FBC is a direct lender with very competitive rates and quick turn times. What sets this company apart is that we have quite a few more loan programs and products, and we also have no credit overlays, which means if your borrower has a lower credit score and can’t get an automated underwriting approval, as long as they meet manual underwriting guidelines, we can get them closed. We have all the same basic loan programs—such as conventional, VA, FHA and USDA, but some of the other programs we offer that others in this market do not are:
~VA construction loans
~VA, FHA and conventional loans on manufactured homes
~FHA and conventional rehabilitation loans
~Jumbo investor loans with delegated underwriters (makes the process quicker)
~Non-warrantable condos
~Foreign National loans (for non-US Citizens)