FIND THE RIGHT LOAN SOLUTION FOR YOU
Two Step Program
Buy the House, “Rent” the Rate
Two-Step With Supreme and Don’t Miss a Beat!
- Step One: Purchase and finance your home with Supreme today.
- Step Two: Refinance your loan with Supreme later with minimal closing costs* when interest rates decrease.
How It Works:
Refinance your original purchase loan with Supreme at least 9 months after your original closing date, and we’ll cover the following fees of your refinance with a lender paid credit at closing: Application, Processing, Underwriting, Closing, Appraisal, Credit Report, and Tax Services. That’s approximately $2,000 in cost savings when you refinance with Supreme! Purchase with confidence now and easily refinance later without significant cost.
*Two-Step program is only valid for Conventional conforming and government loans. Bond/DPA loans ineligible. Qualifying borrowers will receive a lender credit at closing to pay identified costs and fees
FHA 100% FINANCING
The FHA 100% Financing program provides a 96.5% FHA first mortgage and 3.5% or 5% of the purchase price for down payment assistance in the form of a second mortgage forgivable in 5 years.* No income limits apply.
*Funds provided by the Chenoa Fund. Must meet minimum requirements for Chenoa Fund down
payment assistance and FHA loan program. Down payment includes amount from subordinate
financing, which assumes a second lien.
Through our Supreme Dream Down Payment Assistance (DPA) program, the first mortgage would be a 30-year fixed FHA loan, followed by a second fully forgivable loan to be used toward the down payment*, closing costs, and prepaids.
- Minimum Credit Score of 620
- Fully Forgivable Second Loan
- No Income Limits
- Maximum Debt-to-Income (DTI) of 56.99%
- Manual underwriting option
- 1-2 unit primary residence
*Down payment includes amount from subordinate financing which is a second lien and is forgiven after 60 on-time payments.
Lock N' List ™
Sellers: Take control to sell you home quickly with With Supreme’s Lock N’ List™ Program!
- Lock in an interest rate for 90 days and buy down the rate to attract more buyers
- Ideal for sellers who need to sell their home quickly
- Added peace of mind knowing that the advertised rate will not change prior to purchase
- Buyers enjoy a lower monthly payment for the first two yeras of their mortgage as a result of a 2% rate reduction in the first year of their mortgage and 1% reduction the second year
- No additional cost to the borrower
Lock, SHOP AND DROP!
Worried about interest rates rising while searching for a new home? With Supreme Lending’s Lock, Shop, and Drop program, homebuyers don’t have to be!
How It Works
- LOCK in the best interest rate available today.
- SHOP for a home with confidence, knowing the mortgage rate is locked in for 60 days with no upfront fee.
- Once under contract, should interest rates go down, DROP the mortgage rate
It’s that easy—Lock, Shop, and Drop!