By Product Type

World Capital Mortgage offers an array of mortgage products to meet your needs, in fact we have an 80% approval rate. That means that 8 out of 10 people that apply with us, get approved for a loan!

Below is a complete listing of mortgage products by product type. You may also view our products by alphabetical order or by borrower need.

WE SPECIALIZE IN REAL ESTATE LOANS!

• Fixed Rates 10, 15, 20, 25, 30, 40, 50 Year
• Adjustable Rates 1mo, 6mo, 1yr, 2yr, 3yr, 5yr, 7yr, 10yr ARMS
• Option ARMS 1mo, 6mo, 5yr
  
  
  ADJUSTABLE RATE
  
  • Adjustable-Rate Mortgage (ARM) Product Summary serves as the central source of information on all of World Capital Mortgage's standard ARM products, including 6-month, 3yr ,5yr, 7yr ,10yr, 1/1 and fixed-period ARMs.
  
  • Construction-to-Permanent ARMsSM combine financing for the purchase of land, the construction of a new home, and a permanent mortgage into one loan with one closing.
  
  • Expanded ApprovalTMARMs expand the range of loans eligible for delivery to World Capital Mortgage through Desktop Underwriter® (DUTM).
  
  • Flex 97® & Flex 100TM ARMs provide low and no down payment options for borrowers to use flexible sources of funds to pay down payment or closing costs.
  
  • InterestFirstTM Fixed Period ARMs offer interest-only payments for initial fixed-rate periods followed by fully amortized payments with annual rate adjustments.
  
  • Simultaneous Second Mortgages provide borrowers a payment lower than a high-LTV first mortgage and offer a one-stop secondary market execution for both first and second mortgages.
  
  • The Two-Step Mortgage® pairs the benefits of shorter term pricing with the stability of longer term financing.
  
  Community Solutions is a suite of flexible mortgage options for low- and moderate-income borrowers who are full-time teachers, administrators, police officers, firefighters, and healthcare workers.
  
  • Community Solutions 97 is a 97 percent loan-to-value (LTV) mortgage option with flexible credit guidelines designed for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 100 is a maximum 100 percent LTV mortgage with flexible credit guidelines designed especially for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 2-Family is a 97 percent LTV mortgage for teachers, police officers, firefighters and healthcare workers purchasing two-unit homes, and offers higher qualifying ratios, a temporary interest rate buy down option, and two months reserves that can be gifted.
  
  MyCommunityMortgageTM Products are flexible mortgage options for low- and moderate-income borrowers of one- to four-family homes.
  
  • Community 100TM is a 100 percent loan-to-value mortgage, designed for borrowers with good credit.
  
  • Community 100 PlusTM is a 100 percent loan-to-value mortgage with flexible credit guidelines for borrowers with limited cash resources.
  
  • Community 97TM is a 97 percent loan-to-value mortgage with flexible credit guidelines.
  
  • Community 2-FamilyTM provides a flexible, affordable mortgage option to owner-occupants of 2-unit homes.
  
  • Community 3-4-FamilyTM provides flexible financing to owner-occupants of 3- to 4-unit homes
  
  • Community CustomizerTM enables customization of the mortgage features, including loan-to-value, borrower contribution, credit history guidelines, and more.
  
  BALLOON
  
  • 7-Year Balloon Mortgage offers monthly payments based on a 30-year amortization, with a rate based on the shorter term of the loan, which is due in full in 7 years.
  
  FIXED RATE
  
  • Biweekly Mortgage allows borrowers to make payments every 14 days instead of once a month, providing faster amortization of the loan.
  
  • Expanded ApprovalTM with Timely Payment Rewards® (EA/TPRTM) is available via Desktop Underwriter® for consumers who are currently paying more than fair market value for the credit quality associated with their loan or for borrowers with minimal funds for a down payment or closing costs who may have had minor credit problems in the past.
  
  • eZ AccessTM available on a pilot basis, eZ Access offers automated and streamlined eligibility decisions using Desktop Underwriter, providing lenders with a low down payment product with flexible credit and pricing structures.
  
