First Alliance Home Mortgage, LLC

Basic information

QM program

• Conventional
• FHA
• VA

Loss payee

N/A

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

N/A

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

FHA, VA, USDA, Conventional, Non-QM, VOE, P&L, DSCR.

• VOE Loans – No tax returns. Just verify employment.
• P&L Loans – Self-employed? Use your profit & loss to qualify.
• DSCR Loans – For investors. No income docs needed—just cash flow.

Perks:

• Same-day or 24-hour approvals
• Close in 7 days or less
• Fast conditions
• Great pricing
• Build your own appraiser panel
• Volume incentives available

FHA loans:

- a credit score over 580

- a 3.5% down payment

Jumbo Loan: 

- Loan To Value Ratio ≤ 89.99%

- Less Paperwork

- Flexible Loan Use: You can use a Jumbo loan to finance a primary home, second home or investment property.

Lender offers the NJ State Grant Program- NJHMFA- Loan officer must take a course in order to participate in the program. Down Payment assistance can range from 10K to 22K

Lender offers TBD credit approvals. 

Allow lender credit to cover BPC.

Lender's overlays

Jumbo Loan Requirements: Minimum 680 Credit Score

Debt-To-Income Ratio ≤ 45%

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews