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VA IRRRL

Your Pathway to Home Sweet Home

Welcome to One55 Lending, your pathway to home sweet home. At One55, we’re more than just mortgage lenders; we’re your partners on this exciting journey toward homeownership. Our team of dedicated professionals is committed to simplifying the complexities of the lending process. We understand that every applicant’s story is unique, and that’s why we offer tailored solutions to match your specific needs and circumstances. Whether you’re a first-time homebuyer, looking to refinance, or need assistance with unconventional lending scenarios, we’re here to guide you through every step. With competitive rates, a focus on innovation, and a commitment to turning “no” into “yes,” we’re ready to help you open the door to your dream home. 

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VA IRRRL

The Homebuying Experience (The Loan Process)

1: PRE-APPROVAL

Your golden ticket to start the homebuying process.

2: FIND YOUR DREAM HOME

Choose your preferred real estate agenet to start shopping for your new home

3: LOAN APPLICATION

Once we have your future address the official loan process can begin. We will tidy up your file and collect updated documentation

LOAN PROCESSING

Our processor will review your file and prepare it for underwriting

5: UNDERWRITING

Your underwriter will closely evalutate your loadn file and give us the green light of approval

6: CLOSING

Closing Documentation is sent to the title company and numbers are finalized

Program Highlights

Experience the power of choice with our diverse range of mortgage programs. From conventional options with great high balance pricing to specialized solutions like down payment assistance and self-prepared P&L loans, we have the perfect program to match your unique needs and financial goals.

Conventional

▫ Great High Balance Pricing
▫ No Overlays
▫ Up to 97% LTV
▫ 620 Min FICO
▫ DU & LP
▫ 2 – 1 Buydown

1099

▫ 1 or 2 year 1099s
▫ Purchase up to 90% LTV
▫ Refinances up to 80% LTV
▫ Loan Amounts up to 4Mi
▫ Fixed Expense ratio of 10%
▫ Down to 600 Fico

ITIN

▫ Up to 80% LTV
▫ Loan Amounts up to $1.5Mi
▫ Primary & 2nd Homes
▫ Down to 620 Fico
▫ 1 or 2 years W2 or 1040s
▫ 1 or 2 years 1099s
▫ 12 or 24 Bank Statements

Bank Statements

▫ 12 or 24 Bank Statements
▫ Purchase up to 90% LTV
▫ Refinances up to 80% LTV
▫ Loan Amounts up to 4Mi
▫ Min Expense ratio of 10%
▫ Down to 600 Fico

Down Payment Assistance

▫ Chenoa
▫ GSFA Platinum -FHA & Conv
▫ CalHFA (All except USDA)
▫ Colorado – CHFA
▫ DC – DCHFA
▫ Idaho – IHFA
▫ Illinois IHDA
▫ Minnesota Housing
▫ Nevada Housing Division
▫ Nevada Rural Housing – HAL
▫ Tennessee – THDA
▫ Texas- TSAHC (DPA + MCC)
▫ Wisconsin – WHEDA

Community Reinvestment Act

▫ Property or Qualifying income
low/moderate for census tract
▫ No 4506C
▫ WVOE Only – Wage Earner
▫ Self prepared P&L for SE
▫ 660 min Fico
▫ Purchase and R&T
▫ Up to 80% LTV
▫ Gift Funds allowed
▫ All Occupancies
▫ SFR, Condo, 2-4 Units
▫ DTI 38/50%
▫ No AUS

Stated

▫ No 4506C
▫ Verbal Only – Wage Earner
▫ No P&L – Self Employed
▫ Purchase and R&T
▫ 700 min Fico
▫ Up to 70% LTV
▫ Gift Funds allowed
▫ All Occupancies
▫ SFR, Condo, 2-4 Units
▫ DTI 38/43%
▫ No AUS
▫ 12 month reserves

Self Prepared P&L

▫ No 4506C
▫ WVOE Only – Wage Earner
▫ Self prepared P&L for SE
▫ 700 min Fico
▫ Purchase up to 70% LTV
▫ Cash out up to 65% LTV
▫ Gift Funds allowed
▫ All Occupancies
▫ SFR, Condo, 2-4 Units
▫ DTI 38/43%
▫ No AUS

FHA

▫ 550 Min FICO
▫ Manual UW (Refer / Eligible)
▫ Manufactured Homes
▫ Streamlines
▫ No Overlays
▫ 2 – 1 Buydown

Asset Depletion

▫ Eligible assets / 84
▫ Purchase up to 90% LTV
▫ Refinances up to 80% LTV
▫ Loan Amounts up to 4Mi
▫ Down to 660 Fico
▫ Assets / 60 (Contact AE)

VA

▫ 550 Min FICO
▫ Up to 100% LTV
▫ Manual UW (Refer / Eligible)
▫ Manufactured Homes
▫ IRRRLs
▫ 2 – 1 Buydown

Non QM 2nd

▫ 1 or 2 years W2 or 1040s
▫ 12 or 24 Bank Statements
▫ Down to 660 Fico
▫ Loan Amount up to $450k
▫ Primary, 2nd Home & NOO

  • Explore Your Options with Our Mortgage Calculator
Curious about your potential mortgage? Our user-friendly mortgage calculator empowers you to envision different scenarios, estimate monthly payments, and gain valuable insights into your financial planning. Take the first step towards making informed decisions on your homeownership journey.

Let's Make Your Homeownership Dreams a Reality

Contact us today to get started on your journey to owning the perfect home. Our team of experts is here to answer your questions, guide you through the process, and tailor a mortgage solution that fits you like a glove. Don’t wait any longer – your dream home is just a click away.
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VA IRRRL

One55 lending

Our Mission

One55 Lending Powered by IQ Capital Group, is a well-established mortgage lender in Southern California. Over the years, we have maintained our leading position in numerous local communities with professional and high-quality services. We are the experts in providing solutions for the toughest scenarios. At the same time, it provides customers with competitive interest rates and reduced overall costs. As a distinguished member of the GreatNonprofits.org community, we proudly stand alongside esteemed nonprofit organizations that champion meaningful change.