Tuesday, July 12, 2011

Stated Income / Stated Assets, Up to $2M, NY & GA

TRTY                 NY & GA
AMNT               $200k - $400k    /      $401k - $2M
LTV                    65%                      /      60%
INT                    5 – 6%
PTS                    3
TRM                  3 – 5  /  30
PPP                    No pre payment penalty
CRDT                 Min 650 middle, no lates last 12 months

Property Types:           Standard with case by case exceptions