Non Owner occupied OK

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660 Credit Score 90% LTV Financing to 2 Million

90% LTV Financing

660 mid credit score required

Loan amounts to $2,000,000

Fixed and ARM terms available

Interest Only available

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Condotels

Full Doc SFR and 2^nd homes to $750,000 80% LTV Financing and 90% LTV Financing

Non owner occupied 70% LTV and 75% Combined Loan to Value

Fixed and ARM products available

Max loan amount - $2,000,000

Stated Income for Condotels

Primary and 2^nd home programs to 70% LTV and 75% Combined Loan to Value

Must have kitchen, minimum square feet is 500, min credit score is 700
Reserves - 12mo salary in bank.

Fixed and ARM products available

Max loan amount - $2,000,000

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Hard Money Product

This program is an asset-based lending for borrowers or properties that do not any other underwriting guidelines.

Whether you need to go stated, are currently with in foreclosure, currently in bankruptcy or past bankruptcies, or in probate, we have these types of financial solutions for both residential and commercial properties.

Single family residence, multi unit properties, multi unit projects

Loan amounts to $30,000,000

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1 Day off MLS
Refinance Cash Out to 90% LTV Financing - Awesome $900k Jumbo Pricing!

90% LTV available

ARM's available

interest only available

No price adjustment for CASH OUT!

DECLINING Market areas Okay!

1 day off MLS (multiple listing service), no problem!

No price adjustment to Waive/Elect Impounds

Underwriting decision in less than 24 hours

Industry best pricing for Loan Amounts < $750,000

Very quick to close

No mortgage insurance with this product Ever! We are in over 45 states

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QUICK AND EZ NO DOC

purchase/refinance

no price adjustments for non-owner occupied, 2nd home,
2-4 units, cash out, high rise, loan amount..
NO CASH OUT LIMIT
interest only payment option available
no employment required
no income documentation required
no assets required
seller contribution ok
non owner OK
2-4 unit and 2nd homes oK
purchase or rate/term refiNANcE
cash out available
90% Cltv to $1,000,000

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1 Day Off MLS Cash Out Refi $3,000,000

Finance Type

Purchase / Rate and Term

Cash Out

Occupancy

Owner Occupied

2nd Home

Investment

Owner Occupied

2nd Home

Doc Type

Full / Alt

Maximum Loan Amount

Maximum LTV / CLTV

Minimum Credit Score

Maximum LTV / CLTV

Minimum Credit Score

Maximum LTV / CLTV

Minimum Credit Score

1-2 units

$650,000

90%

680

90%

680

60%

680

80%/80%

720

70%/70%

700

80%/80%

680

80%/80%

680

$1,000,000

80%/80%

680

75%/75%

680

not allowed

75%/75%

720

70%/70%

700

70%/70%

680

$3,000,000

70%/70%

720

not allowed

3-4 units

$650,000

80%/80%

680

not allowed

$1,000,000

65%/65%

700

not allowed

Eligible Properties

Attached and detached SFR'S and PUD'S Low/High Rise Condos 2-4 units Cooperatives and Non-Warrantable Condos

Attached and Detached SFR'S and PUD'S Low/High Rise Condos

Maximum Cash out

N/A

All LTV'S $325,000

Addition Restrictions

2 Unit Minimum 700 Credit Score Required

*Co-ops and Non-Warrantable Condos Secondary Financing Not Allowed
*Non-Warrantable Condos:
-85%LTV to $650,000 with 680 Credit Score
-70% LTV with 660 Credit Score
-Max Loan Amount $650,000
*Non Permanent Resident Aliens:
-90% Max LTV/CLTV
-Max Loan Amount $1,500,000

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Hard Money 2nd 80% - 70% Behind Neg Am

*Up to 80% CLTV o/o and noo

*70% CLTV cash-out and behind a Neg Am.

*65% CLTV sub-500 and NOD

How This Product Works: It is a 6 Month Interest Only Balloon Loan. It is a HELOC paying off all consumer debt, we never touch the 1^st. During the 6 months, in order to avoid a missed payment, we set-up an Escrow account paying the mortgage on their 1st and any car payments for 6 months (all installment loans) – providing a huge financial break. During the 6 months all revolving debt, liens, judgments etc...are paid off completely, credit is cleaned, potentially increasing their FICO, on average by 80-100 points.

