FHA, VA, Conventional & Non-QM Loans After Foreclosure | Live Rate Comparison

Ready to return to homeownership after a foreclosure?
Join our livestream as we break down FHA, VA, Conventional, and Non-QM loans, including wait times — from FHA’s 3 years to VA’s 2, Conventional’s 7, and flexible Non-QM options in 0–24 months.

See live side-by-side rate quotes to understand how pricing changes based on your credit recovery. Whether you want the fastest route back or the most flexible program, this session gives actionable insights and a clear roadmap to move forward with confidence.

📲 Join live, ask questions, and stay engaged!
🎥 Watch the full episode

Catch all the episodes of Daily Mortgage Rates LIVE at https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-Podcast

Check out all episodes of Daily Mortgage Rates LIVE at https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-Podcast

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation!

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages...

Transcript

We are a lender and broker that operates in over 20 states, with over 100 loan officers that would be happy to help you out here for anything we go over today. But as we do every day, we'll check out the general market for all of our standard programs, and then we'll go into a deep dive typically into one of our specialties. Here at the Mortgage Calculator, we love to offer some of our non QM options that are typically a little a little bit outside the box, and unique programs, and we especially like to highlight those today.

And that's what we'll be going over for anybody, that unfortunately experienced a foreclosure event or other similar event, very similar. We're gonna use foreclosure in this example today. But other credit events such as deed in lieu of foreclosure and other housing credit history events in a similar fashion here. So we'll go over the standard options and then explore our non QM options which are unique. So let me go ahead and get started with the show today.

So again, if you wanna get a full breakdown of full itemized loan estimate with all of the, fees and the full APR for your exact scenario, please visit our website. We connect you with a licensed loan officer. Let me switch my screen here. Yeah. We first wanna pull up, just the general so you see here, this is the ten year treasury, over the last five day period.

Slowly moving up. Some news in the markets, a lot of movement there, but this happens on a daily basis. Definitely always love to put it into perspective for all our borrowers, the ten year treasury. It's one of the best indicators for all our different programs, so it's a great indicator overall. Obviously, there are specific indexes, that are better offers, certain products, and but if we pull this up to the last year, we can see we are still pretty much at one year lows here.

So definitely still still a great time to be out there shopping. Some good news from the markets here in the next few days. And now let's check out our let me actually refresh this now that we tune. So all of our standard programs here are live with the latest pricing here, And we always pull up a standard scenario so we compare across all the different programs in one. And we always pull up a standard single family home, 500,000 purchase in these examples here, 300,000 loan amount, correspond 6% loan to value, $7.65.

So obviously, these are very, high numbers. That way we can compare every single over 20 programs here listed on this page, which obviously need those settings. Here for conventional primary, typically what most people think of when they think of a mortgage using a loan option comes in today 5.875, lowest for 6.135 with all of the fees included there. And for our borrowers that may not qualify for we wanna present an FHA option as well for leniency on credit issues and a higher overall debt to income ratio. And, does require upfront yearly mortgage insurance.

Today for the scenario, 5.2. LFR 6.137, just a touch higher than conventional, with all of the fees included there. So sometimes, they're a little bit different. Our VA eligible borrowers are active service members, vets, and surviving spouses here. If you are these programs are amazing.

Our rates today come in at 5.375, but with all the fees here for VA, comes in at five point sixty seven five hundred yards. So we compare that to FHA and conventional, definitely, typically the best option for our VA borrowers. And for our borrowers that are looking in those rural areas of the country, definitely a great option to compare. So if our borrower income wise and the property is in one of those USDA eligible areas, these are great options here. USDA coming in at 5.125.

Today, final eight, five point eight zero two. And now we get into, some of our favorite options, our non QM options. First up here, our option for primary home. So far, our conventional FHA, VA, USDA, any of these options, we typically wanna present a non QM alt doc option. Most of our self employed borrowers may need to to qualify for the loans, bank statements, ten ninety nines, etcetera.

And you see here, we'll compare that option. So if you can't go conventional, our alt doc option for a primary home, 5875 rate, same rate. Finally, PR is 6.145. So just a touch there for non q m, which is amazing. I'll talk for our investment properties as well.

Final, rate here today, 6%. Final PR point three two one. And the dimensional options for investment property. Final rate today here, 6% flat. DPR, 6.11.

So just a touch cheaper than all thought. Our favorite options here are DSCR loans, stands for debt service coverage ratio. No income or employment to use. We simply use from the investment property here in this scenario to cover the expenses here. So if the estimated rent I a of the mortgage payment, that's our DSCR ratio of one or above used for all these examples.

And first example penalty, standard for these investor loans, 5.999 rate. Final figure of 6.258. We can add a five year prepayment penalty to, the rate typically. Actually, today's rate is the same, 5.999. But notice the cost is a little bit cheaper there when we add the five year prepay.

