Loan To Value
Max LTV
80%
Max LTV
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Rates as Low as 6.625%. (2.75% buydown. 60% LTV. 740 Credit Score )
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Purchase * Refinance * Cash Out Eligible
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30 Years Fixed
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ITIN Up to 80% LTV
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Loan amounts ≤ $1,500,000 = 1 Full Appraisal (ARR, CDA or FNMA CU Risk score of 2.5 or less is required in addition to appraisal)
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Loan amounts > $1,500,000 or "flip" transaction = Two Full Appraisals
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Max LTV/CLTV reduced by 10% if the appraisal report indicates the market value is declining
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Non-warrantable Condo: Max LTV 65% for C/O Refi.
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FTHB without housing history max LTV 70%
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List Item
Credit Score
Min Credit Score
660
Min Fico
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Reserves: 6 Months Reserves
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Bankruptcy/Foreclosure/Short Sales/Deed-in-Lieu ≥ 3 Years
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Each Borrower’s credit profile must include a minimum of two (2) trade lines within the last twenty-four (24) months that show at welve(12) month history, or a combined credit profile between Borrower and co-Borrower with a minimum of three (3) tradelines
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The tradeline requirements can be waived if borrower has 3 credit scores reporting on credit
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Max Mtg Late 0x30x12. Plz call for price if mortgage late within 24 months
Loan Amount
Max Loan Amount
$3M
Max Loan Amount
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Max. Loan Amount $3,000,000
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Loan Amount > $3.5M up to 20.0M: Call for Price
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Min. Loan Amount $150,000
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Loan Amount < $150,000: Call for Price
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Prepayment Penalty is 5% of the amount prepaid on Investment Properties Only
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Other Requirements: Delayed Financing is allowed for primary only
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Max Cash-In-Hand $500,000 for LTV > 60%.
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2nd Home/Investment: Max LTV 70% for C/O Refi
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Warrantable Condo /2-4 Units: Max LTV 70% for C/O Refi
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1 Year Full Doc LTV > 80%: Call For Price
Qualification
Requirements
WVOE
WVOE Form 1005
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Max DTI 53%
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Employed by family memeber is ineligible
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Salaried borrowers receive a consistent wage or salary from an employer in return for a service renderedandhaveno ownership or less than 25% ownership interest in the business
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All applicants must have two years of verified employment. If the applicant has not been on their present job for two years, verification of previous employment must be obtained to cover a two-year period
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A written verification of employment (“VOE”) form(1005) must contain the following information:
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Dates of employment * Position * Prospect of continued employment, when available * Base pay amount and frequency. * For employees paid on an hourly basis, the verification must state the hourly wages, including the number of hours worked each week. * Additional salary information, which itemizes bonus, overtime, tip, or commission income, if applicable
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The employment verification documentation must be consistent with the information listed on the loan application and the employment section of the borrower's credit report. If the employment on the credit report is contradictory to the application, letter of explanation maybe required
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Form 1005 must be fully completed (current gross pay, YTD earnings, past 2 years earnings) by an authorized company representative (Owner, Officer,HR)
Property
Type
2-4
Sfr, Condo
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Primary, Second, & Investments Eligble
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Non-warrantable Condo Eligible
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Rural Property Eligible: Call for Price
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Assets & Reserves: Most recent one month bank statement required
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Assets & Reserves: 100% access letter obtained from all joint owners
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Assets & Reserves: Gift funds are acceptable for use toward down payment and loan costs.Borrower(s) must contribute at least 5%of the transaction(lowerofPurchase Price or appraised Value) from their own funds
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Assets & Reserves: Stocks/Bond/Mutual Funds - 90% of stock accounts may be considered in the calculation of assets for closing costs andreserves
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Assets & Reserves: Vested Retirement Account funds – 80% may be considered for closing and/or reserves.
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Assets & Reserves: When bank statements are used, large deposits must be evaluated. Large deposits are defined as a single deposit that exceeds 50%of thetotal monthly qualifying income for the loan
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Assets & Reserves: Cash out proceeds may be as reserves
Eligible Borrowers
ITIN Eligible
ITIN
Non Permanent Resident
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C08 EAD with LTV<=70%: Call for Price
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Can Close In a Business
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ITIN up to 80% LTV. ITIN (Min FICO 680, Max DTI 50)
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Escrow Waiver Allowed
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Reserves: Loan Amt $150,000-$1,000,000: 6 Months PITIA
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Reserves: Loan Amt $1,000,001 - 2,000,000: 9 months PITIA
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Reserves: Loan Amt>$2,000,000: 12 months PITIA

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Advisors who always put you first
We provide expert guidance and support every step of the way
Hugh is Incredible guy, to the point, on the top of his game, friendly, easygoing, ready to help, and open to answer any questions with positive altitude. Hugh been my lender, everything changes to the right direction; he explained to me everything and anything what to do and not to do, which makes me to trust him and have confidence. It's so worth having him as my lender.
I totally recommend you guys have him if you looking for a lender. You guys are not going to fail.Thank-you so much Hugh for helping me!

