Unique Mortgage Programs

1.  Jumbo fixed rate mortgages & ARMs (adjustable rate mortgages):
         –$900,000 to 80% LTV – interest only 3 & 5 year ARMS available
         –$1.2M to 70% LTV
2.  No mortgage insurance (PMI)
3.  Refinances: 1 Loan up to 90% LTV – $800,000 maximum loan amount, no PMI
4.  No adjustment to rate up to $1M
5.  First position HELOCs (home equity lines) to $350,000
6.  Stand-alone 2nds: HELOCs and convertible to fixed 15 and 20 year term products
7.  Cash out – up to $200,000 cash-in-hand
8.  3-4 unit owner occupied program up to 80% LTV – $900,000 maximum loan amount, no adjustment to rate
9.   Automatic 45 day lock
10.  Gift funds are allowed for down payment

Unique mortgage programs for foreign nationals:

1.  For foreign national max Loan-to-Value is 50%.
2.  Require copy of passport with a valid visa to enter the USA. Visa can be any including tourist (B, F, J, H, L type)
3.  Loan can be closed under power of attorney. Power of attorney has to be notarized by the US embassy.
4.  No need for US credit. No social security number is OK. No income or assets verifications.
5.  Do not require the borrower to have a bank account here.