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Scenario Desk Executive: Tony Lara – acalise@mutualmtg.com Direct: 954-638-0047
Borrowers Name
Property Address
Loan Type
Choose an ItemPurchaseRate & TermCash Out
Purchase Price or Estimated Value: $
Purchase/Refinance Loan Amount: $
Loan To Value
Choose an Item90.01 to 95%85.01 to 90%80.01 to 85%75.01 to 80%70.01 to 75%65.01 to 70%60.01 to 65%55.01 to 60%50.01 to 55%Below 50%
BK/SS/DIL/Foreclosure Seasoning:
Choose an Item0-301-300-600-120Recent Housing Event
12 Month Housing History:
Choose an Item60 Months+/No Event48-59 Months36-47 Months24-35 Months12-23 MonthsLess Than 12 Months
FICO of Primary Wage Earner:
Choose an Item760+740-759720-739700-719680-699660-679640-659620-639600-619580-599560-579540-559500-539No Score
First Time Investor:
Choose an ItemYesNo
First Time Home Buyer:
Limited Trade-lines:
3 tradelines reporting for 12+ months, w/activity in last 12 months OR 2 tradelines reporting for 24+ months w/activity in last 12 months. Same applies to Foreign Nationals or Non-Perm.
Occupancy Type:
Choose an ItemPrimarySecond HomeInvestment
Property Type:
Choose an ItemSFRCondoPUDTownhouse2-4 UnitNon-Warrantable Condo
Income Document Type:
Choose an ItemFull Doc12M Business Bank Statements24M Business Bank Statements12M Personal Bank Statements12M Personal Bank Statements1Year Alt (W2, 1099, Tax Returns)No Income
Tax Returns require all pages, all schedules. Bank Statements require complete 12 or 24 months. (Business requires borrower prepared P&L or CPA expense ratio letter)
Loan Terms:
Choose an Item30Yr Fixed3/1ARM5/1ARM7/1ARM5/1 Interest Only7/1 Interest Only
Prepay Penalty: (Investment Program Only)
Choose an ItemNone1-Year2-Year3-Year
Citizenship:
Choose an ItemU.S. CitizenNon-Perm - U.S. CreditNon-Perm - Foreign CreditForeign National
IMPORTANT
Borrower Contribution on Purchase are 5% of their own funds (10% for Jumbos, No Housing History or Limited Tradelines). Gift funds are allowed from relatives, not allowed on Investments. Reserves are required on all loans except Investor Advantage (Gift Funds and Cash-Out can be used for Reserves). Cash-Out Refinance - if property was listed within last 6 month, LTV reduced by 10%. Bank Statements not allowed on Foreign Nationals.
Additional Notes about the Loan:
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