competitors are not able to offer, both purchases and re-fi. Be able to crush the
competitors rates through broker financing. Compensation package depends on experience and current production. Newly licensed considered, work remotely is optional.
Inquire for a confidential interview
Both Purchase and Refinance Programs Available:
Min Fico score for FHA
500-579 Max 90% ----- No late's in last 12 months on any credit but will go to 90% ltv
FHA
580-850 Max 99.5% LTV-----No Late's in last 12 months Yes NO FHA ONLY .50%
DOWN PAYMENT ALMOST NOTHING. If borrower doesn’t want .5% down they can go standard
with 96.5% ltv
VA
Does not use fico score but uses the DU approval. So can go as low as 500 score with
DU approval. Approve eligible Level 1, 2, or 3, but not credit score sensitive. 100%
financing. Case by case
USDA down to 560 credit score 100% financing
Manufactured Housing up to 97% ltv down to 620 Score purchase refinance
FHA Streamlines NO FICO scores needed, only run mortgage history only, do not need to
see entire credit again no fico score required
DU Refi Plus/LP Open Access Fannie to Fannie/ Freddie to Freddie
580 score Unlimited LTV and Unlimited CLTV, OWNER OCCUPIED & INVESTMENT NON OWNER
OCCUPIED No one is doing this score and both owner occ. And non owner
Construction
FHA land loan then convert to FHA financing just came out 7/15/13 no one has it for
construction loan fha then convert to fha financing 660 fico needed 96.5% financing
on both construction loan then perm loan 96.5% (whats rare is the 96.5% ltv on
construction loan) **
Jumbo Loans up to 25 million A paper high balance loans up to 90% loan to value
A paper fannie mae loans strong competitive rates and fees, we get direct from lenders endorsed fannie lenders so no 3rd party lender banker loss of rates to borrowers.
Interest Only Loans 5/1 7/1 10/1 arm loans on purchase and refinances up to 80% ltv and 100% cltv
ARM Loans 5/1 7/1 10/1 arm loans on purchase and refinances up to 80% ltv and 100% cltv
Sub Prime loans
Down to 400 score stated income owner occupied or non owner investment property,
500 score can go 6 months or 12 months bank statements to qualify, still in BK or one
day out, Unlimited amount of short sales, and foreclosures, no problems, ltv up to 80% case by case depending on overall credit history and income using. Can lend to one
borrower 25 properties more to this program not enough room to type
Commercial loans to 90% ltv, and hard money commercial loans, and apartment complex
loans both A paper and hard money.
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