 97.5
  • Rate & Term O/O
  • Single Family Detached Single Family Attached 2–4 Unit Detached/Attached Planned Unit Developments FHA Project Approved Low‐rise and High‐rise Condominiums (including manufactured homes zoned as a condo) Rural Properties Manufactured Homes (if located in flood zone ‐ subject to elevation certification)

Specialty Program Cash Out (Slightly Higher Interest Rates)

  • Fico 580
  • FHA Loan
  • LTV 80
  • Cash Out O/O
  • Single Family Detached Single Family Attached 2–4 Unit Detached/Attached Planned Unit Developments FHA Project Approved Low‐rise and High‐rise Condominiums (including manufactured homes zoned as a condo) Rural Properties Manufactured Homes (if located in flood zone ‐ subject to elevation certification)

Can't find the loan program you need?

Related Information

HMAC Team Voltage Mortgages offers both Fixed Rate & Adjustable Rate mortgages in a variety of terms . . .

A home equity line of credit (HELOC) offers a flexible way to borrow funds. Click here to read more.

A significant part of the home buying process is saving up for a down payment. How much is right . . .

Guessing your mortgage rate? We can help you!

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