Do niches really exist anymore? They do at Intercap PRODUCTS DU Refi Plus and LP Relief Refinance - Unlimited CLTV limits for 30-year Term Owner occupied, second homes and investment properties (105% CLTV). Transferred mortgage insurance eligible with some MI companies
80/10/10 Loans Avoid Mortgage Insurance. Purchase to 90% (including High Balance) Cash out to 90% on SFR and 85% Condos. 700 minimum FICO, Max combined loans $750,000 to 90, $1,000,000 to 85% CLTV
203K Loans- Full and Streamline Minimum FICO 620, maximum ratios per DU/LP Streamline- Finance up to $35,000- no structural repairs Full 203(K) - Repair costs unlimited - up to 110% of the after-improved value
1/2% DOWN FHA (NOT CHDAP) FHA guidelines - Max DTI 50%. Income restricted and available in certain counties
95% Conforming No MI Product Split level MI, traditional monthly MI, and no monthly MI products (BPMI)
Freddie Mac High Balance Loans Primary : Purchase and Rate and term to 90%, Cash out 75% Second Homes: Purchase and Rate and term to 80%, Cash out 65% Investment Properties: Purchase 80%, Rate and term 75%, Cash out 65%
HUD Repair Escrow Repair Escrow up to $5000 on approved HUD sales contracts
VA Loans to $1,500,000 No Down payment to county limits No Monthly Mortgage Insurance Jumbos over County limits require 25/75 down payment contributions
Jumbo Foreign National, Asset Depletion and Pledged Asset Portfolio Product, ARMs only
Eric L. Frazier MBA NATIONAL SALES MANAGER DIRECT: 949.600.4134 CELL: 714.361.2105 TOLL FREE: 866.644.1046, EXT. 1211 efrazier@intercaplending.com www.intercaplending.com
26880 Aliso Viejo, Suite 100, Aliso VIejo, CA 92656
www.intercaplending.com
Applicant must meet credit and income requirements. Minimum FICO score of 640 required. Certain restrictions apply and not all applicants will be approved. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act #4131105. Intercap Lending is a dba of Suburban Mortgage Company of New Mexico. NMLS #190465. Models do not reflect racial preference.