Zorell's Industry Updates

Quick Reference Guidelines

Best Price – Stated Jumbo’s

Assets

10x’s Stated Income

Or 24 months of Assets – Yes, 24 Months PITI

$100k deposit into Savings/Checking/CD/IRA, etc.

·        ($100k Deposit = Premiere Banking Client)

·        Benefits: if rates drop by .50% or more, bank will modify note to present day rates

Income/Employment

Self-Employed Only

2 years minimum

45% DTI (Back-End)

Property

SFR’s, Owner Occupied & 2^nd Homes

All 50 States

Loan Amount

Max $1,500,000

Max Cash Out: $500,000

Minimum Loan Amt $418,000

LTV

60% LTV

65% on exception only

Borrower

720+ Fico

Foreign Nationals Allowed