Transcription of Portfolio Underwriting Guidelines - Luther Burbank …
{{id}} {{{paragraph}}}
Luther Burbank Savings PortfolioWholesaleARMRev 02/12/181 Portfolio Underwriting GuidelinesProgram Description:An adjustable rate mortgage program fixed for 3, 5,and7yearsthen adjusts annually based on the 1 Year LIBORI ndexProgram Codes:3/1 LIBOR ARM3-Year Fixed5/1 LIBOR ARM5-Year Fixed7/1 LIBOR ARM7-Year FixedContents:Ctrlclick heading below to be directed to appropriate ProgramInterested Party ContributionAge of DocumentsLoan Amount/LTVA ppraisalsMortgage Broker LoansAppraiser RequirementsMortgageInsuranceARM Program InformationAssetsMortgages to One BorrowerNon-Arm s Length TransactionAsset DepletionAssumptionsNon-Occupant Co-BorrowersNumber of PropertiesBank Statement ProgramOccupancyBorrower EligibilityPrepayment PenaltyBusiness EntitiesProperty TypesCondominiumCreditCross CollateralProperties Listed for SaleRatios/Qualifying RateRefinance-Rate & TermDelayed PurchaseDeparting ResidenceRefinance-Cash-outRental SurveyDown PaymentRestricted StockEscrowSource of FundsFlood InsuranceSubordinate FinancingGeographic AreasTemporary Buy DownsHazard InsuranceTitle and Escrow DocumentationHillside PropertiesTrustsIncome / EmploymentUnderwritingInterest OnlyLuther Burbank Savings does not make any loans, which are defined.
Luther Burbank Savings Portfolio Wholesale ARM Rev 02/12/18 2 Affinity Program The Affinity Loan Program is a loan option for medical professionals who (doctors, dentists, ...
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}