The Perpetual | Home Loans with the Rockstar Treatment, Every Time

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: $647,200 (Depends on County)

Conv. 20 Year Fixed

Conventional 20 Year loans are available up to a 97% LTV.

Term: 20 years

Maximum Amount: $647,200 (Depends on County)

 

Conv. 15 Year Fixed

Conventional 15 Year Fixed loans are available up to a 97% LTV.

Term: 15 years

Maximum Amount: $647,200 (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: $647,200 (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: $647,200 (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: $647,200 (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

No down payment like a Rockstar

Rockstar financing for Rockstar Cribs

At The Perpetual, we offer a custom program for Rockstars that need a zero down payment solution.  This program combines a no PMI Conventional 1st mortgage along with a community affordable 2nd mortgage for the down payment.  Although additional requirements will apply, you would need to have a 660 credit score to qualify for this.  Also remember that you have to have cash available for closing costs – no down payment doesn’t mean that there’s no money out of pocket, homie.  You’ll need to budget for an appraisal, home inspection, and any closing costs that are not being covered by the seller.

Term: 30 years

Maximum Amount: Depends on Locality and Loan Program

Black Diamond 100

A truly bespoke option for sophisticated clients

The Perpetual’s exclusive Black Diamond 100 program was designed for sophisticated borrowers who would rather deploy their cash in other investment vehicles, rather than a down payment on a home.  The Black Diamond 100 is also an excellent choice for a high-earning professional that has great cashflow, but cash is limited. With zero down payment required up to $500,000 (up to $700,000 may be allowed on an exception basis for the most highly qualified clients), this program allows you to build equity more quickly with a 20 year term, and offers fixed rates for 3, 5 or 7 years.

Term: 20 years

Maximum Amount: $750,000

Black Diamond 100 “Docstar”

Bespoke financing for Rockstar Doctors

The Perpetual’s exclusive Black Diamond 100 “DOCSTAR” program was developed to empower Medical Doctors to leverage their high-earning potential with the ability to keep their cash for other opportunities.  DOCSTAR allows equity to be built in an accelerated fashion by using a 20 year term instead of 30. It also allows for special underwriting considerations to be made that address specific concerns of the medical community.  With zero down payment required up to $500,000 (up to $700,000 may be allowed on an exception basis for the most highly qualified clients), this program allows you to build equity more quickly using a shorter amortization, and offers fixed rates for 3, 5 or 7 years.

Term: 20 years

Maximum Amount: $750,000

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

The Perpetual Financial Group, Inc.
1325 Satellite Blvd NW
Building 1100, Suite 1120
Suwanee, GA 30024

info@theperpetual.com

Ph: 770-972-4955

Fax: 770-972-6336

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