Who qualifies for a reverse mortgage?
Homeowners 62 or older who live in the home as their primary residence and have sufficient equity. The home must meet FHA property standards, and a HUD-approved counseling session is required before proceeding.fs reduce their reported income. P&L-only and 1099-based programs are also available.
What is a HELOC, and should I use one instead of a cash-out refinance?
A HELOC (Home Equity Line of Credit) is a revolving credit line secured by your home equity — without touching your first mortgage. If you have a low rate on your primary loan, a HELOC lets you access equity without giving that rate up. Louis offers HELOCs up to 90% CLTV in California.
What is a Non-QM loan?
Non-Qualified Mortgages use alternative income documentation — bank statements, a CPA profit & loss statement, 1099s, or asset depletion — instead of W-2s and tax returns. They're the right tool for self-employed borrowers, investors, and anyone with non-traditional income who wouldn't qualify under standard guidelines.
What's the minimum credit score to buy a home?
FHA loans go as low as 580 (3.5% down) or 500 (10% down). Conventional requires 620+. Most Non-QM programs start at 620. A higher score means a better rate — even a 20-point improvement can make a meaningful difference in your monthly payment.
What's the difference between FHA and Conventional loans?
FHA allows lower credit scores and smaller down payments but requires mortgage insurance for most borrowers. Conventional loans (Fannie/Freddie) offer lower PMI costs for good-credit buyers, allow PMI removal at 20% equity, and work for investment properties. Louis will run both scenarios to show you which saves more over time.
Does Louis work with first-time homebuyers?
Absolutely. Louis is a certified GSFA Top Producer 2025, which means he's an expert at CalHFA, GSFA Platinum, and National Homebuyers Fund (NHF) programs — up to 5% in non-repayable down payment assistance layered on top of FHA or Conventional loans.
What is a DSCR loan for investors?
A Debt Service Coverage Ratio loan qualifies based on rental income vs. the property's mortgage payment — not your personal income. No W-2s or tax returns required. Ideal for real estate investors who want to scale a portfolio without income documentation restrictions. DSCR of 1.0+ (rent covers PITI) is the typical qualifying threshold.
How fast can I get pre-approved?
Louis performs a soft-pull pre-qualification with no credit impact. Most borrowers hear back within 24 hours. Fill out the form above or call (305) 842-0080 to start. For urgent offers, same-day letters are often possible.
