Financing

Conventional Loans

• Fixed, Adjustable & Graduated
• 2nd’s
• Interest only 1st and 2nds
• 80-10-10
• Cash to Existing Assumables
• 3-2-1 Buydowns
• Seller carry-backs

Features

1. Negative ARM calculated easier.
2. Loan amounts round down to the nearest $50.
3. Automatically calculates the Down payment for a Cash to Existing Mortgage.
4. Condo Y/N will zero out HOME INS.
5. Extensive PMI Factor chart including 15 and 30 year, Fixed and Non-fixed figures.
6. Finance the PMI into the loan. Automatically zeros out the monthly renewal and upfront PMI when this is chosen.
7. View and Print other interest rates without having to rerun the program. (REALPRO PLUS)
8. Amount OWC line reads 2ND TD to allow for other seconds and for loans carried by a community that may or may not have to be paid back. Also, in situations where the Owner is carrying the whole amount, he is in the 1ST position not the 2ND. 2ND TD can have a zero payment.

FHA Loans

• 203B Fixed,
• 245A (Graduated),
• Adjustable Rate Mortgage,
• 203K Rehab loan,
• Buydowns

Features

1. Calculate the FHA loans including the FHA 203K Rehab Loan and a HUD Repo loan.
2. Specific Title and Escrow/Closing fees are calculated for FHA based on the most current HUD Circular.
3. Closing costs that can be paid by the seller are calculated and shown for negotiating purposes because they no longer impact the down payment.
4. Adjustable Rate Mortgage knows that the Rate Cap is 1 and the Life Loan Cap is 5 so you don’t have to.
5. Graduated Payment Mortgage asks Plan 1, 2, or 3 so you don’t have to know the % of adjustment.
6. Buydown defaults to 3-2-1 but can be overridden.
7. The cost of Buydown is calculated for you and added to either the buyer’s cost or seller’s net.
8. View and Print other interest rates without having to rerun the program. (REALPRO PLUS)

VA Loans

• Fixed,
• Adjustable (when allowed),
• Graduated,
• Buydowns

Features

1. All levels of VA Funding Fee are programmed in. REALPRO knows that the VA FF varies as to branch of service, 1st time buyer, and loan to value.
2. VA Funding Fee over the Maximum Loan is automatically calculated to be paid in cash.
3. Adjustable Rate Mortgage knows that the Rate Cap is 1 and the Life Loan Cap is 5 so you don’t have to.
4. Maximum Owner Carry is calculated automatically.
5. Loan amounts do not round down so you can show a 0 Down payment.
6. View and Print other interest rates without having to rerun the program. (REALPRO PLUS)