This program goes up to 80% CLTV, however, with that being said, the 80% would need to include all pay-offs for revolving credit, 6 months of mortgage, 6 months car payment, plus fees. The Lender does require that all revolving debt be paid-off, not just a few credit cards - must include all.

1. 1st mortgage x 6 months

2. Car payment x 6 months (if applicable)

3. Existing 2nd or 3^rd mortgage(s) paid off (if applicable)

4. Total of pay-off amounts for each credit card (not just the monthly payment - total amount)

5. Pay off any title liens, charge offs, delinquent taxes, collection accounts, consumer debt. Add all this together, plus factor in 10 pts (this is a variable and will flex with each loan based on risk factors) in fees for the hard money – which is ONLY applied to the amount of the HELCO, we never touch the 1^st lien. Now see what your CLTV is (with Cash-Out if requested 70% max on cash-out). If it is <= 80% CLTV we can take a look at doing this loan. If the 1st is a Neg Am we can only go up to <=70% CLTV. Interest rates range between 13%-16% - only on the 2^nd.

Benefit to the Borrower: saved from possible financial crisis; FICO can potentially increase to an A or Alt A status, so you qualify for a better loan. All revolving debt is paid off, all collections and liens are paid off. Credit is cleaned up. For 6 months you do not have a car, mortgage payment or revolving debt payments, it’s like cash-out.

80% CLTV - O/O and NOO refinance

70% CLTV – cash-out and behind a Neg. Am

65% CLTV – NOD and sub-500 FICO’s

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Stated Jumbo

Purchase & R/T Refinance (O/O, 1-2 Units)

80/90%LTV/CLTV to $1,000,000 with 700(FIXED)/680(ARMs) FICO

Purchase & R/T Refinance (O/O, 3-4 Units)

80/80%LTV/CLTV to $700,000 with 700(FIXED)/700(ARMs) FICO

Cash-Out Refinance (O/O, 1-2 Units)

80/80% LTV/CLTV to $500,000 with 700

70/70% LTV/CLTV to $700,000 with 700

65/65% LTV/CLTV to $1,000,000 with 700

• Loan Purpose: Purchase, Rate/Term & Cash-out Refinances

• Occupancy: Primary & 2nd Home

• Loan Type: 5/1, 7/1 Libor ARM & 30-year Fixed (Interest only available)

• Max. Loan Amount: $1,000,000

• Doc Type: SIVA

• Min. Credit Score: 680

• Min. Trade lines: A Min. of 24 mos established credit history

• Mortgage History: 0x30 in the last 24 mos

• First-Time Homebuyer: Allowed

• Property Types: SFR, PUD, 2-4 units, Low/high Rise Condo,

• Qualifying Ratio: 38% DTI for Fixed Rate, 40% DTI for ARMs

• Reserves 6months PITI,

• Seller Contributions: - Primary

> 90.01%LTV: 3%, 75.01%-90%LTV: 6%, <=75%LTV: 9%

- 2nd Home: 80.01-90%LTV: 6%, <80% LTV: 3%,

Current Lender Niches

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HARD MONEY 2ND

· ANY Fico! / Credit Score

· Up to 60% CLTV.

· Stated/Stated -- VVOE (Verbal Verification of Employment)

· Notice of Default and Notice of Sale okay!

· Loan amounts of $25,000 - 250,000.

· 80% Draw at closing. Remaining balance available in 30 days.

· NO Prepayment penalty.

Property Types: SFR, Condo, PUD, 2-4 Units.

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0% LTV Financing with a 620 Credit Score Full Doc

90% LTV with 1 year out of BK

 Max loan amt = $450,000

Up To 55% Debt to Income Ratio

No Reserves Required

Interest Only Available - 10 Years OK

Cash out Refi OK

Mortgage Lates OK

ARM and Fixed Rated Available

Owner Occupied

Fixed Income Borrowers OK

No Pre Payment Penalty Available

Tax and Insurance - Impounds Not Required

Collections OK

Cancelled Checks for Housing Payment History OK

Tradelines: Fixed Income borrowers must qualify at fully indexed rate.

3 trades; 1 at 36 months, 2 at 12 months; 1 with $1000 high credit.

Disposables: $750 for Family of 2 or less. Greater of $1,000 or $200 per family member for a family of 3 or greater [> 50 DTI requires minimum $1500 disposable income]

Collections: Any non-bankrupt account > $7,500 in the past 12 months must be paid.

