Mortgage Programs
Mortgage Solutions After a Recent Bankruptcy or Foreclosure
Program Highlights
- Own a home in as little as 1 month after a credit event
- Minimum Down Payment of 20% is Required
- Gift Funds Allowed
- Use Tax Return or Bank Statements to Document Income
- Most Property Types Accepted
- Quick Closings
- Fixed Rate Mortgage with 15, 20, or 30 Year Term
- Up to 55% Debt Ratio allowed
You don’t have to wait a couple years to buy a new home!
At First National Bank of America, we know that Life happens! We can help you obtain a mortgage after bankruptcy, foreclosure or any other credit event. There is a story behind all of us and we understand that our customers are far more than just a credit score. Everyone experiences financial woes for different reasons, aging parents, unexpected medical, growing your family, whatever the reason, it shouldn’t be something that holds you back from starting again. Our experienced team of professionals are dedicated to finding a mortgage solution that fits your situation and helping you get back on track. We care about our customers and treat them as part of the FNBA family!
Mortgage Solutions for Self-Employed Borrowers
Program Highlights
- Minimum Down Payment of 15% is Required
- Gift Funds Allowed
- Use Tax Return or Bank Statements to Document Income
- Most Property Types Accepted
- Quick Closings
- Fixed Rate Mortgage with 15, 20, or 30 Year Term
- Up to 55% Debt Ratio allowed
Our home loans are perfect for self-employed business owners utilizing alternative income documentation.
You did it, you chased your dream of owning your own business and now here you are! Unlike traditional banks and mortgage lenders, First National Bank of America makes getting a mortgage for self-employed business owners simple.
As a business owner, it took courage and dedication to get you where you are today. Getting a home loan, however, is no easy task. When other lenders deny you for home loans based on income documentation, it’s just not fair. We believe that business owners, above all, are a staple in our communities and that the same opportunities offered to non-business owners for home loans should be available. At FNBA, we provide solutions for documenting income that helps take the stress out of getting a mortgage.
First National Bank of America has helped thousands of business owners with home ownership. Our experienced team of professionals will work with you every step of the way to help you get the home loan you deserve.
Mortgage Solutions for ITIN Borrowers
Program Highlights
- Minimum Down Payment of 15% is Required
- Gift Funds Allowed
- Use Tax Return or Bank Statements to Document Income
- Most Property Types Accepted
- Quick Closings
- Fixed Rate Mortgage with 15, 20, or 30 Year Term
- Purchase or Refinance
First National Bank of America is committed to helping people achieve responsible home loans. We specialize in Non-QM lending and have great solutions for people that have an Individual Tax Identification Number (ITIN) who are looking for a mortgage or want to refinance an existing mortgage. Our ITIN Loan Program is available in all 50 states.
FNBA is the bank you come to when you need a lender you can trust to find the solution that best fits your situation.
Alternative Income Documentation Options
- Profit & Loss statement; an Alternative to using your Bank Statement
- 12 months of Bank Statements; Traditional or Expense Ratio
- Asset Depletion – Supplement income with seasoned assets
- Ready Asset – Use your assets to qualify rather than your income
- Full Documentation – standard income qualifications; W-2s w/pay stubs, Tax Returns, VOE, SSN Award letter
