Products & Pricing

Main Street Home Loans offers Loan Originators a wide variety of programs to match the unique needs of their clients.

With great rates, over 25 correspondent lenders, and unique scenario considerations, we will provide with some of the most competitive products and pricing in the industry.

Conventional Fixed

  • Agency Fixed Rate Programs
    • 30 Year Fixed and High Balance
    • 25 Year Fixed
    • 20 Year Fixed
    • 5 Year Fixed and High Balance
    • 10 Year Fixed

Conventional ARMs

  • Agency ARM Programs
    • 3/1 LIBOR ARM and High Balance
    • 5/1 LIBOR ARM and High Balance
    • 7/1 LIBOR ARM and High Balance
    • 10/1 LIBOR ARM and High Balance
  • Qualifying Rate for Conforming ARMs
    • 3/1 & 5/1 ARMs are Qualified at Greater of the Note Rate + 2% or the Fully Indexed Rate
    • 7/1 & 10/1 ARMs are Qualified at Greater of the Note Rate or the Fully Indexed Rate

Additional Credit Flexibilities – Conventional

  • Direct Agency Seller-Servicer
  • Manufactured Homes
  • 5-10 Unit Financed Properties
  • 1yr Tax Returns per findings
  • W2 Transcripts only per findings
  • HomeReady (Formerly MyCommunity)
  • Homestyle Renovation Loans
  • Home Affordable Refinance Program

Home Affordable Refinance Program

  • Refinance Highlights
    • 150% LTV/Unlimited CLTV
    • Primary residence, second homes, investment, 2-4 units
  • FNMA DU REFI PLUS
    • 30 year fixed and High Balance
    • 20 year fixed
    • 15 year fixed
  • FHLMC LP Open Access Programs
    • 30 Year Fixed and High Balance
    • 20 Year Fixed
    • 15 Year Fixed

FHA Financing

  • Minimum credit score: 580
  • Minimum credit score High Balance: 620
  • Scorecard AUS “Approve/Eligible” or LP “Accept”
  • Manual underwrites with extenuating circumstances allowed
  • Programs:
    • Fixed Rate
      • 30 Year Fixed and High Balance
      • 25 Year Fixed
      • 20 Year Fixed
      • 15 Year Fixed
    • ARM
      • 3/1 Treasury ARM
      • 5/1 Treasury ARM
      • Qualifying Rate: Greater of Fully Indexed or Note Rate
  • FHA 203k Renovation Loans
    • Scores down to 620
    • Purchase and Refinance
    • Full and Streamline
  • FHA Streamline
    • Scores down to 600

Additional Credit Flexibilities – FHA

  • Manufactured and Modular Homes
  • HUD REO
  • HUD with Repair Escrows

VA Financing

  • Minimum credit score: 580
  • Loans over $417,000: 620
  • Scorecard AUS “Approve/Eligible” or LP “Accept”
  • Manual underwrites with extenuating circumstances allowed
  • Cash out refinance max LTV 100% with 600 FICO
  • Programs:
    • 30 year fixed and High Balance
    • 25 year fixed
    • 20 year fixed
    • 15 year fixed
    • 3/1 Treasury ARM
    • 5/1 Treasury ARM
    • Qualifying Rate: Greater of Fully Indexed or Note Rate
  • VA IRRRL
    • Scores down to  600
    • No AVM and unlimited LTV options

Additional Credit Flexibilities – VA

  • Manufactured Homes

USDA Financing

  •  Minimum credit score: 620
  • Manual underwrites with extenuating circumstances allowed
  • Purchase, Refinance and Streamline
  • Programs:
    • Fixed Rate
      • 30 Year Fixed

Bond Loans

  • Approved with US BANK Mortgage Revenue Bond Division
  • Manual underwrites with extenuating circumstances allowed
  • Purchase, Refinance and Streamline

Non-Conforming JUMBO

  • Minimum credit score: starting at 680
  • Delegated and Non-Delegated options
  • LTV’s up to 90%