Current Lender Niches

Credit Score Specialist

125% CLTV Combination Mortgage

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Combine this loan with a 100% 1st mortgage

Minimum 680 FICO (state restrictions apply)
Debt To Income to 50%
Combined loan amounts to $825K
Up to $200K cash-out
12 month seasoning required for cash-out
Cash-out, debt consolidation or rate and term refinance

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100% Fixed

With no Mortgage Insurance and no Reserves required, this HIGH LTV loan is a great complement to our product line. It can even be combined with a Second Mortgage for financing up to 125% COMBINED LOAN TO VALUE.

15 or 30 year fixed, 30/15 balloon
Minimum 660 FICO (state restrictions apply)
Max loan amount $700K at 89.99% LTV
Max loan amount $600K at 100% LTV
Cash-out, debt consolidation or rate and term refinance
DTI up to 50%
SFR, Condo, PUD
No Mortgage Insurance Required

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Flow Option Arms

--- Option Arm - Same Day Underwriting and Same Day Docs ---

Cash flow Programs - 3 Year & 2 Yr Pre Payment Penalties Available

You Can Now Pick a Start Rate For The This Option Arm

with 1-year, 2-year or 5-year Payment Options

up to 95% LTV Financing

-Index Available
- LIBOR
- MTA

Fixed Rates Available
- 1year
- 2Year
- 5Year

Credit Score Minimum is 640, But May Vary Depending on factors such as LTV,
documentation and occupancy

Subordinate financing is allowed on up to 95% CLTV for full documentation loans.

Construction to Permanent Available

Cash Out Available

Specialty ARM is a “creative” financial tool that can be used to “create” cash when needed. Each month it offers payment flexibility that allows homeowners the opportunity to stretch cash as needed without having to tap more expensive financing options. These flexible payment options present a built-in home equity line that can be tapped when needed. Deferred interest may be repaid when desired and the balance protection cap ensures that the deferred interest is managed responsibly.

Our Specialty ARM offers the most flexibility when qualifying for a loan; it puts the borrower in control of their finances. Borrowers can manage their money the way they want with up to four payment options each month: Minimum Payment, Interest-Only, Fully Amortizing (30yr), or 15yr Payment.

1. Minimum Payment

This option allows the borrower to keep more cash now and keep monthly payments manageable. This payment changes annually and is calculated using the initial interest rate adjustment feature and payment change cap (7.5%), and certain payment options, can result in deferred interest.

The initial monthly payment will be dictated by the start rate of the loan. The payment can only adjust by a maximum of 7.5% per year over the previous year’s payment (except for every fifth year, when the limit does not apply). For example, if the minimum monthly payment is $1,000, the maximum increase the next year is only $75.

2. Interest-Only Payment

This options allows borrower to keep payments manageable while paying only the monthly interest due. If the Minimum Payment is not enough to pay the monthly interest due, deferred interest can be avoided with this option. Note: This option does not result in principal reduction.

3. Fully Amortized Payment

This option allows the borrower to reduce the principal and pay off the loan balance on a schedule. It’s calculated to amortize your loan based on a 30yr term from the first payment due date.

4. 15 Year Payment

This option allows the borrower to own their home twice as fast. The borrower will build equity faster, pay off their loan quicker and save on interest. It’s calculated to amortize your loan based on a 15yr term from the first payment due date.

Categories of borrowers who should be attracted to this loan

First Category

The FIRST profile is for anyone who has lots of credit card debt or other high interest debt loans. Selecting the Specialty ARM will free up cash flow so that you can focus on paying off high interest credit card debts.

For a loan amount of $150,000, the difference in monthly payment between the prevailing market rate and the Specialty ARM may be as much as $370 per month. Borrowers can take that $370 monthly savings and apply it to pay off their credit card debts. Once they’re paid off, then they can focus on establishing an investment plan or start paying off their mortgage balance.

Second Category

The SECOND profile is for a savvy investor. Anyone who has demonstrated their ability to control their debts and establish aggressive investment patterns might be a perfect candidate for a Specialty ARM.

The latter profile is particularly true for anyone with a very large loan amount because the larger the loan, the larger the monthly cash flow savings that frees up additional capital to invest. Freeing up an additional $500, $750, or more each month and investing the difference can really grow into something big over the next five years. Odds are the growth of these investments will be much more significant than the equity one might experience by paying off your loan through the typical amortization. Any deferred interest which as been added to the loan balance may be partially offset by any appreciation in value.

