Specialty Lending Rates and Programs

Transcription

1 February 6, :35:19 AM Specialty Lending s and Programs GreenBox Loans, Inc Wilshire Blvd, #1900 Phone: (800) Gbox CA BRE License# Gbox CA DBO License# 603L516 Gbox NMLS# Program 5000-ELITE-24BS & 5000-ELITE 12BS Page 2 Program BS - 90% LTV Purchase and R&T Page 3 Program BS-NP - Bank Statements w/580 FICO 12 Mos from Housing Event Page 4 Program BS-PLUS - 80% LTV Page 5 Program 5000-FN - Traditional Income Documentation From Country of Origin Page 6 Program 5000-ELITE-FD - 60 Mos From Housing Event 60 Mos From BK $2.5M Max Ln Page 7 Program 5000-NP - 24 Mos From Housing Event 24 Mos From BK $2,000,000 Max Ln Page 8 Program 5000-RH - One Day Out of Foreclosure $2,000,000 Max Loan Page 9 Program YR - One Year Tax Returns $2,000,000 Max Loan Page 10 Program 5000-INV - $2,000,000 Max Loan Amount NOO No Reserves No Ratios Page 11 Program 5000-INV-FN - Foreign National NOO No Reserves No Ratios Page 11 Program 5000-INV-DTI - Investment, 80% LTV, Rental Income to Qualify Page 12 Program 5000-ITIN - No Social Security Number Page 13 ** Please note that some products are not available on our web portal and require manual registration This rate sheet is only an indication of value. Pricing is subject to change without notice. Fees Program Type Underwriting Fee Processing Doc Fee Jumbo Full Doc A Paper $795 $295 * $200 Non-QM / Specialty / Non Prime $1,295 $295 $200 * On loans with contract processing PrePay Penalty Prepayment Penalty not allowed for individual borrowers but allowed for corporations and LLC's in IA, IL and NJ Prepayment Penalty not allowed in the states of KS, MD, MI, MN, MS, ND, NM, OH, PA and RI If subject property is located in one of these states, contact Lockdesk@greenboxloans.com for pricing Market Data Contact Details Pricing and Registration: lockdesk@greenboxloans.com Prime 4.250% Scenario and Underwriting: scenario@greenboxloans.com 1 yr Treasury 1.850% Wholesale Support Desk: wholesalesupport@greenboxloans.com 1 yr LIBOR 2.293% 1 mo LIBOR 1.789% Page 1 of 13

2 2/6/2018 8:35 AM ** 12 & 24 MONTH BANK STATEMENTS ELITE ** 5000-BS-ELITE $2,500,000 MAXIMUM LOAN AMOUNT UP TO 70% LTV BS-ELITE & BS-ELITE (0.500) - Correspondent - Improve Pricing by 0.50 Points (0.250) Max Rebate 5/1 Arm 7/1 Arm Floor Margin 5000-BS-ELITE (0.500) 2/2/5 5/2/5 Start <= LTV => Month Bank Statement Ln Amt > 1,500, Purpose Cash Out / Debt Consolidation Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo State Non-CA State (0.125) (0.125) (0.125) Amortization 7/ Year Fixed Interest Only DTI > 43% Page 2 of 13

3 BS MONTH BANK STATEMENTS 90% LTV PURCHASE & R/T UP TO $1,000, BS - Investment properties must have 2 year prepay - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 5/1 Arm 7/1 Arm Floor Margin BS (0.500) 2/2/5 5/2/5 Start /6/2018 8:35 AM <= Credit Score > = 740 (0.375) (0.125) (0.250) (0.125) (0.125) Loan Amt < $250, > $750,000 (0.125) (0.125) (0.125) (0.125) > $1,000,000 (0.125) (0.125) (0.125) > $1,500, Purpose Cash Out Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo Units Amort Type Interest Only /1 ARM Year Fixed DTI > 43% Housing Event Seasoning < 24 Months Prepay Penalty No Prepay 1.0 pts 1.0 pts 1.0 pts 1.0 pts 1.0 pts (NOO Only) 1 Year Prepay Year Prepay (0.250) (0.250) (0.250) (0.250) (0.250) Page 3 of 13

