AAXY Mortgage offers a variety of loan programs to meet your needs. We have a full line of loan products including conforming, jumbo, FHA, VA, and loans for investors. Please contact us for your questions, and we will find the best loan products for you. All consultation, rate quote and pre-qualification and/or pre-approval are free.
All loan products are for 1 to 4 unit residential properties.
No Income verification Loans.
Community Mortgage: This lender qualifying a buyer/borrower just based on her/his credit history, asset for down payment and reserves, and the property value and condition. Can close quick, no pre payment penalty. Currently we offer 30 year fixed rate term.
Alt income verification Loan for Home Buyers.
This loan products does not need tax return, paystub as traditional lender required. Borrower can use 3 month, 12 month or 24 month bank statement (business and personal) to show income. VOE letter from a employer or CPA P&L statement can also be used.
No Income verification for Investors.
Usually these kinds of loans are called DSCR or no ratio loans. qualification is based on credit history, property value, down payment, the property fair market rental and some other conditions.
10. 15, 20, 30 year fixed rate conventional, conforming. For purchase, rate/term refi and cashout refi.
This group of loan products comes with most competitive pricing (rate, closing cost). The recommended down payment for primary home is 20% and for investment properties is 25%. We do offer loans in this group with 3% minimum down payment for primary home and 15% down payment for investment purpose. The credit requirement is 620 or above. If you have 740 or higher credit you will get the best rate. Other conditions that can help you get a better rate is credit history, work history, debt to income ratio, documented stable income, and enough documented assets. Property still needs to meet certain requirements. AAXY Mortgage works as a direct lender for this group of loan products. The max loan amount at this time is $647200 for a single family house (2022 loan limit) in most area and $970,800 for high cost area. multi units like duplex or 4-plex can get higher loan amount limit.
Please visit Fannie Mae web site for current conforming loan limit. Currently we offer this group of loan products in Texas and California.
3/1, 5/1, 7/1, 10/1 adjustable rate conventional, conforming loans. For purchase, rate/term refi and cashout refi.
This group of loan products comes with most competitive pricing (rate, closing cost). The recommended down payment for primary home is 20% and for investment properties is 25%. Even we do offer loans in this group with 3% minimum down payment for primary home and 15% down payment for investment purpose. The credit requirement is 620 or above. If you have 740 or higher credit you will get the best rate. Other condition help you to get better rate is credit history, work history, debt to income ratio documented stable income, enough documented assets. The property need meet certain requirements. AAXY Mortgage works as a direct lender for this group of loan products. The max loan amount at this time is $647200 for single family house. multi units like duplex or 4-plex can get higher loan amount limit. Usually rate adjust every 6 month or one per year based on Secured Overnight Financing Rate (SOFR) Index. We do not offer ARM loans for primary home cash out.
We offer most ARM loan products that Fannie Mae offers. Visit this link for more detail.
Read CFPB ARM Book to understand how an ARM loan works.
Please visit Fannie Mae web site for current conforming loan limit. Currently we offer this group of loan products in Texas and California.
>15, 30 year fixed rate conventional, jumbo loans. For purchase, rate/term refi and cashout refi.
This group of loan products comes with competitive pricing (rate, closing cost). For loan amount over conforming amount (currently $647200 for a Texas single family house). The credit requirement is 680. If you have 800 or higher credit you will get the best rate. Other condition help you to get better rate is credit history, work history, debt to income ratio documented stable income, enough documented assets. The property need meet certain requirements. AAXY Mortgage works as a direct lender for this group of loan products. The max loan amount at this time is $10,000,000 for a single family house.
Term: 30 years Maximum Amount: $10,000,000. We currently can offer jumbo loans in Texas and California.
5/1, 7/1 adjustable rate conventional, jumno loans. For purchase, rate/term refi and cashout refi.
This group of loan products comes with competitive pricing (rate, closing cost). For loan amount over conforming amount (currently $647,200 for a Texas single family house). The credit requirement is 680. If you have 800 or higher credit you will get the best rate. Other condition help you to get better rate is credit history, work history, debt to income ratio documented stable income, enough documented assets. The property need meet certain requirements. AAXY Mortgage works as a direct lender or a broker for this group of loan products. The max loan amount at this time is $10,000,000 for a single family house. Most arm rates will change based on SOFR index after the end of initial fixed rate term. We do not offer ARM loans for primary home cash out.
Maximum Amount: $10,000,000. We currently can offer jumbo loans in Texas and California.
15, 30 year fixed rate FHA loans. For purchase, rate/term refi. Primary home only.
FHA/VA loans are loan products sponsored by US federal government that require low down payment. The down payment can be 3.5% for FHA loans. Max FHA loan amount is published by HUD and may change. Please visit HUD web site for current loan limit. We also provide arm rate FHA loans. We offer FHA loans through broker channel.
Current Index used for arm loans are: Acceptable index options on FHA insured ARM loan transactions are 1) the Constant Maturity Treasury (CMT) index (weekly average yield of U.S. Treasury securities, adjusted to a constant maturity of one year); or 2) the 1-year London Interbank Offered Rate (LIBOR).
Read CFPB ARM Book to understand how an ARM loan works.
We offer FHA loans in Texas and California.
Fixed rate or arm rate VA loan products. For purchase, rate/term refi. Primary home only.
This group of loans are specifically for qualified retired and active duty army members. There are no down payment requirement and mortgage insurance required. If you qualify, this is definitely the best loan products for you. Requirement is required. Both fixed rate or adjustable rate loans available. Max loan amount is mostly based on your qualification.
We also offer VA ARM Loans. All VA ARMs are tied to an index called the constant maturity treasury.
Read CFPB ARM Book to understand how an ARM loan works.
We offer VA loans in Texas and California.
Loans for people not able to be qualified from above loan products.
This group of loan products are for people normally not able to get a loan from above loan products. Examples are non US citizen or resident, limited or use other income documents (like monthly bank statements), renovation loans (Fannie Mae, FHA) for property not able to be accepted “as is” (bad condition property). Please contact us to see if we can help you to get a loan for your real estate need.
We offer this products in Texas and California.
Other loan products:
We may help you find a lender (AAXY LLC do not directly lending or broker this group loan products). This including most commercial purpose loans, including but not limited to small construction loan for fixed up, short term home improvement loans for before selling remodeling need. If you have need for such loans, please contact James Wu at (512) 785-3841, text message is better.
All loan applications are subject underwriting approval. AAXY Mortgage (a dba of AAXY LLC) is a equal housing lender and broker.