  • Fannie 3/2TM offers underwriting flexibilities that include a 3 percent down payment and one month's cash reserves at closing.
  
  • Fannie 97® requires a 3 percent down payment from the borrower's own funds, requiring cash savings in reserves of only one month's mortgage payment after closing.
  
  • InterestFirstTM allows consumers who want a lower monthly payment with the stability of a 30 year fixed-rate mortgage to make interest-only payments for 10 or 15 years, followed by a fully amortizing period of 15 or 20 years.
  
  • Pledged-Asset Mortgage enables homebuyers to borrow up to 100 percent of the sales price of the home when there is a pledge of a stable financial asset.
  
  • Simultaneous Second Mortgage allows borrowers a payment lower than a high-LTV first mortgage and offers one-stop secondary market execution for both first and second mortgages.
  
  Community Solutions is a suite of flexible mortgage options for low- and moderate-income borrowers who are full-time teachers, administrators, police officers, fire fighters and healthcare workers.
  
  • Community Solutions 97 is a 97 percent loan-to-value (LTV) mortgage option with flexible credit guidelines designed for teachers, police, firefighters and healthcare workers.
  
  • Community Solutions 100 is a maximum 100 percent LTV mortgage with flexible credit guidelines designed especially for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 2-Family is a 97 percent LTV mortgage for teachers, police officers, firefighters and healthcare workers purchasing two-unit homes, and offers higher qualifying ratios, a temporary interest rate buy down option, and two months reserves that can be gifted.
  
  Environmentally Sound Construction
  
  • Energy Efficient MortgageSM permits homeowners to use an unsecured loan up to $20,000 to finance improvements that improve the energy efficiency of their home.
  
  • MyCommunity MortgageTM Energy Efficient Mortgage promotes the design, construction, and purchase of more efficient homes, designed specifically for borrowers who are at or below 100 percent of area median income.
  
  • Smart Commute MortgageTM is designed to promote homeownership in neighborhoods near public transit.
  
  MyCommunityMortgageTM Products are flexible mortgage options for low- and moderate-income borrowers of one- to four-family homes.
  
  • Community 100TM is a 100 percent loan-to-value mortgage, designed for borrowers with good credit.
  
  • Community 100 PlusTM is a 100 percent loan-to-value mortgage with flexible credit guidelines for borrowers with limited cash resources.
  
  • Community 97TM is a 97 percent loan-to-value mortgage with flexible credit guidelines.
  
  • Community 2-FamilyTM provides a flexible, affordable mortgage option to owner-occupants of 2-unit homes.
  
  • Community 3-4-FamilyTM provides flexible financing to owner-occupants of 3- to 4-unit homes
  
  • Community CustomizerTM enables customization of the mortgage features, including loan-to-value, borrower contribution, credit history guidelines, and more.
  
  
  
  Native Americans:
  
  • Native American Conventional Lending Initiative offers conventional (non-government insured or guaranteed) loan products on unrestricted fee simple land, federally restricted trust land, and tribally restricted fee simple land.
  
  • Native American FHA Mortgage Insurance Program/Section 248 Loans offers lending on Native American tribal trust or restricted lands.
  
  • Guaranteed Rural Housing/Section 502 offers financing for low- and moderate-income rural residents.
  
  • Native American HUD Loan Guarantee Program/Section 184 Loans provide credit to Native Americans on Indian trust land or land located in an "Indian area" as defined by HUD.
  
  Persons with Disabilities:
  
  • Community Living® is designed to provide financing for small, community-based group homes for those who are unable to live independently.
  
  • HomeChoiceTM is designed for low- and moderate-income borrowers who have disabilities, or who have family members with disabilities living with them.
  
  Rural Housing:
  
  • Guaranteed Rural Housing & Rural Direct Leveraging products provide financing for low- and moderate-income rural residents.
  
  HOME CONSTRUCTION AND RENOVATION
  
  • Energy Efficient MortgageSM permits homeowners to use an unsecured loan up to $20,000 to finance improvements that improve the energy efficiency of their home.
  
