A-Minus Program
30-Year 97% LTV Jumbo Full Doc – CCBT-04
15-Year 97% LTV Jumbo Full Doc – BBBT-04
- Eligible property types single family, Condo, PUD, 2-4 units 2nd home/Non-owner available
- Single family homes have max loans up to 97% and 350K
- Minimum LTV 80.01%, program requires rate based MI
- Minimum credit score on most loans is 575
- Maximum qualifying ratios 50/50%
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30-Year 80% LTV Lender Paid MI – CCBT-05
15-Year 80% LTV Lender Paid MI – BBBT-05
- Prime Lend America pays the required Mortgage Insurance which is required on all loans
- MI not refundable and remain in effect for the full term of the mortgage.
- Eligible property types SFR, Condo, PUD, 2-4 units 2nd home/Non-owner available
- Minimum credit scores are 525 to 75% LTV; 550 to 80% LTV
- Maximum qualifying ratios 50/50%
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30-Year Limited (EZ) Doc – CCBU-09 (-10 w/prepay)
15-Year Limited (EZ) Doc – BBBU-09 (-10 w/prepay)
- Minimum 600 Credit Score
- No verification of income required
- Stated income must be reasonable for occupation.
- Prepayment penalty does not apply when property is sold.
- Mortgage Insurance required on all loans min LTV 80.01% max LTV 85%
- Primary residence only.
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95% 2/6 LIBOR ARM Full Doc – LLBT-01 (-02 w/prepay)
- Adjustable mortgage program fully amortized for 30-year term. Payment rate remains constant for the first 2 years.
- Rate and payment adjusted at the end of this 2 year period, and every 6 months thereafter.
- First rate adjustment max 3%, subsequent adjustments max 1%
- Mortgage Insurance required on all loans
- All property Types allowed
- 95% LTV to 400K
- 575 minimum credit score .
- Maximum qualifying ratios 50/50%
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Loan programs, rates and fees subject to change without prior notice.
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