lenderep
2702 Posts |
 Posted - 02/23/2008 : 4:53:47 PM
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Full Doc, SIVA, and SISA:
DO/DU Automated Approval required
Approve/Eligible, EA1, EA2, and EA3 programs available. LP Accept and A- allowed.
*** URL UW must run new DU/LP Findings
URL also offers Non-Conforming Jumbo, Alt A, 2nd Mortgages, and Sub Prime programs ... Please call for details
Programs and Rates: www.urlending.com
URL Prime (Agency DO/DU) - FULL DOC:
- Available for Primary, 2nd Homes, and NOO properties
- Conforming loan amounts only - 417k maximum
- Approved/Eligible allowed for all property types
- Expanded EA1, EA2, and EA3 allowed on Primary only
- 1 loan to 100% LTV with borrower paid MI
- Can do Combo with URL 2nd to 95% CLTV
*** Certain states/counties have 5% LTV reductions
URL Prime (Agency DO/DU and Agency Alt A) - SIVA:
- Approved/Eligible DU Findings Only
- 24 month Employment and Assets required on 1003
- 60 day minimum seasoning verification on assets
- 12 month 0x30 Mortgage history required, No FTHB allowed
- Programs for Primary, 2nd Home, and NOO properties
- 2-3 months reserved required for Primary and 2nd Homes
- 6 months reserves required on NOO for ALL properties
- Purchase and R/T on Primary to 90% with 660 mid
- Purchase and R/T on NOO to 90% with 700 mid
- Cash Out on Primary to 90% with 680 mid
- Cash Out on 2nd Home and NOO to 75% with 680 mid
*** Certain high risk states have 5% LTV reduction
URL Prime (Agency DO/DU and Agency Alt A) - SISA:
- Approved/Eligible DU Findings Only
- 24 month Employment/Income and Housing required on 1003
- 12 month 0x30 Mortgage/Rental history required,
- Programs for Primary, 2nd Home, and NOO properties
- 2-3 months reserved required for Primary and 2nd Homes
- 6 months reserves required on NOO for ALL properties
- Purchase and R/T on Primary to 90% with 680 mid
- Purchase and R/T on NOO to 75% with 680 mid
* Agency Alt A allows Purch and R/T on NOO to 90% with 720
- Cash Out on Primary and 2nd Home to 75% with 680 mid
* Agency Alt A allows C/O to 90% with 700 mid on Primary
- Cash Out on NOO not allowed on Agency Prime SISA
* Agency Alt A allows C/O to 90% with 720 on NOO
*** Certain high risk states have 5% LTV reduction
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