Discover Our Diverse Loan Programs at EZ Loans Funding
Welcome to EZ Loans Funding, where we see each client as a unique individual, not just a number. Our approach is rooted in understanding and flexibility, steering clear of the rigid loan profiling commonly found in the banking sector. We prioritize a 'common sense' approach to find the most suitable loan for you.
Partnering with a broad spectrum of top-rated lenders, from those offering premium rates to those addressing special hardship cases, we're equipped to secure advantageous rates across a diverse range of loan options. Our portfolio includes 30-year mortgages, 20-year mortgages, 15-year mortgages, 10-year mortgages, adjustable-rate mortgages (1, 3, 5 years), conventional loans, jumbo loans, home equity lines, VA loans, and commercial loans. Catering to a variety of needs – whether it's full documentation, no documentation, non-owner occupied (investor), or multi-family properties – we are here to tailor our services to your unique circumstances.
Explore Our Wide Range of Loan Programs
Prime Financing Options
FHA
FHA loans, backed by the Federal Housing Administration, offer a more accessible route to homeownership, especially favored by first-time buyers. They typically require lower down payments and accept lower credit scores compared to conventional loans. This program is ideal for those seeking an affordable homeownership solution, particularly if they have limited initial funds or a modest credit history.
BENEFITS
Lower down payment options
Down Payment Assistance available
Conventional
Conventional loans, often backed by Fannie Mae (FNMA) or Freddie Mac (FHLMC), are a versatile mortgage choice not insured by the government. These loans are well-suited for borrowers with strong credit, offering favorable terms for both primary residences and investment purchases. With requirements like higher credit scores and larger down payments, they provide diverse options including various term lengths, fixed or adjustable rates, and potential savings on private mortgage insurance for those making substantial down payments.
BENEFITS
Shop Multiple Property Types
Lower rates, Lower Payments
VA
VA loans, guaranteed by the U.S. Department of Veterans Affairs, are exclusively for military service members, veterans, and their families, offering significant benefits like no down payment and no private mortgage insurance. These loans stand out with competitive interest rates and flexible qualification criteria, making homeownership more attainable for those who have served. Ideal for eligible borrowers, VA loans are a pathway to affordable homeownership with advantageous terms.
BENEFITS
0 down payment options
Service members exclusive
USDA
USDA loans, supported by the United States Department of Agriculture, are designed to promote homeownership in rural and certain suburban areas for low-to-moderate-income individuals. They offer the unique benefit of zero down payment, making them an ideal choice for eligible homebuyers who might struggle with upfront costs. USDA loans also typically feature lower interest rates and mortgage insurance costs compared to conventional loans.
BENEFITS
Zero Down Payment
Lower Costs, Lower Payments
Down Payment Assistance
A Down Payment Assistance (DPA) loan is designed to help homebuyers with the upfront costs of purchasing a home, particularly beneficial for those who might struggle with saving for a down payment. These programs can offer free grants or secondary financing options, like a silent, forgivable, or repayable second mortgage, to cover down payment and sometimes closing costs. DPA loans are instrumental in making homeownership more accessible, especially for first-time buyers.
BENEFITS
Home ownership accessibility
Assistance with Upfront Costs
Essential and Professional Workers
A Down Payment Assistance (DPA) loan tailored for special buyers such as first responders, teachers, police, firemen, charity workers, nurses, doctors, and public workers offers a unique pathway to homeownership. These specialized DPA programs provide forgivable grants to assist these vital community members in purchasing homes, recognizing their contributions to society. The program is designed to make homeownership more attainable and affordable for these dedicated professionals.
BENEFITS
Forgivable Grants
Acknowledges Community Contribution
Non-Prime Financing Options
Reverse Mortgage
A reverse mortgage loan is a financial product designed for homeowners aged 62 and older, allowing them to convert part of their home equity into cash without having to sell their home or pay additional monthly bills. This type of loan is repaid when the homeowner moves out, sells the property, or passes away, making it a strategic option for retirees seeking additional income. It provides a way to utilize home equity for covering living expenses, healthcare costs, or other needs during retirement.
BENEFITS
No Monthly Mortgage Payments
Financial Flexibility in Retirement
VOE (Verification of Employment) Only
A Verification of Employment (VOE) Only Loan streamlines the mortgage application process by focusing primarily on the borrower's employment status. This program simplifies the documentation required, usually necessitating only a verification of employment from the borrower's employer, rather than extensive income documentation. It's an ideal solution for borrowers who have stable and verifiable employment but may not easily document their income through traditional means.
