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The BankerBroker.com Mortgage Specials

posted Oct 4, 2011, 8:53 AM by Massey Kouhssari   [ updated Oct 4, 2011, 8:53 AM ]

***AUS Approved but Lender Denied?***

***BankerBroker.com Saves Loans***

Super Aggressive Guidelines Virtually No Overlays

FHA – USDA – VA  w/ 620 Score

Still Closing USDA Loans No Stoppage

No Max DTI w/ AUS Approval on JUMBO

NO MAX DTI on VA w/ 620 Score & AUS Approval

>620 SCORE + USDA APPROVAL = NO OVERLAYS

>620 SCORE + AUS APPROVAL = UP TO 50 DTI

>640 + AUS APPROVAL = NO MAX DTI

USE 85% OF MARKET RENTS ON 2-4 UNITS FTHB OK!

        

FHA HIGHLIGHTS

FHA – 24-48 Hour Approvals!!!

FHA – 620 MIN FICO for PURCH, RT, C/O

FHA – 640 FOR JUMBO

FHA – Transfer appraisals from ANY lender

FHA - No DTI Limit with AUS approval & FICO > 640 (no DTI Overlay – Unlimited DTI w/ Approved/Eligible)---46.99/56.99% RATIOS OK!! REGARDLESS OF LOAN AMOUNT

FHA - COLLECTIONS > 12 MOS OLD DO NOT NEED TO BE PAID OFF (cannot be housing or student loan collections)

FHA – MAX DTI for 620 – 639 FICOs is 50% on Back Ratio – No Front cap w/ AUS Approval

FHA – Up to 3x30 Mtg History w/ AUS Approval for RT  & Purch

FHA – Use 85% of Market Rents on 2-4 Units. FTHB OK!

 

 

 

 

 

 

 

USDA HIGHLIGHTS

USDA – 24-48 Hour Approvals!!!

USDA - Min 620 FICO

USDA - 640+ SCORES—NO OVERLAYS

USDA - 640+ NO TRADES/ALT TRADES ACCEPTED

USDA - 620-639 - REFERS OK

USDA - 640+ NO RENT / NO VOR

USDA – NO FICO’s OK!

USDA - NO TITLE SEASONING

USDA - ORDER YOUR OWN APPRAISAL THROUGH ANY AMC!!!

USDA - MAX LOAN AMOUNT $417K -- 103.5% LTV OF APPRAISED VALUE

USDA - 640+ NO COLLECTIONS PAID, NO MI, NO ASSET VERIFICATION, NO RESERVES

USDA - GIFT FUNDS ALLOWED IF NEEDED -- MAX 6% SELLER CONCESSION ALLOWED

USDA - RATIOS UP TO 42/55 W/ 640+ SCORE AND GUS APPROVAL w/ Comp Factors

USDA - 620-639 REFERS MAX DTI APPROX. 29/41

 

VA HIGHLIGHTS

VA – 24-48 Hour Approvals!!!

VA - Min 620 FICO

VA -  100% FINANCING IN 48 STATES INCLUDING ALASKA & HAWAII!!!

VA – 620+ SCORES ALL PURCHASES

VA – 620+ SCORES < $417k REFIS

VA – 640+ SCORES ON IRRL’S (VA STREAMLINE)

VA – 640+ SCORES ON > $417K REFI’S

VA - NO SELLER TITLE SEASONING!!!

VA - UP TO 6% SELLER CONCESSIONS

VA - 90% MAX LTV ON C/O REFI’S

VA - 30 DAYS OFF MLS FOR ALL REFI’S

VA - IRRL’S ONLY DRIVE BY APPRAISAL REQUIRED

VA - COLLECTIONS > 12 MOS OLD DO NOT NEED TO BE PAID OFF (unless housing or student loan)

VA - UNLIMITED DTI W/ APPROVED ELIGIBLE (otherwise manual u/w w/ 41% max DTI OR 120% residual income)

VA - UP TO 2X30 OK – W/ APPROVED/ELIGIBLE FOR RT, C/O, PURCHASES

 

 

 

·         We accept transferred Appraisals from ANY lender

·         Aggressive underwriting---VIRTUALLY NO U/W OVERLAYS OVER THE DU/LP/GUS

 

Our SPEED AND SERVICE

·         Consistent 24-48 Hour turn-times for approvals and conditions

·         Our unparalleled technology allows you track your loans real time

·         Receive live notifications as your loan moves from registration through funding

·         Speak directly with u/w on all approvals and condition clearing

 

Our Pricing

·         Maximize your earnings with up to 4.0% YSP Lender Paid Compensation

·         Unlimited Borrower Paid Compensation up to state high cost or Section 32

·         Quick and easy online registration and lock process

 

Our People

·         Our entire staff is vested in funding your loans

·         Speak directly to your underwriter to discuss your approvals and conditions

·         Dedicated account managers to service your business

·         Communicate with your closer when your docs are sent

·         We will always take your calls and emails

 

Get Approved in 48 Hours!!!   

Email me for Partner Application and Rates!!!

 

Send us one loan and you will notice the difference!

Send us three loans and we’ll become your 1st choice for FHA & USDA!

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