Unique Programs

UNIQUE PROGRAMS OFFERED BY ABACUS

CONVENTIONAL REHAB LOANS up to 95% Financing(They have the right to choose any contractor, retailer, subcontractor to do the work). All we need is 1 estimate from anyone doing work on the property. Minor work can be done by the buyers, themselves. A home inspection is required to be done by the buyer and provided to the bank. 85% financing is available for rehab loans on vacation homes, too Borrowers with lower credit scores, but still doing conventional financing, we offer the same interest rates as borrowers with high scores. This program is only available in the following counties, Carbon, Monroe, Pike, Wayne, Lackawanna, Schuylkill, and Luzerne. Commercial loans where the lender doesn’t require an appraisal, are available in Lehigh and Northampton Countiesm only. This saves up to $2,500+. We lend up to 75% LTV on the assessed value in the county records. FHA loans on Mobile Homes on Permanent foundations and Fee Simple, 660+ scores. Land loans on raw acreage up to 10 acres with septic permits. 95% financing conventional loans with NO PMI insurance, 2nd Homes to 90% Minimum loan amount is $50,000! Bridge Loans available for homes Not Currently Sold Lender Credit (up to 3%) towards buyers closing costs, above and beyond the 6% seller assist! 3% Down payment conventional loans with 620 scores that allow 6% seller assist. FHA Loans with scores down to 500. Down payment is 10%, and borrows must show a recovery period from their last delinquency. They must provide proof of 12 months rent checks and utility bills to show no late payments in the past year. Conventional loans offering ability to RECAST mortgage with a large principal reduction after closing!! We finance non warrantable condos that aren’t approved by Fannie Mae. 95% Condo financing available, too! No Income Verification Loans using bank statements to show deposits ( in lieu of tax returns).
LOCATION

7291 Airport Rd,
Bath, PA 18014

Phone: (610) 837-1600
Fax: (610) 837-1616
NMLS # 113984

HOURS

Monday – Friday, 9AM – 6PM
Saturday, CLOSED
Sunday, CLOSED