Loans & Programs

Orchard Hill Mortgage Company offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

Fixed Rate Loans

30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home’s value.
Monthly payments remain the same for the entire loan term.

Adjustable Rate Loans

3/1, 5/1, and 7/1 ARM’s. Monthly payments based on a 30 year repayment schedule.
Provides veterans with flexible lending options and loan security.
The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.

FHA Loans

3.50% down payment required on purchase.
Minimum credit score usually 620.
Post-bankruptcy qualifying – 2 years after.
Post-foreclosure qualifying – 3 years after.
VA Loans

Competitive interest rates that are routinely lower than conventional rates.
Sellers can pay up to 6 percent of closing costs and concessions.
Higher allowable debt-to-income ratios than for many other loans.
0% down payment required on purchase.

30 year Fixed Rate Conventional Loan

30 year Fixed Rate Conventional Loan
Conventional loans typically are harder to qualify for than FHA loans and require a slightly higher down payment. However, in some cases rates can be lower and have lower closing costs. Also, monthly mortgage insurance is usually less or can be nothing with 20% down payment.

Term: 30 years Maximum Amount: $417,000

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.

 

Conventional 1% Down Payment

Give your borrowers a low down payment, a great rate and a head start on their equity. United Wholesale Mortgage is the first wholesale lender in the industry to offer 1% down on conventional loans with a 2% equity boost!

Program highlights include:
Clients pay 1%, UWM gifts 2%, giving borrowers 3% equity at closing
700+ FICO, 43% max DTI
Great low rates
Close in 30 days or less
Available with no monthly Mortgage Insurance

 

Pay Advantage – as little as 3% Down and No Mortgage Insurance

Eliminate monthly mortgage insurance and increase your borrower’s buying power! Pay Advantage offers your clients one of the lowest monthly payments available with a low down payment.

Up to 97% LTV with no monthly M.I.
100% gift for down payments eligible
Underwrite to AUS findings
M.I. certificates issued in house with no M.I. overlays

 

Elite

The obvious choice for your top-tier borrowers! Comprised of some of the best conventional rates and pricing in the industry, UWM’s Elite program allows you to close quickly, while generating solid referrals.

740+ FICO
Up to 80% LTV
Loan amounts from $250,000 up to County Loan Limits
Property Inspection Waivers honored
Underwrite to AUS findings
Includes Conventional, High Balance and ARMs

 

FHA – Portfolio Loans

Special Program for borrower with less then stellar credit

580+ FICO 3.5% down
500-579 FICO 10% down
All fixed term mortgages
Single family primary residences