Can you believe there are some stated/net cash flow loans in the mortgage business?  Help some of your buyers that haven’t been able to qualify on traditional terms qualify for a mortgage loan.  Watch this video for more info.

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STATED PROGRAMS

Stated Program #1:
1) 40% Down Required
2) 740 Minimum FICO
3) 5/1,7/1 ARM Available and 15 Year Fixed
4) Minimum Loan Amount $200,000
5) Allowed on Primary, Second Home and Non Owner (50% Down Required on Non Owner)
6) Available for Purchase,Rate and Term (No Cash Out)

Special circumstances:
**Unavailable in: Riverside,San Bernardino,Kern and Imperial Counties
**Maximum 4 Financed Properties allowed
** Borrowers employed in Mortgage/Real Estate or Construction Not Allowed. Retired,Property Management and/or Real Estate Investors are not allowed.

Stated Program #2 (True Cash Flow):
1) 20% Down Required
2) Minimum Loan Amount $425,000
3) 700 FICO or Greater (Exceptions May Be Granted)
4) 10 Year ARM Only
5) 2 Year Tax Returns and all Financial Statements
6) All California Allowed
7) Purchase and Rate and Term (No Cash Out)
8 ) Unlimited Properties Owned and Financed