What types of loans are available ?
· 5/1 FlexPay Option ARM Full Doc and Stated. Primary residence only. 680 min fico. 6 mos PITI. Loan amounts up to $2,000,000! Min payment as low as 50% of 30yr…effective payment rates from 0.968% to 3.213%!
· My Community Mortgage Purchase loans up to 100% LTV. 6% financing concessions allowed! 5/1 ARM and Fixed 30 with Interest Only now available!
· Flex 97 and Flex 100 with 0 to 3% down payment requirement. 5/1, 7/1, 10/1, and Fixed 30 with Interest Only available! 40yr Fixed and 40yr Amortized ARMs now available!
· Agency (CONFORMING) EXPANDED APPROVAL Levels 1-3 direct through eMITS! Ficos as low as 500!!
· Terrific Agency (CONFORMING) pricing (LP/DU)! Price your Agency eligible Conforming loans in eMITS or QuickPricer! Same as regular loans…input online and let eMITS run LP or DU for you! FastForward available…no income or asset documentation…priced as Full Doc! 40yr Fixed and 40yr Amortized ARMs now available for Full Doc!
· Super Jumbo product for loans 417,001 to 2,000,000. Full doc or Stated (W2 or Self employed). 680 min fico. Full Doc LTV as high as 95% and Stated as high as 90%. Fantastic rates for your high credit score Jumbo borrowers.
· Alt-A Conforming and Jumbo. Loan amounts up to $2,000,000! Full Doc, Stated (W2 or Self employed), No Ratio, and NINA! 620 min for Full Doc. 640 min for Stated. 660 min for No Ratio. 680 min for NINA. Non-Owner and 2nd Home are now available in all doc types except NINA for Jumbo loan amounts! Cash out proceeds up to $1,000,000!
· Interest Only on 3, 5, 7, and 10yr ARMs....and 10yr Interest Only on FIXED 30 Great rates!
· HELOC can go behind most NEG AM loans! Appraisal waiver program. Options with rebate up to <1.500> paid on Line amount! Standalone allowed!
· Stated wage earner now allowed with no restrictions or pricing hits on Super Jumbo, Alt-A, and HELOCs!
· Reverse mortgage products…with no requirement for you to be FHA approved! Commissions up to 4.5%! Min age to qualify is 62. No Income, assets, or employment are required. No min fico! Can also be used if borrower is behind on mortgage!
· Residential Construction loans Primary and Second Home… Full Doc up to 95% LTV and Stated up to 75% (based on completed value)! Use for ground up, Remodel, and even work in progress! Sign up for the next training class here: Construction Training
· Residential Lot loans Interest only available, improved land up to 20 acres, minimum down 20%. Full Doc or Stated.
· Commercial loans We pay up to .500pt on the final loan amount at funding. Multifamily (5+ units) and Commercial (Office, Retail, Light Industrial/Warehouse-Flex, Mixed-Use, Self Storage and Mobile Home Parks).
· Case by case...new construction housing tracts and apartment buildings.
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