PR comes in at 6.222. And we do have options for no prepayment penalty there. So final rate for that option comes in at 6% if our investor or the state may not allow it in some cases. LIPR three two one, very comparable to conventional. So typically our investors may choose this option still.

And we have a ton programs. Again, please get with one of our licensed loan officers that be any of these unique options that we offer. But today, we're gonna go into our alternative options. So, our borrower has experienced a foreclosure event. Again, as I said at the start of the show, a foreclosure event is a event.

So other housing history events are treated similar, deed in lieu of foreclosure, forbearance, some of these other events. But foreclosure is the most common and the big one. So what we use today. So for borrowers, unfortunately, I'm going to compare the different options for them to get back into the market. We need to identify a property.

We use the same one as the last property was eligible for all the different programs. So So here we have an exact scenario for an exact property, so we can use it for an exact example or wants to purchase this property that is actually nearby. And to use conventional, which is typically the first off notice here, it's not I have here in the notes. Conventional options require seven years before we proceed before we can proceed. So it's just basically so this is a standard conventional 5% down quote, what most borrowers would want to see when they think of a conventional loan.

And we just need to note that this requires seven years of seasoning, which is some of the highest. So definitely we wanna explore other options typically for our borrowers than seven years. So this is our lowest rate option, 5.75 for 2.5 discount points in cost. And we have our par rate or zero cost option for 6.49 in this example here. And, again, we were using all those same setups, seven sixty five go, etcetera.

Now for our a more recent event, a lot a little more leniency. So here in the notes, you can see FHA requires a three year waiting period. Closure before we can offer an FHA option. So if our borrower and we could offer this option standard, three and a half percent down here, 5.375, low 1.853 discount points. And our 6% rate option actually forwards a little bit of lender credit there, point nine eight three towards closing costs.

So to option here, the typical FHA requested down payment requires three years as we went over. And our final quote, unquote option here, I wanna explore the events for eligible vets. Eligible veterans, have a little bit more leniency there. There is a two year wait period events for VA loan. So this is simple VA rate option costing 2.423 and a 5.99 rate option.

This 6% rate option is a little better at point. And this is a 100% LTV purchase, so 0% down payment for our eligible bet. And now the very unique option. So, typically, most of our borrowers already know a lot of that information, which is pretty public out there. If you just search the Internet, different waiting periods that are required for the standard loan programs.

But if our borrower, doesn't qualify for VA and has less than three years, there are no stand that's where we love to present our options. So first up here, probably the, more standard option here, we have our non standard 10% down, so that's the lowest, down payment we can do for our non QM options and that has no PMI, which is amazing. And that's for our primary home, of course, for that exact home. And this is two plus years after foreclosure, so more than twenty four months after foreclosure in this example. And we have options for less, but let's look at this amazing option here.

So if we actually record that foreclosure event, we can actually start the loan using this non QM program. This is a full document. You can use bank statements, etcetera. And the rate today coming at 8.75, so a little bit higher rate, obviously. Discount points there, 1.875.

And this is 10% down for that exact home, 90% LTV, no PMI required. And that is going to have to have a seven sixty credit score. As example, we wanna make sure we got the highest LTV option. Of course, most of our borrowers that have experienced an unfortunate event trouble to get that score back up. Hopefully, that would be the but the challenge of finding a program, we do have those programs available.

Now let's check out borrower with less than two. This is where it starts to get a little bit more hairy here. So once we get into this realm, I did a couple options for 10% down payment on the price was too high to present here in a realistic scenario. Perhaps if we had a bunch of seller credits, we could something similar, but we can't just come right out and quote it. But if we set a 15% down payment or 85 loan to value, we do have options that pull up for plus year post foreclosure, so thirteen months or more.

And you see here the lowest rate option, 7.99, actually a little bit lower rate, a little bit more down payment, and the discount points there, 1.875 in discount. I noticed that has a little bit more down payment required. A seven sixty credit score might be a little bit hard to attain, but this is an example scenario for our borrowers that need that little extra help. Now the most unique option that took me a little bit while to, put together here, are event options for under one year after foreclosure. So this is I had to dig through, and I did the last option that we have today.

Pretty unique. As long as our borrower's able to put 30% down payment, we're able to get pricing options here for a primary home, of course, with under one year post foreclosure events. And the rate here because we put a lot, more down payment actually is a better rate, 7.375 rate costing five discount points and costs. But our borrower does need to come up with a hefty debt. Hopefully, that's possible.

We love to make these and again, probably the biggest challenge for the borrower would be able to get that credit score up. If the credit score lower because of credit issues, much more of a challenge. So for our borrowers out there that have experienced these unfortunate events, we do have options. Please get with some of our they'd be happy to explore all the different exact options for your exact scenario. We love to, again, offer those unique solutions.

Any questions here on the live event today, we'll see you back to more unique options that we have for other events that may come up. So we'll see you there, buddy.