  • HomeStyle® Construction to Perm allows borrowers to combine financing for the purchase of land, the construction of a new home, and a permanent mortgage into one loan with one closing.
  
  • Homestyle Renovation Mortgage allows borrowers to include the cost of home improvements into the mortgage when purchasing a home, or refinancing the mortgage on their existing home.
  
  • Native Americans -- FHA Mortgage Insurance Program/Section 248 Loans offer lending on Native American tribal trust or restricted lands by working with the sponsors of existing government loan products.
  
  LOW/NO DOWN PAYMENT
  
  • Community Home Buyer's ProgramTM offers underwriting flexibilities that include a 5 percent down payment and no cash reserves at closing for low-and moderate-income borrowers.
  
  • Flexible 100TM allows a no-down payment option for borrowers with minimal funds for a down payment.
  
  • Flexible 97® permits a low (3%) down payment option for borrowers with minimal funds for a down payment.
  
  Community SolutionsTM is a suite of mortgages with special flexibilities for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 97 is a 97 percent loan-to-value (LTV) mortgage option with flexible credit guidelines designed for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 100 is a maximum 100 percent LTV mortgage with flexible credit guidelines designed especially for teachers, police officers, firefighters and healthcare workers.
  
  • Community Solutions 2-Family is a 97 percent LTV mortgage for teachers, police officers, firefighters and healthcare workers purchasing two-unit homes, and offers higher qualifying ratios, a temporary interest rate buy down option, and two months reserves that can be gifted.
  
  World Capital Mortgage's Fannie Mae Community Home Buyer's ProgramSM offers underwriting flexibilities that include a 5 percent down payment and no cash reserves at closing for low-and moderate-income borrowers.
  
  • FannieNeighbors® is a nationwide, neighborhood-based mortgage option designed for areas designated as under served by HUD, in low- to moderate-income or minority census tracts, or in central cities.
  
  • Fannie 3/2 offers underwriting flexibilities that include a 3 percent down payment and no cash reserves at closing.
  
  • Fannie 97 requires a 3 percent down payment from the borrower's own funds, requiring cash savings in reserves of only one month's mortgage payment after closing.
  
  MyCommunityMortgageTM Suite is a flexible mortgage option for low- and moderate-income borrowers of one- to four-family homes.
  
  • Community 100 is a 100 percent loan-to-value mortgage, designed for borrowers with good credit.
  
  • Community 100 Plus is a 100 percent loan-to-value mortgage with flexible credit guidelines for borrowers with limited cash resources.
  
  • Community 97 is a 97 percent loan-to-value mortgage with flexible credit guidelines.
  
  • Community 2-Family provides a flexible, affordable mortgage option to owner-occupants of 2-unit homes.
  
  • Community 3-4-Family is a pilot that provides flexible financing to owner-occupants of 3- to 4-unit homes
  
  • Community Customizer enables customization of the mortgage features, including loan-to-value, borrower contribution, credit history guidelines, and more.
  
  NON-CONFORMING PROGRAMS (Subprime/Niche products)
  
  • Capital Advantage interest only starting at 3.000% simple interest calculation, 80%LTV, with minimum 650 credit score
  
  • 100% Finance on Purchase with credit as low as 580 mid score, full documentation, wage earner, with 6% seller contribution allowed, no Mortgage Insurance (MI) and no escrows required
  
  • Adjustable Rate for lower interest rates to enable ease of payment during a fixed period of 2yr, 3yr then adjusts according to the Libor
  
  • 100% Investment Properites up to 4 units residential, full documentation, and credit requirements of 720+
  
  
  
  REVERSE MORTGAGES
  
  • Home Equity Conversion Mortgages (HECM) presents a viable option for homeowners 62 and older to tap the equity in their homes, while giving them other options to address their particular housing needs.
  
  • The Home Keeper® for Home Purchase Mortgage allows borrowers to purchase a new home without using all of their personal resources to fund the purchase and with no monthly mortgage payments.
  
  • The Home Keeper Mortgage serves as an adjustable-rate conventional reverse mortgage that allows homeowners age 62 and above to borrow against the value of their homes and receive the proceeds according to the payment option they select.