Loan Amounts To 5 Million

Guidelines/Matrix

-- Exceptions Are Available For Higher Loan Amounts --

Owner Occupied Purchase & Rate/Term
 

Owner Occupied Cash Out

Second Home Purchase & R/T
 

RATES  - No Add Ons

No Add Ons For Loan Amount, LTV, Second Home, Cash Out, Or Fico

Available terms -

1 Year ARM, 3 Year ARM, 5Year ARM, 30 Year FIXED and 15 Year FIXD  

Loan Amount Exceptions Are Common  

Niches... 

• Lower fico requirements than most - exceptions common.
• No rate or price adjustments for 2nd home, cash out, LTV, etc...
• Paying down debts to qualify is okay on cash out refi's.
• Just outside of guidelines - No problem - We grant exceptions!
• No equity requirement to convert current primary to rental when purchasing a new primary.
• Non-Occupant Co-Borrowers - Okay
• Silent Seconds from Hospitals are okay 
• Gift funds okay
• Unique properties not fannie mae approved - we'll look at them!
• No multi-unit condos or high rise condos

Underwriting

• 42 Max DTI (flexible if you have strong compensating factors i,e, cash reserves) 
• 6 months PITI Cash Reserves required.
• Full doc only.
• Gift funds allowed.
• California properties only.
• No condos 
• Primary or second homes only, no investment properties.
• Borrowers can have more than 4 financed properties.
• Non occupant co-borrowers are okay, family only. We use blended ratios.
• Silent seconds are permitted for Doctors 
• We don't have any equity requirements when converting a current primary home into a rental when buying a new home.
• We do not have a restriction on # of properties owned, however, they can not use the income from the properties to qualify, they must qualify using their primary job only. No real estate investors at this time.
• Full package is required (Income & Assets must be in the file)
   

Turn Times Are Typically 2-3 Business Days

Full Application

Quick App

Credit Resolution/Repair Form

Pre Qualification Form - No Credit Check Required

 Loan Modification - Confidential Resolution Form