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Smartfi Choice

A Viable Choice for Clients Preparing for Retirement

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Reverse mortgages and alternative loans help provide unique benefits for retirees.
Now, your clients can enjoy a robust suite of products from Smartfi Home Loans, LLC to achieve their retirement goals.

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The Smartfi Choice Program

The Smartfi Choice is a non-recourse, non-FHA product offering very clear, logical underwriting guidelines which makes it a streamlined loan to process. Plus, there is no residual income test required for higher credit scores. In addition, there are minimum solar restrictions, limited condo review, and multiple rate options to maximize the loan benefit to the borrower.

With a competitive broker compensation, these programs can offer a variety of key borrower benefits.

Key Borrower Benefits

  • No monthly mortgage payment required*
  • No 2% UFMIP or monthly MIP
  • All proceeds available at closing
  • Proprietary/jumbo doesn’t have to mean larger loan amounts, but it does allow for them
  • Can pay off debt to qualify
  • Can use loan proceeds (as income) to qualify

Borrower Requirements

  • 60 years of age or older – no non-borrowing spouses allowed**
  • Minimum credit score of 640 — capacity/residual income requirement is based on credit score
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Why The Smartfi Choice Program is a Great Choice

Many retirees are finding it hard to envision how to fund their retirement on a fixed income. But, with Smartfi, retirees 60 years-of-age can now realize: 

  • Financial security
  • Adequate cash flow
  • A healthy portfolio
  • A means to meet long-term care needs
  • Ability to purchase a second home
  • The freedom to enjoy retirement
LET’S PARTNER

Smartfi Home Loans, LLC is the clear choice for providing viable loan solutions for your clients.

Contact us today

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San Diego HQ
3636 Nobel Dr.
Suite 330
San Diego, California 92122

Medina Office
1113 Medina Road
Suite 400
Medina, Ohio 44256

Contact (877) 816-6706 wholesalesupport@smartfihomeloans.com
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Privacy Policy  |  State Licensing   |  Web Accessibility  |   Sitemap

This site and the information on it is intended for industry professionals only. It is not intended for consumers.

2022 Smartfi Home Loans LLC (In Ohio only, does business under the trade name Bankers Guarantee Mortgage Company), Company NMLS 1862952.

These materials are not from, and have not been approved by, HUD, FHA, or any government agency. Subject to Credit Approval. For licensing information, go to: NMLS Consumer Access.

*Borrower must pay property taxes, insurance, any HOA fees and maintain the property.

** Age requirements differ by product and state.

Copyright © 2023 Smartfi Home Loans, LLC Wholesale. All Rights Reserved. Developed by TinyFrog Technologies.

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Notices

PARTNER NOTICE 2022-01

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BORROWER ASSET TYPES

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REAL REVERSE POSSIBILITIES

SMARTFI CHOICE vs. FHA HECM

USING A HECM TO PURCHASE

WHY REVERSE?

Training Center

QUANTUM REVERSE

How to Create Loans and Edit Details

How to Pull a Quote

How to Add a Service Provider & Pull Credit

How to Prepare an Application & Send it to a Borrower

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