Terminology
Guide

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JUMBO stated 2 unit

            discontinued

No Income Documentation Required
            Stated / Stated   =   no verification of   income / assets

 

            FOOTNOTES FOR PRIMARY RESIDENCE:

            1. On High Rise condos (5 or more stories) the following limits apply to Purchases and Rate / Term Refinances:

            a. The LTV cannot exceed 90%.

            b. The CLTV cannot exceed 90%.

            2. The Program does not allow Secondary Financing when the loan amount is greater than $1,000,000.

            3. Cash-out is limited to $100,000 if the property is a high-rise Condo (5 or more stories).

            4. Attached Housing may require a Price Adjustment-refer to the Rate Sheet.

            5. Refer to the Rate Sheet for price adjustments tied to Credit Scores and Loan Amounts.

 

 

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REFERENCE # 5112703142

 

all loan products are subject to change at any time
other restrictions may apply