Mortgage Loan Programs

Loan Programs

MCS Mortgage works with several different financial institutions to help find the perfect loan that fits your financial needs. Below are a few of the most popular. Please contact MCS Mortgage Company at 775-823-9600 to learn about all your options.

Click on a program for more details.

Agency Loan Program Highlights

  • 90%N/O/O Purchase transactions
  • 80/10/10 Purchase or rate/term refinance with new subordinate financing - no mortgage insurance required
  • Up to 80% cash-out O/O with no mortgage insurance
    • Options for 97% community homebuyer financing include Fannie 97
    • Fannie Flex 97 & 100
    • Freddie Mac Gold 97
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Alpine Jumbo Loan Program Highlights

  • Conforming and jumbo loan amounts to 2 million
  • Full, stated and no income options available
  • Streamline refinance with streamline income and appraisal options available
  • Attractive piggyback programs for purchase and rate/term refinances eliminate the need for mortgage insurance
  • Attractive prepayment penalty option to improve premium pricing
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Advantage Enhanced Criteria Loan Program Highlights

  • Higher LTVs
  • Financing for specialty properties such as non-warrantable condominiums, high rise condominiums, excess acreage and condotels
  • Higher LTVs on stated and no income verification
  • Higher cash-out LTVs
  • Options are available for both permanent and non-permanent resident aliens
  • Attractive prepayment penalty option to improve premium pricing
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Homebuyer's 107/103 High LTV Loan Program Highlights

  • 107% Purchase money which may include financing closing costs, prepaids and consolidating debt
  • 103% Purchase option for borrowers with "less than perfect" credit
  • 100% Stated income purchases
  • 95% Investment property purchases
  • No mortgage insurance required
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Access Plus A Step Above Subprime Loan Program Highlights

  • Designed for borrowers whose previous mortgage history fits "A" paper standards, but are subprime due to credit score, DTI, bankruptcy or foreclosure
  • Full, fast and stated income options available
  • No reserves required
  • No source or seasoning of funds required for down payment
  • No mortgage insurance required
  • Attractive prepayment penalty option available
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Accent Second Mortgage Loan Program Highlights

  • May be used for standalone transactions or piggyback behind one of our first mortgage programs Full doc and stated income options available
  • Fixed rate options as well as flexible revolving lines of credit
  • No restrictions on the use of cash-out
  • Flexible appraisal option with a stated value feature available
  • First-time homebuyers eligible with restrictions
  • Attractive prepayment penalty option available
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Accent 125% Second Mortgage Loan Program Highlights

  • Great for debt consolidation, documented home improvement or asset acquisition
  • Cash-out to borrower is available
  • Flexible appraisal options with stated value features available
  • Fixed terms available up to 25 years
  • First-time homebuyers eligible with restrictions
  • Attractive prepayment penalty option available
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