Residential Rates & LTVs

"No Doc" Program

Stated Income
No down payment sourcing or seasoning
Gift Funds OK
No pre-payment penalties

Effective   11/30/2001

PROPERTY
TYPE		 CREDIT
SCORE		 1st
LIEN		 2nd
LIEN		 DOWN
PMNT		 RATE 

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	Single Family
	700+
	90%
	5%
	5%
	10.00%
   

   

	O/O
    

	85%
	10%
	5%
	9.50%
   

   

	

	680 - 699
	90%
	5%
	5%
	10.50%
   

   

	

	

	85%
	10%
	5%
	10.00%
   

   

	

	650 - 679
	90%
	5%
	5%
	11.00%
   

   

	

	

	85%
	10%
	5%
	10.50%
   

   

	

	620 - 649
	85%
	10%
	5%
	11.50%
   

   

	

	

	80%
	15%
	5%
	11.00%
   

   

	

	595 - 619
	80%
	15%
	5%
	12.00%
   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	*Double Wides
	650+
	85%
	10%
	5%
	11.50%
   

   

	O/O
	620-649
	80%
	15%
	5%
	12.00%
   

   

	(Max 10 years)
	595 - 619
	80%
	15%
	5%
	12.00%
   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   
   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	*Single Wides
	650+
	75%
	20%
	5%
	11.50%
   

   

	O/O
	620 - 649
	70%
	25%
	5%
	12.00%
   

   

	(Max 10 years)
	595 - 619
	70%
	25%
	5%
	12.00%
   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	2 - 4 Unit
	650+
	85%
	10%
	5%
	11.50%
   

   

	O/O
	620 - 649
	80%
	15%
	5%
	12.25%
   

   

	

	595 - 619
	80%
	15%
	5%
	12.25%
   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	Condo's &
	650+
	85%
	10%
	5%
	11.50%
   

   

	TownHomes
	620 - 649
	80%
	15%
	5%
	12.25%
   

   

	O/O
	595 - 619
	80%
	15%
	5%
	12.25%
   

   

	

	

	

	

	

	

   
   
   

	

	

	

	

	

	

   
   
   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	

	

	

	

	

	

   

   

	**Residential
	650+
	85%
	10%
	5%
	12.00%
   

   

	1-4 Unit N/O/O
	

	

	

	

	

   





    
* Must be on permenant Foundation, on Land

  
** Light Doc. DTI ratio max 40%. Copy of most recent bank statement. 3 months reserves required.


Light Doc - VOR (Verification of Rent) for Credit Scores of 595-619.











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