Loan Terms

  Product Description

Residential

Commerial

Maximum On Purchase 

65%*

60%*

Maximum On Refinance

60%*

55%*

 Mortgage Terms

Up To 30 Years
(Balloons in 10 Years)

Interest Only 5 Years

Maximum Loan Amount

$1,000,000

$1,000,000

Minimum Loan Amount

$50,000

$50,000

Property Types

SFR, 1-4 Units

Income Producing Properties

Minimum Rate

8.75%*

9%*

Credit Score

No Minimum Score

No Minimum Score

Foreclosure, Bankruptcy

OK**

OK**

Prepayment Penalties

Start at: 2% For 3 Years*

5% For 2 Years*

Processing / Application Fee

None

None

Appraisal

Not required

Not required


* Max APOR on primary residence
** Bankruptcy must be discharged and Limited to prior foreclosures only



Maximum LTV may be lower depending on property type or condition. Loan based on current market analysis report.

The information above is intended to assist Mortgage Brokers only and is not intended for public distribution pursuant to section 226.02 of Regulation Z, Truth in Lending Act. All rates, points and programs listed are subject to change at any time without notice. Mortgage Brokers must comply with applicable state and federal rules and regulations. Loan approval is subject to ability to repay, clear title, clear environmental reports and sufficient equity in the property.



AVAILABLE ONLY IN FLORIDA NMLS #359177