For mortgage professionals only. Not intended for distribution to consumers.
Loan products
Loan products are the foundation of UFF. Conventional through government, Non-QM, investor DSCR, and HFA with down payment assistance. PRO Portal is how you originate them. Piper stays on the file.
Conventional is for borrowers who can document income the agency way: W-2s, tax returns, and a credit profile that supports full documentation. Standard and high-balance cover conforming and high-cost markets. First-time homebuyer and affordable housing executions help when the borrower needs a lower down payment or an income overlay conventional affordable programs allow.
FHA is built for first-time and repeat buyers who need a lower down payment and more flexible credit than conventional. 203(b) covers standard and high-balance purchases. Streamlines, 203(k) renovation, and Section 184 Indian Housing serve refinance, rehab, and Native American housing files that will not fit a vanilla agency box.
VA is for veterans, active duty, Guard and Reserve, and eligible surviving spouses. Purchase and high-balance work when entitlement supports a $0-down primary residence. IRRRLs refinance an existing VA loan in Standard and High Balance, Fixed and ARM.
USDA is for buyers of a primary home in a USDA-eligible rural or suburban area who meet area income limits. Standard and high-balance give $0-down financing when the property maps as eligible. Streamline and Streamline-Assist serve borrowers who already have a USDA loan and need a simpler refinance.
Non-QM is for self-employed and other borrowers whose income will not fit agency documentation. Full doc is available when they can document it. Bank statements (personal and/or business), P&L, and asset depletion cover files where tax returns understate cash flow, with interest-only available on these executions.
Investor loans are for real-estate investors, not owner-occupants. Qualification is based on the property's rental cash flow (DSCR), not the borrower's personal DTI, and interest-only is available. Use this when the file is an investment property and rents, not W-2s, tell the story.
HFA programs are for first-time and income-eligible buyers who fit a participating Housing Finance Authority. Down payment assistance can cover part or all of the down payment when the HFA overlay allows it. Price the authority on the file in PRO Portal.
