Borrower Guidelines

Type	Max LTV	Purchase Max CLTV	R/T & C/O Max CLTV	Max Cash Out
Residential Non-Owner	70%	80%	65%	Unlimited
Commercial	60%	80%	60%	Unlimited
Multi-Family Mixed-Use	60%	80%	60%	Unlimited

Exceptions Considered

Construction and Rehab on a case by case basis

NO RESIDENTIAL OWNER OCCUPIED LOANS

Property Types: 1-4 Family homes, condos, townhouses, PUDs, mixed-use, commercial, multi-family. No manufactured or mobile homes

CLTV: 85% CLTV Allowed for purchase transactions on residential properties with Seller-carry or other secondary financing. Example: 70% 1ST and 15% Seller-carry! 15% Down Payment. 80% allowed on commercial, multi-family and mixed-use properties for purchase transactions only with Seller-carry or other secondary financing.

Loan Amount Range: Min. Loan Amount: $100K. Max. Loan amount: case by case

Employment & Assets: Employment must be disclosed for all doc types and need to state company name, phone number, and position. Assets must be disclosed and verified for SIVA documentation types. Assets must be stated on SISA doc type.

FICO: No FICO requirement

Standard DTI/DSC: NON FACTOR

Mortgage History: NON FACTOR

Lates: NON FACTOR

Judgments, Delinquent Taxes and Other Liens: All Liens on title must be paid at closing or the borrower must provide evidence of satisfaction. Title must indicate that any liens will be removed of record upon pay off of same. Tax liens are required to be paid prior to closing or may be paid off through proceeds at closing.

Bankruptcy: Considered

Foreclosure: Considered

Income Documentation: Full Doc, SIVA, SISA

Cash Out Restrictions: Unlimited