BENEFITS
No pay stub's, No W2's needed
Accessible Financing
P&L (Profit and Loss) Only
A Profit and Loss (P&L) Only Loan offers a specialized mortgage solution tailored for self-employed individuals and business owners. This program allows borrowers to qualify for a loan based on their self-prepared or accountant-certified profit and loss statements, bypassing the need for traditional income documentation like tax returns. It's designed to accommodate the unique financial scenarios of entrepreneurs who may have complex income structures that are not reflected in standard documentation.
BENEFITS
Tailored for Self-Employed
Simple Qualification Proces
DSCR
A Debt Service Coverage Ratio (DSCR) loan is specifically designed for real estate investors, focusing on the income generated by the property, including short-term rentals like Airbnb, rather than the borrower's personal income. This loan assesses the property's ability to cover its mortgage payments, offering an invaluable financing option for investors who may not meet traditional lending criteria. It's particularly beneficial for those with diversified investment portfolios, including multiple or short-term rental properties.
BENEFITS
Enables Short-term Rental Investments
Property Income Focused
Bank Statement / P&L
Bank statement or profit and loss statement loans are designed for self-employed borrowers, offering an alternative way to qualify for a mortgage using bank statements instead of traditional income verification. These loans cater to entrepreneurs and freelancers who may have robust cash flow but irregular income patterns that don’t fit conventional loan criteria. They provide flexibility in proving income, making it easier for self-employed individuals to access home financing.
BENEFITS
Flexible for Self-Employed
Alternative Income Verification
Mobile Home
A mobile home loan is a specialized financing option designed to assist buyers in purchasing mobile homes, either located within a park or accompanied by land. These loans can cater to various purchase scenarios, including buying just the mobile home, the home along with the land it occupies, or a complete land-and-home purchase package. They provide a unique opportunity for homeownership at a potentially lower cost compared to traditional homes.
BENEFITS
Versatile Purchase Options
Accessibility to Homeownership
ITIN / DACA
An ITIN (Individual Taxpayer Identification Number) and DACA (Deferred Action for Childhood Arrivals) loan are specialized mortgage options designed for individuals who may not have traditional U.S. citizenship or residency status but do have a valid ITIN or DACA status. These loans provide a means for non-citizens, including undocumented immigrants, to obtain home financing. ITIN and DACA loans are pivotal in enabling a broader range of individuals to achieve homeownership in the United States.
BENEFITS
Inclusivity in Home Financing
Viable path to owning a home
Construction
A construction loan is a short-term financing option designed specifically for the construction or major renovation of a home. Unlike traditional mortgages, these loans provide funds in stages based on completed phases of the construction process. Construction loans are ideal for individuals looking to build a custom home or undertake significant renovations on an existing property.
BENEFITS
Flexible Disbursements
Custom Home Building
Land
A land purchase loan is a specialized financing solution designed for buying undeveloped land. It caters to those who want to purchase a plot either for future construction or investment purposes. These loans are key for buyers planning to build a custom home or hold land for appreciation or future development.
BENEFITS
Enables Long-term Planning
Custom Development Opportunities
Commercial
A commercial loan is a type of financing used to fund major capital expenditures or cover operational costs that a company may not be able to afford upfront. These loans are typically used for purchasing, developing, or renovating commercial properties, or for investing in business growth and expansion. Commercial loans are offered by a variety of lenders, including banks and private lenders, and are tailored to meet the specific needs of businesses.
BENEFITS
Capital for Growth and Expansion
Flexible Terms and Conditions
Hard Money
A hard money loan is a type of short-term lending primarily used in real estate transactions, typically offered by private investors or companies. These loans are based more on the property value involved rather than the borrower's creditworthiness, making them ideal for borrowers who might not qualify for traditional financing. Hard money loans are often used for quick purchases, property flips, or when a quick close is essential.
BENEFITS
Fast Approval and Funding
Asset-Based Lending
Local Program Support:
Arizona Home Buyer Rebate Program Affiliate
As a proud supporting lender for loans at azhbrebate.org, we specialize in offering tailored mortgage solutions aligned with the Arizona Home Buyer Rebate Program's objectives. Our collaboration with this initiative allows us to assist Arizona homebuyers in maximizing the benefits of the rebate program, simplifying their journey to homeownership. We are committed to providing expert guidance and financial support to eligible buyers throughout the home purchasing
BENEFITS
Enhanced Buyer Support
Streamlined Rebate Process
*** Please note: this calculator is for example payments and actual payments may vary.