SFR 1-4 Units
LTV to 70% *
Non-owner occupied only or Business Purpose

Typical Loan Package Includes:

• Appraisal with copy of appraiser’s license and E&O insurance.  Credit decision may be provided prior to receipt of appraisal

• Preliminary Report

• 1003 (Loan Application) for each borrower

• Credit report for each borrower

• 2 years income documentation

• Explanation of loan purpose and any significant derogatory credit items

• Purchase: copy of purchase contract, any addendums

• Rental Units: rent roll and copy of lease(s)

• Seconds: copy of first mortgage loan statement, promissory note, and Deed of Trust

•  Manufactured Housing Guidelines

 *  Based upon the lesser of appraisal or purchase price (if applicable).

    Subject to lender approval of valuation.