Loan Programs
Homestyle Renovation
Purchase or refinance option for any renovation project such as design updates or improvements, and even renovating accessory units like in-law suites or basement apartments. HomeStyle Renovation is a conventional mortgage that lets borrowers finance improvements, renovations or repairs to a home at the time of purchase or as a refinance transaction—up to 75% of the as-completed appraised value of the property.*
*The limit on eligible renovation funds is up to 75% of the lesser of the purchase price plus renovation costs, or the “as-completed” appraised value for purchase transactions; and 75% of the “as-completed” appraised value for refinance transactions. For manufactured housing, the eligible renovation funds capped at the lesser of $50,000 or 50% of the “as-completed” appraised value. HomeStyle and HomeReady are registered trademarks of Fannie Mae.
Portfolio
Credit Unions can help you with a home loan that fits your needs. Credit Unions understand that loans are more about the person than the numbers; having a lower credit score or previous foreclosure doesn't have to be something that will automatically disqualify you. Qualifying is easier than you think and FocusOne can help.
100% Financing
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Purchase transactions only
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No down payment required
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3% seller contribution allowed
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Primary residence one unit, SF and condo only
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30 year term, fixed rate or 5 year ARM only
Bank Statement Program
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Conforming products only
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Purchase or rate & term refinancing only
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No mortgage insurance
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Primary residence one unit, SF and condo only
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24 months of bank statements required
Purchase-Plus Improvement Loans
With Purchase-Plus Improvement loans you can borrow more than the sales price* of your new home to update the interior, get a new pool or the outdoor kitchen you've always wanted. We can help make your dreams into a reality.
*Apprisal value must support purchase plus improvements.
Refi-Plus Renovation Loans
With our Refinance-Plus Renovation loans you have the opportunity to include a new pool, outdoor living or kitchen areas, interior kitchens, baths and flooring to be funded as part of the refinance of your existing loan without it being considered a Texas Cash-Out and up to a maximum LTV of 95% of appraised value*.
*Primary residences only. Rules and restrictions apply. Please contact a FocusOne Representative for more informaiton.
HomeReady® by Fannie Mae
For those first time home buyers with modest savings, HomeReady mortgage can be a great option. Thanks to features like a low down payment, cancellable mortgage insurance* and more, homeownership can be affordable. Ask us if HomeReady mortgage is right for you. Find out more at MyHomeReady.com.
*Restrictions apply.
FHA Home Loans
The FHA Home Loan Program is a government insured mortgaged, allowing low down payment options for purchase and refinance transactions. These loans are a great option for first-time homebuyers with less than perfect credit.
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Fixed and ARM options available
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Gift and sellers contributions allowed
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580 minimum FICO required (additional conditions may apply)
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Purchase and refinance options available
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HUD REO financing available
Cash Out Refinance Loans
As a homeowner, you can use your home's equity to leverage the value you've built through years of mortgage payments.
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Consolidate Debt and Reduce your outgoing cash flow
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Take a Vacation
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Home Improvement
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Pay for college tuition and Expenses
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Emergency Expenses
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Wedding Expenses
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Investment Opportunities
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Business Expenses
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Retirement Income