Transcription of WHOLESALE LENDING - AT-A-GLANCE PROGRAM GUIDE
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WHOLESALE LENDING - AT-A-GLANCE PROGRAM GUIDE
WHOLESALE LENDING - AT-A-GLANCE PROGRAM GUIDE KEY UNDERWRITING GUIDELINES Broker- glance Key UW Guidelines Page 1 of 25 12/10/2018 MORTGAGE programs FRMs 15 and 30 Year Terms ARMs 3/1, 5/1, 7/1, 10/1 & 3/1, 5/1, 7/1, 10/1 Interest Only Refer to rate sheet for rates, pricing, LTVs & TLTVs for the above programs Following are Key requirements for Standard Doc/Guidelines Loans; refer to Account Rep. for others. For Portfolio Express Refi Refer To Separate Charts STANDARD DOC/STANDARD GUIDELINES APPRAISAL Refer to AT-A-GLANCE Key Appraisal Requirements. ASSETS TYPES Liquid Assets 100% of seasoned funds on deposit in the Borrower s checking, savings, money market or certificate of deposit accounts may be used to cover down payment, closing cost and/or reserve requirements.
WHOLESALE LENDING - AT-A-GLANCE PROGRAM GUIDE KEY UNDERWRITING GUIDELINES Broker-Glance Key UW Guidelines Page 1 of 24 10/09/2018 MORTGAGE PROGRAMS ARMs
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