Loan Programs for Wholesale Brokers and Non-Delegated Correspondents

Help borrowers tap into their home’s equity without touching their first mortgage. This closed-end second lien gives clients full access to their funds at closing, so they can move on renovations, debt consolidation, or investments right away, while keeping the rate and terms of the first mortgage they already have.

Key Features

• Keep the existing first mortgage in place
• Full disbursement at closing
• Available for primary residences, second homes, and investment properties
• Flexible income documentation, including Full Doc, 1099, and Bank Statement options
• High CLTV allowances
• Flexible amortization terms
• Manual underwriting focused on the borrower’s ability to repay

A versatile solution for clients who need fast access to equity without giving up the first loan they worked hard to get. Download the program details for loan amounts, credit requirements, and CLTV limits.

Aven HELOC
Powered by Averra Financial, Inc.

Through our partnership with Aven, you can help eligible homeowners put their equity to work for debt consolidation, home improvements, major expenses, or investments. With a streamlined online application and automated underwriting on most files, borrowers can get funded in as little as a few days.

Key Features

• A home equity line of credit with a 5-year draw period
• Available for owner-occupied homes, second homes, and investment properties
• Option to take a full draw at closing and convert it to a fixed rate
• Flexible repayment term options
• Automated underwriting with AVM-based valuation on most files
• Streamlined title process for faster closings

Grow your business with a HELOC that gets homeowners the funds they need quickly, while you stay the trusted advisor behind their first mortgage. Download the program details for credit limits, eligibility, and title and appraisal requirements.

Help your investor clients grow their portfolios with financing built around the property, not their paperwork. Flex NQM DSCR qualifies borrowers based on the rental income of the subject property, making it a strong fit for investors whose tax returns don’t tell the whole story.

Why Partners Choose Flex NQM DSCR

• Qualification centered on the property’s rental income
• A smart fit for self-employed and portfolio investors
• A repeatable solution as your clients add properties
• Backed by an experienced team that understands investor lending

Become the go-to partner for every property your investor clients add. Download the program details for eligibility, DSCR requirements, and LTV limits.

Expand your borrower pool with financing built for how people really earn. Flex NQM Income qualifies borrowers using alternative income documentation, so self-employed borrowers, entrepreneurs, and clients with non-traditional income can get the home they want without relying on tax returns alone.

Why Partners Choose Flex NQM Income

• Multiple alternative income documentation options, including bank statements
• A strong fit for self-employed borrowers, business owners, and independent contractors
• Solutions for clients with significant assets or non-traditional compensation
• Backed by an experienced team that understands Non-QM lending

Turn “not yet” into “yes” for the borrowers traditional financing leaves behind. Download the program details for documentation options, eligibility, and LTV limits.

Averra’s Flex Non-QM Max programs give well-qualified borrowers access to large loan amounts that fall outside conventional guidelines. Available exclusively to our wholesale partners.

Flex NQM Income Max is built for established self-employed professionals and asset-rich borrowers, with loan amounts well into the multi-million dollar range. Borrowers can document income with bank statements, asset depletion, asset utilization, or full documentation.

Flex NQM DSCR Max serves experienced real estate investors by qualifying on the property’s rental cash flow instead of personal income, making it a powerful tool for growing and refinancing larger investment portfolios.

Together, these programs reflect Averra’s commitment to common-sense lending for borrowers whose financial strength isn’t always captured by traditional underwriting.

More than a mortgage, Wealth Builder gives your clients a smarter way to manage their home loan and their cash flow. It’s a first position HELOC that works like a mortgage and checking account in one. Income is deposited directly against the balance, lowering the principal every day and reducing the interest that builds over time.

For clients with strong, consistent cash flow, this structure can help them pay off their home significantly faster than a traditional 30 year mortgage. Along the way, they have the flexibility to access their equity for renovations, debt consolidation, or investments without taking out a new loan. With no prepayment penalties, they can adjust their strategy without ever needing to refinance.

Wealth Builder is available for primary residences, second homes, and investment properties. It’s an ideal fit for clients who want more control, faster equity growth, and a more efficient way to put their income to work.

For partners, Wealth Builder is a powerful way to differentiate your offering and attract financially savvy borrowers looking for a smarter approach to home financing.

Averra offers a full range of conventional loan options to fit the needs of every borrower. Whether your client wants the stability of a fixed-rate mortgage, the initial flexibility of an adjustable-rate mortgage (ARM), or financing in higher-cost markets with High Balance loans, we have you covered.

For low to moderate income borrowers, HomeReady and Home Possible offer accessible paths to homeownership with low down payment options. Eligible first-time homebuyers on these programs may also qualify for the Very Low Income Purchase (VLIP) credit, which helps offset down payment and closing costs.

