Loan Programs to Fit Every Situation
couple talking to loan officer about loan programs

The Sharpe Mortgage Team is committed to providing tailored loan solutions that cater to the diverse needs of every individual. With a deep understanding that each client has unique financial circumstances, we offer a comprehensive range of loan programs designed to accommodate various requirements. Whether you are a first-time homebuyer seeking a conventional mortgage, a seasoned investor exploring options for refinancing, or someone with specific needs such as VA or FHA loans, The Sharpe Mortgage Team ensures personalized attention and guidance every step of the way. 


Below is an overview of the loan programs we offer:

Conventional

  • 10-30 Year Fixed Rate
  • 3/6, 5/6, 7/6 & 10/6 SOFR ARMS
  • Purchase & Refinance
  • 3/2/1 ,2/1 or 1/0 Temporary Buydowns
  • Minimum Credit Score based on AUS Approval
  • No Credit Score Borrowers
  • HomeReady, Home Possible, & HomeStyle
  • ITIN Borrowers

FHA

  • 15-30 Year Fixed Rate 
  • 5/1 CMT ARM
  • Purchase, No Cash Out, Streamline, Simple & Cash Out Refinance 
  • 3/2/1, 2/1 or 1/0 Temporary Buydowns
  • Minimum Credit Score 500 w/AUS Approval 
  • No Credit Score Borrowers 
  • Manual Underwriting 
  • FHA 203k Renovation & 203H Disaster Program

VA

  • 15-30 Year Fixed Rate
  • 5/1 CMT ARMS
  • Purchase, IRRRL and Cash Out Refinance
  • 3/2/1, 2/1 or1/0 Temporary Buydowns
  • Minimum Credit Score 580 w/AUS Approval
  • No Credit Score Borrowers
  • Cash Out Refinance to 90% LTV
  • Max 60% DTI with AUS Approval
  • Manual Underwriting
  • VA Jumbo Loan Amounts Allowed

USDA

  • 100% Financing with no Downpayment Required
  • Finance Closing Costs if Appraised Value is Sufficient
  • No First Time Homebuyer Requirements
  • Fixed Rate
  • Purchase, Streamline & Streamlined Assist Refinance
  • 2/1 & 1/0 Temporary Buydowns
  • Minimum Credit Score 640
  • Manual Underwriting

Renovation/Construction

  • FHA 203k & FNMA HomeStyle Renovation (Loan Amounts based on Home Value after Improvements)
  • FNMA Single Close Construction
  • Licensed Contractor Manages the Work
  • All Products are In-House
  • Draws, Builder Review and entire Renovation/construction Process Managed by HRM Construction/Renovation Department
  • HRM Construction/Renovation Specialist Assists & Trains

Non-Conforming/Jumbo

  • Fixed & ARM Products
  • 3/2/1, 2/1 & 1/0 Temporary buydowns
  • Minimum FICO 600
  • LTV up to 90%
  • Max DTI up to 50%
  • Manual UW & Agency AUS for Underwriting  
  • Restricted Stock (RSU) & Asset Depletion Income
  • Correspondent Loan Products
  • Multiple Non-Conforming Products with Delegated UW

Doctor Program

  • 5/6, 7/6 10/6 SOFR ARMs
  • Up to 97% LTV/CLTV
  • Minimum Credit Score 680
  • Max DTI up to 50%
  • Purchase & Rate Term Refinance
  • SFR 1-Unit Properties, Modular & Warrantable Condos
  • Allows First Time Homebuyers
  • Qualifying Occupations: Medical Doctor, Physician Assistant, Registered Nurse, Medical Resident, etc.

Non-QM

  • Non-Warrantable Condo/Condotels
  • Fixed & ARM Interest Only
  • DSCR Investor/DSCR with Temporary Buydowns
  • Asset Utilization/Asset Depletion
  • 12/24 Month Bank Statement Income
  • 1099 & P & L Income
  • ITIN Borrowers & Foreign National
  • Short Term Rental Income
  • Shorter Seasoning for Serious Derogatory Credit

Additional Product Offerings

  • HUD REO $100 Downpayment
  • FHA Good Neighbor Next Door
  • Community Lending Program w/no Income Limitations
  • Singlewide & Multi-Wide Manufactured Housing
  • Family Opportunity (Buying for Disabled Child or Parent)
  • HUD 184 Program  
  • Investor Paid MI Programs
  • Rate Drop Pledge Option
  • Broker Products: Mixed Use, Co-Ops, Graduated Payment, DSCR 5-8 Units, 2nd Liens, Vacant Land, ITIN, Hobby Farms, Written VOE Income Only, Unique Homes, No Ratio & More

100% LTV & DPA Assistance

  • USDA
  • VA Financing
  • Bond/Housing—NC, SC, TN & Multiple Other States
  • HomeReady Very Low-Income Credit $2500
  • Chenoa FHA with 3.5% or 5% DPA Assistance
  • Conventional, VA, USDA & FHA w/Gift Funds
  • Local Community DPA Assistance Programs (City of Greensboro, City of High Point & More)

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