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Programs

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Freddie Mac Refi Possible

- Designed for lower-income families
- Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
- Lowers interest rate by 0.5% and monthly payment by at least $50
- Minimum 620 FICO
- Maximum 97% LTV
- Income at or below 80% of the area median income (AMI)
- Borrower will receive $500 credit at closing if they have an existing appraisal
- Maximum DTI 65%
- Roll up to $5,000 in closing costs for those with limited cash to close with cash-out limited to $250
- Reduced Documentation requirements

Fannie Mae Refi Now

- Designed for lower-income families
- Limited to owner-occupied, 1-unit primary residence financed through Fannie Mae or Freddie Mac
- Lowers interest rate by 0.5% and monthly payment by at least $50
- Minimum 620 FICO
- Maximum 97% LTV
- Income at or below 80% of the area median income (AMI)
- Borrower will receive $500 credit at closing if they have an existing appraisal
- Maximum DTI 65%
- Roll up to $5,000 in closing costs for those with limited cash to close with cash-out limited to $250
- Reduced Documentation requirements

Prime Jumbo

- Min. FICO 660
- Up to 89.99% LTV
- 15 & 30 Year Fixed up to $3mm
- Cash out up to 89.99% LTV
- Manual UW for over $2mm
- DU Approve/Ineligible
- No Mortgage Insurance required
- Primary, Second Home and Investment properties are allowed
- Purchase, Rate/Term Refinance and Cash Out Refinance
- Delayed financing is available up to 180 days
- No Overlays on Reserves, Credit and Tradelines – per DU
- Income as per DU

Full Doc Non-QM

- FICO 580
- 90% LTV
- Loan Amount up to $4mm​
- Max Cash in hand $1,000,000, no limit for LTV < 55%
- Cash out up to 80% LTV​
- Traditional Income​
- 2Y Credit Event allowed​
- Super Prime & Prime Programs​
- Condo up to 90% LTV​
- Condotels allowed

12/24 Months Bank Statements

- FICO 580
- 90% LTV
- Loan Amount up to $4mm​
- Max Cash in hand $1,000,000, no limit for LTV < 55%​
- 3 Months Reserves​
- 12 Months from Bankruptcy, Foreclosure​
- Mtg History 0x60x12​
- Combination of Business and Personal Bank STMTs allowed​
- Condo and condotels allowed

Asset Utilization

- FICO 580
- 80% LTV
- Cash out up to 75% LTV
- Savings and CHK. 100%
- Securities at 90%
- Retirement at 70%
- Cash out available
- Income calculation -All Eligible Assets Divided by 60
- Super Prime & Prime Programs

DSCR

- FICO 599
- Up to 80% LTV
- Loan Amount up to $3mm
- Max Cash in Hand $1,000,000, no limit for LTV <55%
- 40 Year & 30 Year Fixed, 5/1 ARM, 7/1ARM
- No Income, No Employment
- DSCR as low as 0
- Cash Out Proceeds may be used for Reserves
- Eligible for Non-Permanent Residents (Foreign National
DSCR is available under Foreign National Program)
- Ownership of any Property within the past 24 Months
- Condotels allowed

Non Permanent Resident

- 70% LTV
- 660 Credit Score
- Bank Statements Allowed

Foreign Nationals

- No score or FICO 599
- Up to 80% LTV
- Loan Amount up to $3mm
- Cash Out allowed
- DSCR as low as 0
- CPA Letter last 2Y & YTD
- 1 Bank Reference Letter
- Overseas Assets allowed as Reserves
- Gift Funds allowed

1Y + 2Y P&L ONLY

- FICO 580
- Up to 85% LTV
- Max DTI 55%
- Loan Amount up to $4mm
- Max Cash in hand $1,000,000, no limit for LTV <55%
- P&L by Licensed CPA, Enrolled Tax Agent, or Licensed Tax Preparer
- No Bank Statement required
- Super Prime & Prime Programs

Lite Doc Program

- FICO 620
- 70% LTV
- Interest Only
- No Income on 1003
- Foreign National allowed
- No Prepayment Penalty
- Fast Closing
- No Asset Seasoning
- Eligible for Non-Permanent Residents

WVOE / 1099

- FICO 580
- Up to 80% LTV for WVOE
- Up to 90% LTV for 1099
- Loan Amount up to $4mm
- DTI 55% Max
- Cash out available
- Completed FNMA Form 1005 for 2-Year history with same employer

FHA High Balance

- Loan amount up to $765,600 depending on home location
- Available on primary residence and second/vacation homes.
- Condo financing available

FHA Streamline

- No appraisal, no income documentation required
- You must have made at least six payments on your FHA mortgage
- To qualify, you’re required to be current on your monthly loan payments

FHA

- Financing up to 96.5%
- DTI up to 55%
- No appraisal is needed to apply for streamline refinance FHA program
- Up to 6% of closing costs can be contributed by the seller

High Balance Conventional Loan

- Loan amount up to $822,375 in high-cost areas for a single unit
- Eligible for primary and second homes
- More competitive rates and easier guidelines
- Faster turn times

Home Possible

- Fixed-rate financing for easier budgeting
- Homebuyer education is required for first-time buyers

HomeReady

- Down payments as low as 3%
- FICO from 620
- Low income
- First-time or repeat homebuyers
- Homeowner education helps you understand and manage the long-term financial commitments of home ownership

Conventional

- Loan amount up to $625.000
- You may use a conventional loan to finance a property in a high-cost area
- 15, 20, 25 & 30 years fixed rate
- Down payments as low as 3% depending on your loan amount

We will call you back if you have any questions.

  • We will contact you if you have any questions

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December 07, 2021
Current date

Submission cutoff time is 3PM EST.

Any submission received after this time, will be considered received the next business day.

Upcoming 2021 office closures:
01.01; 01.18; 02.15; 05.31; 07.05; 09.06; 11.25; 12.24