INVESTMENT PROPERTY PROGRAMS

FEATURES & PROGRAM GUIDELINES

• Allows Purchases and rate Term Refinances
• Terms available are 15YR, 30YR Fixed Rates , ARM Products and 7 – Year Balloon Products
• Maximum loan amounts conforming limits
• Minimum borrower FICO score of 720, L/P Accept or D/U approve required for LTV’s above 80%

MAXIMUM LTV’S AND LOAN AMOUNTS

PROGRAM I FULL DOCUMENTATION LOANS – MINIMUM SCORE 620

Max LTV 90% 1 – 2 Unit Property without secondary financing ( No Cash Out Refi’s )

Max LTV 85% 1 – 2 Unit Property with secondary financing ( No Cash Out Refi’s )

Max LTV 75% 3 – 4 Unit Property without secondary financing ( No Cash Out Refi’s )

Max LTV 70% 3 - 4 Unit Property with secondary financing ( No Cash Out Refi’s )

Max LTV 85% 1 – 2 Unit Property w/o secondary financing ( Cash Out Refi )

Max LTV 80% 1 –2 Unit Property with secondary financing ( Cash Out Refi )

Max LTV 70% 3 – 4 Unit Property w/o secondary financing ( Cash Out Refi )

Max LTV 65% 3 – 4 Unit Property w/o secondary financing ( Cash Out Refi )

PROGRAM II LIMITED DOC. LOANS ( ASSETS VERIFIED ) – MINI SCORE 680

Max LTV 80% 1 Unit’s & PUD’s

Max LTV 70% 2-4 Units and Condo’s

PROGRAM III FULL DOCUMENTATION LOANS – MINIMUM SCORE 620

Max LTV 80% 1 Unit No Cash Out , Max LTV 85% 1 Unit

Max LTV 80% 2 Unit Duplex No Cash Outs , Max LTV 85% Duplex

Max LTV 90% 1 – 4 Four-plex No Cash Outs, Max LTV 80% four-plex Cash-Out

PROGRAM IV LIMITED DOC. LOANS – MINIMUM SCORE 640

Max LTV 80% To $350,000 ( All property types ) NCO ( Cash Out N/A )

Max LTV 75% To $400,000 ( All property types ) NCO ( Cash Out Max 75% To $350K )

Max LTV 65% To $650,000 ( All property types ) NCO ( Cash Out Max 65% To $400K )