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Ace Lending LLc offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide loans that are custom tailored to your situation. No Money Down Loans: If you are having a tough time coming up with a down payment, we still offer these popular loans. FHA/VA/WHEDA Loans: These are fantastic programs with great rates, many geared to first time buyers. Investment Property/Non-Owner Occupied/Second Homes: If you are looking to purchase rental property or buy a second home, we have many programs available to meet your needs, whether they be purchase or refinance. Stated Income Loans: If you are self-employed, work seasonally, or have difficult to verify income, we have a product for you! Jumbo Loans: Defined as being over $417,000; we have programs for these loans too. Commercial Loans: If you are looking to purchase commercial property, we have great programs available at great rates! Loans for Challenged Credit: If you have mortgage lates, bankruptcy, or collections, there are still many great products available.

100% Financing

100% Financing 100% FINANCING FOR YOUR PURCHASE This new program is NOT just for first time home buyers, but anyone that is purchasing a home. If you currently own a home that home must close before you can close on your new 100% financing loan. By Working with Ace Lending, LLC we will get your new 100% loan approved. Then by working with us and our title company we can arrange to have the closing on the home you are selling followed by the closing on the home you are buying on the same day. To qualify for this new program you or both applicants must have a minimum credit score of 620. There are income limitations. Your combined income can not exceed 140% of the median income for your community, in most cases that amount is around $100,000.00. This program is not limited to any one community, but can be used anywhere in the State. Minimum loan amount is $50,000.00 with a maximum loan amount of $417,000.00. Your total debt ratio (your house payment, all credit card payments and installment payments) can not exceed 45% of your gross income. Private mortgage insurance is required on each loan and you must have at least one month cash reserves in an account. That is one month of your total monthly house payment.

This is very important with this program the seller is still able to contribute up to 3% of the purchase price towards your closing costs and pre-pays, ask your Realtor about this, or contact Debby Thompson at Third Homestead Realty Inc. 414-403-0657 for more information. Ace Lending LLC also has a second 100% purchase program. This program is called USDA RURAL, it is specifically designed for the first time home buyer. This program is for the purchase of single family homes, with or without out buildings, but is not for farm loans. It is a full income verification program with NO mortgage insurance and NO prepayment penalty. The 3% seller concession for closing costs and pre-pays is also allowed. HOWEVER this program has restrictions on the areas it can lend in. They can not lend in Milwaukee County, parts of Waukesha, Ozaukee, Racine and Kenosha County's. To see if you and the property you wish to purchase qualifies you can either email me at rickkellow@acelendingllc.com or call 414-303-7944. We continue to search for the best programs to provide you with a level of service that you will not find with other lenders.


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.