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All rates/programs are subject to review and approval by your AE

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* General Requirements
  • Rate Quoted is for a 5/1 ARM, based on LTV requested if available - if N/A, rate is based on Max LTV. Add 0.50% to rate for 30 Year fixed.
  • 24 month Personal Bank Statement program. Borrowers must be Self Employed.
    Maximum one account allowed - qualifing income is the average of deposits over 24 months.
    Transfers only allowed from one business account into a personal account.
    Minimum loan amount is $150,000.
  • 12 Month Personal Bank Statement program. Borrowers must be Self Employed.
    Maximum one account allowed - qualifing income is the average of deposits over 12 months.
    Transfers only allowed from one business account into a personal account.
    Minimum loan amount is $150,000.
  • 24 months Business Bank Statements used for income. Maximum 1 account allowed.
    Third party prepared Expense Statement specifying the business expenses as a percent of the gross revenue required.
    Qualifing income is the total deposits less business expense (minium expense ratio used is 35%).
    Borrower must be 100% owner of the business.
    Minimum loan amount is $150,000.
  • Foreign National program requires a 2 year prepay. 6 months interest on 80% unpaid principal balance (unless otherwise restricted by State law).
    Pre-pay Buyout: 1% fee for 1 year; 2% fee for < 1 year.
  • Qualification is based on property cash flow (must be <= 90%).
    Cash flow is calculated by dividing the PITIA (Principal + Interest + Taxes + Insurance + HOA) by Market Rents.
    Rural properties not eligible.
    Must meet Standard Tradeline requirements.
  • Investment properties require a 2 year prepay equal to 6 months interest on 80% unpaid principal balance (unless otherwise restricted by State law).
    Pre-pay Buyout: 1% fee for 1 year; 2% fee for < 1 year.
  • Asset Qualifer program requirements:
    Minimum loan amount $150,000. DTI not required. 4506 not required.
    Borrowers must be able to document assets in an amount greater to $500,000 OR the sum of the loan amount, downpayment, closing costs prepaids AND 60 months of the borrowers re-occuring monthly payments (includes deferred student loans, alimony/child support, property taxes and insurance on the subject property and all other PITIA payments regardless of rental income received)
    All assets must be sourced and seasoned for a minimum of 12 months - need one statement no older than 30 days and one statement from the same account dated 12 months ago (12 months statements not required)
  • Note: This quote is based on the borrower meeting the Standard Tradeline requirements. Need 3 tradelines reporting for a minimum of 12 months -OR- 2 tradelines reporting > 24 months; all with activity in the last 12 months. Cancelled checks for 12 or 24 months housing history may also be used as a tradeline.
    Exceptions allowed on NON PRIME program ONLY - If the borrower does not meet these tradeline requirements, reduce the max LTV by 5% (max LTV not to exceed 75%) and add 50bps to rate. Additional program restrictions may also apply, contact your Account Executive for details.
  • All rates/programs are subject to review and approval by your AE.