The Perpetual is utterly committed to giving you the ROCKSTAR TREATMENT during the loan process, and we can’t do that without offering a broad collection of programs we tailor to your needs. You’ll find a sampling of the kinds of things we can offer you on this page.
Conventional Loans
Conv. 30 Year Fixed
Conventional Loans are sold to Fannie Mae or Freddie Mac, although you will make your payments to a different servicing lender. These loans are allowed up to 97% of the appraised value.
Term: 30 years
Maximum Amount: $726,200 (Depends on County)
Conv. 20 Year Fixed
Conventional 20 Year loans are available up to a 97% LTV.
Term: 20 years
Maximum Amount: $726,200 (Depends on County)
Conv. 15 Year Fixed
Conventional 15 Year Fixed loans are available up to a 97% LTV.
Term: 15 years
Maximum Amount: $726,200 (Depends on County)
Conventional PMI Shredder
We all know that PMI on your mortgage is generally as welcome as your Mom dumping a bucket of cold water on you at 5am to make you get up and scrub the toilet while blasting “Space Cowboy” on a boombox. And since that is very, very unwelcome indeed, The Perpetual has come up with the PMI SHREDDER program. This is a program that we offer for highly qualified clients to where there is no monthly PMI on the loan, which is way better than hearing “Space Cowboy” at 5am (or really anytime, because that song is terrible). Restrictions apply on this program, of course. You have to have great credit scores for it to work but if you do, it’s pretty rad. Just like saying the program name in Hulk Hogan’s voice.
Term: 30 years
Maximum Amount: $726,200 (Depends on County)
Asset Depletion Programs
Are you like Scrooge McDuck, rolling around in a vault full of gold coins? But maybe you don’t show a lot of income on your tax returns because you have liquid assets but aren’t taking a regular distribution? We have loan programs for people that don’t need to borrow money, but want to so they don’t have to deal with wheelbarrows full of gold at the closing table. There are ways to qualify you using (gasp) common sense where your asset balances are used in place of traditional income calculations.
Term: 30 years
Maximum Amount: $726,200 (Depends on County)
Breaking all the Rules for the Self-Employed
If you’re like us, you don’t really like rules – and that’s why you’re self-employed. It’s so you can make your own rules up, buy an island to build a commune on, put “Breaking All The Rules” by Ozzy on repeat and create your own governmental structure based on Lord Of The Flies….wait, what were we talking about again? Ah, yes. Mortgages for the self-employed. If you’re self-employed, you have come to the right place. Because in addition to our ridiculous sense of humor, we have programs for entrepreneurs that think outside the box. Most entrepreneurs struggle to qualify for traditional mortgage financing because of the constant compromises required to show enough income on their taxes to get a loan, but they also don’t want to pay the gubmint a boatload of dough. So if you’ve got a solid business, good credit, and a good down payment we have programs for you like these:
- No Income Verification
- Bank Statement Income Analysis
- 1099 Only Programs
- Underwriting on only 1 years’ tax returns
- Debt Service Coverage loans for investors
Term: 30 years
Maximum Amount: $726,200 (Depends on County)
The Real Rockstars Hero Program
You kick ass for the community, and it’s time you got a little something in return
The Perpetual and all our Rockstar team members appreciate and respect the heroes that serve our communities; that’s why we came up with The Real Rockstars program. This gives professionals on the First Responder, Education, and Medical frontlines a token of our respect and appreciation for them in the form of a Lender Credit in the amount of .25% of the loan amount against your closing costs. In addition, when you are buying a home, if you work with one of our approved Program realtor partners, they will also provide you with a credit of 10% of their commission on the transaction, which can be used to reduce the price of the home or to pay closing costs. Both credits can save you thousands of dollars on the deal.
Term: Various; Made-To-Measure Like Custom Leather Stage Pants
Maximum Amount: No Program Maximum
Black Diamond Bespoke Ultra Jumbo Program
A lot of our clients here at The Perpetual are High Net Worth individuals, celebrities, athletes and entrepreneurs, and we developed the Black Diamond Bespoke program to meet the complex needs of these clients. This loan program allows for Ultra Jumbo to $30 Million and above in residential financing to acquire or refinance the most Rockstar of Rockstar abodes. The Black Diamond Bespoke program has flexible and common sense income underwriting, and is designed for the highest of high-end borrowers.
FHA Loans
FHA 30 Year Fixed
FHA Loans are available for purchases with 3.5% down, and refinances with an appraisal up to 97.75% of the appraised value. For cash-out refinances, they are available up to 80% of the appraised value of your home. FHA also offers Streamline Refinance options with no appraisal requirements, and much lower documentation requirements as well. You can also use a 203(k) FHA loan to renovate a property.
