LOAN PROGRAM #1 For purchase of single family residence, duplex, 4plex, condo or planned unit development (PUD) 75% Loan to Value (LTV), Perfect credit not required 700 middle credit score with 3 good credit reference that's been open for at least 12 months 680 = 80% Financing for self-employed borrowers. 24 months bank statements is considered "Full Documentation". When filing with bank statements, income is calculated by adding all deposits and dividing by 24. Withdrawls ARE NOT counted! Your gross income is your total deposits. Bankruptcy is OK as long as its been discharged at least 2 years. Foreclosure is OK as long as property has already been sold and it has been 3 years since the sales date. Collections, charge-offs & repos can remain unpaid as long as the accounts are over 3 years old. Judgments & tax liens MUST be settled. Stated income allowed with a minimum middle score of 740. That means you can state your income without verification. You must state enough income to meet debt to income ratio requirements. NO Mortgage Insurance! NO Reserves Required! NO Seasoning of Funds to Close! Up to 50% debt to income ratio allowed! This is one of the highest ratios available. A standard conforming loan will only allow 38%.	LOAN PROGRAM #2 For purchase of Single Family, Duplex, 4plex, Condo or Townhouse. 1/1 ARM with only 1% max adjustment per year Rates starting at 6.55% (APR 7.25%) NO Conventional credit references required (Car, credit cards, installment etc.) Alternative references allowed (i.e. car insurance, cellphone, cable, water, gas, phone etc.) 12 month history with NO lates. 1/1 ARM with only 1% max adjustment per year. Rate is locked for 1 year. Rate can adjust after 1st year, but does NOT have. Rates starting at 5.75% (Annual Percentage Rate 6.25%) 96.5% Loan to Value with 3.5% down or ZERO DOWN with down payment assistance programs (Portfolio Program Only on zero down) Co-Signer is allowed and does not have to live property. Co-signer can be in another state. This co-signer's income can be added to the primary borrower's so that they can qualify for more (i.e. parents can co-sign for their children or relatives can co-sign to help qualify for higher loan) Minimum of 2 year OVERALL work history required. Does not have to be 2 years at same job. Maximum loan from $258,000 for single family residence to $345,000 for a 4-plex	LOAN PROGRAM #3 For purchase of single family, Duplex, 4 plex, Condo or Townhouse. Perfect credit not required. 680 minimum middle credit score is required with a at least 3 good credit references open for 12 months, qualifies for 100% financing. No mortgage insurance and all collections, charge-offs and repos can remain unpaid. Any bankruptcy must be at least 2 years since the discharge. Minimum commitment period of 2 years to loan terms. Maximum loan amount of $550,000. This loan allows buyers to purchase a property without having to pay-off negative credit report items. Terms allow for up to 3 years to clear credit report of negative items to prepare for refinancing of loan to conforming rates at end of commitment period to lower payments.
LOAN PROGRAM #4 For purchase of a single family residence, duplex, condo or townhouse. 102% Financing. NO DOWN PAYMENT & NO CLOSING COSTS !! Buyer is only required to deposit $500 of own funds. In most case 75-100% of deposit is returned at closing. Financing is 103% of the APPRAISED value of property NOT the purchase price. Loan allows financing of closing costs. 30 year FIXED rate with NO Pre-pay!! Alternative credit (i.e. phone, cable, water, car insurance, rent etc.)can be used if buyer does not have conventional credit references. A mid score of 640 is required. Some charge offs and collections can remain unpaid if accounts are at least 12 months old.  Medical collections can remain unpaid up to a total of $5000. Maximum loans from $330,000 for single family residence. Income limitations apply. 1st time home buyers OK. Properties MUST be located in rural areas.	LOAN PROGRAM #5 For purchase of single family residence, duplex, condo or townhouse. 90% Loan to Value (LTV) Must have a minimum of 2 yrs. of overall work history in same line of work. 720 minimum middle credit score will qualify for 95% financing. 3 conventional credit refernces are required or 3 alternative references allowed (i.e. car insurance, cellphone, cable, water, gas, phone etc.) 12 month history with NO lates. 40-45% debt to income ratio allowed. All negative credit MUST be settled prior to underwriting.	LOAN PROGRAM #6 For purchase of single family residence, duplex, condo or townhouse. Perfect credit not required. 720 Credit Score = 90% Financing (with 3 Good Credit Reference Reporting for 12 months). Program can be used for purchase or refinance. Up to 50% debt to income ratio allowed. Bankruptcy must be discharged a least a minimum of 2 years. Foreclosure must be 3 years since date of sale. Collections and charge-offs can remain unpaid if 12 months or older. Minimum commitment period of 2 years to loan terms. Terms allow for up to 3 years to clear credit report of negative items to prepare for refinancing of loan to conforming rates at end of commitment period to lower payments.
