The "Catch-All" Loan
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

View only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
ITIN & Other ALT-DOC O.O., 2nd Home & N.O.O. 30 Yr Fixed (No I.O. Available)
2
SEE RATES BELOW
3
$250,000 to Conforming Loan Limit (http://www.loanlimits.org/conforming)
4
TU FICO Score<= 60%> 60% - <= 65%> 65% - <= 70%> 70% - 75%> 75% - <= 80%> 80% - 85%
5
>= 7205.750%5.900%6.125%6.375%6.500%6.990%
6
*700 - 7195.990%6.125%6.250%6.500%6.625%7.125%
7
*680 - 6996.125%6.250%6.500%6.625%6.990%
8
LTV ParametersAdjustments to Rate
9
Condo/Townhome
Max 80% LTVSee...
SFOO/2nd Home (detached)
0.000%
10
Cash Out Refinance
Max 75% LTVITIN
SF Condo (attached)
0.500%
11
Any Gift Funds by a Non-Occupant
Max 80% LTVAsset Only15 Year Fixed-0.125%
12
NY (Investment Properties Only)
Max 70% LTV1 Year SE20 Year Fixed0.000%
13
Newly W2ed30 Year Fixed0.125%
14
REDUCE MAX LTV'S 5% for CA and IL (80% Max LTV)...Guidelines
Alt-Doc (12 Mo. Bk Stmt, P&L Only...)
0.250%
15
Credit > 80% to 85% (0x30x12 Mtg. Lates)Below
16
No BK's, Foreclosure, or Short Sale within 4 Years
Cash-Out Refi. (> $2K of Closing Costs)
0.250%
17
*700 FICO required if no Co-Borrower
SFR & Condos
Gift Funds if <= 80% LTV
0.250%
18
No housing history required on purchase money mortgagesO.O. & 2nd Home
No Gift Funds if LTV > 80% LTV
19
Primary applicant must have 5 tradelines (Active or Closed)
Property
20
- 4 must have have >= 12 mo. history (1 with 24 mo.)
43% DTI
C4 or better condition of property required
21
- 1 with 24 mo. history, 1 w/ > $3K credit limit
Rural properties case-by-case
22
All liens and judgements must be paid at close
55% DTIPayment Shock
23
Credit <= 80%
No payment shock restrictions
24
Minimum 3 trade lines reporting 12+ mo. or 2 for 18+ mo.
Jumbo Minimum by County
25
- Trade lines may be active or closed
3 Mo. Reserveshttp://www.loanlimits.org/conforming/
26
No BK's, Foreclosure, or Short Sale within 4 Years
27
Conforming Loan Limit to $2,000,000 (Up to $6.0M Case-by-Case)
28
TU FICO Score<= 60%> 60% - <= 65%> 65% - <= 70%> 70% - 75%> 75% - <= 80%> 80% - 85%
29
>= 7406.300%6.425%6.550%6.925%N/A
30
720 - 7396.425%6.550%6.925%7.050%
31
700 - 7196.550%6.925%7.050%7.175%
32
680 - 6996.925%7.050%7.175%7.300%
33
660 - 6797.050%7.175%7.300%7.425%
34
640 - 6597.675%7.800%7.925%8.175%
35
LTV ParametersSee...Adjustments to Rate
36
Jumbo Minimum to $1,000,000 Loan
Max 75% LTVITIN
SFOO/2nd Home (detached)
0.000%
37
$1,000,001 - $1,500,000 Loan
Max 65% LTVAsset Only
SF Condo (attached)
0.500%
38
$1,500,001 - $3,000,000 Loan
Max 60% LTV1 Year SE
Jumbo Minimum to $1,000,000 Loan
0.000%
39
$3,000,001 - $6,000,000 Loan
Max 55% LTVNewly W2ed
$1,500,001 - $3,000,000 Loan
0.250%
40
CondoMax 70% LTV...Guidelines
$3,000,001 - $6,000,000 Loan
0.500%
41
Cash OutMax 60% LTVBelow15 Year Fixed-0.125%
42
REDUCE MAX LTV'S 5% for CA and IL20 Year Fixed0.000%
43
Credit (0x30x12 Mtg. Lates)3 Mo. Reserves30 Year Fixed0.250%
44
Minimum 3 trade lines reporting 12+ mo. or 2 for 18+ mo.
SFR & Condos
Alt-Doc (12 Mo. Bk Stmt, P&L Only...)
0.250%
45
- Trade lines may be active or closed
O.O. & 2nd Home
46
No BK's, Foreclosure, or Short Sale within 4 Years
LTV <= 50% (6.300% Minimum Rate)
-0.125%
47
Jumbo Minimum by County55% DTI
Cash-Out Refi (> $2,000 of Closing Costs)
0.250%
48
http://www.loanlimits.org/conforming/
Any Gift Funds by a Non-Occupant
0.250%
49
50
ITINAsset Only
51
DO NOT PROVIDE DOCUMENTAION W/ SOCIAL SECURITY #
Assets > of: 1) All debts including mortgage or 2) All Mo. Debts x 84
52
ITIN Letter or Card, and Photo ID
Assets seasoned for 60 days and large deposits documented
53
2 Yr Residence and Employment History Required on 1003
No DTI calculated if non-retirement funds being used
54
W2 Wage Earner
2 Most recent statements for each account
55
- Verification of Employment
If Assets < 120% - Get dvisor letter stating penalties for distributions
56
- 2 Years Tax Returns
Cash form wholly owned business may be used if...
57
Self Employed
- Provide 2 months most recent business bank statements
58
- 2 Years Personal & Business Tax Returns
- Prove 100% Ownership: K1, CPA letter, other 3rd party docs...
> 4
59
- CPA Letter to confirm business field of work
- Account can be encumbered (i.e. rental security deposit...)
60
- Business License and Articles of Incorporation
61
Rental Income - Lease Agreements required
Asset Depletion
62
63
Foreign National12 Month Income Programs
64
65
Personal Bank Statement Qualifying with Rental IncomeHybrid Income
66
67
68
Compensating Factors
69
3+ Months PITIA Reserves
70
6+ Months PITIA Reserves (Counts as 2 compensating factors)
71
New housing payment won't increase > 10% of existing
72
Borrower's largest income sourced received for 3+ years
73
Credit Score >= 660
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Loading...