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| Owner Occupied 100% Financing for less than perfect credit. |
| Owner Occupied 100% One-Loan |
| Owner Occupied Stated Income/Stated Assets |
| Investment Property 100% Financing |
Rates last updated on Tuesday, November 14, 2006
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Owner Occupied 100% Financing for less than perfect credit.
This product is for those who would like to purchase a home but have had credit trouble.
Term: 30 years
Maximum Amount: $650,000
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Qualifications:
- Purchase
- 2 yrs. same line of work.
- Min. FICO score of 575.
- Bankruptcies must be discharged.
- 50% Debt Ratio
- No Mortgage Insurance!
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Owner Occupied 100% One-Loan
This product is for those who don't want the hassle of paying two mortgage payments. With great fixed rates and flexible qualifications this loan is one of the best available.
Term: 30 years
Maximum Amount: $417,000
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Qualifications:
- Purchase
- 2 yrs same line of work.
- No Bankruptcies in last two years.
- Minor credit derogatories are OK.
- No Mortgage Insurance in most cases!
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Owner Occupied Stated Income/Stated Assets
This product is for those who have excellent credit but don't want to go through the hassle of getting paperwork together. The best thing about this program is you don't have to take a higher rate.
Term: 30 years
Maximum Amount: $417,000
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Qualifications:
- Purchase or Refi
- 680 Fico
- 2 yrs same line of work.
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Investment Property 100% Financing
This product is for those who are looking to invest in Real Estate but don't have 20% usually required to put down.
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Qualifications:
- Purchase
- 680 Fico Score
- 6 Month's payment in savings/401k
- Full Doc or Stated
- Interst Only available
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $333,700 with closing costs of $6,674. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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