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Specialized Lending Solutions (Niche Products)


Specialized Lending Solutions (Niche Products)


What are Niche Products?

Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you home. Complex income, large scale investments, challenged credit, and limited documentation are all scenarios that we see daily. As your NQM (Non-Qualified Mortgage) Expert, FDM has the solution that your unique situation may require. Put our years of experience to work for you today!


Down Payment Assistance Options


  • Federal Home Loan Bank of Atlanta (FHLB)

    • Up to $15,000 for down payment/ closing costs

  • Virginia Housing

    • Up to 4.5% for down payment/ closing costs

    • Mortgage Credit Certificates (MCC)

    • SPARC Program (up to 1% interest rate reductions)

  • FDM FHA 100

    • Up to 3.5% for down payment

  • Maryland Mortgage Program (MMP)

    • Up to 4.5% for down payment

    • Student loan consolidation as part of purchase

  • FDM Welcome Home Credit

    • Up to 2% in closing cost assistance


Non Qualified Mortgage Solutions (NON-QM)


  • 12 & 24 month bank statement Program

    • Up to 90% LTV

    • Income qualification based on average deposits

  • Profit & Loss bank statement Program

    • Up to 90% LTV

    • Income qualification based on P&L

  • Debt Service Coverage Ratio (DSCR) Program

    • Up to 80% LTV

    • Income qualification based on cash flow of subject property (Non-owner only)

  • Standard ITIN Program

    • Up to 85% LTV

    • Full or alt doc options available

  • FDM LINK PROGRAM

    • 96.5% LTV for non-Agency borrowers

    • ITIN, self-employed <2 years, significant credit events, limited credit profile


Commercial Lending Solutions


  • Fix-N-Flip Line of Credit

    • Exposure from $500K to $5M

    • Qualification based on FICO, assets, and investor experience

    • Allows for quick project completions in rapid succession

  • Traditional Commercial Lending Solutions

    • Warehouse, retail, professional office condos, suites, apartment buildings

    • Up to 75% LTV


Specialty Products


  • RENOfi

    • After purchase close HELOC Option

    • Up to 125% LTV

    • To be used for renovations and property

  • Construction Loans

    • Both construction-to-perm (C/P) and one-time-close (OTC)

    • LTV up to 90%

  • Doctor Program

    • 95% LTV

    • Up to $2M

    • No PMI

  • Vacant Land Loans (buildable)

    • Up to 70% LTV

  • Student Loan Refinance


The above description is very basic and does not cover all the details.  Every loan product has fine nuances, exceptions, exclusions and inclusions. To find out which loan product fits you best you should consult a Morgage Loan professional for tailoring your loan to your needs and your situation.  FDM is qualified for all these loan products and more, including grants and other unique products.

We would be honored if you pick us to be your Lender. 
Visit our  Ratings page to learn more about us and how our clients evaluate our service!

Call Us! We would be happy to serve you!

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NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829

No FDM Borrower Left Behind!

 

555 Quince Orchard Road, Gaithersburg, MD 20878

Direct:  (301) 869-6000 | (866) 527-8052  |  contact@fdmhome.com

NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829