CHARMAINE ROBERTS & ASSOCIATES, LLC
Real Estate and Home Loan Consulting

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Charmaine Roberts and Associates LLC offers a wide variety of niche loan programs to meet your needs. We work with the leading lenders in the industry to provide the most competitive loan products for our clients with excellent credit scores and our clients with scores down to 500. Below are SOME of the products we offer thru our portfolio of lenders. Apply online or contact me to discuss your unique needs.
 
FICO as low as 500 with 10% Down
100% Financing VA loan down to 500 FICO
Jumbo Loans with No FICO or with FICO as low as 500
3.5% Down Conventional
Investor Cash Flow
Recent Housing Event
Portfolio Select
Non Prime Program
Bank Statement Program
Investment Property Program
Foreign National Program
Recent Bankruptcy
Recent Short Sale, Deed in Lieu or Foreclosure
Home Possible Advantage
The Big and Easy Plus
Second Mortgages
Low Loan Amount
More Niche Options

FICO as low as 500 with 10% Down
Fixed Rate and Adjustable Rate Mortgages available. Nontraditional Credit Sources allowed for insufficient credit or no credit score. 10,15,20,25,30 fixed amortization and 3/1, 5/1 ARM to choose from.

Term: 30 years   Maximum Amount: $1,000,000

100% Financing VA loan down to 500 FICO
Fixed and ARM products available. Eligible properties are 1-4 Units, Warrantable Condo, PUD and Townhomes.

Jumbo Loans with No FICO or with FICO as low as 500
Loan amounts up to $2,000,000. No Mortgage Insurance. Interest Only option. 20,25 and 30 year fixed amortization available. 10% down for FICO scores 500-549 and 3.5% down with minimum 550 FICO. No Seasoning for foreclosure,short sale or bankruptcy. 24 month personal bank statement program for self-employed borrowers. Owner-occupied, second homes and investment properties ok.
 

3.5% Down Conventional
Purchases up to 97% Refinances up to 95% LTV, regardless of current mortgage program Reduced Mortgage Insurance High Balance available Relaxed AMI income limits based on census tracts Gift funds eligible for entire down payment

Investor Cash Flow
Qualification based on property cash flow No personal income used to qualify. Credit scores starting at 660. Up to 70% LTV. 1-4 units and condominiums. Loans up to $1 million. No limit on total number of properties

Recent Housing Event
1 day out of short sale or foreclosure Credit scores starting at 500 Up to 80% LTV Up to 50% DTI Bank statement program for self-employed borrowers Loans up to $1 million Owner-occupied and second homes No pre-pay penalty

Portfolio Select
Credit scores starting at 640 24 months seasoning for foreclosure, short sale, BK Up to 80% LTV – Combo loans up to 90% CLTV Loans up to $2 million Bank statement program for self-employed borrowers Owner-occ, second homes, and investment properties No pre-pay penalty for owner-occ and second homes Cash-out available – $500,000 maximum

Non Prime Program
Credit scores starting at 500 No seasoning for foreclosure, short sale, BK Up to 80% LTV – Combo loans up to 85% CLTV Bank statement program for self-employed borrowers Loans up to $1 million Non-warrantable condominiums Owner-occ, second homes, and investment properties No pre-pay penalty for owner-occ and second homes

Bank Statement Program
Credit scores starting at 660 Up to 80% LTV 24 months personal bank statements 3 years seasoning on short sale or foreclosure Loans up to $2 million Owner-occupied, 2nd homes and investment properties No tax returns required

Investment Property Program
Credit scores starting at 560 Up to 80% LTV; up to 50% DTI Full doc or alt-doc available Income based on subject property cash flow Bank statement program for self-employed borrowers Loans up to $1 million Single family, townhouses, 2-4 units, condominiums No maximum properties financed; Properties in LLC

Foreign National Program
Non-US credit accepted Up to 75% LTV Up to 50% DTI Single family, townhouses, condominiums, 2-4 units Loans up to $750,000 Second homes and investment properties

Recent Bankruptcy
Chapter 7: No seasoning with foreclosure completed event. Chapter 13: No seasoning paid as agreed Up to 80% LTV; up to 50% DTI Credit scores down to 500 Bank Statement Program for self employed borrowers. Loans up to $1 million

Recent Short Sale, Deed in Lieu or Foreclosure
1 day out of foreclosure, short sale or deed-in-lieu Up to 80% LTV Up to 50% DTI Credit scores down to 500 Non-warrantable condos OK Bank Statement Program for self-employed borrowers Loans up to $2 million

Home Possible Advantage
A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Up to 97% LTV First time homebuyers, move-up borrowers, and retirees Refinances up to 97% LTV, regardless of current mortgage program No income limits for Underserved Areas No reserve requirements for 1-unit properties Gift funds eligible for entire down payment

The Big and Easy Plus
A non-agency loan that makes sense! Accommodating borrowers that don’t fit QM. DTI range of 43.01% – 50.00% Loan amounts from $300,000 – $2,000,000 700+ FICO Both primary and secondary homes allowed Cash-out loans available LTVs as high as 80%

Second Mortgages
Up to 85% CLTV Down to 600 Fico No Seasoning on Short Sales One Year Seasoning for Foreclosure’s & BK’s 50% DTI 30 Year Amortization 7/1 Hybrid Arm 15 Year Fixed No Balloons Up to $1 million Combined Loan Balance

Low Loan Amount
$25,000 Minimum Fico as low as 580 with maximum 70% LTV Investment, second home, multi family and vacant land ok.

More Niche Options
1 Day out of foreclosure, short sale, deed-in-lieu, bankruptcy Up to 80% LTV; up to 50% DTI Combo loans up to 90% CLTV Credit scores as low as 500 (including jumbo loans) Mortgage lates last 12 months OK Non-warrantable condos OK 100% gift funds allowed Foreign National program up to 75% LTV No pre-pay penalty on owner-occupied or second home Bank statement program for self-employed borrowers No maximum properties financed – can close in LLC Investment property can use subject cash flow for income Asset depletion available – can use assets for income Loans up to $2 million