Specialty Products

Specialty Loan Products for Homebuyers

Our specialty loans make it easier to buy, renovate, or refinance your home with confidence.

Flexible Home Loan Solutions for Every Buyer

At The Parker Team – Fairway Independent Mortgage Corporation, we understand the not every homeowner or investor fits into a standard mortgage program. That’s why we offer specialty home loan products that address unique financial situations, making the homebuying process smoother and more accessible. Whether you’re self-employed, a real estate investor, or a homeowner looking to access your equity, we have a mortgage solution that works for you.

With the right information and partner, you can confidently approach the home-buying process and find a loan that fits your financial goals and lifestyle.

Our Specialty Home Loan Products

When it comes to specialty loan products, the goal is to provide flexible, accessible solutions for a variety of financial circumstances. Below, we’ll break down four popular types of loans and programs designed to simplify homeownership.

Reverse Mortgage

A reverse mortgage is for homeowners aged 62 and older. It allows them to tap into their home’s equity without making monthly mortgage payments. The loan is repaid when the homeowner sells the property or no longer lives in the home.

Bank Statement Loan

Designed for self-employed individuals or borrowers with non-traditional income, this program uses personal or business bank statements instead of tax returns to determine eligibility. It’s a flexible option for those who might not qualify through traditional income documentation.

DSCR (Debt Service Coverage Ratio) Loan

Ideal for real estate investors, DSCR loans focus on the rental income of an investment property. Borrowers qualify based on whether the property’s cash flow can cover its debts, making it a smart choice for expanding your property portfolio.

1099 (Independent Contractor) Loan

Designed specifically for independent contractors, this program evaluates income reported on 1099 forms. We use specialized methods to analyze and qualify this type of income, offering a seamless path to obtaining a mortgage.

HELOC (Home Equity Line of Credit)

A HELOC is a flexible second mortgage that lets you access your home’s equity through a revolving line of credit. Use it for home improvements, debt consolidation, or other financial needs, borrowing funds as needed up to your approved limit.

Renovation Loan

This loan simplifies the process of purchasing a fixer-upper or updating your current home. It allows you to combine the costs of renovations with your mortgage, whether you’re buying a property or refinancing an existing one.

Find the Right Loan for Your Needs

With so many options available, it can feel overwhelming to determine which loan program is the best fit for your circumstances. Choosing the right specialty loan product depends on your financial situation and homeownership goals. Whether you’re looking to leverage your home’s equity for additional funds, finance renovations to turn your space into your dream home, or secure a loan that works for you as a self-employed borrower, we’re here to provide expert guidance every step of the way.

Not sure which option suits you? Contact our team at The Parker Team – Fairway Independent Mortgage Corporation for help finding the right mortgage solution for your needs.

Own Your Dream Home

See how easy it is to find your new home loan. Our experienced team is ready to help bring homeownership to life for you.

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