Caliber Home Loans is widening its breadth of product offerings and launching its new non-agency mortgage program.
The new program will add four new products to the company’s portfolio in an effort to help more potential borrowers get financing.
“At Caliber, we recognize that there are qualified, creditworthy borrowers with home financing needs that are not being served by the agency and government programs that are currently available in today’s marketplace,” said Joe Anderson, CEO of Caliber Home Loans.
“We are confident that our prudent underwriting guidelines, coupled with the way we have structured each of these products, creates a winning combination for both Caliber and the customers we serve,” Anderson added.
The four types of loans include: the “Fresh Start” program, Foreign Nationals, Non-Warrantable Condos and Non-Agency alternatives.
The Fresh Start program specifically is designed to help borrowers who may have experienced a credit event but cannot afford a program in the marketplace that meets their needs as they re-establish a strong credit history.