Ø Owner Occupied Only
Ø NO INCOME DOCS – VOE ONLY
Ø SFR, Condos, 2 - 4 Units
Ø Rates - 5.125% to 5.75% with .5+ cost
620 MIN FICO!
UP TO 80% LTV!
LOANS UP TO $729.750!
Ø NO 4506 REQUIRED
Ø Must have verifiable employment (no company owners & no family businesses, no commissioned salespeople)
Ø 55% back end ratio
Ø V.O.E. must be completely filled out with current YTD and previous years income and information
| FICO | MAX LTV | MAX LOAN AMT | LOAN TYPE |
| 620+ | 80% | $417,000 | R/T, PURCHASE |
| 640+ | 70% | $417,000 | CASH OUT |
| 660+ | 0 to 74.9% | $417,000 up to $729,750 (county limit) | R/T, PURCHASE |
| 720+ | 75% - 80% | $417,000 up to $729,750 (county limit) | R/T, PURCHASE |
| 740+ | 60% | $417,000 up to $729,750 (county limit) | CASH OUT |
Ø Gift funds allowed
Ø CA Only
Ø No more than 10 properties total - no rental income can be used
Ø Underwriting 3 business days
Ø New WSFOA HVCC Regulations Apply – new appraisal ordered after the 3rd day of formal submission to investor.
Ø Min Loan $100,000
![image001[1]](cid:image001.jpg@01CA3DCD.219121F0)
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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