4 - Investment properties must 2 year prepay BANK STATEMENTS W/ 580 FICO 12 MONTHS FROM HOUSING EVENT BS-NP BS-NP MONTH BANK STATEMENTS - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 5/1 Arm 7/1 Arm Floor Margin BS-NP (0.500) 2/2/5 5/2/5 Start /6/2018 8:35 AM <= Credit Score > = 700 (0.375) (0.125) (0.250) (0.125) (0.125) Loan Amt > $750,000 (0.125) (0.125) (0.125) (0.125) (0.125) > $1,000,000 (0.125) (0.125) (0.125) > $1,500, Purpose Cash Out Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo Units Amort Type 7/1 ARM Year Fixed DTI > 43% Prepay Penalty No Prepay 1.0 pts 1.0 pts 1.0 pts (NOO Only) 1 Year Prepay Year Prepay (0.250) (0.250) (0.250) Page 4 of 13

5 BS PLUS 12 MONTH BANK STATEMENTS PLUS $2,500,000 MAXIMUM LOAN AMOUNT UP TO 75% LTV BS PLUS 2/6/2018 8:35 AM Max Rebate 5/1 Arm 7/1 Arm Floor Margin BS PLUS /2/5 5/2/5 Margin <= Credit Score > = Loan Amt < $150,000 < $250, >= $250,000 <= $600, > $600,000 <= $1,000, > $1,000,000 <= $1,500, > $1,500, Purpose Cash Out Occ Type Second Home Prop Type Condo Units Amort Type Interest Only (ARMs Only) /1 ARM Year Fixed DTI > 43% Use of Business Bank Statements / Co-mingled (for business & personal use): 5% Reduction to LTV; 75% Max LTV Page 5 of 13

6 - Investment properties have 2 year prepay TRADITONAL INCOME DOCUMENTATION FROM COUNTRY OF ORIGIN 5000-FN 5000-FN - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing FOREIGN NATIONAL LOAN Max Rebate 5/1 Arm 7/1 Arm Floor Margin 5000-FN /2/5 5/2/5 Start /6/2018 8:35 AM <= Loan Amt > $1,000, Purpose Cash Out Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo Units Amort Type Interest Only /1 ARM Year Fixed Prepay Penalty No Prepay 1.0 pts 1.0 pts 1.0 pts (NOO Only) 1 Year Prepay Year Prepay (0.250) (0.250) (0.250) Page 6 of 13

7 - Full Doc Only ELITE - FULL DOC 60 MOS FROM HOUSING EVENT 60 MOS FROM BANRUPTCY $2,500,000 MAX LOAN 5000-ELITE-FD 5000-ELITE-FD 2/6/2018 8:35 AM (0.500) (0.250) Max Rebate 5/1 Arm 7/1 Arm Floor Margin 5000-ELITE-FD (0.500) 2/2/5 5/2/5 Start <= LTV => 760 (0.125) Ln Amt > 1,500, Purpose Cash Out / Debt Consolidation Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo State Non-CA State (0.125) (0.125) (0.125) (0.125) (0.125) (0.125) Amortization 7/ Year Fixed Interest Only DTI > 43% Page 7 of 13

8 - Investment properties have 2 year prepay 24 MOS FROM HOUSING EVENT 24 MOS FROM BANRUPTCY $2,000,000 MAX LOAN 5000-NP 5000-NP NON-PRIME FULL DOC - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 5/1 Arm 7/1 Arm Floor Margin 5000-NP (0.500) 2/2/5 5/2/5 Start /6/2018 8:35 AM <= Credit Score > = 720 (0.250) (0.125) (0.125) Loan Amt > $750,000 (0.125) (0.125) (0.125) (0.125) > $1,000,000 < $1,500,000 (0.125) (0.125) (0.125) > = $1,500, Purpose Cash Out Occ Type Second Home Investment Prop Type Condo Non-Warrantable Condo Units Amort Type 7/1 ARM Year Fixed Interest Only Delinq Adj >1x30x Trade Lines Limited DTI > 43% Prepay Penalty No Prepay 1.0 pts 1.0 pts 1.0 pts 1.0 pts 1.0 pts (NOO Only) 1 Year Prepay Year Prepay (0.250) (0.250) (0.250) (0.250) (0.250) Page 8 of 13

