| LOAN PRODUCT NAME | LTV | VALUATION PROCEDURE | MINIMUM DOWN PAYMENT | INTEREST RATE | REPAIR ESCROW REQUIRED | TERM | DESCRIPTION/ REQUIREMENTS |
|---|---|---|---|---|---|---|---|
| Best Deal in Town | 50% | As-Is | 30%-50% | 7.99% | No | 15 Yr ARM, Floating WSJ | Purchase Products Only |
| Standard Down Payment | 60% | As-Is | 20%-40% | 8.99% | No | 15 Yr ARM, Floating WSJ | Also Available in Refinance Products |
| Low Down Payment | 70% | As-Is | 10%-30% | 9.99% | No | 15 Yr ARM, Floating WSJ | Also Available in Refinance Products |
| LOAN PRODUCT NAME | LTV | VALUATION PROCEDURE | MINIMUM DOWN PAYMENT | INTEREST RATE | REPAIR ESCROW REQUIRED | TERM | DESCRIPTION/ REQUIREMENTS |
|---|---|---|---|---|---|---|---|
| Zero Down | 60% | As-If | 0%-40% | 10.99% | Yes | 20 Yr ARM, Floating WSJ | Also Available in Refinance Products |
| Zero Down | 70% | As-If | 0%-30% | 11.99% | Yes | 20 Yr ARM, Floating WSJ | Also Available in Refinance Products |
| Zero Down Interest Only | 60% | As-If | 0%-40% | 11.99% | Yes | 6 Months Interest Only | Converts to 30 Yr ARM at 13% |
| Zero Down Interest Only | 65% | As-If | 0%-35% | 12.99% | Yes | 6 Months Interest Only | Converts to 30 Yr ARM at 13% |
| Summus | 70% | As-If | 0%-30% | 10.99% | Yes | 20 Yr ARM, Floating WSJ | Summus Agents Only |
| Summus Flips | 60% | As-If | 20%-40% | 11.99% | No | 20 Yr ARM, Floating WSJ | Summus Preferred Investors Only |