Borrower needs

Features

Home Affordability

• Higher loan amounts
  More liberal ratios for loans with loan-to-value ratios 90% or less
• No Mortgage Insurance
• Combo 1st and 2nd Mortgage are available

Convenience

• Rapid Loan Application
• Secured Loan Application

Speed

        48 hour loan approvals

Features

• Jumbo fixed terms & 1/1 - 3/1, 5/1, 7/1 and Interest Only ARMs
• $900,000 to 80% LTV – interest only 3 & 5 year ARMS available
• $1.2M to 70% LTV, 80% CLTV with outside 2nd (max $1.5M combined lien exposure)
• $1.5M to 60% LTV, 70% CLTV with outside 2nd (max $1.5M combined lien exposure)
• No mortgage Insurance
• Refinances: 1 Loan up to 90% LTV - $800,000 maximum loan amount
• Purchases: 90% LTV/CLTV with outside 2nd - Max  LTV for NFLP is 85%
• 1st position HELOCs to $350,000: great for “free and clear” properties
• Stand-alone 2nds: fixed 15 and 20 year term products
• Vacation/2nd home financing to 80% LTV up to $500,000
• 3-4 unit owner occupied program
• Rural properties - ok
• No minimum reserve requirements up to $900,000 (excluding I/O ARMs)
• Gift funds are allowed for down payment
• Condos up to eight stories: minimum ten units
• Refinancing of construction loans to permanent financing is available
• Acreage allowed (full value to ten acres - no value exceeding ten acres)
• 50% maximum DTI on 1st fixed rate refinances - all other products 45% maximum DTI