LOAN PROGRAM #7 For purchase of a single family residence, duplex, condo or townhouse. 90% Financing (80/10), owner occupied only. NO Reserves Required, NO Asset Verification, No Mortgage Insurance. NO Seasoning time of ownership for refinance. Can cashout equity on property after only 1 month! NO Limits to cash-out up to 90% Can be used for purchase or refinance. Loans up to $417,000. Minimum mid score of 760	LOAN PROGRAM #8 This program can lower your monthly payments by up to 30%! INTEREST ONLY as low as 6.125%! 30 year loan, interest only for first 10 yrs. Compare a 30 yr fix payment at $1227 ($180k 30 yr @ 7.25%) vs. $918 (int. only @ 6.125%) difference of $308! Maximum loan to value of 90% with NO Mortgage Insurance! NO impounds or escrows required. Buyer can pay taxes and insurance directly. NO prepaid interest. Straight simple interest (i.e. $180k loan x 6.125% = $11,025 / 12 = $918 per month payments (+ taxes & insurance). Buyer can pay ANY amount at ANY time per month towards principle. Apply the differnce of a normal 30 year payment ($308 as in above example) and pay off loan 2-3 times faster! This loan can be used for purchase or refinance. 70-90% LTV up to $1.0 Million. If use for investment, max LTV is 80%. Interest only can cash flow investment property between 100-150%!!	LOAN PROGRAM #9 This program is a specialized construction loan that is a one time close. Most construction loans require two closes and twice the cost. This construction loan only requires one closing. Maximum loan to construction cost is 95%. Appraisal must come in at a value of at least the soft cost and the actual construction costs. Soft costs (plans, site prep, permits etc.) are factored into the the final value of property and are considered as buyer pre-paids. Interest rate is based on the 12 month treasury average with rates starting at 5.75%. Minimum middle score of 700 to qualify for program. Once final inspection has been completed, the original construction is converted to a permanent loan WITHOUT having to close escrow again.
LOAN PROGRAM #10 For purchase of single family residence, condo, duplex or townhouse. This is a very unusual loan with some great features. This loan program is and option ARM. The rate is potentially adjustable, but has a very low start rate of 4%! That's right 4%! This is your minimum payment rate and its locked for 10 years AND its interest only!!! The maximum loan to value of this loan is 70% for owner occupied and 60% if used for investment. A typical loan payment on a $250k loan would be $250k x 4% = $833 ($10,000/12)! No that's NOT a typo. That's your minimum payment without taxes and insurance. Maximum loan amount of up to $1 million at 70% LTV. The maximum your negative amortization balance can go to is 135% of you original loan amount at 70% LTV and 155% at 60% Interest only option for 5 years. Maximum adjustment of payment over 5 years is 7.5% of previous years minimum payment. That's 7.5% of the payment NOT 7.5 percentage points. For example if your previous year's minimum payment was $833 per month, then the MAXIMUM the minimum payment can be the 2nd year of the loan is 7.5% higher. Only if the margin changes. This loan has 4 options per month in terms of a monthly payment. You can pay the interest only minmum payment, fully index, fully amortized or negative amortization. The margin index for this loan is based on the 12 month treasury average (MTA). NOT the daily or monthly average which would be too volatile. This index has out performed the 30 year mortgage for the last 40 years.	LOAN PROGRAM #11 100% Financing with no conventional credit references! Must have a middle score of at least 740 to qualify for 100% financing. Collections, charge-offs and repos can remain uppaid. Bankruptcies must be 2 years old and Foreclosures must be 3 years old. 80/20 combo loan with no mortgage insurance. 2 years of overall work history required. Loans up to $425,000.00	LOAN PROGRAM #12 100% Interest ONLY with NO mortgage insurance. First mortgage can be a 3/1, 5/1 or 7/1 ARM at interest only. 2nd mortgage is a Home Equity Line of Credit (HELOC) @ interest only. Minimum middle score of 620 to qualify. Can file Stated self-employed or wage earner income. Must have at least 3 months of principle & interest reserves in bank account. Seller can contribute up to 3% of purchase price towards buyers closing costs. Minimum of 2 years overal work history required. Rates on first start at 6.25%. Rates on 2nd mortgage depend upon the type of filing (i.e full documents or stated) APR 7.25% No pre-payment penalty.