Summary of Benefits of the Specialty ARM

· Flexibility in the monthly payment. It is one of the main advantages of the Specialty ARM. The borrower will usually have a choice of payment options. Besides fully indexed and minimum payment options the Specialty ARM also has an interest-only payment option so the borrower can change payment options every month.

· Tax planning. Specialty ARMs may be used for tax planning. The borrower can defer interest payments and at the end of the year, analyze their tax situation. If it serves their tax interests, they can make a lump sum payment toward any interest that has been deferred and deduct it for tax purposes.

· Easy qualifying. Homebuyers with good credit can apply without documenting their income, assets, or source of down payment. This is helpful for self-employed borrowers or those who have jobs where it is difficult to document their income. (SISA on primary residence only).

· Low initial rate. The Specialty ARM is offered with a very low initial rate of 1.75% for the 3 month introductory period or 1.00% for the 1 month introductory period.

Current Lender Niches

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Stated Income (yeah, that's right) to 90% LTV

Income Documentation - Stated Income / Verified Assets
Purchase or Rate and Term Refinance
Occupancy	Units	Loan Amount	LTV	CLTV	Credit Score
Primary Residence	1-2	$720,000	80	90	700
	3-4		75	90	680
Second Home	1		80	80	700
			80	90	700
			75	90	680
Primary Residence	1-2	$500,000	80	90	700
		$1,000,000	80	90	700
			75	75	680
	3-4	$700,000	80	80	700
Second Home	1	$500,000	80	80	700
		$700,000	70	70	700
		$1,000,000	65	65	700
Cash Out Refinance
Occupancy	Units	Loan Amount	LTV	CLTV	Credit Score	Max Cash Out
Primary Residence	1-2	$500,000	80	80	700	$500,000
		$700,000	70	70	700	$700,000
		$1,000,000	65	65	700	$700,000

Fixed and ARM's available - 5, 7 and 10 years ARM's available

Eligible Borrower types:

• U.S. citizen
• Permanent resident alien
• Non-permanent resident alien
• First-time homebuyer

Ineligible Borrower type:
• Foreign national
• Non-occupant co-borrower

Title Vesting
• Individuals.
• Joint Tenants.
• Tenants in Common

Ownership
Ownership must be fee simple only and must be in the name of the individual Borrower(s).
Leasehold Estates
Leaseholds are not acceptable.

Transaction Types

Eligible Transaction Types:
• Purchase:
• Cash Out and Rate/term refinance:

- The pay-off of the outstanding principal balance of an existing first Mortgage Loan.

- The pay-off of the outstanding principal balance of any existing subordinate Mortgage Loan that was

used in whole to acquire the subject property or has been more than one year.

- The financing of closing costs (including prepaid expenses).

- Cash back to the borrower in an amount no greater than the lesser of two percent (2%) of the balance

of the new refinance Mortgage Loan or $2,000.

- Appraised Value is based on current appraisal or purchase value whichever less.

• Cash-Out refinance (Primary residence only)

- A Mortgage Loan that may include the unpaid principal balance of the existing first Mortgage

Loan, closing costs, points, the amount to satisfy any outstanding subordinate mortgage liens of

any age, and additional cash that the borrower may use for any purpose.

- Refinance Mortgage Loans that involve the refinance of subordinate liens that were not used in whole

to purchase the subject property are considered Cash-out Refinance. This includes home

improvement loans, HELOC and second Mortgage Loans obtained for taking Equity out of the

property, even if a portion of the subordinate lien was used to purchase the property..

- Appraised Value is based on current appraisal value.

Ineligible transaction types:
• Non-Arms Length Transactions

• Interest Only available

Will not purchase a loan representing a rate/term refinance or a cash-out refinance, if the subject
property is currently listed for sale or has been listed for sale within 90 days of loan application regardless of
occupancy. The appraiser should fully disclose the recent listing and the underwriter may require further

Occupancy

Eligible occupancy types:
• Primary residence
• Second/vacation home

Ineligible occupancy types:
• Non-owner occupied

Property Types

Eligible property types:
• Single family, 1-4 unit (attached or detached)
• PUD
• Condominium unit
• Co-op

Note:

Co-ops permitted in NY only: Counties of: Nassau, Rockland, Suffolk and Westchester

Boroughs of: Brooklyn, Queens, Manhattan, Bronx, and Staten Island.

