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 Search for: No MI program with Greystone Financial.
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Travis Du Bois

588 Posts
Posted - 05/15/2008 :  12:05:27 PM
New MI Buster program has been released!*
Full doc conforming loan amounts only. Min 700 FICO required for all products.

For Purchase and rate term refi on O/O:
Up to 95%LTV** for single units
Up to 95%LTV** for 2 units


For purchase and Rate-Term refi of 2nd homes:
Up to 90% for single units


For O/O and 2nd homes:
<= 90%LTV max DTI is 50% and NO PITI required

Maximum Interested Party Contributions:
O/O & 2nd homes >90%LTV = 3%
O/O & 2nd homes <=90%LTV = 6%

*The Agency MI Buster program is not permitted for properties located in the State of Hawaii or the Florida Counties of Miami-Dade and Broward.
** Maximum LTV is 90% for condominiums on the MI Buster product
NO DECLINING MARKET LTV REDUCTION

Call me or e-mail for pricing and more details!
I look forwards to your business.
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