Working With Realtors

realtorThe Money Source offers a full range of loan programs for your clients.  Contact us to work with you.  We are flexible and creative.

FHA Loans in Atlanta, Georgia

For FHA Loans in Atlanta, Georgia contact Money Source. We have the best rates for FHA Loans in Atlanta, Georgia, and Florida. For prequalification on FHA Loans in Atlanta, Georgia or Florida contact info@moneysourceinc.net. We offer both FHA purchases and streamline refinances. If you already have an FHA loan you can take advantage of the streamline refinance program to lower your rate and monthly payment without "Income Qualifying". This means you do not have to furnish tax returns, paystubs, W-2's, or bank statements. In order to qualify for the streamline you can have only one 30-day late payment in the most recent 12 month history. Some of the advantages to using an FHA Loan are as follows:

Low Down Payment - 3%

No Down Payment - 3% Down Payment is contributed to the borrower by a Non Profit Organization

6% Seller Concessions - The seller can contribute up to 6% of the sales price towards the borrower's closing costs and prepaids (prepaid interest and escrow).

Credit - Credit requirements are easier to qualify than conventional loans. Also, if the borrower only has 1 or 2 accounts on their credit report, alternative credit can be used. e.g. utility bill, cable bill, etc

For additional information or current rates on FHA loans contact us at info@moneysourceinc.net.

 

Interest Only Loans in Atlanta, Georgia and Florida

For Interest Only Loans in Atlanta, Georgia or Florida. contact Money Source. Options for an Interest Only Loans in Atlanta, Georgia, and Florida are listed below. For current rates on Interest Only Loans contact a Money Source Consultant at info@moneysourceinc.net. We will help you to determine which program is right for you.

Interest Only Options

1 Month Libor
6 Month Libor
1 Year Libor
3/6 Libor
5/6 Libor
7/6 Libor

All Interest Only Libor Loans are available using Full Income Documentation or Stated Income.

These loans are available in Conforming, Jumbo, and Super Jumbo loan amounts.

SPECIAL FEATURE - With our 3, 5, or 7 Year Fixed Libors, principal can be paid at anytime and the loan balance will recast the following month. This will result in a lower interest payment on the next monthly statement.

15/15 - A unique Interest Only Conforming Loan ( up to $333,700 ) with a fixed rate for 30 years. The initial 15 years are Interest Only and payments are calculated based on a 30 Year Fixed. The remaining 15 years are Principal and Interest payments, based on a 15 year fixed amortization.

For Prequalification on these or other programs please contact info@moneysourceinc.net

No Income Loans in Atlanta, Georgia and Florida

For No Income Loans in Atlanta, Georgia contact Money Source. We have the most options for No Income Loans in Atlanta, Georgia, and Florida. No Income Loans can be structured in several ways which will yield different rates. Contact a Money Source Consultant to determine your best rate from the following programs:

NIV - Income is not verified.

Stated - Income is simply stated and not verified.

Stated/Stated - Both Income and Assets are stated and not verified.

No Ratio - Income is left blank on application.

Nina - No Income Loans or Assets are disclosed.

For Preapproval and a Custom Quotation on No Income Loans, contact info@moneysourceinc.net.

New Home Buyer Loans in Atlanta, Georgia and Florida

For New Home Buyer Loans in Atlanta, Georgia, Money Source is your resource. If you're a new home buyer in Atlanta, Georgia, we have many options to choose from. We offer New Home Buyer Loans in Atlanta, Georgia, and Florida a No Cost Prequalification/Preapproval.

Special programs for New Home Buyer Loans in Atlanta, Georgia, and Florida are as follows:

Conventional and Jumbo Loans

100% Loan - No Money Down
80/20 Combo - 1st and 2nd Mortgages - No Money Down / No Mortgage Insurance
80/20 Combo - Interest Only - Fixed Rate or Adjustable
103% Loan - No Money Down with 3% closing costs financed
95% Loan - 5% Down Payment from Down Payment Assistance Program

Government Loans

FHA 97% Loan - 3% Down / Fixed Rate or Adjustable
FHA 100% Loan - 3% from Down Payment Assistance Program
VA 100% - No Mortgage Insurance

Subprime Loans

100% Loan - No Mortgage Insurance
80/20 Combo - 1st and 2nd Mortgages - No Money Down / No Mortgage Insurance
107% - No Money Down with 7% closing costs financed

For Prequalification on these or other programs please contact info@moneysourceinc.net.

Debt Consolidation Loans in Atlanta, Georgia

For Debt Consolidation Loans in Atlanta, Georgia contact Money Source. Our debt consultants can structure a Debt Consolidation Loan for maximum debt relief. We have many loan options to offer our clients including loans up to 125% of the value of the home (if state permits). Contact a Money Source Consultant at info@moneysourceinc.net to determine which Debt Consolidation Loan program is right for you. We can accommodate credit scores to 500, depending on your LTV. A few of our loan programs are as follows:

Debt Consolidation Loans - 100% - 1 Loan / No Mortgage Insurance.

Debt Consolidation Loans - Combo Loans - These are loans with an 80 % First Mortgage combined with a second mortgage up to 100% of the property value. These loans yield the best rates and avoid Mortgage Insurance.

Debt Consolidation Loans - Cash at Closing - This simply means you will receive a check from closing, to do with as you wish.

Debt Consolidation Loans - Home Equity Line of Credit - This is an adjustable mortgage and can be used as a piggyback loan on the Combo Loan or a Standalone Mortgage.

To determine which Debt Consolidation Loan program can benefit you most, contact us at info@moneysourceinc.net.

 

Self Employed Loans in Atlanta, Georgia, and Florida

For Self Employed Loans in Atlanta, Georgia, and Florida contact Money Source. Options for Self Employed Loans in Atlanta, Georgia, and Florida are below. A rate quote for Self Employed Loans in Atlanta, Georgia and Florida will be furnished by contacting info@moneysourceinc.net.

Programs

Full Documentation - Furnish 2 years Tax Returns with all schedules. Qualifying income will be based on the gross income, less most expense deductions.

Stated income - No Tax Returns submitted. Qualifying income will be based on the income stated on the application and not verified. Interest rates for Stated Income are generally 1/8 of a point higher than Full Documentation. This is usually the best option for Self Employed borrowers. A minimum of 2 years in the same business is required. No IRS 4506 or 8821 forms to sign.

No Ratio - Debt Ratios are not calculated, income is not disclosed or verified.

No Doc - No income, assets, or employment information is declared on the application.

Bank Statements - Income can be calculated from the average deposits into the clients checking account. Tax returns are not furnished. We can accommodate credit scores to 520 Fico.

1 Day Self Employed - A unique loan that is Stated Income and only requires that the business exists, and the borrower has at least a 2 year prior work history in the same field as their new business. A 10% Down Payment is required. Maximum loan amount is $333,700.

Your Money Source Consultant will help determine which program is best for you. Contact us at info@moneysourceinc.net for these and other programs.