Condos, attached PUDs, and Co-ops must meet Chase criteria. Refer to Condo Matrices located On-line Guides.

2-4 family property requires 1-4 Family Ride

Credit

• All Credit Documents must be dated no more than 60 days.

• Broker Supplied Credit Report must be dated no more than 30 days.

• Residential Mortgage Credit Report (RMCR) or tri-merged report is required.

• A minimum of two FICO scores must be obtained for each applicant to determine each applicant’s

representative FICO score. If two FICO scores are obtained, the applicant’s representative FICO score

is the lower score. If three FICO scores are obtained, the applicant’s representative FICO score is the

middle score. If there is more than one applicant, the score from the applicant with the lowest

representative FICO is used.

• The borrower’s established credit history needs to consist of a minimum of 4 trade lines (installment,

revolving accounts, mortgages, etc.), one of which has been open a minimum of 24 months, the other 3

must be rated for at least 12 months.

• Bankruptcy must be discharged a minimum of seven (7) years from the application date.

• Foreclosure must be discharged a minimum of seven (7) years from the application date.

• No other derogatory since the discharge or completion of the bankruptcy or the completion of the

foreclosure related action.

• Any open liens or judgments must be paid off at closing.

Mortgage/Rental History

Verification or documentation supporting the mortgage and/or rental payment history for past 24 months is

required. If it is not verified on the credit report, verification from the mortgage servicer, landlord, or borrower is

required. The mortgage and/or rental history may not show any payments greater than 1 x 30 in the last 24

months.

Debt-to-Income Ratio

Fixed Rate: 38%

ARM: 40%

Income

If income is documented in loan file, the loan is no longer eligible for a stated income or no income program.

Employment History

• The borrower must have a 2-year work history. If they do not have a work history covering a full 2 years,

the loan must be processed using the Modified/Standard process.

• Self-Employed: The business must have been in existence for at least 2 years (as stated on the

application). If the business has not been in existence for a full 2 years, the loan must be processed

using the Modified/Standard process.

• Gaps in employment are not permitted.

Salaried Borrowers

- Stable 2-Year income history is required.

- Includes commission income totaling less than 25% of annual income.

- Income Verification: None required.

- W-2s/ Tax Returns: None Required.

- Income stated on the application must be supported by assets reflecting a minimum balance of the

lesser of 50% of the borrower’s annual income or $100,000.

- Assets to support income may come from any combination of liquid assets— checking/savings,

retirement, etc.

- Although income documents are not required the application must state the specific source of income.

Stated income may be used to calculate debt ratios provided all other factors in the file (e.g., assets,

credit information, etc.) appear reasonable and are consistent with the amount being financed.

Employment Verification: Documented telephone verification of the employment with the employer no

more than 30 calendar days prior to loan closing.

- Length of Employment: The borrower must have a 2-year employment history listed on the

application.

- IRS Form 8821/4506 is required. It must be signed at closing by all borrowers and it must cover the

past 2 years.

SELF-EMPLOYED BORROWERS

- Income Verification: None required.

- Although income documents are not required the application must state the specific source of income.

Stated income may be used to calculate debt ratios provided all other factors in the file (e.g., assets,

credit information, etc.) appear reasonable and are consistent with the amount being financed.

- Income stated on the application must be supported by assets reflecting a minimum balance of the

lesser of 50% of the borrower’s annual income or $100,000.

- Assets to support income may come from any combination of liquid assets— checking/ savings,

retirement, etc.

Employment Verification: Documented verification that the business is open and operating no more

than 30 calendar days prior to loan closing.

- Length of Employment: The business must have been in existence for at least 2 years.

- IRS Form 8821/4506 is required. It must be signed at closing by all borrowers and it must cover the

past 2 years for both the individual and the business.

OTHER INCOME SOURCES

- Other income may be considered, however, it cannot be the borrower’s primary source of income used

to qualify.

- Source/length of time received does not have to be verified. Although income documents are not

required the application just state the specific source of income. Stated income may be used to

calculate debt ratios provided all other factors in the file (e.g., assets, credit information, etc.) appear

reasonable and are consistent with the amount being financed

Verification

- IRS Form 8821/4506 is required. It must be signed at closing by all borrowers and it must cover the

past 2 years.

