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September 19,
2007
Conventional
conforming rates: 30 year fixed rate full doc 6.50
/ 15 year year fixed rate full doc 6.25
Jumbo
Loans (360K -650K) 30 year fixed rate from
CALL / 15 year fixed rate from CALL For rate
and availability (MAX LTV Full DOC
80%)
Super jumbo
650k+ 30 year fixed full doc Call for rates / 15
year full doc CALL FOR PRICING AND
AVAILABILITY
MTA index
4.93 COFI (11th District)
4.277 COFI (FEDERAL) 4.52 COSI 4.78
CODI 5.324 1 Month Libor
5.48 6 Month Libor 5.
368 1 Year Libor
5.184
1 Year CMT (Constant Maturity
Treasuries) 4.96 3
year CMT
4.82 5
year CMT 4.88 7 year
CMT 4.93
10
year CMT 5.00 Margins
2.65 - 4.00
****No ratio mortgages meaning no DTI (debt
to income) qualifier from 680 fico ****
***50 year amortization**** fixed rate or
ARM to 1.5MM (LTV restrictions apply) 50/30 (50 year amortization
due in 30)
***40 year amortization**** fixed rated 40
year pricing and ARM's, 2yr, -10 yr. to 8MM.
Fico acceptance from 500 (LTV restrictions may apply)
loans over 850K LTV restrictions apply. call Joe 718 925-9471
or inquire on quick quote.
***New*** 40 year MTA &
Cofi indexed option ARM's start rates as low as 1% (Neg
am): Three payment options, interest only, minimum payment
or fully amortizing principle plus interest. Deferred interest
/negative amortization allowed up to 115% of loan amount (NY
110%). 620 minimum fico requirement (Full Doc) 640 for
(stated income) on owner occupied properties / 660 minimum fico for
investment properties. Purchase transactions to
(100% CLTV / 1MM)
(Owner occupied / 700 Minimum mid fico
score needed for loans equal to or greater than
1MM) (LTV restrictions apply on loans greater than
1MM) Loans to 8MM. non-warranted Condo's to 95%
CLTV (Owner occupied) Investor non-owner occupied from 660
fico up to 90% LTV (LTV restrictions may apply) call Joe
at 718 925-9471 or inquire on quickquote
****40 year Amortization 3/1, 5/1,
7/1 & 10 year ARMS (80/20) *** Primary Owner occupied from
640 FICO full doc / 740 fico for stated income (90% w/
assets). 100% LTV drying up quick as of
8/10.
****85% LTV plus up to 3% seller concession,
primary owner occupied 3 and 4 family Full Doc from 640+ fico!****
500K Cap.
****90% LTV plus up to 6% seller concession
on 2nd homes***** (Not investment properties)
Fannie Mae
Non-Warrantable Condo's / Condo conversions and Condo-hotels
(Condotels): Primary Owner occupied up to 85% LTV (Full
Doc) from 660 Fico. Stated income verified assets (SIFA) self
employed only and Full income, stated assets (FISA) to 90%
LTV, from 680 fico. Investor Non-Warrantied Condo's and
Condo conversions from 660 Fico up to 95%. Conditions and
restrictions apply. Call Joe at 718 925-9471 or inquire on quick quote.
Gov't Arms
Fico's from 640 (full doc). Low interest for a
fixed period usually any where from 3-10 years.
Relockable. Could be interest only or fully
amortizing. Inquire on quick
quote.
Interest only
arms: Fico's from 640 ( LTV restricted
under 620) Up to 2MM (LTV restricted), Call
Joe (718) 925-9471or inquire on quick
quote for a rate quote.
Libor based interest only arms: 640 minimum fico
required terms from 3-10 years based on London interbank
offered rate plus a margin.call Joe at 718 925-9471 or inquire
on quick quote.
Non
Conforming Interest only arms: 660 minimum mid
fico score to qualify for this program (Full Doc). Up to
1MM no income verification with reserves. 680 Minimum Fico
for self employed stated income. Call Joe (718)925-9471or
inquire on quick quote for rate
quote.
Non Conforming Arms to 85%
LTV + up to a 6% seller concession on 1-2 family owner occupied
residential: Fico acceptance from the low
500's. Scores under 620 will have LTV restrictions. Full Doc
620 fico or Self employed stated income from
680 Call Joe (718) 925-9471 or inquire on
quick quote for a
rate.
Investment Property To 90%
LTV (Full Doc). Full Doc or stated income
(Stated income for self employed only). 1-4 family
residential. Call Joe (718) 925-9471 or inquire on quick quote for a fast rate quote.
Creative Finance: Send us your
circumstance on quick quote and
we'll do our best to tailor a loan package and deal for
you. If your ready to put in the work to find the right deal,
we"ll work hard to get it funded for you.
Rural Properties: To 80% LTV (FULL
DOC) owner occupied (Conditions and restrictions
apply) from minimum mid fico score of 660 . Properties over 10
acres may have additonal LTV restrictions and appraisal
conditions apply with respect to market time, recent sales,
distance of comparables in relation to subject property. Call
Joe at 718 925-9471 or inquire on quickquote.
Commercial properties 5+ multi-unit investment
properties: Inquire on commercial loans or call Joe
(718) 925-9471
Mixed use Properties: Store + apartments,
inquire on commercial
loans or call Joe (718)925-9471.
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