STATED & FULL DOC PROGRAMS

I wanted to give you, my readers something to look at that may help you get a mortgage in this tight lending environment.

Credit Scores:
The minimum credit score is 660 for most of the programs. 680 and 700 are required for others.

90% n/o/o (660 full doc 1-2units, Fico 680 Stated)

95% stated w/ MI to 400k o/o, w/ Fico 700 (w-2 & S/E)

90% stated w/MI to 650k o/o, Fico 660

1M$ cash/out full doc o/o,SFR @ 80ltv Fico 680, Int.Only (Classic program)

JUMBOS to 4 M $ full doc & stated (Alt-A) !

Rate/Term with New Appraised Value- Next Day ! (no seasoning)

80% NINA w/ Fico 660, o/o , ( Alt-A )

Option ARM -Payment & Rate fixed for 5 yrs

Unlimited Cash/out on loans to 1 M $ on Alt-A guides

Cash/out proceeds cover Reserve Requirement

Condo Conversions & Condotels allowed !

Stated Retired / Stated Fixed Income (95% w/ Fico 700)

N/O/O 3-4 unit 80 ltv full doc Interest Only ! i.e. must have 20% down

Terminology:
N/O/O: Non/Owner Occupied means an investment property.
NINA: No Income No Assets verified
R/T: Rate and Term, the borrower does not get cash from the refinancing.

Note: These are non traditional programs that may come handy when Fannie and Freddie guidelines prove illusive.
Call me if you need more details: 773-562-6972.