9 ONE DAY OUT OF FORECLOSURE $2,000,000 MAX LOAN 5000-RH 5000-RH NON-PRIME - RECENT HOUSING - FULL DOC Investment properties have 2 year prepay - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 5/1 Arm 7/1 Arm Floor Margin 5000-RH (0.500) 2/2/5 5/2/5 Start <= Credit Score > = 720 (0.375) (0.125) (0.375) (0.125) (0.250) Loan Amt > $750,000 (0.125) (0.125) (0.125) (0.125) > $1,000,000 < $1,500,000 (0.125) (0.125) (0.125) > = $1,500, Purpose Cash Out Occ Type Second Home Investment => Investment < Prop Type Condo Non-Warrantable Condo Units Amort Type 7/1 ARM Year Fixed Trade Lines Limited DTI > 43% Prepay Penalty No Prepay 1.0 pts 1.0 pts 1.0 pts 1.0 pts 1.0 pts (NOO Only) 1 Year Prepay /6/2018 8:35 AM 3 Year Prepay (0.250) (0.250) (0.250) (0.250) (0.250) Page 9 of 13

10 5000-1YR 1 YEAR TAX RETURNS 85% LTV PURCHASE $2,000,000 MAX LOAN YR 2/6/2018 8:35 AM (0.500) (0.250) Max Rebate 5/1 Arm 7/1 Arm Floor Margin YR (0.500) 2/2/5 5/2/5 Start <= LTV => 720 (0.375) (0.250) (0.125) (0.250) (0.125) (0.250) (0.125) Ln Amt > 1,500, Purpose Cash Out Occ Type Second Home Non Owner Prop Type Condo Non-Warrantable Condo Amortization 7/ Year Fixed Interest Only DTI > 43% * Purchase Only Page 10 of 13

11 INVESTMENT EXPRESS - Investment properties have 3 year prepay $2,000,000 MAX LOAN AMOUNT NON-OWNER OCCUPIED NO RESERVES NO RATIOS 5000-INV-PP & 5000-INV-FN-PP 5000-INV-PP 5000-INV-FN-PP 3/1 LIBOR ARM - If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 3/1 Arm 5/1 Arm 7/1 Arm Floor Margin 5000-INV-PP /2/6 2/2/6 5/2/5 Start /6/2018 8:35 AM <= Credit Score > = 740 (0.750) (0.500) (0.500) (0.375) (Does not apply to (0.625) (0.500) (0.375) (0.250) Foreign Nationals) (0.375) (0.250) (0.250) (0.250) (0.125) Loan Amt > = $1,500, Purpose & Term Cash Out Prop Type Non Warrantable Condo Prepay Penalty No PrePay 1.25 pts 1.25 pts 1.25 pts 1.25 pts 1.25 pts 1 Yr PrePay Yr Prepay Amort Type Interest Only /1 ARM /1 ARM Year Fixed Foreign National Page 11 of 13

12 INVESTMENT EXPRESS - Investment properties have 3 year prepay $2,000,000 MAX LN AMT NON-OWNER OCCUPIED QUALIFY ON RENTAL INCOME 5000-INV-DTI-PP 5000-INV-DTI-PP 3/1 LIBOR ARM If subj. property is in a state that prohibits Pre-Payment, contact lock desk for pricing Max Rebate 3/1 Arm 5/1 Arm 7/1 Arm Floor Margin 5000-INV-DTI-PP /2/6 2/2/6 5/2/5 Start /6/2018 8:35 AM <= Credit Score > = 720 (0.625) (0.500) (0.375) (0.250) (0.375) (0.250) (0.250) (0.250) (0.125) Loan Amt => $1,500, Purpose Cash Out Prop Type Non Warrantable Condo Units Prepay Penalty No PrePay 1.25 pts 1.25 pts 1.25 pts 1.25 pts 1.25 pts 1.25 pts 1 Yr PrePay Yr Prepay Amort Type Interest Only /1 ARM /1 ARM Year Fixed Page 12 of 13

13 ITIN - No Social Security Number - ARMs are Not Available - Borrower Paid Compensation Only Max Rebate 5000-ITIN % LTV PURCHASE / RATE & TERM REFINANCES UP TO $600, ITIN 5000-ITIN 30 Year Fixed /6/2018 8:35 AM <= LTV State CT, DE, FL, IL, LA, NJ, OK,PA DTI > 43% Page 13 of 13