SELECT COUNTIES WITHIN CA ONLY!!!
Owner Occupied 1-2 Units:
3 YEAR - STATED INCOME: Owner Occupied, Purchase, SFR,
Fico 700, Loan amount from $400K to $3 Million:
70 LTV / 5.750%
Purchase - 70% LTV
Rate/Term Refinance - 65% LTV
Cash-Out Refinance - 60% LTV (Cash-Out Maximum $500K)
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5 YEAR - STATED INCOME: Owner Occupied, Purchase, SFR,
Fico 700, Loan amount from $400K to $3 Million:
70 LTV / 7.000%
Purchase - 70% LTV
Rate/Term Refinance - 65% LTV
Cash-Out Refinance - 60% LTV (Cash-Out Maximum $500K)
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Non-Owner Occupied and/or 3-4 Units:
Purchase - 60% LTV
Refinance - 55% LTV
Cash-Out Refinance - 50% LTV (Cash-Out Maximum $500K)
All based on MTA Index First Adj Cap 2% - .50% Quarterly Thereafter
Life Caps 11.50% for all programs
Add 1.250% for I/O Qualify at P & I Payment.
Cash-Out Add 0.250%
Max Ratio 40%
Minimum Fico 700
Six Months of Stated Income Reserves are required (Non-Retirement Accounts)
N/O/O add 0.250 to Rate
3-4 Units add 0.250 to Rate
All rates and terms subject to change without notice.
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