Loan Programs

The following is a partial list of programs offered by Jet Direct Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 855-553-4732.

Construction Loans

Construction loans typically require interest-only payments during construction and become due upon completion. Completion for homeowners means that the house has its certificate of occupancy.

Construction loans are usually variable-rate loans based off of the prime rate or some other short-term interest rate.

Credit Repair

The fact is there is no quick fix for creditworthiness. We can help you improve your credit report legitimately, but it takes time, a conscious effort, and sticking to a personal debt repayment plan. Talk with us, we can help.

No Ratio Loan for NY and NJ with 720 credit score. 50% LTV for NY and 60% LTV for NJ

30 Year Fixed
15 Year Fixed
5/1 ARM
(Cash out with this program only in NJ)

Jumbo (brokered) up to 3M loan amount. LTV ranges from 80 for 1M to 45 for 3M. Must have 720 credit score

30 Year Fixed
15 Year Fixed
5/1, 7/1, 10/1 ARM

Fannie Mae and Freddie Mac HARP

30 Year Fixed
20 Year Fixed
15 Year Fixed
5/1 ARM

Conforming

30 Year Fixed
20 Year Fixed
15 Year Fixed
5/1, 7/1, 10/1 ARM

FHA 203K

30 Year Fixed
15 Year Fixed
5/1 ARM

FHA and VA Streamline

30 Year Fixed
15 Year Fixed
5/1 ARM

USDA

30 Year Fixed

Refinance Mortgage Loans

Homeowners looking to decrease their interest rate may consider refinancing. A refinance calls for the homeowner to obtain another mortgage loan. Those funds are then used to pay off the original mortgage loan and the homeowner is then bound by the terms of the new mortgage. Depending on your situation a refinance loan could be a great option.

Along with decreasing your interest rate, refinance loans can also help you switch from an ARM to a FRM, and in some cases reduce your loan term.

FHA and VA

FHA loans are private loans insured by the federal government. These loans are popular with borrowers who do not have enough funds to pay a traditional 20 percent down payment because they only require 3-1/2 percent down to qualify. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments.

30 Year Fixed
15 Year Fixed
5/1 arm

Jumbo up to 2M loan amount. 75% LTV max. Must have 720 credit score

30 Year fixed (also have biweekly on this product which gives you a better rate)
15 Year fixed
5/1, 7/1, 10/1 arm

Reverse Mortgage Loans

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 65 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt.

Reverse mortgage loans are great options for seniors looking to increase their monthly incomes. Contact us for more details.