Build Your Financial Foundation

GMCC $10K Grant Program

• Grant Amount: Up to $10,000 (CA, GA, MA, NC, SC).
• Repayment: Not a lien, not a government grant, no repayment required.
• Income Limits: Subject to median family income (MFI); up to 150% of MFI—can be 200% if both first-generation buyer AND majority/minority area.
• Eligibility:
  • Must be for a purchase (not refinance)
  • Owner-occupied only
  • Does not require first-time homebuyer status, but cannot own any other property at closing.
  • Minimum $500 contribution; 2 months reserve.
  • Available in specific counties/majority-minority census tracts or low-moderate income areas.
• Loan Types: Conforming, FHA, and community opportunity programs only.

Celebrity CRA (Community Reinvestment Act) Special

• Purpose: Low down payment purchase plus down payment assistance.
• Loan Highlights:
  • 0% Down, No Mortgage Insurance (MI): Max loan $806,500 (min. credit: 660)
  • 5% Down, No MI: Max $1,209,750 in high-cost areas (min. credit: 680)
  • Down Payment Assistance: Forgivable second loan (5-year term)
  • Borrower Contribution: Minimum $500; 2 months reserve
  • MFI Limits: Same as $10K Grant
    • Up to 150% of MFI, 200% if both first generation and majority/minority area
  • Not limited to first-time homebuyers, but cannot hold another property at closing.
  • Conforming & high balance loans OK.
  • Selected counties in CA, MA, NC, SC, VA (many in Bay Area & Southern CA)

Celebrity DPA Second Loan

• Amount: Up to $15,000
• Interest/Payments: 0% interest, $0 monthly payments, 100% forgivable after 5 years (20% reported annually to IRS)
• Eligibility:
  • No first-time homebuyer requirement, but must NOT own property at closing.
  • Use for down payment, closing costs, prepaid expenses.
  • 1–4 unit primary residence, condos/PUDs.
  • Income limits by census tract (see grant program for tiers).
  • Must have standard agency first lien; MI required.
  • Can be subordinated for a rate/term refinance.

Jumbo Express Programs

• Loan Amounts: $350,000–$10,000,000 (varies by product)
• LTV/Credit Scores:
  • Up to 89.9% LTV (min. 740 FICO, no MI)
  • 85% LTV (min. 700 FICO, no MI)
  • Lower LTV available with lower scores.
• Features:
  • Up to 55% DTI (select programs)
  • Standard & alternative income documentation
  • Unlimited financed properties allowed
  • No landlord history required for rental income qualification
  • Gift funds and living rent-free OK

Thunder Jumbo Program

• Eligible States: CA, ID, TX
• Loan Amounts: $807,000–$8,000,000
• LTV: Up to 80%
• DTI: Up to 45%
• Options: Fixed and ARM (3/6, 5/5, 7/6, 10/6)
• Credit: Min. 680 for amortized, 740 for interest only
• Properties: SFR and condo, primary or second home

Amazing Conforming & Jumbo (ARM Option)

• Loan Amounts: $300,000–$1,500,000
• LTV: Up to 80% (purchase/rate-term), 75% (cash-out)
• DTI: Up to 45%
• Min. Score: 700
• ARM: 5/6 ARM, index SOFR

Fabulous Jumbo (Florida Only)

• Loan Amount: Up to $1,000,000
• LTV: Up to 75%
• Min. Score: 700
• DTI: Up to 45%
• Properties: Primary or second homes, selected FL counties

No Income/No Employment/No DTI Programs

• LTV: Up to 70% (primary or second home, investment)
• Loan Amount: Up to $2,000,000 (exceptions possible)
• Min. Score: 680
• Features: No ratio required, no reserves (w/2.5% down), no sourcing of large deposits (with 30% down), rental financing (DSCR), short-term rentals eligible in 49 states.

Hermes (Alternative Documentation; CA, 2-4 units)

• Loan Amount: $150,000–$3,000,000 (CA)
• LTV: Up to 75%
• Min. Score: 700
• Income Doc: Verbal VOE, CPA/borrower-prepared P&L, no tax return/4506/W-2/paycheck needed.

Bank Statement Program (Mercury)

• Loan Amounts: Up to $3,000,000
• LTV: Up to 90% (no MI)
• Docs: 1 year self-employment accepted, bank statements for income
• Min. Score: 680
• **First time homebuyer allowed, including DACA, EAD, asylum applicants

Ocean - Simplified P&L for Self-Employed (CA, TX, NV)

• Loan Amount: Up to $2,000,000
• LTV: Max 70% (primary, 2nd), 65% (investment)
• Docs: Borrower-prepared P&L, 2-year business license, CPA letter
• Min. Score: 680

DSCR & Non-QM Rental/Investor Loans

• No Ratio/No DSCR possible
• Loan Amount: Up to $4,000,000 (by exception, up to 8 units)
• LTV: Up to 75% LTV
• **No income or employment needed
• **Short-term rentals/first-time investors allowed.

Asset Qualifying Program

• Loan Amount: Up to $2,000,000
• LTV: Up to 80%
• Min. Score: 700 (primary), 720 (2nd home)
• Qualifying assets averaged over 60 months (seasoning: 6 months)

Temporary Buydowns (2-1, 3-2-1 Options)

• 2-1 Buydown Example (for $500,000 loan @6.5% 30-year fixed):
  • Year 1: 4.5%, $2,533/mo (save $617/mo)
  • Year 2: 5.5%, $2,839/mo (save $311/mo)
  • Year 3+: 6.5%, $3,150/mo
• Funded by seller, builder, or lender credit, held in escrow.

GMCC Massive