Property Types: All income producing property types considered. No exposure to EPA concerns will be considered. Non-Income producing properties such as vacant and rehab considered.

Credit Scores: Middle of three. Exceptions considered for those borrowers whose credit reflects a responsible history of credit management. Minimum trade lines and credit depth are usually required which evidence responsible use of credit.

LTV: Base LTV of 70%, consider LTV to 85%. LTV exceptions will be earned by credit history and property details.

Terms: Usually a 20 year amortization on a base program on three year fixed (3/27 ARM) with 3-year hard Pre-Payment Penalty (3-2-1) which can be reduced for a fee to a one year Pre-Payment penalty. Fixed rates are available on a case by case basis.

Optional Programs: Vacant Land at 60%. Developable improved land in active market to borrowers with over 640 Scores. Vacant Properties considered at 65% with evidence Borrower has cash to rehabilitate and market property and service debt. Rehab

Subordinate liens: Case by Case basis, generally allowed if the deal makes sense
Cash out Limit: No limit, however we would reserve the right to require payments on credit and/or reserves.

Escrows: Generally required. Title Company escrows for repairs allowable. Loan Funds in full day 1.

Income Documentation: Generally liberal. Stated Income possible. Alternative Income documentation sometimes acceptable using bank statements and co-borrowers. We are trying to make the deal work, and still produce good loans.