Whether you're a new home buyer looking for a first-time mortgage or needing to refinance your home mortgage, there are hundreds of types of mortgage and refinancing loan options available, each with its own qualification and terms. Luckily, you don't have to face it alone. At Malibu Funding, Inc, we understand that there is no one size fits all solution to home financing. Our experienced mortgage experts will work with you to find the best types of mortgages for your individual needs. For those buying a home, we offer free up-front credit approvals and fast on-time closings to make your loan as simple and easy as possible.
Conventional Loans
With a Fixed Rate Loan, your interest rate and the monthly payment will remain the same even if market rates increase. This loan is the most popular home loan because it offers the security of knowing exactly what your mortgage expenses will be for the entire length of the loan. We provide both 30 Year Fixed Rate Loans and 15 Year Fixed Rate Loans.
FHA Loans
These are federally insured loans that offer to finance to people who may struggle to qualify for traditional loans. Typically, FHA loans require little to no down payment, and feature flexible terms, making them popular among first-time home buyers and those with less-than-perfect credit.
Home Improvement Loans
Finance alterations, remodeling, or structural improvements with one of our Home Improvement Loans. These loans allow your mortgage balance to exceed the purchase price or appraised value of the home, so you can take out extra money for upgrades.
Jumbo Mortgage
Conventional loans are often not enough to cover the financing for high-priced luxury homes. A Jumbo mortgage is a privately securitized mortgage with higher payouts that can be used to finance up to 97 percent of your new home.
Reverse Mortgage
Seniors aged 62 and over are able to convert the equity in their homes to monthly income or a line of credit. Reverse Mortgages can also be used to purchase your retirement home.
VA Loans
Active duty military personnel and veterans can qualify for special mortgage rates and housing programs that are federally insured by the United States Department of Veterans Affairs.
Home Affordable Refinance Program (HARP)
The updates to the government's Home Affordable Refinance Program termed HARP 2.0, help homeowners, that were previously unable to refinance due to loan-to-value guidelines, take advantage of today's low-interest rates.
Foreign National Loan (No Income)
- 1 to 4-unit properties
- Loan amounts up to $2M
- No income, job, or credit required
- No Reserves
- Non-Owner Occupied only
- 5yr/7yr ARM & 30-year Fixed
- 70% Max LTV Purchase
- 65% Max LTV Refinance
- Condotels/Pudtels Allowed
Foreign National (Full Doc)
- 1 to 4-unit properties
- Loan amounts up to $2M
- Income, job, and credit letter required
- Reserves (6 - 12 months)
- Non-Owner Occupied only
- 3yr/5yr/7yr ARM
- 75% Max LTV Purchase
- 70% Max LTV Refinance
Bank Statements (Domestic Borrower Only)
Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months)
- Up to $4M Loan Amounts
- Up to 90% Max LTV
- Self-Employed and 1099 Borrowers
- 600 or greater credit scores
- No reserves are required at 75% or less LTV
- No 4506T / No K1’s / No P&L’s
- No MI