- Assets to support income.

Down Payment & Cash to Close

• Gift Funds/Proceeds from the Sale of Home: Must not be used to support income.

• Large Deposits: An explanation is required if cumulative deposits are greater than one month’s gross

qualifying income. Explanation must be reasonable and consistent with the borrower’s credit and income

profile.

Asset Verification (all LTVs):

• Minimum balance of the lesser of 50% of the borrower’s annual income or $100,000. Whichever is

utilized, it must cover minimum 6 months PITI.

• Assets must be liquid - checking/savings, retirement, etc.

• All pages of the 3 most recent consecutive months’ bank statement(s) or VOD with three month’s

average balance and/or other documents needed to verify assets to close and reserves

Reserve Requirements

6-months verified PITI.

Reserves are required for all transactions – purchase, rate/term, and cash-out refinances.

Sales Concessions

Occupancy LTV Maximum Contribution

Primary Residence <= 75% 9%

Primary Residence 75.01% to 90% 6%

Primary Residence > 90% 3%

Second Home <=75% 9%

Second Home 75.01% to 90% 6%

Secondary Financing

Outside Institutional Lender seconds eligible

Temporary Buydown

Not permitted

Escrow Waivers

The LTV must be 80% or less (unless state law dictates escrows are not required for mortgage loans with an

LTV > 80%).

Multiple Property Ownership

For first mortgages, if the subject property is a second home or investment property, the borrower may not

have more than ten(10) residential properties financed. Joint ownership in residential real estate is considered

the same as total ownership of an individual property and therefore is subject to the same restriction. This

restriction does not include loans on commercial real estate or multifamily dwellings with more than four units).

Mortgage Insurance

LTV reflected is for MI purposes only. Refer to the appropriate LTV matrix for the maximum LTV that applies to

the occupancy and process selected.

Occupancy LTV Property <= 20 years > 20 years

Primary Residence

Second Home

90.01 <= 95% 1-2 Unit & Co-ops 30% 30%

85.01 <= 90% 1-2 Unit & Co-ops 12% 25%

80.01 <= 85% 1-2 Unit & Co-ops 6% 12%

Reduced or Lower cost MI features are not available.

Appraisal

Qualified Appraiser Requirements

The Seller must perform quality control reviews of the appraisers on its approved list, removing appraisers

from the list as necessary.

The appraiser must:

• Be approved by Seller in connection with Mortgage Loans originated for its own account.

• Be a state licensed or certified appraiser.

• Be experienced in the appraisal of properties similar to the type being appraised.

• Be currently engaged in appraisal work.

• Subscribe to a code of ethics that is at least as strict as the code of the American Institute of the Real

Estate Appraisers or the Society of Real Estate Appraisers.

Current Lender Niches

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$5,000,000 - $20,000,000 Jumbo

Mega Jumbo Residential loans from $5MM up to $20MM+ for High Net Worth individuals.

- Maximum Loan amount $20,000,000+

- Minimum Loan amount $5,000,000
- Primary, Secondary, Investment

- Purchase, Refinance or Construction
- Available in 50 States

- 5, 10 or 30 year fixed rate loans

- Interest rates are in the 5's to 7's

- No Prepay Penalties

- Interest Only is available
- Full Doc or SIVA programs

- Max DTI is 45%
- 80% LTV on Purchase and Refi

- 55% LTV on Construction (to finished appraised value)

- Foreign Nationals OK with significant down payment

This is private lending, there is no rate sheet or hard guidelines. Everything is underwritten on an individual level. Assets, Net Worth and the ability to Cross-Collateralize (if necessary) are the most important characteristics of the borrower. Get a conditional approval in 3-4 days and close in 10 to 30 days.

FOR FULL FILE: (without ALL items we cannot submit)

Jumbo Loan Submittal

Document Checklist:

These are the executed documents we are going to need to submit this special loan. We will work with you on this.