We also offer temporary buydowns to help clients ease into their payments, giving them more breathing room in the early years of homeownership.

FHA financing offers a government-backed path to homeownership with low down payment options, making it an attractive choice for buyers with limited savings.

FHA loans also offer:

• Flexible credit guidelines: A strong fit for borrowers with lower credit scores or higher debt-to-income ratios.
• Assumable loans: Qualified future buyers can take over the existing loan and its terms, a valuable selling feature when rates are higher than the original loan.
• Streamline refinance options: A simplified process that may help homeowners lower their rate and monthly payment.

Home Again
When disaster strikes, getting back into a home should not be another hurdle. Home Again is an FHA program for borrowers impacted by Presidentially Declared Disasters, designed to remove the biggest upfront barrier to homeownership so families can focus on rebuilding.

Home Again is available to both first-time homebuyers and previous homeowners, helping disaster-affected borrowers secure a new home with fewer financial obstacles and a clear path forward.

CHENOA Fund Down Payment Assistance
Help more buyers get to the closing table. Chenoa Fund provides down payment assistance for eligible FHA borrowers, available as a repayable second mortgage or a forgivable loan.

• Available to first-time homebuyers and repeat buyers
• Assistance that helps cover the upfront costs of buying a home
• Two structures to fit your borrower’s needs

Chenoa Fund is designed for creditworthy buyers who are ready for homeownership but need help with upfront costs. Offering it lets you serve a wider range of borrowers and grow your purchase business.

VA Loans
Serve those who served. VA loans, guaranteed by the U.S. Department of Veterans Affairs, help eligible veterans, active-duty service members, National Guard and Reserve members, and qualifying surviving spouses purchase or refinance a home with favorable terms.

• No monthly mortgage insurance
• Competitive rates
• Purchase and refinance options
• A team that understands VA lending and honors the benefit your clients earned

Help your military clients make the most of the home loan benefit they earned through their service.

VA IRRRL (Interest Rate Reduction Refinance Loan)
Help your VA clients refinance with less hassle. The VA IRRRL lets eligible borrowers refinance an existing VA loan into a new VA loan with a lower rate or a more stable payment, through a streamlined process built for speed.

• Streamlined documentation for a simpler process
• Option to include allowable costs in the new loan to minimize cash due at closing
• A lower rate or a move from an adjustable to a fixed rate
• A faster path to closing with fewer steps

A smart way to help military clients improve their financial position while keeping the VA benefits they earned.

USDA Loans
Expand your market beyond the city limits. USDA loans, guaranteed by the U.S. Department of Agriculture, help low to moderate income buyers purchase homes in eligible rural and suburban communities, with benefits designed to make homeownership more attainable.

• Low upfront costs: Financing designed to minimize the cash buyers need to get into a home.
• Competitive rates: Government-backed financing that helps keep homeownership affordable.
• Affordable guarantee fees: USDA uses a guarantee fee in place of traditional mortgage insurance, helping keep monthly payments manageable.

A great fit for first-time homebuyers and anyone ready to trade city living for more space, in more places than your clients might expect.

HomeLight’s Buy Before You Sell and DTI Drop
Powered by Averra Financial, Inc.

Win more purchase deals by letting clients buy now and sell later, without the stress of timing two transactions. Through our partnership with HomeLight, Buy Before You Sell and DTI Drop help homeowners secure their next home before their current one sells, so they can make stronger offers and move on their own timeline.

Key Benefits

• Make stronger offers: Remove the home sale contingency and compete more like a cash buyer.
• Move once: Clients move into their new home before listing the current one, avoiding a double move.
• Put existing equity to work: Help clients use the value in their current home toward the next purchase.
• Qualify with confidence: Solutions that help clients qualify for their next home while the current one is still on the market.

Help your clients buy on their timeline, not the market’s. Contact your Account Executive to learn how Buy Before You Sell and DTI Drop can help you close more purchase business.

Hard Money Financing for Investors
Offered by Old North Capital Fund, an Averra affiliate

Give your investor clients the speed to win the deal and the flexibility to fund it. Through our affiliate Old North Capital Fund, a true hard money lender, you can offer creative financing solutions for a broader range of investment strategies.

Bridge Loans
Interim financing that gives investors quick access to capital while they wait for a property to sell.

Transactional Funding
Short-term capital for wholesalers completing a double closing, so they can secure the property and close with their end buyer.

Fix and Flip
Financing for property acquisition and rehab costs, helping investors move quickly from purchase to resale.

New Construction
Construction financing for investors building residential investment properties.