Mortgage One day out of Short sale, Foreclosure, Bankruptcy, Loan Modification
Post date: Apr 15, 2015 1:1:3 AM
PROGRAM HIGHLIGHTS
· :. 5/1 ARM ONLY
· :. Primary, Second & Investment
· :. SFR, PUD, Condo & 2-4 Units
· :. 70% LTV up to $1MM with 720 FICO
· :. 60% LTV up to $2.5MM with 720 FICO
· :. 60% LTV up to $1MM with 620 FICO
· :. 55% LTV up to $2.5MM with 620 FICO
· :. Cash-out is allowed for N/O/O & 2-4 Units
· :. NO Seasoning on Cash-Out
· :. Cash Back to Borrower: Max equal to 55% LTV
· :. Gift Funds are allowed after a min. 30% down payment from borrower’s own fund
THE MENU IS AT YOUR CHOICE
Option 1: Full Documentation
Option 2: 1 Year Tax Return or 1 Year W-2 Option 3: 12 Month Personal Bank Statements Option 4: Most recent 12 months P&L
Option 5: CPA OR Tax Preparation Firm Letter
(Option 4 & 5) - Most recent 3 months of PERSONAL bank statements are also required.
Contact Your BankerBroker® Massey Kouhssari
949.244.1880
Loans are made or arranged pursuant to CalBRE No. 01872368 & NMLS No. 288498. This information does not represent a commitment to enter into a loan agreement by BankerBroker Real Estate & Mortgage and/or its affiliates. Please note that all information is provided for informational purposes only. Not all
programs are available in all areas and rates and costs stated do not apply to all loans made. Underwriting guidelines and program restrictions apply. Terms and programs listed are subject to change without notice.