360 Mortgage Group has announced that it has expanded its product portfolio by offering two new refinance products–Veterans Affairs (VA) Interest Rate Reduction Refinance Loan Program and the Federal Housing Administration (FHA) Non-Credit Qualifying Streamline Product. The VA Interest Rate Reduction Refinance Loan Program is designed to help qualified veterans, reservists, active duty personnel, or eligible family members with VA home loans benefit from current historically low interest rates with minimum requirements, while the FHA Non-Credit Qualifying Streamline Product will help individuals with FHA home loans take advantage of low interest rates without an appraisal or income documentation. “360 Mortgage is committed to partnering with high quality mortgage brokers to help their clients refinance their homes on the most affordable terms available in the marketplace,” said Mark Greco, president and founder of 360 Mortgage. “Our two new product offerings will allow even more homeowners to take advantage of current low interest rates and offer real solutions to borrowers, especially those that have been restricted from refinancing due to various eligibility requirements.” The VA Interest Rate Reduction Refinance Loan Program (also known as VA IRRRL) will offer individuals with VA home loans the opportunity to lower their interest rates and decrease their monthly mortgage payment. Key Product Guidelines include: ►30-Year Fixed Amortization ►Minimum 680 FICO Score ►Subject Property is Primary Residence ►W-2 Wage Earner (May Not Be Self Employed) ►Minimum Two Years with Current Employer ►Maximum LTV 150 Percent based on AVM (appraisal at originator’s option) The FHA Non-Credit Qualifying Streamline Product will offer individuals with FHA home loans the opportunity to secure government insured loans at a lower interest rate without a costly appraisal and with less paperwork. Key Product Guidelines: ►No LTV Restrictions and No Appraisal or AVM Required ►No Appraisal Required ►30-Year Fixed Amortization ►Minimum 680 FICO Score ►Subject Property is Primary Residence ►W-2 Wage Earner (May Not Be Self Employed) ►Minimum Two Years with Current Employer “We strongly believe both these programs will contribute to overall recovery of the real estate market, as well as local and national economies," said Greco.