Mexico Loan Product. Purchases Only.
| Property Types | Product Parameters |
|---|
| Primary Residence and 2nd Homes | 680 Fico, 70% LTV, Max loan $1,500,000* |
| Loan Program | Rate Caps | Documentation Type |
|---|
Fixed Rate Arm Mortgage - Fixed for 3 or 5 years, then converts into a 6 month adjustable
- 30 year term
- Index: 6 month Libor
- Margin: 4.500-5.250%
| | - Full Doc (Salaried): Two years tax returns or W2s with current pay stub
- Full Doc (Self Employed): Two years tax returns or business tax returns
- Alternate Doc: 24 months bank statements
- Stated Income/Verified Assets: Available to well-qualified borrowers
|
*Some exceptions may be considered for Max LTV and Max Loan Amount
|
