| Lending Area: |
Nationwide including Hawaii and Alaska |
| Loan Amounts: |
1. Small Balance: Min $400,000 to $3,000,000
2. Large Balance: Min $2 million to $50,000,000 |
| Max LTV: |
85% LTV |
| Max LTC: |
90% LTC |
| DSCR: |
1.05 X for Small Balance Program
1.20 X for Large Balance program |
| Amortization: |
25- 30 years (40 year amortization is available for loan amounts greater than $1 million) |
| Initial Fixed Period: |
2, 5, 7, 10, years fixed |
| Third Party Report: |
$3,000 – $5,000 for most of the purchase and refinance for Small Balance Loan
$7,000-10,000 for most of the purchase and refinance for Large Balance Loan |
| Personal Credit: |
Average FICO score of 660 or above, but we will consider lower scores with a corresponding rate adjustment |
| Origination Fee: |
Typical applies, depending on specific property and borrower information |
| Interest Only: |
Available |
 |
| 40-year Amortization: |
Available |
| Stated Income & Asset: |
Available |
| Market Rent Underwriting: |
Available |
| Apartment Renovation Loan: |
Available |
| Condo Conversion Loan: |
Available |
| Ground Up Construction Loan: |
Available |