____ Executed Borrower Fee Agreement

____ Loan Intake Form

____ Full Application

____ 2 Recent Appraisals (within 2 months)

____ Income Docs if Full Doc (2 years taxes, W2's, 1099's, etc)

____ Asset Docs (all pages, both sides), we will do the Verification Of Deposits’s

____ Recent Tri Merge Credit Report (within 1 month)

____ Purchase Agreement (if purchase)

____ Current Mortgage Statements (if Refinance)

____ Copy of Driver License (legible)

____ Copy of Social Security Card (legible)

____ Signed 4506T (legible)

____ Hazard Insurance Contact

____ Any other docs?

Please fax documents 877-908-2100 Attention Jumbo Loan Submittal Document Checklist:

Current Lender Niches

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Quick App

Foreclosure Loans

Questions? 1-877-90-2100

95% Financing to $500,000 660 Credit Score

Full Income Documentation
Purchase Money/No Cash Out Refinance
Occupancy	Units	Loan Amount	LTV	CLTV		Credit Score
Primary	1-2	$500,000	95%	95%		660
		$650,000	90%	90%		660
		$1,000,000	80%	90%		700
		$1,500,000	75%	90%		700
	3 -4	$650,000	80%	90%		660
	3 -4	$1,500,000	70%	90%		700
Second Home	1	$500,000	90%	90%		660
		$650,000	85%	85%		660
		$1,000,000	80%	80%		700
		$1,500,000	75%	75%		700
Investment	1-2	$650,000	80%	80%		680
Investment	3-4	N/A	N/A	N/A		N/A
Cash Out Refinance
Occupancy	Units	Loan Amount	LTV	CLTV	Credit Score	Max Cash Out
Primary	1-2	$650,000	90%	90%	660	$250,000
		$1,000,000	80%	90%	700	$300,000
		$1,500,000	70%	80%	700	$500,000
	3-4	$650,000	75%	85%	660	$250,000
	3-4	$1,500,000	65%	80%	700	$500,000
Second Home	1	$500,000	85%	85%	660	$250,000
		$650,000	80%	85%	660	$250,000
		$1,000,000	75%	75%	700	$250,000
		$1,500,000	70%	70%	700	$500,000

(1) Hawaii: 1-2 unit properties are available with 90%LTV/CLTV; 3-4 units are not allowed

Fixed and ARM rate product available

Interest Only available

Index is Libor

Borrower Eligibility

Eligible Borrower types:
• U.S. citizen
• Permanent resident alien
• Non-permanent resident alien
• First-time homebuyer

Ineligible Borrower types:
• Foreign national
• Non-occupant co-borrower
• Non-resident alien
• The borrower is party to a lawsuit.

Title Vesting
• Individuals.
• Joint Tenants.
• Tenants in Common

Ownership

Leasehold Estates

Leaseholds are not acceptable.

Occupancy
• Primary residence
• Second/vacation home
• Non-owner occupied (No 3-4 Units)

Eligible property types:

• 1 unit, detached and attached residences

• PUDs

• Condo

• Co-ops (IL, NJ and NY)

• 2-4 Unit

• Condotel – the maximum LTV may not exceed an 80%. Eligible for purchase or rate/term refinance

transactions only with a 10% reduction in LTV. Condotels are subject to investment property guidelines,

regardless of intended occupancy. (Case-by-case basis). ARM products are not available for properties

located in Alaska.

• Non-warrantable condominium – Permitted with a 10% reduction in the LTV; maximum LTV may not

exceed 80%. (Case-by-case basis

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

95% available down to a 620 Credit score
Bank Statements

12 months of Bank Statements Used For Income
--Self Employed or Wage Earner OK

Up To 50% Debt to Income Ratio

 Max loan amt = $450,000

Up To 55% Debt to Income Ratio

No Reserves Required

Interest Only Available - 10 Years OK

Cash out Refi OK

First Time Buyer OK

Mortgage Lates OK

ARM and Fixed Rated Available

Owner Occupied

Fixed Income Borrowers OK

No Pre Payment Penalty Available

Tax and Insurance - Impounds Not Required

Collections OK

Cancelled Checks for Housing Payment History OK

Tradelines: Fixed Income borrowers must qualify at fully indexed rate.

Current Lender Niches

Submit Your Loan Scenario

Contact a Loan Officer

Credit Score Specialist

Credit Repair Application

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

95% LTV Financing with a 590 Credit Score Full Doc

 Max loan amt = $550,000

Up To 55% Debt to Income Ratio

No Reserves Required

Interest Only Available - 10 Years OK

Cash out Refi OK

Mortgage Lates OK

ARM and Fixed Rated Available

Owner Occupied

Fixed Income Borrowers OK

No Pre Payment Penalty Available

Tax and Insurance - Impounds Not Required

Collections OK

Cancelled Checks for Housing Payment History OK

Tradelines: Fixed Income borrowers must qualify at fully indexed rate.

