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Thursday, June 18, 2009

PURCHASES STATED INCOME GUIDELINES

STATED INCOME GUIDELINES:

40% down with 620 FICO
20 % DOWN WITH 700 FICO
WAGE EARNER ONLY - HOURLY, MONTHLY, COMMISSION (NO SELF EMPLOYED)
CA ONLY
625k Max Loan Amount
Primary, Second Home, and Investment Properties
SFR, Condo, 2 - 4 Units
25% DOWN PAYMENT for Investment Property & Cash Out
Fixed Income Not Acceptable
10 Properties Max
Maximum Rate is 6.5%
Program is 30 Year Fixed
No Pre Payment Penalty


CAMILO MORENO
Mortgage Professional
Purchase Money Specialist
Great western Bancorp Inc.
6033 W. Century Blvd # 700
Los Angeles CA 90045
310 216 1700 ext 116
310 216 1750 Fax
www.gwbmortgage.com

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