| Communities |
Cisterns/Septic |
Public Utilities |
Public Utilities |
Cisterns/Septic |
Cisterns/Septic |
Cisterns/Septic |
Public Utilities |
Public Utilities |
| MINIMUM CREDIT SCORE |
680 |
660 |
680 |
650 |
680 |
680 |
680 |
680 |
| MAXIMUM DTI RATIO |
40% |
45% |
42% |
40% |
50% |
42% |
45% |
42% |
| MAXIMUM LOAN TO VALUE |
70-75% |
80% |
80% |
75% |
80% |
70% |
80% |
75% |
| MINIMUM LOAN AMOUNT |
$100,000 |
$150,000 |
$100,000 |
$50,000 |
$150,000 |
$150,000 |
50,000 |
$100,000 |
| |
|
|
|
|
|
|
|
|
| FULL DOC PROGRAM |
YES |
YES |
YES |
YES |
YES |
YES |
YES |
YES |
| ALTERNATE DOC PROGRAM |
YES |
NO |
NO |
YES* |
NO |
NO |
NO |
NO |
| STATED INCOME PROGRAM |
NO |
NO |
NO |
NO |
NO |
CALL |
NO |
NO |
| NO DOC/NO RATIO |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
NO |
| ORIGINATION FEES |
2.50% |
3.50% |
3.0% |
3.0% |
4.0-5.0% |
3.5% |
2.5% (min of $2500) |
3.0% |
| |
|
|
|
|
|
|
|
|
| 30 YEAR FIXED FULL DOC |
8.99% |
|
9.25% to 9.5% |
|
8%/720+ to 9+%/680 |
|
8.9%** |
|
| 30 YEAR FIXED ALT DOC |
|
|
|
|
|
|
|
|
| 30 DUE IN 15 FULL DOC* |
|
|
|
8.75% |
C |
|
|
|
| . |
|
|
|
|
O |
|
|
|
| 25 YEAR FIXED FULL DOC |
|
7.25-8.75% |
9% to 9.25% |
|
N |
|
|
|
| |
|
|
|
|
S |
|
|
|
| 20 YEAR FIXED FULL DOC |
|
6.875-8.375% |
8.75% to 9.0% |
5/15 ARM 7.99% |
T |
|
|
|
| 20 YEAR FIXED ALT DOC |
|
|
|
|
R |
|
|
|
| |
|
|
|
|
U |
|
|
|
| 15 YEAR FIXED FULL DOC |
|
6.625-8.125% |
8.5% to 8.75% |
5/10 ARM>7.80% |
C |
|
|
9.0% to 9.375 |
| |
|
|
|
|
T |
|
|
|
| 10 YEAR FIXED FULL DOC |
|
6.5-8.0% |
|
5/5 ARM>7.59% |
I |
|
|
|
| 10/20 ARM FULL DOC |
8.625% |
|
|
|
O |
|
|
|
| 10/20 ARM ALT DOC |
9.125% |
|
|
|
N |
|
|
|
| |
|
|
|
|
Cisterns |
|
|
|
| 7/1 ARM Amort 25-30 YEARS |
|
|
|
|
T |
|
8.5% (30yr)* |
|
| 5/5 ARM Amort 10/15/20 YEARS |
|
|
|
|
O |
|
8.0% (30yr)* |
|
| 3/12 ARM |
|
|
|
|
Septic |
|
|
7.5% to 7.875% |
| 3/27 ARM FULL DOC |
8.250% |
|
7.75% to 8.0% |
|
P |
|
|
|
| 3/27 ARM ALT DOC |
8.75% |
|
|
|
E |
|
|
|
| 5/10 ARM |
|
|
|
|
R |
|
|
8.0% to 8.375% |
| 5/25 ARM FULL DOC |
8.375% |
|
8.25% to 8.5% |
|
M |
8.75% to 9.75% |
|
|
| 5/25 ARM ALT DOC |
8.875% |
|
|
|
|
|
|
|
| Lender Fee (Upfront) |
|
|
|
|
|
$1500 |
|
|
| BROKER FEES |
1250 |
0 |
1250 |
1250 |
1250 |
1250 |
|
1250 |
| MEX Closing Agent |
1550+DOCS |
1550+DOCS |
1550+DOCS |
1550+DOCS |
1550+DOCS |
1550+DOCS |
|
1550+DOCS |
| PREPAYMENT PENALTY |
3 % yr 1 = 2% yr 2 - 1% yr 3 |
3 % yr 1 = 2% yr 2 - 1% yr 3 |
2% YR=1 1% YR=2 |
2% FOR 5 YRS |
2 YEARS |
5YR 5,4,3,2,1% |
*2% for 3 Years |
2% YR=1 1% YR=2 |
| Rates are subject to change without notice |
|
Construction loans available |
|
Construction loans available |
|
|
**2% for 5 Years RATE daily |
|
|
|
