Fix and Flip

Fix and Flip Program 1
Investor 1-4          
Non-Owner Occupied SFR, Condo, 2-4 Unit          
Tier Loan To Value   Interest Rates Only   LTV
I FICO ≥ 700   8.50%   75%
II FICO 650-699   8.75%   75%
III FICO < 650   9.75%   70%
General Guidelines   Purpose   Purchase Transaction only
  Loan Amount   $75k - $2MM
  Term   1 year Interest Only
  Credit Score   No Minimum
  Prepayment Penalty   Minimum 4 months interest
  Rate Buydown   1 pt. fee= .50% rate reduction
      (Maximum 1% reduction)
  Total Fees   Max is 3% of the loan amount incuding
      non-recurring closing costs
  Lender Fees   4% + underwriting fee $999
Underwriting Guidelines   Income Verification   Simple Documentation
  Down Payment   Must be sourced
  Reserve Requirments   Proof of 3 months post closing reserves
  Appraisal Process   Contact your Account Executive to learn
      about our streamlined process and cost
  Impounds   None
  Foreign Investor(s)   50% Maximum LTV

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4419 White Plains Rd.
Bronx, New York 10470

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