Not every borrower fits the mold—and that’s where Specialty Loans come in. These programs are designed for buyers with unconventional income, recent credit events, or unique property goals. Whether you're self-employed, investing in real estate, or navigating a complex financial picture, our Specialty Loan solutions offer flexible guidelines, expanded access, and personalized support to help you move forward with confidence.
Best Fit
Our Peak Loan program allows the purchase of a home up to $1.5M with only 5% down*. Additionally, the loan terms can be extended up to 40 years, with the first 10 being interest-only payments.
The Peak 2nd Lien program allows the option to access the equity in a current home (up to 95% combined LTV) and use it toward home improvement, debt consolidation or as a source of down payment on a second home.
Best Fit
Our High Balance Solutions program can be used to finance a home that exceeds conforming loan limits. The loan amount can be split between a first and second mortgage, which may result in lower monthly payments due to potentially lower rates available through conforming mortgage products.
Best Fit
The Jumbo Solutions 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.
Best Fit
Bridge loans can help you close the financial gap when you're in contract for the sale of your current home, and you want to make a solid offer on a new home without contingencies. With our Confidence Bridge Loan, you have the option to access the equity from your current home (sale pending), and use those funds to close on your new property with confidence.
Best Fit
A Debt Inclusion Bridge Loan is another great option. This program is designed to help you access equity from your current home once it's listed for sale, even if you haven't found a buyer yet. Before a sales contract is in place, you can access the equity in your current home to make an offer on another home. Any payments required for the bridge loan (including your mortgage payments) are factored into your final loan package.
Best Fit
Preferred Rate has a full suite of renovation lending programs to fit renovation projects large and small, including FHA 203(k) and Fannie Mae HomeStyle®. These programs allow you to purchase or refinance a home in need of repairs or renovation and roll the cost of improvements into the mortgage. The loan amount is based on the future assessed price of the home, which helps expand the purchase market to provide financing for short sale or foreclosure properties in need of renovation.
Best Fit
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.
Best Fit
If you are looking to purchase a home with a low down payment and flexible fund sources, our Freddie Mac Home Possible AdvantageSM offers no upfront mortgage insurance fees, cancellable monthly PMI and flexible income qualification guidelines.
** Each county limit is published on FHFA's website: https://www.fhfa.gov. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam and the U.S. Virgin Islands.
Best Fit
Income property financing just got easier! Investor Advantage gives you purchasing power in the market today for investment properties. There are two loan programs to choose from: (1) No Ratio and (2) Debt Service Coverage Ratio. Contact your Loan Advisor to learn more.
Best Fit
Our Advantage Asset Inclusion program is for buyers who have high assets, but a variable monthly income. With this program, buyers can factor in the assets they have remaining - after their down payment and closing costs - as sources of qualifying income. (Not available in Hawaii and Nevada.)
Best Fit
The Jumbo Solutions 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.
Preferred Rate provides a variety of loan programs to support the purchase or refinance of a manufactured home.
Best Fit
Through the Medical Professionals loan program, doctors and medical professionals (including newly licensed residents) can purchase or refinance a primary residence, and potentially exclude student loan payments with proof of deferment. It's our way of saying thank you for all you do.
Best Fit
The STaRsm loan program rewards full-time educators, fire fighters, first responders, healthcare workers, police and correctional officers by offering loans that reduce stress and save money on their mortgage.
Best Fit
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 who 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 late mortgage payments.
Expanded Access offers fully amortizing fixed, ARM and interest only ARM options to facilitate financing on primary, second home and investment properties.
The loan program referenced is subject to Preferred Rate's program minimum FICO and underwriting requirements, which may differ from those imposed by the FHA. Preferred Rate is a private mortgage lender authorized as an approved FHA direct seller servicer. This communication is not intended to indicate FHA endorsement or approval of any loan program.
Whether you're dreaming of homeownership, looking to refinance for better terms, or simply exploring your options, our Brentwood branch is here to help you move forward with confidence. Our experienced mortgage professionals are committed to guiding you through every stage of the process with clarity, care, and personalized support. Choose the path that fits your needs below - and let's make your goals a reality.
Thank you for trusting us with one of the biggest steps in your life. Our loan advisors are here to guide you through the process, answer your questions, and ensure you feel confident every step of the way.