Charlie helped my parents re-finance our home. According to my parents, he is very accommodating, friendly, and easy to work with. Very trustworthy too. My parents highly recommend him. Thanks for helping out my parents, Charlie!

Hugh is very helpful and is a true professional of his field. He goes out of his way to help his clients and I am very happy with the services he provided to me. He really cares about his clients.

Hi Hugh,
With great appreciation to you and your team for making this process so effortless and stress free.
I have already recommended you to three of my friends.
Wishing you all a wonderful holiday season!!
With regards,
Rosie

Hugh and the Home Loan Source team were exceptional through the home buying process! Tons of communication, which we needed as first time home buyers! We had a quick 30 day escrow, and there was never a moment where they weren't touching base with us to make sure we knew what was going on. I'd recommend them to anybody buying a home, and will hopefully get to use them again if we buy again in the future.

Repeat business! Hugh helped us get a great loan last year and we just refinanced and closed few days ago. Hugh will go out of his way to help you every step of the way. He treats everyone fairly and like a family member. All transactions were smooth and explained every step of the way. He is available day or night and there is no silly question. I will always call him for any mortgage and refi needs.
Daniel H.Norwalk, CA
Hugh and his team are amazing! They are very customer service oriented. Hugh goes way out of his way to make himself available during all hours. He answers questions very quickly and gets to the bottom of anything that needs a little digging.
I wasn't really sure where to even begin with the home buying process, but that was all laid to rest when I got in touch with Hugh and his team. Hugh was my loan broker as well as my real estate agent. I would recommend him and his team to anyone in the market for a loan for a new home or even a refi.

Hugh Wang did a great, impressive and trustworthy job. He got me qualified for my loan of the property i wanted to purchase. The process was very smooth coz of his excellence and knowledge throughout the process. I am really 100% satisfied and would recommend the Home Loan Source if you are planning to be qualified for a loan.

I refinance my house with Hugh, first I need yo mention that I'm a worrier, and this is a big deal for me because it was my first time doing this process, but Hugh disperse any doubts right away going out of is way, even working late, because of the COVID-19 we did everything over the phone which it make it more stressful but Hugh was always helpful, even like he said "we will not be meeting in this life time" he was fast in the process and professional I highly recommended usinghis services, thanks a lot Hugh
Diana C.San Francisco, CA
Far beyond an amazing team to work with. Mr. Wang went above and beyond our expectations. Along with Lizel Lopez our realtor, they made our dream of owning our first home within matter of 23 days. It was an amazing experience. They're very professional and trustworthy people to work with. We are beyond thankful and blessed to have met such incredible individuals to work it. They're truly the dream team to work with...thank you so much for all your effort and your hard work guys.

Been using Hugh for my home loan needs for over 10 years and it's been nothing but a pleasure working with him and his staff. Closing a 45 day escrow today because the house was under 3 different trusts so needed the extra time just in case with so many decision-makers on the selling side but Hugh had the loan ready to close in 21 days! Did 3 new loans and a refi with him so whatever your loan needs are he there to help and listen to your needs. Will definitely recommend his services and thanks Hugh!
Summy V.San Gabriel, CA
Hugh helped us with our Mortgage Refinancing. We would highly recommend Hugh for all mortgage needs. He is very Honest, Helpful and Trustworthy. He doesn't consider you as a client instead He made us feel like Family. He is always available for any questions and concerns. I remember contacting him off office hours for my immediate concern and without hesitation he responded and assisted us. I understand that the refinancing is very stressful but for the first time Hugh made it easy and stress free he always find ways to make you qualify. Good job and wonderful service.. Thanks a lot Hugh.

Couldn't ask for better service! Hugh Wang was on top of everything during our loan process. The Home Loan Source was able to open and close escrow in only 3 weeks! This is our first home so we were naturally very anxious and nervous about the whole deal. Hugh made it as smooth and as simple for us as possible. What we appreciated most is that Hugh was very dedicated to our file...meeting with us on the weekends and working during the late evenings just to make sure everything is in place and that we would meet the escrow deadlines and requirements. While we were already approved with another loan company, I think we made a very good decision by working with The Home Loan Source. Many thanks to Hugh and his team. Excellent service!

