Product Overview

A Loan Product to Fit Your Borrower's Financial Situation or Goals

Give us a call to find out how we can meet your clients' needs.

 

Low Income
Low Down
Low Score
  • FICO scores down to 580 (500 with 10% down)
  • Down payment requirement for Conventional down to 3% and 3.5% FHA with 0% down on USDA and VA
  • Down payment and closing cost assistance programs: Gift/Grants, Forgivable Community Seconds and seconds that are accepted for down payment and closing cost.
Self-Employed
  • Bank statement—show income with bank statement for non-W2 borrowers. Personal and business bank statements accepted.
Recent Derogatory
  • Borrowers with recent foreclosures or bankruptcy. As early as one day seasoning.
Project—Additions and minor to major updates to full-blown build
  • Renovation—Conventional Homestyle & FHA 203K (low down payment)
  • Construction—Ground-up build (Conventional, FHA, VA, USDA, Jumbo) 2x closing and 1x
  • Fix 'n' Flip—Short financing or balloon for investor
Investment
  • Income from the property used for income qualifying
  • Airbnb & VRBO
  • Mixed-use or multi-family properties
Heavy Assets
  • Asset Depletion—Assets considered to show the potential to pay back the loan to supplement income calculations.
Ready for Retirement
  • Reverse—No mortgage payment, must be 62 (60 with some new products). Borrower can move closer to their family, downsize, use the funds to purchase and fix up a home, or move into their dream home without the required monthly burden.
Tied-up Equity
  • HELOC's, Bridge and Cross Collateral. get the borrower access to their equity before the sale of their current home to get them into their new home.
Foreign Borrowers
  • Full foreign national product for borrowers with legal residency
  • DACA
  • ITIN
Jumbo—$1 over conforming & up
  • Borrowers looking to purchase homes over the conforming limits into the mutli-millions
Rural Residential & Hobby Farm
  • Properties with the potential to be income producing. Large acreage without buildings. Leased properties. Properties that don't have many comps in their area.
Manufactured Homes
  • Purchase and place new construction, homes that have been moved more than once, single-wide and older than 1976.
Commercial Property
  • Office space or large shops, business purchase of property that doesn't qualify for traditional financing due to business type.

Mann Mortgage

Dallas Fort Worth Metro Area

NMLS #2550

Direct: (214) 347-4381

TRIED | TRUSTED | PROVEN

Mann Mortgage, LLC

10000 North Central Expressway Suite 406

Dallas, TX 75231

 


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