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STATED PROGRAMS
Stated Program#1:
1) 40% Down Required
2) 740 Minimum FICO
3) 5/1,7/1 ARM Available and 15 Year Fixed
4) Minimum Loan Amount $200,000
5) Allowed on Primary, Second Home and Non Owner (50% Down Required on Non Owner)
6) Available for Purchase,Rate and Term (No Cash Out)
Special circumstances:
**Unavailable in: Riverside,San Bernardino,Kern and Imperial Counties
**Maximum 4 Financed Properties allowed
** Borrowers employed in Mortgage/Real Estate or Construction Not Allowed. Retired,Property Management and/or Real Estate Investors are not allowed.
Stated Program#2 (True Cash Flow):
1) 20% Down Required
2) Minimum Loan Amount $425,000
3) 700 FICO or Greater (Exceptions May Be Granted)
4) 10 Year ARM Only
5) 2 Year Tax Returns and all Financial Statements
6) All California Allowed
7) Purchase and Rate and Term (No Cash Out)
8) Unlimited Properties Owned and Financed
Eric & Matt Gausepohl
Director of Sales/Product Development
800-774-7650 begin_of_the_skype_highlighting 800-774-7650 end_of_the_skype_highlighting
NMLS#339252