[Cameron]

Hello Everyone,

Some exciting news!!!!

NEW**** OUR GAP BRIDGE PRODUCT WILL BE ALLOWING 5-25 UNITS!

I will provide more info on Monday when it launches!

COMING NEXT WEEK!

[Cameron]

Hello James,

back in 2021-2022 we had theNADA 100% FHA program allowing 1-4 units.

Unfortunately with the market we brought that down to 2 units-

Minimum fico is 680+

if you have a questions please let me know

thanks

[Cameron]

Hey Gus,

Here is some info for ya!

A stand alone or piggyback equity second that allows homeowners to access the equity in their homes without losing their low interest rate firsts.

theSECOND

• Loan Amounts up to $550k
• FICOs starting at 660
• O/O Full Doc max 80% CLTV
• O/O Bank Statements max 80% CLTV
• N/O/O Full Doc max up to 80% CLTV
• N/O/O Bank Statement max up to 75% CLTV
• Max DTI up to 50%
• O/O: Use original appraisal within 12 months and Appraisal Review or New appraisal with AVM is required
• N/O: Use original appraisal within 12 months and Appraisal Review or New 2055 appraisal and appraisal review
• Combined Liens up to $2.5MM
• No Assets required
• Now Allowing 1st lien to have I/O features (Max DTI 45%)

theSECOND+

• Approved in more states
• MAX LTV is 85%-90% with 740+ fico on O/O properties.
• Maximum loan amount up to $500K
• Minimum loan amount to $75K
• No cap on combined loan amounts
• Cash Out up to $500K
• Minimum FICO lowered to 680
• 2^nd homes allowed to 80%
• Investment transactions allowed to 75%
• Maximum DTI increased to 50% for LTVs ≤ 80%
• AVMs now allowed for loan amounts ≤ $250K

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[Cameron]

Hey Gus,

We would need 12 month seasoning from most recent late – We do not allow 120 day lates for NON-QM

thanks!

[Cameron]

Hey Gus,

We need 12 months seasoning minimum for all BK’s.

This guideline is new as we used to allow no seasoning with LTV drop-

When the market gets better so will our guidelines on this specifically ~ So maybe next year.

[Cameron]

Hey Gus,

Scratch that – its actually 80%

80% is the Max For out 2nds if you need it for a piggy back, & even with seller carry seconds, we still would need the borrower to put down 80% of their own funds because MAX CLTV is 80%.

so no surpassing that

thanks

[Cameron]

Hey Gus,

90% is the Max For out 2nds, & even with seller carry seconds, we still would need the borrower to put down 10% of their own funds because MAX CLTV is 90%.

so no surpassing that

thanks

[Cameron]

Our MAX CLTV is 90% on our 2nds & Max total Lien requirement is maxed at $2.5 Million. So that will cause an issue too.

[Cameron]

Morning Bentley!

Wanna know what i really think? …. who cares about rates.

From A Lender’s POV it has been slower, but were growing and hiring new AE’s everyday & were not stopping here at theLender, but alot of other lenders are struggling and its unfortunate.

The real estate market will always be there, & there is plenty of fish in the sea, if you know how to catch them.

Regarding pricing, yes rates are at a 27 year all time high, but during our company’s quarterly meeting they mentioned that We could be looking at Q2 – Q3 next year for pricing to start to reduce.

This is what the big wall street investors are saying could be possible, but you know just as much as i do, that nobody really knows.

We have been going through these rate hikes for 2-2.5 years already & nobody can be certain.

We can be at the Halfway show of the super bowl of this volatility or we can be in the Q4 Finals & could be almost at the finish line.

That being said millionaires will be made at one point and this is the time to grind your heart away & get that paper until youre in Cabo San Lucas Again chilling with a nice Pina Colada.

Market share Grow your business & find your niche that allows you to succeed in any market & You will be successful now & even more in the years to come.

That is my mentality and has worked efficiently.

* Dont forget Holidays are coming as well, so naturally we might see a decrease as brokers & borrowers are focusing more on family time & slow season is coming, but again, Billions of people in America, all in different situations & the Market is there if you know how to get it *