Specialty Products

AMERICAN PACIFIC MORTGAGE

We have a multitude of innovative programs to serve your unique mortgage needs.

Click on a specialty product below or scroll down to learn about our innovative home loan programs. Our loan officers will help you select the perfect loan for your specialty needs.

Jumbo Programs

Jumbo Solutions

Keys On Time Guarantee

Expanded Access

Peak

STaR Loan Program

Dream Home Renovation

Investor Advantage

Home Ready Fannie Mae

High Balance Solutions

WHAT CAN I AFFORD?

Use our mortgage calculators to see current mortgage rates and determine your monthly payment.

MORTGAGE CALCULATORS

If you are looking to buy a home that exceeds conforming loan limits in your area, you may need a Jumbo loan. We offer nearly a dozen Jumbo investor loan programs to choose from. With our in-house delegated underwriting we can make sure your deal closes fast!

In-House Delegation to $2M
85% LTV to $3M
90% LTV up to $1.5M-No MI
80% LTV to $2M-Non-Warrantable Condos Available
2nd homes up to 80% LTV
5/5 and 15/15 ARM loan terms available
Foreign National Options available
ARM Interest Only Available
Up to 50% DTI and 55% with an exception for well qualified borrowers
FICOs as low as 620
Down payment gift funds available (after borrower minimum contribution)
Owner occupied cash out up to $400K up to 80% LTV

The Jumbo Solutions loan program is a “sister” program to our High Balance Solutions program. The Jumbo Solutions program can be used if you are looking to finance a home that exceeds conforming high balance loan limits.

Similarly, you can split the loan amount between a first and second mortgage. This may result in lower monthly payments due to potentially lower rates available through high balance conforming mortgage products.

Ask our team about qualifications.

Welcome to the 20-day Close with your offer backed by the purchasing power of a full loan approval. With our Keys on Time program, your offer will be the most attractive in a competitive market where we will work with you to get full underwriting loan approval to ensure your loan will close lightning fast, even if you have not yet identified the property. We are 100% committed to owning what it takes to get your loan funded on or before the close of escrow. If your loan does not close on time, we will credit you $895 in closing costs.*

You can combine Keys on Time with our SecureLock program to have the security of a locked in interest rate even prior to making a purchase offer.

Over 90% of owner-occupied homes qualify
First-time and move-up homebuyers are eligible
Single-family, condos, investment, second-homes

*Not available in Oregon. The “Keys on Time” program is a limited guarantee that APMC will provide a credit to the borrower of $895 after the close of escrow if, due to some fault on the part of APMC, its originators or other APMC staff, a purchase transaction does not close until a date after the originally stated close of escrow date. The “Keys on Time” limited guarantee does not apply if the purchase transaction fails to close on or before the anticipated close of escrow date due to events/circumstances beyond APMC’s control, including but not limited to, delays caused by: an unacceptable or unexpectedly low appraisal value on the subject property, acts or omissions by the escrow or title company, second lien holder approvals, short sale approval, or loan conditions imposed by the lender that, despite reasonable diligence by APMC, are not met by any party in a timely manner. The “Keys on Time” limited guarantee trigger begins when the initial loan package is received by APMC’s Fulfillment center. The complete loan package must be received in the APMC Fulfillment center a minimum of 20 days prior to the COE date. Exclusions: The limited guarantee does not apply to the HARP program, reverse mortgages, FHA 203k, non-delegated jumbo products or any loans that require prior approval from an investor. The limited guarantee applies to purchase transactions only. All programs are subject to borrower and property qualifications. Rates, terms, and conditions are subject to change without notice.

With our Expanded Access program, we have opened the doors to borrowers who need access to financing but don’t “fit” the standard agency or jumbo program guidelines.

The Expanded Access program provides financing options for borrowers that have difficulty documenting their income, or have debt-to-income (DTI) up to 50% (or even 55% on an exception basis).

Expanded Access also provides options to borrowers with a recent credit event such as a short sale/foreclosure or a mortgage late.

Expanded Access offers fully amortizing fixed, ARM and interest only ARM options to facilitate financing on primary, second home and investment properties.

Loan amounts from $100K-$2M
Up to 90% Loan to Value with full documentation
Up to 85% LTV with bank statement documentation
620 minimum FICO credit score
Recent credit events allowed include mortgage lates, settled housing events, and 12 month seasoning on a bankruptcy
30-year fixed, 5/1, and 7/1 ARMs
Interest only options on 5/1 and 7/1 ARMs

Our Peak Loan program allows you to buy a home up to $1.5M with only 5% down. The loan terms can even be extended to 40 years, with the first 10 being interest-only payments.

The Peak 2nd Lien loan program can also be an option for you to access the equity in your current home (up to 95% combined loan to value) and use it toward home improvement, debt consolidation, or as a source of down payment on a second home.

1st Lien Qualifications:

- Loan amounts up to $2.5M
- 5/1 ARM, 30 year fixed, and 30 or 40 year fixed with 10-year Interest Only options available
- 620 minimum credit score
- 50% maximum debt to income ration
- Non-warrantable condos allowed

2nd Lien Qualifications:

Loan amounts from $20,000 to $500,000
10, 15, 20, and 30 year fixed terms available
Available in 2 different options:
- Stand alone
- Second mortgage closing concurrently with a loan (for either a purchase or refinance)

A mortgage program dedicated to saving our selfless teachers, first responders and correctional officers a little money on their home loans. Current full-time employed teachers, police, firefighters, and correctional officers are eligible for our STaR program, which makes the process of obtaining a mortgage a little bit easier.

