12 Months Personal Bank Statements - 90% (LTV) Financing

Purpose:

• Purchase
• Refinance
• Refinance - Cash Out to $4,000,000
  

Maximum LTV: 90%

Loan Amounts:

• $6,000,000
• $4,000,000 Maximum Cash Out

Income Documentation:

• Bank Statements: Business - 10% - 50% Expense Factor Maximum (90% - 50% deposits)
• Bank Statements: Personal - 0% Expense Factor maximum (100% deposits)

Self-Employment: Self Employed. Any type of business entity including 1099 Independent Contractor

Property Types:

• Single Family Residence (SFR)
• Condo
• 1-2 Unit

Occupancy:

• Owner Occupied

Terms:

• ARM 5/1 (5 year arm) ARM & 7/1 (7 year arm) ARM
• 30 Year Fixed
• Interest Only

Credit Scores / Loan-to-Value:

• 660 Minimum Credit Score for 85% LTV
• 700 Minimum Credit Score for 90% LTV

Major Credit Event Seasoning Requirement:

• Bankruptcy - 2 years
• Foreclosure - 2 years
• Foreclosure - 2 years

3-9-20 333051418