Term: 30 years
Maximum Amount: Typically $471,500 (Depends on county – some high cost areas have higher limits, and some rural areas are lower. Most metro areas will be $471,500)
FHA 15 Year Fixed
FHA Loans are available for purchases with 3.5% down, and refinances with an appraisal up to 97.75% of the appraised value. For cash-out refinances, they are available up to 80% of the appraised value of your home. FHA also offers Streamline Refinance options with no appraisal requirements, and much lower documentation requirements as well. You can also use a 203(k) FHA loan to renovate a property.
Term: 15 years
Maximum Amount: Typically $471,500 (Depends on county – some high cost areas have higher limits, and some rural areas are lower. Most metro areas will be $471,500)
Rockstar VA Financing for Rockstar Veterans
VA 30 Year Fixed
VA Loans are available to eligible Veterans with Zero down on purchases, and refinances with an appraisal up to 100% of the appraised value. For cash-out refinances, they are available up to 100% of the appraised value of your home, as well. VA Loans also allow for Streamline Refinance options with no appraisal requirements, and much lower documentation requirements as well.
Term: 30 years
Maximum Amount: Maximum Amount depends on Veteran’s entitlement but there is technically no maximum
VA 15 Year Fixed
VA Loans are available to eligible Veterans with Zero down on purchases, and refinances with an appraisal up to 100% of the appraised value. For cash-out refinances, they are available up to 100% of the appraised value of your home, as well. VA Loans also allow for Streamline Refinance options with no appraisal requirements, and much lower documentation requirements as well.
Term: 15 years
Maximum Amount: Maximum Amount depends on Veteran’s entitlement but there is technically no maximum
Jumbo ARM & Fixed
Jumbo loans are greater than Conventional loan limit and are available for both purchases and refinances. We offer adjustable rate options as well as fixed options, depending on the client’s financial goals and risk tolerances. In the jumbo space, we create a made-to-measure solution customized to your needs (as custom as Steven Tyler’s stage spandex, that is).
Investor Hard Money & Renovation Loans
Suitable for the next HGTV Renovation Rockstar, these are short-term loans made for the purchase & renovation of residential property. Custom tailored to your needs, we match you to a bespoke short term private mortgage solution with 6-24 month maturities. Draws are fulfilled at different stages of the process. This solution is appropriate for investors that want to “fix & flip” properties, or for investors that need to substantially renovate a property before renting it out to a tenant and converting to permanent financing.
FHA 203(k) Renovation Loans
When you need to party like a Rockstar – and by party, we mean live off of a hotplate in the garage for 2 months while your kitchen is remodeled – then this solution is for you. These are FHA loans that allow the homebuyer to finance in certain renovations and remodeling projects totaling more than $5000. There are two different versions of this program, depending on how hardcore you want this renovation to be, and they’re available on a 15 or 30 year term. Just kidding about the hotplate – you could probably put it in the living room instead.
Conventional Construction Financing
Do you need to build a house fast for your upcoming MTV Cribs* episode? Then this jam is for you. This bespoke construction program is typically used for a client that needs to build a home from the ground up. Funds are advanced to purchase the lot, and then they are distributed to the builder or contractor as the work on the property is completed. These are typically 6-12 month loans, and they will be converted to a permanent mortgage after the property is completed. *We know you’re not going to be on MTV Cribs, because everyone knows that MTV died 25 years ago.
Builder Construction Financing
In the wake of the 2008 financial crisis, construction loans for Builders became nearly impossible to obtain. Banks still remain pretty puckered up over them and many will still not do them. However, at The Perpetual we have built a wide-ranging suite of bespoke Builder Construction products, ranging from A+ Bank paper to Hard Money. Reach out to us so we can help you expand your business and help you build more Rockstar cribs.
GA Residential Mortgage Licensee (Lender) #17706
Florida Mortgage Lender License #MLD1465
Tennessee Department of Financial Institutions Registration (Lender) #118108
Licensed By The Department of Financial Protection And Innovation Under The California Residential Mortgage Lending Act
CA DBO 41DBO-96397
TX SML Lender Licensed
AL Consumer Credit License #22731
Arizona Mortgage Banker License #1007631
North Carolina Mortgage Lender License #L-189804
South Carolina Mortgage Lender/Servicer License #MLS-136261
FHA Title II Non-Supervised Lender
NMLS #136261