Save up to $500 in reduced Lender Fees for qualified Teachers, First Responders, and Correctional Officers
Gift fund options available which can be used for 100 percent of the home purchase down payment
Take advantage of lender paid mortgage insurance options to reduce your monthly mortgage expense
Gain peace of mind with a one-time interest rate renegotiation option, if rates improve prior to your closing docs being drawn

Borrower Qualifications

Teachers: Must hold an appropriate teacher credential and be currently full-time employed in a public/private school
Police/Sheriff/CHP: Must be currently employed full time with City, County, or State Law Enforcement
Firefighters/First Responders: Must be currently employed full time with the City, County or State
Correctional Officers: Must be currently employed full time with City, County, or State Law Enforcement

If you can dream it, you can make it a reality. With our Dream Home Renovation program, you can buy the property that needs some renovation.

Save time and money by financing the purchase with the cost of the repairs included in your mortgage.

Create your dream home instead of buying someone else’s
The loan amount is based on future assessed value of home
Take advantage of properties in great locations that need renovation
640 minimum FICO required
110% loan to value

Income Property Financing Just Got Easier

If you are looking to purchase your next investment property, our Investor Advantage loan programs will get the deal done.

Investor Advantage gives you the most purchasing power in the market today for investment properties. There are two loan programs to choose from to fit your needs:

Investor Advantage

Minimum FICO – 640
Max LTV- 80%
Max Loan Amount- $2M
SFR & 1-4 unit properties Condo
Income documentation required

Investor Advantage Pro

Minimum FICO – 640
Max LTV- 75%
Max Loan Amount- $2M
SFR & 1-4 unit properties Condo
No income documentation required. Appraisal and asset documentation required

As an alternative to the FHA program, Home Ready is a conventional 3% down mortgage loan with even more flexible income qualification guidelines. In addition, Home Ready may have reduced mortgage insurance options, including no upfront mortgage insurance fees and may be cancelable per servicer/Fannie Mae guidelines.

Qualifications:

The mortgage is a fixed rate loan up to $424,100
Up to 97% LTV financing (3% down)
Eligible properties are single family-dwellings, PUD or condos as the owner’s primary residence
Gift funds or Community seconds are allowable for the down payment
Non-occupant co-borrower’s income can be used for qualifying
Single-family accessory unit or boarder income can be used in qualifying

If you are looking to finance a home that exceeds conforming loan limits, our High Balance Solutions program will get the deal done.

Under this program, you can split the loan amount between a first and second mortgage. This may result in lower monthly payments due to potentially lower rates available through conforming mortgage products.

Ask our team about qualifications.

Lock your rate and secure peace of mind. With our SecureLock programs, you can lock in today’s competitive rates while you shop for a home, sell your home, or while your home is under construction. You can also take advantage of a float down option if rates go down prior to signing your loan documents. If rates go up, you are secure!

Lock and Buy:
Lock in your rate while you shop for a home

Lock and Build:
Lock in your rate while your home is under construction

*To qualify for this program, APM must give full credit approval to all borrowers on the loan. There are specific terms for each lock, based on which variation of the SecureLock program is used. Contact us today for full details.

If you are looking to purchase a home with a low down payment and flexible sources of funds, our Freddie Mac Home Possible AdvantageSM offers the most flexibility for maximum financing:

Max loan amount up to $424,100 for single-family dwellings in most US counties and $636,150 for high-cost areas*
Up to 97 percent LTV financing (3 percent down)
Down payment assistance programs and/or affordable second mortgages available
Flexible sources of funds can be used to qualify
Low to moderate-income buyers
Lower mortgage insurance coverage requirements, which means lower payments

* Each county limit is published on FHFA's website: www.fhfa.gov. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam and the U.S. Virigin islands.

This mortgage program is for borrowers who have high assets, but an unsteady monthly income. With the Asset Inclusion Loan program, borrowers can factor in the assets they have remaining — after their down payment and closing costs — as sources of qualifying income.

Eligible for Primary, Secondary, and Investment properties
Loan amounts up to $1.5 million
Up to 80% loan-to-value
700 minimum FICO score required
Not available in Hawaii and Nevada

Our Bridge Loan programs can help you purchase a new home before your existing home is sold. If a seller is unwilling to consider purchase offers with sales contingencies, we have two programs to choose from:

Close with Confidence Bridge Loan

This loan program is designed for borrowers who are in contract for the sale of their existing property, and want to make an offer on another property without a sales contingency. Under this program, you can take the equity from your current home (that is a pending sale) and use the funds to purchase a new home.

Debt Inclusive Bridge Loan

This loan program is designed for borrowers who want to take equity from their current home that is listed for sale and use the funds to purchase another home. All of the debts for the departing residence including any payments on the bridge loan (if any are required) are factored into the borrower’s total DTI when purchasing the new home.

Ask our team about qualifications.