Stated Income Primary Home Loans
KEY LOAN HIGHLIGHTS Primary Residence & Second Homes only $150,000 TO $3 Million Loan Amount (not purchase price) Min Credit Middle Score 640 Max 80% LTV (Max LTV is the same for 640 FICOs and up) for Primary and Second Home Purchases and Rate/Term Refinance with rates in the 5’s Max 75% LTV (Max LTV is the same for 640 FICOs and up) for Primary and Second Home Cash- Out Refinance 30yr fixed with Interest only ARM available No Pre-Payment Penalty / No Mortgage Insurance Gift Funds Allowed / Seller Concessions up to 6% Mortgage Credit Events o Foreclosure Seasoning - 12 months from removal of name on deed o Short Sale / Deed in Lieu Seasoning - 12 Months out o Bankruptcy Seasoning - Settled/Discharged Reserves are based on your credit score for both purchases and refinancing o 740++ Fico / 3 months reserves o 700 Fico / 9 months reserves o 680 Fico / 12 months reserves o 640 Fico / 18 months reserves Property Eligibility Primary Residences Second Homes Must be occupied by the borrower some portion of the year Must be located a reasonable distance from the borrowers Current residence Restricted to one-unit dwellings The borrower must have exclusive control over the property Must not be a rental property or a timeshare agreement Condominiums Fannie Mae warrantable up to max LTV per eligibility grid Non-Warrantable up to 65% max LTV Mixed-Use Properties The property must be a 1-unit dwelling the borrower occupies as a primary residence The borrower must be both the owner and operator of the business The property must be primarily residential in nature The dwelling may not be modified in a manner that has an adverse impact on its marketability Ineligible Properties: Any property that is Zoned Commercial, Investment Properties, Condotels, Co-ops, Manufactured / Mobile Homes, Working farms, ranches, orchards, Acreage limited to 40 acres


Primary and Second Home Loans for purchases and refinancing
1. 80% LTV for Primary and Second Home Purchases and Rate/Term Refinancing 2. 75% LTV for Primary and Second Home Cash-Out Refinance
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* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that any loan we be approved. Licensed in Florida Only © 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I

Meet The New Stated Mortgage Loan

Florida’s Top Rated DIRECT Lender I 48 Programs

1st Florida Lending

800-655-1345 I CALL us 407-300-2558

Aside from the Military outreach programs that we proudly support.  CLICK HERE FOR A  RATE QUOTE   OBTAIN PRE-APPROVAL LETTER TODAY Its Easy! Fast! and No Obligations

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State of Florida, offering over 48 loans programs

including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement

Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank

Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA

and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407)

300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial

Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.

Fast Approvals Streamlined Underwriting Pre-Approval in 24 Hours Close in as little as 30 days Easy Process No Income Verification No Tax Returns Needed No DTI limits Reliable Partner 25+ Years of Experience We are Direct Lenders Not Retail Brokers
No Mortgage Drama … No Red Tape… No Endless Loop Request
Rates start in the 5’s for both Purchases and Refinance

Stated Income Loans for owner occupied primary and second home purchases

has been replaced by the STATED MORTGAGE LOAN which is ideal for

borrowers unable to qualify in the sample scenarios listed below

High DTI (debt-to-income) ratios Volatile or Irregular Employment Retiree’s on fixed incomes Owners of Cash Businesses Change of Industry or Type of Employment Transitioning from W-2 to Self-employed under 1 year Online Retailers using difference online payment systems

THE STATED MORTGAGE LOAN is a trademark owned by 1st Florida Lending Corp. . The Stated

Mortgage Loan is a fully accredited, non-conforming loan providing non-traditional access to prime

mortgage capital to the undeserved borrowers not meeting all of the regulatory guidelines.