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

90% Financing down to a 680 Credit Score Full Doc

Up To 55%

Debt to Income Ratio

No Reserves Required

Interest Only Available

Max loan amt = $550,000

Cash out Refi OK

First Time Buyer OK

Mortgage Lates OK

SFR and 2-Units OK

ARM and Fixed Rated Available

Owner Occupied

Fixed Income Borrowers OK

No Pre Payment Penalty Available

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

2ND MORTGAGE - STATED INCOME TO 90% COMBINED LOAN TO VALUE

Stated Income / Verified Assets
Occupancy	Property	Units	Max Loan Amount	Purchase or Rate and Term	Cash Out	Minimum Credit Score	Max DTI
Primary residence	Single Family Residence Condo 2-4 Units	1-4	$300,000	90% LTV	90% LTV	700	50
2nd Home	Single Family Residence Condo	1	$300,000	90% LTV	90% LTV	700	700

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

90% Available Down to a 680 Score Bank Statements

12 months of Bank Statements Used For Income
--Self Employed or Wage Earner OK

Up To 55% Debt to Income Ratio

Use 100%! of deposits

No Reserves Required

Interest Only Available

Max loan amt = $550,000

Cash out Refi OK

First Time Buyer OK

Mortgage Lates OK

SFR and 2-Units

ARM and Fixed Rated Available

Owner Occupied

Fixed Income Borrowers OK

No Pre Payment Penalty Available

Tax and Insurance - Impounds Not Required

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

STATED INCOME 90% FINANCING TO $650,000 2 UNITS

2 UNIT

To $650,000

680 Score to 90% LTV

Purchase or Refinance

Owner Occupied

Cash Out Available

Interest Only Available

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

1 or 5 Year Fixed MTA Option ARM Matrix
Owner Occupied
Full Doc

Purchase/Rate and Term

Property	Loan Amount	LTV	Middle Credit Score
Single Family Residence Condo Pud	$500,000	90%	700
	$500,000	85%	620
	$650,000	75%	680
	$650,000	70%	620
	$1,000,000	70%	680
	$1,000,000	70%	620
	$1,500,000	70%	660
	$1,500,000	75%	620
	$2,000,000	80%	700
	$2,500,000	75%	660
	$2,500,000	70%	620
	$3,000,000	80%	700
	$3,000,000	70%	680
	$3,500,000	70%	700
	$3,500,000	65%	680
	$4,000,000	70%	700
	$4,000,000	65%	700
	$8,000,000	60%	700%

2 Units	$500,000	100%	70
	$500,000	95%	620
	$650,000	95%	680
	$650,000	90%	620
	$1,000,000	90%	680
	$1,000,000	80%	620
	$1,500,000	75%	660
	$3,000,000	70%	700
	$3,5000,000	60%	700
	$4,500,000	55%	700
	$8,000,000	55%	720

3-4 Units	$500,000	95%	700
	$500,000	90%	620
	$650,000	60%	660
	$650,000	80%	620
	$ 1 ,000,000	80%	660
	1 ,500,000	75%	680

Current Lender Niches

Credit Score Specialist

Quick App

Foreclosure Loans

Questions? 1-877-908-2100

1 or 5 Year Fixed MTA Option ARM Matrix
Owner Occupied
Full Doc

Cash Out Refi

Property	Loan Amount	LTV	Middle Credit Score
Single Family Residence Condo Pud	$500,000	95%	680
		90%	620
		80%	620
	$650,000	90%	620
	$650,000	80%	620
	$1,000,000	80%	660
	$1,000,000	75%	620
	$1,500,000	80%	680
	$1,500,000	70%	620
	$2,5000,000	70%	680
	$2,5000,000	65%	620
	$3,500,000	65%	700
	$8,000,000	55%	720

2 Units	$500,000	95%	680
		90%	620
		80%	620
	$650,000	90%	620
	$650,000	80%	620
	$1,000,000	80%	660
	$1,500,000	80%	680
	$2,5000,000	70%	680
	$3,500,000	65%	700
	$8,000,000	55%	720

3-4 Units	$650,000	80%	660
	$650,000	70%	620
	$1,000,000	70%	660

Current Lender Niches

Credit Score Specialist