JUMBO LOANS
-Financing up to $900k!
-No Add to Rate for loans up to $600k ($600k-$750k = add only 10 bps, $750k-$900k = add only 30 bps)
-Jumbo Pricing as LOW as 3.95% on 1 yr ARM
-Jumbo 3/1 Interest Only ARM from 5.30%
-Jumbo 7/1 from 5.75%

-Jumbo 30 yr fixed from 6.60%

-720 credit score

-70% LTV (add only .05% to rate at 75% LTV)
-Cash out ~ No add to rate or fee!
-1 day off MLS, OK

-Interest Only available on the 5/1 and 3/1 Arm
-No Minimum Reserve Requirements
-Impounds NOT Required~No Add to Rate or Fee!

I also have a lender that dropped their Residential Construction Program last March and recently brought it back. They are fast, simple, and solid !! Here are their lending details:

CONSTRUCTION LOANS
-Residential Construction – not permanent

-STATED INCOME - STATED ASSET Only !!

-Acceptable for Owner/Builder, Contractor/Built, & Non Owner !!

-700 credit score = 5.99% @ 70% LTV & LTC

-740 credit score = 4.99% @ 70% LTV & 75% LTC

-780 credit score = 3.99% @ 70% LTV & 80% LTC

-Fee: 2.5% - 3%

-Term: 6 months



Non-Owner (need a business plan)

-700 credit score = 6.99% @ 60% LTV & 70% LTC

-740 credit score = 5.99% @ 60% LTV & 70% LTC

-780 credit score = 4.99% @ 60% LTV & 75% LTC

-Fee: 3.5% - 4%

-Term: 9 months



-Loan Limits to $400,000 (loans over $400,000 to $600,000 require exception)

-5 years seasoning on all BK’s

-IO payments based on gross loan amount

-No Land payoff, subordination not allowed

-1% for construction completion loans

-Need to show an exit strategy for the take-out or permanent financing.


Call me any time if you have questions.

Etta Foote
Sr. Loan Officer
Specializing in FHA, Conventional, Rehab & Construction Loans
EVOFI One
702-293-0563 ho
503-551-2522 cell
702-947-7463 wo
702-952-0695 fax w/cover
website: www.evofione.com/etta.foote
email: ettaken@msn.com