Financing Intelligence
Mortgage Solutions
Compare home purchase, refinance, equity and investment financing options—then use Alfred to narrow the field.
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DIRECT PRE-APPROVAL PATHWAY
In DeploymentDirect Mortgage Placement Coming Soon
Terms Real Estate currently provides mortgage education, pathway guidance, and scenario intake. Direct lender assignment and pre-approval routing are being finalized.
Notice: Terms Real Estate does not directly underwrite or approve mortgage loans.
Licensed Loan Officer
NMLS ID •••••• (NMLS #pending)
Michigan Residential Lending
Direct Pre-Approval AUSFannie Mae / Freddie Mac
Licensing VerificationIn Review
Direct Underwriting Portal • Coming Soon
LENDING INTELLIGENCE
Compare Financing Options
Review baseline metrics, underwriting structures, and qualification criteria across 18 financing options.
Viewing:View All (18 Options)
Conventional Mortgage
Fannie Mae / Freddie Mac (Conforming)
- Down payment options from 3% for qualified first-time buyers
- Private Mortgage Insurance (PMI) cancellable upon reaching 20% equity
- Broad underwriting flexibility based on credit profile and liquid reserves
FHA Loan
Federal Housing Administration (HUD)
- 3.5% minimum down payment for eligible borrowers
- Accommodates lower credit profiles and flexible debt ratios
- Up to 6% interested-party seller concessions allowed toward closing costs
VA Home Loan
U.S. Department of Veterans Affairs
- 0% down payment required on primary residence purchases
- Zero monthly private mortgage insurance (PMI / MIP)
- Capped lender origination fees and zero prepayment penalties
USDA Rural Development Loan
USDA Rural Development (Section 502)
- 100% financing with zero down payment requirement
- Below-market annual guarantee fees compared to standard FHA MIP
- 30-year fixed interest rates with closing costs eligible to be rolled into loan if appraised value allows
Jumbo Mortgage
Non-Conforming / Private Capital
- Financing for loan balances exceeding county conforming baseline thresholds
- Tailored underwriting for luxury primary residences and high-value acquisitions
- Post-closing liquid reserve requirements (often 6 to 12+ months of PITIA)
FHA 203(k) Renovation Loan
HUD / FHA Renovation Lending
- Single closing combining property acquisition and renovation escrow funds
- 3.5% down payment calculated on projected after-improved value
- Available in Limited (up to $35,000 non-structural) and Standard (major structural) options
Rate-and-Term Refinance
Conventional / Government Refinance
- Replaces existing mortgage with revised terms without pulling out net cash
- Eliminates private mortgage insurance when equity has grown past 20%
- Flexible amortization options including 15, 20, or 30-year fixed terms
Cash-Out Refinance
Conventional / FHA / VA Cash-Out
- Single first-lien mortgage replacing existing debt and disbursing liquidity
- Conforming guidelines typically cap loan-to-value (LTV) at 80% on primary residences
- VA cash-out provides up to 90% or 100% LTV options for qualifying veterans
Home Equity Line of Credit (HELOC)
Revolving Second-Lien Line of Credit
- Revolving line of credit allowing borrow-repay-reborrow flexibility
- Leaves existing first-mortgage interest rate and terms completely untouched
- Interest-only payment options typically available during initial 10-year draw period
Home Equity Loan (Fixed Second)
Closed-End Fixed-Rate Second Mortgage
- Predictable fixed monthly payments with locked interest rate throughout the term
- Fully disbursed lump sum at settlement with no variable payment surprises
- Leaves primary first-lien mortgage completely untouched
FHA Streamline Refinance
FHA Streamline Refinance Program
- No new appraisal required in many instances, bypassing equity recalculations
- Reduced income and employment verification requirements
- Must demonstrate a verified Net Tangible Benefit (typically at least a 0.5% rate reduction)
VA IRRRL (Streamline Refinance)
VA Interest Rate Reduction Refinance Loan
- Reduced documentation with no appraisal or income underwriting required in most cases
- Very low VA funding fee (currently 0.5% of the loan amount, with disability exemptions applying)
- Closing costs can be fully rolled into the new loan balance
DSCR Investor Loan
Debt-Service Coverage Ratio (Investor)
- Qualification based on property rental income (Gross Rent / Debt Service), not personal W-2s
- Can close directly under an LLC, corporate entity, or individual borrower name
- Eliminates the 10-property conventional lending limit faced by active portfolio builders
Conventional Investment Property Loan
Fannie Mae / Freddie Mac Investment
- Conforming interest rates backed by government-sponsored enterprise secondary market liquidity
- Minimum down payment typically 15% for single-family rentals (25% for 2-4 unit properties)
- Allows up to 75% of documented gross rental income to offset property carrying costs
Fix & Flip / Bridge Loan
Short-Term Asset-Based Bridge Capital
- Short-term loan durations (typically 6 to 24 months) with interest-only monthly payments
- Up to 85-90% Loan-to-Cost (LTC) and up to 70-75% After-Repair-Value (ARV) limits
- Construction draw escrows disbursed as renovation milestones pass inspection
Bank Statement / Non-QM Loan
Alternative Documentation Non-QM
- Income calculated from 12 or 24 consecutive months of personal or business bank deposits
- Avoids tax return write-off limitations that depress net qualifying income
- Available for primary residences, second homes, and 1-4 unit investment properties
Commercial & Multifamily Financing
Commercial Real Estate (5+ Units / Mixed-Use)
- Custom financing for 5+ unit apartment complexes, mixed-use, and light commercial real estate
- Underwritten based on Net Operating Income (NOI), cap rate valuation, and debt coverage ratios
- Options include bank portfolio, agency (Fannie Mae / Freddie Mac Multifamily), and private debt
Portfolio / Blanket Financing
Multi-Property Cross-Collateralized Facility
- Cross-collateralizes multiple properties under a single loan agreement and monthly payment
- Includes structured partial release clauses allowing individual property sales without payoff penalties
- Flexible lender-held portfolio terms unencumbered by secondary-market agency restrictions
T.E.R.M.S. VAULT // CAL.30-MTG
Precision Mortgage Calculator
Model monthly debt servicing, down payment thresholds, and principal-interest balances with institutional precision.
Range: $50k – $2.5M
$
Presets:
%
Dollar Equiv:$70,000
Loan Norms:
20%+ down payment: Private Mortgage Insurance (PMI) is waived.
Fixed APR
%
360 Payments
30-Year fixed terms minimize monthly payments to maximize purchasing power.
ESTIMATED MONTHLY PAYMENT30Y FIXED • 6.75%
$2,268/ month
Full PITI Escrow (Principal, Interest, Taxes, Insurance)
Include Taxes & Insurance:
Payment Composition100% Allocated
Principal & Interest
$1,816/moProperty Taxes (1.2%)
$350/moHomeowners Insurance
$102/moLoan Principal$280,000
Loan-to-Value (LTV)80.0%
Total Interest (30Y)$373,787
Total Principal + Interest$653,787
Algorithmic Underwriting Comparison Available
Vault Disclaimer: Calculations are generated for educational scenario modeling. Actual mortgage interest rates, points, property tax assessments, hazard insurance underwriting, and private mortgage insurance (PMI) vary by lender rate locks, credit score, property location, and debt-to-income profile.
AI Financing Concierge
Unsure Which Program Fits Your Scenario?
Alfred can evaluate your debt-to-income profile, down payment budget, and property strategy to recommend the most economical financing pathways.