Elite Financial recently rolled out a new and exciting loan program that allows borrowers to put down as little 10.1% for loans up to $1,500,000 or 95% up to $625,000. A lower down payment allows for more leveraging to obtain a home, making the money needed to close much lower.
No mortgage insurance (PMI) is required on the loan up to $1,500,000 which greatly lowers the monthly payment. These loans can be made anywhere in California, on single family, condominiums and town homes. Also ask about interest only options to help lower the monthly payment.
Elite Financial is a mortgage specialist located in the Conejo Valley (Thousand Oaks, Westlake Village, Newbury Park and Agoura Hills). Since 1988 Elite Financial has been assisting home owners and home buyers purchase and refinance home loans and mortgages. In addition to outside the box loans such as stated income, bank statement and asset depletion loans, Elite also offers FHA, VA, Jumbo and conventional financing, including loans for people with low FICO scores or high dept to income ratios.