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First Nation Financial Corp began with the belief that our clients’ best interest is our #1 priority. Today, this philosophy is more important than ever. Our loan officers, Jan and Kam, each with 30 years of experience, will utilize their resources to obtain the best and most competitive loan for you. We have access to hundreds of loan options offered by dozens of lending institutions that are not always available through traditional lenders. You save time and money. We take great pride in the fact that more than 90% of our business is either a repeat client or a referral from a client. We believe that this comes from our commitment to client satisfaction, superior service, and the spirit of competitiveness.

1. SPEED: We have closed loans as fast as 15 days

2. COMPLICATED LOANS: We close Bank Turn Downs at Competitive Rates

3. FIRST-TIME HOMEBUYER (FTHB) PROGRAMS:

3.1 DPA (Down Payment Assistance) Programs: Sponsored by the City, County, State, (CalHFA), and Federal Government

3.2 MCC (Mortgage Credit Certificate): Reduce your effective interest rate by up to 20%

4. NO TAX RETURN PROGRAMS:

4.1 STATED- INCOME: Qualify based on a self-prepared P&L (Profit & Loss Statement)
4.2 BANK STATEMENTS: Qualify based on your Average Monthly Bank Deposits
4.3 VOE Only: Qualify with a 1-page Verification of Employment form
4.4 NINE / NIVA/ NO-RATIO: No Income & No Employment Verification for both Owner-occupied and Rental properties!
4.5 No Income, No Employment, & No Asset Verification: For Investment / Rental properties.
4.6 DSCR: Qualify only based on the rental income of the Investment / Rental Property.
4.7 NO INCOME VERIFICATION (NIV) HELOC (Home Equity Line of Credit)

5. HIGH DTI (Debt-to-Income-Ratio): Qualify for up to 100% of your income vs. 43%

6. FOREIGN NATIONAL LOANS: Great Rates - No Tax Returns

7. SUBPRIME: For Borrowers with less than Perfect Credit Profile

8. MAJOR CREDIT EVENTS: Recent Bankruptcy, Foreclosure, Loan Mod, Employment Gaps

9. ITIN / EAD / DACA: For those on Work Visa, Employment Authorization Document, & Individual Tax ID No. (No social security number)

10. HARD MONEY/PRIVATE MONEY: Amongst the lowest rates & fees, and fastest in CA

LOAN QUALIFICATION OPTIONS

There are several options to qualify for a Residential Loan:

Full-Doc: This is the traditional full income documentation with two years of tax returns, W-2’s, and pay stubs. What makes us different is that we typically get our borrowers qualified at higher DTI’s (debt-to-income ratio) than traditional lenders. This means you can qualify for a larger loan amount/more home with the same income.
Stated-Income: This for the self-employed borrower who may not have filed his current tax returns, has complicated tax returns, or his past tax returns don’t reflect his current true income. Some programs require no seasoning of the funds which means no sourcing of any recent large deposits at the time of application.
Bank Statements: You may qualify only based on your average monthly bank deposits. No tax returns are required.
VOE Only: A salaried/wage earning borrower may qualify using a 1-page Verification Of Employment Form from the employer and skip tax returns, W-2’s, and pay stubs altogether.
NINE/NIVA/No-Ratio: No Income & No Employment Verification loans.