|
New Home Loan programs
01-08-2008
OPTION ARMs: (COFI and MTA)
FULL DOC, Owner Occupied, Purchase ONLY!
Conforming: 95% one loan with MI, 660 score
to 500,000: 95% one loan with MI, 680 score
1 million: 90% one loan with MI, 680 score
1.5 million: 80% with 680 score
MULTI-PAY:
FULL DOC, Owner Occupied, Purchase ONLY!
Conforming: 95% one loan with MI, 680 score
to 500,000: 95% one loan with MI, 680 score
1 million: 90% one loan with MI, 680 score
1.5 million: 80% with 680 score
FULL DOC CONFORMING, FIXED RATE, 5/1, 7/1, AND 10/1 LIBOR ARM PROGRAMS:
Owner Occupied and Second Home: 95% with MI 575 score Interest only 620 score
Non-Owner Occupied: 90% with MI 575 score Interest only 680 score
JUMBO FULL DOC:
Owner Occupied and Second Home: 90% with MI 620 score to 1 million
80/90% 620 score to 1.5 million (outside second)
70% 660 score to 3 million
60/65% 680 score to 5 million (outside second)
Non-Owner: 90% with MI 680 score to $650,000
80/90% with 680 score to 1 million (outside second)
LOW DOC CONFORMING, 5/1, 7/1, AND 10/1 LIBOR ARM PROGRAMS:
Owner Occupied and Second Home: 70/80% with 720 score conforming
JUMBO Owner Occupied only 70/80% with 720 score to 1 million (outside second)
70/75% with 720 score to 1.5 million " "
70% with 720 score to 2 million
DU Expanded approvals:
Full Doc, Fixed rate Owner Occupied 7/1 and 10/1 ARMS Owner Occupied
EAI 100% with MI 575 score 95% with MI 575 score
EAII 97% with MI 575 score 95% with MI 575 score
EAIII 95% with MI 575 score 95% with MI 575 score
Second Home:
EAI, EAII, EAIII Both Fixed and Adjustable
95% with MI 575 score
Non-Owner:
EAI, EAII, EAIII Both Fixed and Adjustable
80/90% You find the second with DU approval
Eli Magen is a mortgage Broker signed up with 77 lenders and Banks throughout the nation, that may assist home loans in finding the best mortgage for their property purchase or refinance.
|