It's alway a pleasure working with Hugh, great service, easy to understand, and very trustworthy! Will surely recommend to others. Keep up the excellent service!

Hugh and his team provided excellent service for our new purchase. 5 stars for communication, timeliness, and transparency throughout the transaction. We closed on time and exactly "on the numbers" and we are thrilled with our new home.
From preapproval to final docs, Hugh delivered and made our dream a reality.
Thank you, Hugh!!!

I whole-heartedly endorse Hugh Charlie Wang for any home refinancing.
Lenders are exceptionally bureaucratic these days, and the refinance process is a long, tedious one.
Hugh facilitated all the information exchanges, helped explain our circumstances to the lender, and likely saved us from having to provide redundant/repetitive documentations. At the end, we got a very competitive rate, along with a very pleasant experience.
He is knowledgeable, courteous, energetic, and thoroughly professional.
I have done numerous financing and refinancing before, and I can say Hugh's service is by far, superior to what banks, or large 'cookie-cutter' mortgage agencies can ever offer.
Paul L.La Canada Flintridge, CA
Hugh and Mariana were fantastic! I appreciated their diligence in sourcing the best funding solution for me, guiding me through the many issues, offering options, and always communicating with me to provide regular updates to apprise me if there status of my loan application. Their hands-on customer-focused attention to the details is outstanding. Much gratitude to Hugh, Mariana and their extended team.

Hands down the best Mortgage Broker team around. Hugh Wang and his team at The Home Loan Source got me qualified and in the home of my choice in no time. Hugh was honest and fair in my assessment on what I could be approved for, and through out the whole process was there for me even when it had nothing to do with my home loan. This kind of integrity is hard to find, but Hugh and his team exhibited it daily in my dealings with them. I would definitely recommend Hugh Wang to anyone interested in getting qualified or purchasing property. Hugh and his team did a tremendous job!

Home Loan Source Company is best mortgage company I have found to get my home mortgage. In past, I had been pre-approved from other loan companies but I can vow that Hugh Wang of Home loan source is best mortgage person I can trust in getting my home mortgage done. He is very reliable, trust worthy with best customer service. He has very quick response time and answered all my questions until I understand without getting tired of me. He loves his work of mortgage and ensures he gives all information correctly to my satisfaction.
Anand m.Sacramento, CA
Hugh and his team are great, from the very beginning They were exceptional with game planning, communication, and getting things done quickly. I kept having road blocks popping up in my refi process but hugh always kept in touch to let me know what was going on and that he would get us around them. Sure enough, in no time we were cleared to close. It was a such a relief. THANKS AGAIN HUGH & TEAM... highly recommended. I will definitely pass the word!!!!
Richard C.Santa Ana, CA
I highly recommend Hugh Wang at The Home Loan Source. I was referred to Hugh Wang by my colleague who had a positive experience working with him. Hugh went above and beyond my expectations. I was able to refinance my home at a good rate because of Hugh. He is very professional and very reliable. Hugh returned all my calls and responded to my emails and text messages right away. There were times when I called him after office hours to ask some questions, but he didn't mind talking to me at all. He took his time to answer my questions and explain things properly. I recommended Hugh to my uncle, and my uncle was also very pleased.
Keith D.Los Angeles, CA
i highly recommend mr. hugh wang he helped me with the purchase of my first home and helped me with a streamline refinance and a second refinance on my property to lower my interest and mortgage payment mr. wang is a class act he is very effective at what he does made our lives better than what it was before don't think about it he wont let you doown.

Hugh and his team are one of the best mortgage lenders to work with. They were there for me every step of the way and walked me through it from beginning to end, twice! They were available day, night and weekends. Hugh is very thorough with any questions you have on how it works, which is a plus. He has a lot of patience and I wasn't easy to work with. I learned a lot from him. I moved here from New York so I wasn't familiar with California lenders and how they worked. Hugh knows his stuff.

I had the pleasure of working with Hugh for my home loan, and I am beyond impressed with the service I received. Hugh made the entire mortgage process smooth, transparent, and stress-free, and I highly recommend him.
From the initial consultation to the final closing, Hugh demonstrated exceptional professionalism and expertise. He thoroughly explained the loan options available to me and guided me in choosing the one that best fit my financial situation and long-term goals. His deep knowledge of the mortgage field was evident in every phone call/text interaction.
