Alt-A Level 2 Loan Features

• Jumbos with flexibility! Broader Criteria. Piggyback 2nds
• 1-4 Units; Some Derogatory Credit Items Ok.
• "No MI" Pricing Available for LTV > 80%
• Purch, R/T, EXP R/T, DC, Cash Out; 5, 10 year Interest Only
• Full Doc
  • 1st Loans up to $4.0M for O/O, SH and N/O/O (LTV/CLTV = 70/80)
  • DTI ≤ 50%; Credit Score ≥ 600
  • 100% CLTV Loans up to $1.0M (O/O, SH, N/O/O; FICO ≥ 620
• Stated Doc, Stated Income/Stated Assets, No Ratio
  • 1st Loans up to $4.0M for O/O, SH, N/O/O (LTV/CLTV = 65/80)
  • 100% CLTV Loans up to 1.0M (O/O,SH, N/O/O; FICO ≥ 620
  • DTI ≤ 50%; Credit Sore ≥ 620
• No Doc; LTV/CLTV up to 80/100; FICO ≥ 620 (≥ 660 for N/O/O)
  • 1st Loans up to $2.0M (O/O; LTV/CLTV = 65/80; FICO ≥ 620)
  • 1st Loans up to $1.0M (SH, N/O/O; LTV/CLTV = 60/80; FICO ≥ 620
• Seconds up to $400K, All Doc't Types (DTI ≤ 50%)

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