Mortgage Quote by rio17490

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									                              BONDCORP MORTGAGE                                                2010 b
                                    LOAN PROGRAM MATRIX
                                                 John Londelius
                              777 South Highway 101, Suite 206, Solana Beach, CA 92075     Tel: 858-759-7770

HOW TO GET A QUOTE
On our web site www.bondcorpmortgage.com click on the tab MORTGAGE QUOTE FORM
Please fill out the form completely, typing in all the information, and click the SUBMIT tab

                             CONFORMING LOAN PROGRAMS - Max. $417,000
Finance Type   Purchase and R/T Refinances                 Maximum DTI 45% - 50% with exception
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score

   1-Unit                     620<80%CLTV                      620<80%CLTV
                  90%                               90%                                  80%        620<75%CLTV
 Properties                   720>80% CLTV                     720>80% CLTV

   2-Unit                     640<80%CLTV
 Properties
                  80%                               75%        620<75% CLTV              75%        620<75%CLTV
                              720>80% CLTV
  3-4 Unit
                  75%         640<75% CLTV           N/A             N/A           75%/75%          620<75%CLTV
 Properties

Finance Type                                       Cash Out Refinance
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score
   1-Unit                     620<80%CLTV
 Properties
                  85%                               60%        640<60%CLTV               75%        620<75%CLTV
                              720 > 80% LTV
   2-Unit
 Properties
                  75%               680              N/A             N/A                 75%        620<75%CLTV

  3-4 Unit
 Properties
                   N/A              N/A              N/A             N/A                 70%        620<70%CLTV



                    CONFORMING / JUMBO LOAN PROGRAMS - STIMULUS ACT
               AGENCY JUMBO LOANS are defined by HUD and ONLY in high cost Counties and are
                              a maximum of $729,750 - Maximum DTI 45%
Finance Type                           Purchase and Rate/Term Refinances
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score

                              660<75%CLTV
   1-Unit
 Properties
                  90%         700<80%CLTV           65%              740                 N/A              N/A
                              720>80% CLTV

Finance Type                  Cash Out Refinance             maximum cash out $100,000
Occupancy            Owner-Occupied                      Second Home                     Investment Property
   1-Unit
 Properties
                  60%               740              N/A             N/A                 N/A              N/A



                                                JUMBO LOAN PROGRAMS
                  JUMBO LOANS are defined as loans over $729,750 and up to $2,000,000                           -
                            Maximum DTI 45% to $1 mil and 35% to $2 mil
                                       Purchase and Rate/Term Refinances
Finance Type                                  SFR only- no Condos
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score

  1-2 Unit
                   75%
 Properties      Maximum            700              N/A             N/A                 N/A              N/A
                $1,000,000
  1-2 Unit
                   75%
 Properties      Maximum            720              N/A             N/A                 N/A              N/A
                $2,000,000
                                            Cash Out Refinances
Finance Type                 SFR only- no Condos - Maxiumn Cash Out $250,000
                   70%            700 to
  1-2 Unit                      $1,000,000
 Properties
                 Maximum                             N/A             N/A                 N/A              N/A
                $1,500,000        720 to
                                $1,500,000


                                                 FHA LOAN PROGRAMS
                    FHA LOANS - < $417,000 - Maximum DTI 50% WITH EXCEPTION 55%
Finance Type                           Purchase and Rate/Term Refinances
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score

   1-Unit
 Properties
                  96.5%             620              N/A             N/A                 N/A              N/A

                               JUMBO FHA LOANS -> $417,000 - Maximum DTI 43%
Occupancy            Owner-Occupied                      Second Home                     Investment Property
 Maximum         Maximum          Minimum         Maximum          Minimum          Maximum            Minimum
 LTV/CLTV        LTV/CLTV        Credit Score     LTV/CLTV        Credit Score      LTV/CLTV          Credit Score


   1-Unit
 Properties
                  96.5%             660              N/A             N/A                 N/A              N/A

								
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