Fixed
30-Year Jumbo – CCBR-10, -12 (-11, -13 w/prepay)
15-Year Jumbo – BBBR-10, -12 (-11, -13 w/prepay)
30/15 Jumbo Balloon– PPBR-10
- For loans up to $ 650,000
- Income/Collateral conditions as required by Automated Underwriting ( case by case )
- An “Accept” or “Accept Plus” required from LP or DU
- Total loan to value up to 90%
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30-Year Full/EZ Doc – CCBR-100 (-101 w/prepay)
15-Year Full/EZ Doc – BBBR-100 (-101 w/prepay)
30/15 Balloon – PPBR-100 (-101 w/prepay)
- Total loan to value available up to 90%
- Loan amounts available up to $650,000
- Both Full and Limited ( Stated ) Documentation are allowed
- Property types: Single family, Condo, Planned Unit Development 2-4 units, 2nd Home/non-owner
- Loan program utilizes Automated Underwriting
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30-Year EZ ( Stated ) Doc CCBR-06
15-Year EZ Doc BBBR-06
- $417,700 maximum loan amount
- No prepayment penalty available
- Cashout refinance available
- Automated Underwriting utilized
- Property types: single family (attached or detached), condominium PUD
- Primary residence only
- Minimum 680 Credit Score required
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30-Year EZ Doc Streamline Refi – CCBR-09
15-Year EZ Doc Streamline Refi – BBBR-09
30/15 Balloon EZ Doc Streamline Refi – PPBR-09
- Streamlined Refinance program
- a reduction in interest rate
- a reduction in amortization term
- to replace a ARM or a Balloon/Reset Mortgage with fixed rate
- Allows only rate and term refinances
- Loan proceeds up to 2.5% of loan amount for closing/financing costs
- Not assumable and no prepayment penalty available
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15-Year Fixed 90% LTV – BBBZ-01
30-Year Fixed 90% LTV – CCBZ-01
- Program has a maximum LTV of 90%.
- LTV Proceeds > 80.01% can be used for MI premiums or closing costs
- Seller contribution up to 3% is allowed
- Max Loan Amount $418,000
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Loan programs, rates and fees subject to change without prior notice.
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