AUS-Some Products
This AUS system is used for Freddie Mac Loan programs
What is " LPA "
This Doctor program is offered in 17 states and allows 100% financing with NO MI
What is: The Huntington Doctor Program
This government program only requires a 3.5% downpayment which can all come from a gift.
What is "FHA"
This jumbo program offers 95% on loan amounts up to $1.15M
What is " The WSB Portfolio 5/6, 7/6 and 10/6 ARMs
This program, designed for Medical Doctors and Dentists and offers 97% financing on loan amounts up to $975K with MI or you can choose a 90% LTV option with NO MI
What is the " WSB Doctor Loan" "
This Automated Underwriting system is used for USDA loans
What is " GUS "
This popular Freddie Mac Affordable Lending product allows 97% financing and only 25% Mortgage Insurance Coverage
What is " Freddie Mac Home Possible "
This government program allows 97.75% financing on Rate/Term Refinance AND can be used to pay off a non purchase money second lien.
What is "FHA"
This jumbo program allows 100% financing on loan amounts up to $975K AND you can finance a Single Premium MI into the loan up to 103%.
What is "The Wealth Building program"
Which Correspondent FHA lender are we using for the FHA203K program (non brokered)
Who is "Plaza FHA 203K "
True or False: Chase allows the use of both LPA and DU on their Conventional Conforming programs-
What is " True"
This newly released program offers 99% financing for our HEROES and first responders which include
Certified Teachers (grades K-12), Firefighters, Police Officers, Emergency Medical Technicians (EMTs) and Paramedics.
What is " WSB Community Heroes 5/6, 7/6 and 10/6 ARMs
These government programs offers both Singlewide and Doublewide Manufactured Homes.
What is "Waterstone FHA and Waterstone VA"
The jumbo lender offers 89.99% financing on loan amounts up to $1.5M with a 720 FICO and there is NO MI
What is - Bayview Jumbo AUS and Redwood Select 90 QM
True or False: The WSB Portfolio Single Loan Construction loan will allow a jumbo loan amount up to $1.15M with only 5% down and will also allow a Tear Down! .
What is "True"
Freddie Mac's underwriting system known as "LPA" is an abbreviation for what?
What is "Loan Product Advisor"
This program offers 100% financing for Accountants (CPAs), Chartered Financial Analysts (CFAs), professionals that hold a PhD, Architects, Certified Mortgage Bankers (CMBs) and Actuaries
What is " WSB Community Experts 5/6, 7/6 and 10/6 ARM
The government program offers a 100% LTV with a 620 FICO score and only charges a 1% UpFront Guarantee Fee
What is USDA
These jumbo lenders will finance a borrower that has a FICO score as low as 661 with 20% down and even allow Non Warrantable Condos and Condotels. .
What is " Bayview and Redwood"
This conforming conventional program has a waiting period of only 4 years on a Foreclosure or Short Sale and even allows jumbo loan amounts.
What is " The WSB Portfolio 5/6, 7/6 and 10/6 ARMS"
What is the AUS system used on the popular Wealth Building program?
What is - none. The Wealth Building program is a manual underwrite.
This conventional conforming and Jumbo program offers 97% financing and does NOT require the borrower be a First Time Homebuyer.
What is "the WSB Portfolio 7/1 and 5/1 ARMs"
This government program allows a FICO score as low as 580 and you don't need to use a broker.
What is "The Waterstone FHA"
This jumbo lender has an Asset Depletion program that allows you to calculate an income stream over 120 months. Borrower does not need to be of retirement age but can only use NON Retirement Assets at 70%.
If borrower is retirement age, can use Retirement Assets at 60% and Non Retirement Assets at 70%.
Conforming loan amounts also allowed!
Who is " WSB Portfolio 5/6, 7/6 and 10/6 ARMS
This conventional program allows a purchase of a second / vacation home without a heat source (a/k/a Three season cabin )
What is the "Waterstone Freddie"
Allows 80% financing on a Three Season Cabin on Second Homes without a Heat Source.