Price your loanNON-OWNER OCCUPIED COMBO to 90% CLTV
Loan Amounts: $2,500,000 to $4,000,000
Available in all states

Property Types: Single Family/Condo only (1 unit only)

Loan Type: Purchase or Refi, Cash out OK (max $500,000 cash out on 1st TD >55% LTV)

Credit: 680 FICO Minimum

Doc Type: Full Doc or, if self employed: Stated Income with verifiable liquid assets

Reserves: Minimum 6 months PITI (not from refi proceeds)

Foreign nationals Sorry, only US citizens or permanent resident aliens

Seasoning: No specific policy. Reviewed on case by case basis

First Lien: 70% to 75% LTV

  • MTA Option ARM, 115% max neg am.
  • Start Rate: 2.0%
  • Payment cannot increase by more than 7.5% per year for first 5 years
  • Margin: 4.0% (subject to deal strength)
  • Life Cap: 10.95% (subject to deal strength)
  • DTI: 45
  • Prepay Penalty: 3 yrs hard

HELOC: to 90% CLTV

  • 25 year term. 10 yr Interest Only, 15 year amortizing