Stated Income - Verified Assets Loans for Purchase / Cash-Out and Rate and Term Refinance


1) Owner-Occupied Primary, Second Homes and Non-Owner Occupied - SFR's, 2-4's and Condos. 660 FICO needed.

SIVA Home Equity Line of Credit (HELOC) - 60% LTV - $100,000 - $1,000,000.
Prime + 1 floating with a 4.25% start rate, 10 year Interest only payment.
4.25% APR  Floor and 18% lifetime cap
10 year draw and 15 year amortization

Available only in SouthernCalifornia.


2) Owner-Occupied Primary, Second Homes and Non-Owner Occupied - SFR's, 2-4's and Condos. 660 FICO needed.
SIVA Home Equity Line of Credit (HELOC) - up to 60% LTV - $100,000 - $500,000.
60% LTV, Owner-Occupied, 6.0% floor and start rate - Prime + 1 floating

50% LTV, Non-Owner Occupied, 6.5% floor and start rate - Prime + 1.5 floating
Both 18% lifetime cap
10 year draw and 15 year amortization

Available in Northern California.


3) Stated Income - Verified Assets | Owner-Occupied only | Self Employed or W2 | SFR's, 2-4 Units, Condo or PUD. 680+ FICO needed.
Purchase or Cash-Out Refinance
70% to $417K or 60% to $1.0MM
30/30 Fixed 4.75% | 15/15 Fixed 4.00%
Cash-Out to $100K OK
Gift to 95% of Down Payment OK
No Multiple Properties - First time Home Buyer preferred
Foreign Nationals - 50% to $2.5MM - 15/15 Fixed 4.75%

Available in: Southern CA


REQUIREMENTS and DOCUMENTATION:
Submit loan application and financial statement by phone, Point FNM 3.2 file or PDF.
Purchase Contract and Preliminary Title Report if applicable.
Current month Bank or Asset statements showing 6+ months of payment reserves.
Credit will be pulled at the Bank and must be derogatory free last 24 Months.
Borrower must open an account with the Bank (FDIC insured) and enroll in autopay for the mortgage payment.
DL and SS card or Passport and Green Card, Foreign Nationals - Visa and ITIN 
We will provide a Loan Consultancy Agreement, to be fully executed and returned.
Email or scan and label all documents.

Must be California only - we do not lend in any other states but CA


FEES :

The Banks' fees, in the transaction: $1,000 to $3000 on HELOC's includes Underwriting, Escrow and Title. 30 year loans have @ 1 point fee in the transaction plus Prepaid Interest, Transfer Taxes and Recording Fees. All Loans have separate upfront cost of Appraisal, ($500+/-).

Our Loan Consultant fees in Sub-Escrow: To be deposited before loan submission, held, and disbursed after the loan funding.(100% refundable in the event of no close)
Loan amounts to $250,000 - $5000, $250,000 to $500,000 - $7,000. Loan amounts over $500,000 - 1.5 points.



The information furnished here is preliminary. This is not an offer or commitment. Rates, terms, and conditions may be changed without notice. All transactions are subject to submission of a formal application, underwriting, and written approval. Loan approval terms may vary. Insurance acceptable to the lender is required to be maintained on subject property.