Loan ProgramsThe following is a partial list of programs offered by Ace Mortgage Inc. of South Carolina with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 843-497-9500.
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Conventional
Traditional loan programs that usually require a minimum of 5% down and offer competitive interest rates. Full income & asset documentation and good - excellent credit are necessary.
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Stated Income Loans
These loans are for salaried borrowers exclusively and require a 20% down payment on primary residences or second homes, 25% down on investment property. Very strict credit score requirements for this program.
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Credit Problems
Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.
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Jumbo Loans
Offer 30 and 15 year fixed rate mortgage and competitive ARM products with full income & asset documentation. Loan amounts to $2,000,000. Cash out and rate/term refinances are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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Investor Loans
Used to finance 1-4 family properties that will be for investment with a 20% down payment.
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Flex 97%
Similar to FHA, but without maximum mortgage amount limitations. Must be a single family, owner occupied home and borrower must have a credit score of over 680.
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