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STATED INCOME MORTGAGE LOAN PROGRAM

February 3, 2012

PROGRAM # 1 – Stated Income, Verified Asset:
700 Minimum Mid FICO
200k Minimum Loan Amount
Self Employed and Wage Earner
Purchase / Refinance – 70% TO $417K
Purchase / Refinance – 60% TO $1MM
50% LTV Refinance Cash Out Allowed to $100k
Owner Occupied Only
1-4 Units / Condo
30 Year Fixed – 5.25%
15 Year Fixed – 4.45%
6 Mos. of PITI Reserves on all REO is required
UP TO $100K CASH-OUT – ADD 0.75%
Gift Allowed – Borrower must have 10% of their own funds
For Properties in California only.

PROGRAM # 2 – Stated Income, Verified Asset:

Self Employed Only and Wage Earners
740 Minimum Mid FICO
Owner Occupied / Second Home / Investment Properties
SFR – PUD – Condo – Multifamily -2 UNITS ONLY
$200,000 – $1,500,000
Max LTV 60%
5/1 Arm 5.375
7/1 Arm 5.625%
15Yr Fixed 4.25%
4 Max Financed Properties
3 Months PITI Reserves on all REO Owned
For Properties in California only! – Excluding Kern, Riverside,and San Bernardino Counties.

General Guidelines

No Fixed Income Allowed

$650k up to $1M apply 0.125 hit to rate
>$1M apply 0.250 to rate
Investment property add 0.500 to rate
Cash-out add 0.250 to rate
3-4 Units add 0.250 to rate

35 – 45 Days Closing

FOR PRE-APPROVAL :

http://pmcmortgageloans.com/mortgage_application.php

First, Complete out a loan application on our website -Go tohttp://www.pmcmortgageloans.com
-Click on Apply Now at the top
-Scroll to the middle of the page and Click on 3. FullApplication

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