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.