Loan Options

The right home loan starts with understanding your unique needs and financial story—let us guide you every step of the way.

Below, you’ll find an overview of some of our many more common programs. This section is meant to be informative, offering just a glimpse into what’s possible. Every situation is different, and our team is here to help you explore all your options in detail.

Fha Loans

• Low down payment mortgage solution with expanded financing options

• Up to 101.5% CLTV available for qualified borrowers

• First-time homebuyer status not required

• No income restrictions

• Flexible credit and qualification guidelines

• May allow financing beyond the home's purchase price when paired with eligible assistance programs

• Ideal for buyers seeking increased purchasing power and reduced out-of-pocket costs

 

Conventional Loans

A popular choice for borrowers with strong credit profiles and stable reported tax income

• Offers some of the most competitive interest rates available

• Multiple loan term options to fit different financial goals

• Ideal for borrowers who qualify through traditional income documentation

• Flexible financing for primary residences, second homes, and investment properties

 

 

Bank Statement Loans

Designed primarily for self-employed borrowers

• Uses bank statement deposits to verify income instead of traditional tax returns

• Ideal for individuals who write off significant expenses or report lower taxable income

• Evaluates cash flow based on consistent business or personal bank deposits

• Flexible solution for business owners, contractors, and entrepreneurs

• Generally offers higher loan-to-value (LTV) options compared to many other non-QM mortgage programs, depending on certain factors.

 

Profit and Loss Loans

• Designed Primarily for self-employed borrowers

• Qualify using a CPA-certified Profit & Loss (P&L) statement

• Alternative to traditional income verification and bank statement programs

• Income is evaluated based on your business's overall financial performance

• Ideal for Person whose income may not be fully reflected through monthly bank deposits

• Allows qualification using professionally reviewed accounting records

• Secure Step Mortgage can connect you with a CPA to review and certify your financials

 

Asset Based Loans

• Designed for high-net-worth individuals with substantial liquid assets

• Qualify for a mortgage using eligible liquid assets as a source of income

• Ideal for borrowers whose wealth is not fully reflected through traditional monthly income

• Provides an alternative to conventional income-based mortgage qualification

• Leverage cash, investment accounts, and other qualifying assets to strengthen your application

DSCR / Rental Loans
Widely used by foreign national borrowers and real estate investors

• Designed Primarily for real estate investors and rental property acquisitions

• DSCR (Debt Service Coverage Ratio) loans qualify based on the property’s rental income rather than personal income

• Minimal documentation required, helping to streamline the investment process

• Popular option for domestic investors as well as foreign national borrowers

• Typically requires higher down payments compared to traditional mortgage programs

• No-ratio DSCR option also available, allowing qualification without meeting a minimum DSCR requirement based on rental income

• Provides flexibility for properties that may not meet standard DSCR thresholds

• Loan terms and interest rates may vary from No-Ratio DSCR to Reg DSCR but both for rentals.

True Private Money

• Designed for borrowers with Distressed financial profiles

• Focus on strong equity positions and low loan-to-value (LTV) rather than traditional income or credit requirements

• Ideal for unique situations, investment opportunities, or time-sensitive transactions requiring quick closings

• Commonly used as a “bailout” or can be a short-term solution for borrowers needing fast access to capital

• Credit history is typically not weighted, whatsoever for approval even after challenges such as past foreclosures or bankruptcies

• Emphasis is placed on property value, equity, and exit strategy rather than personal financial documentation

• Flexible underwriting focused on collateral strength rather than credit score or income verification

• Suitable for borrowers needing fast, asset-based financing solutions

Hard Money Options

•  Real estate loans secured by property, designed for investment use

• Focus on investment potential, quick closings, short holding periods, and bailouts

• Commonly used by investors for acquisitions, renovations, construction, and portfolio expansion

• Flexible financing solutions for non-traditional or time-sensitive transactions

• Ground-Up Construction Loans – Financing for building new properties from the ground up

• Fix and Flip Loans – Short-term funding for purchasing, renovating, and reselling properties for profit

• Bridge Loans – Temporary financing used to “bridge” the gap between buying and selling or transitioning financing

• Portfolio Loans – Financing that allows multiple properties to be held under one loan structure for investors.....ETC

Worried About Finding the Right Rate and Structure?

At Secure Step Mortgage, we understand your concerns and are committed to providing transparent communication, expert guidance, and some of the most competitive rates in the market.

By leveraging our relationships with over 70 investors, we do the shopping for you and strategically structure your loan to match your needs. Our loan officers work diligently to secure the best possible terms while maximizing your qualification potential, ensuring a smooth and confident lending experience from start to finish.

Expert Guidance

 

Navigating the complexities of mortgage options requires true expertise. At Secure Step Mortgage, our team of knowledgeable loan officers—equipped with the most up-to-date information and investor-level insight—provides personalized guidance tailored to your situation.

We help you clearly understand each program and identify the option that best aligns with your financial goals. Above all, we prioritize clarity and transparency, ensuring you feel informed, supported, and confident every step of the way.

 

 

 

Ready to Get Started?

Take the first step towards securing your dream home. Schedule a consultation with Secure Step Mortgage today and let us help you explore your mortgage options, understand the process, and secure the best possible rate. We're dedicated to providing exceptional customer service and delivering results.