nations trust mortgage company of south florida
TRANSCRIPT
www.NationsTrustMortgage.netMortgage Program Guide
Overview
NationsTrust Mortgage currently offers unique programs that allow you to do more…
Foreign National Loans
Reduced Income Documentation Loans
Super Jumbo Loans Financing
Condo-Hotel Financing
Non-Warrantable Condo Financing
Warrantable Condo Financing
No Income Documentation Loans
Features and Benefits
Provides access to most desirable products
Provides access to over 200 Investors at glance
Provides financing that others can’t
Provides fast responds
Guaranteed Customer satisfaction
Guaranteed Closings
Programs
Foreign National Financing
Foreign National products are
offered in Miami-Dade, Broward and
Palm Beach Counties. This product is not
limited to a New constructions.
Multiple loans are allowed. Very low
rates are offered to the buyers. No
source or seasoning of funds are
required in most cases.
Property Type
•SFR•Condos•Condo-Hotels (case by case)•New Construction
Purpose
•Purchase•Rate and Term•Cash Out (Max 50% LTV)
Loan Amount
•Minimum - $100,000.00•Max - $3,000,000.00
Loan to Value
•70% on SFR and Condos•65% on New Condos must be 50% closed or Fannie Mae approved. Otherwise Max LTV 50%.
Terms•15-30 Years•3/1 ARM•5/1 ARM•7/1 ARM•15 Year Fixed
• SFR• Condos• Condo-Hotels• New ConstructionProperty
Type
• Purchase• Rate and Term• Cash Out (Max 50% LTV)
Purpose
• Minimum - $75,000.00• Max - $4,000,000.00
Loan Amount
• 70% on SFR and Condos• 65% on New Condos must be 50%
closed or Fannie Mae approved. Otherwise Max LTV 50%.Loan to
Value
• 15-30 Years• 1/1 ARM• 3/1 ARM• 5/1 ARM• 7/1 ARMTerms
Programs
Reduced Income Documentation Loans
Our Reduced Income program
allows many business owners or
subcontracted professionals such
as doctors or attorneys who
wishes to buy a dream multimillion
dollar home but unable to qualify
with their tax returns. All the
borrower needs to do is to
demonstrate an income cash flow
for at least six month minimum.
Property Type
•SFR•Condos•Condo-Hotels•New Construction•Any Residential Properties
Purpose
•Purchase•Rate and Term•Cash Out
Loan Amount
•Minimum - $200,000.00•Max – No Limits
Loan to Value
•50% in Florida•60% in New York or New Jersey
Terms•Up to 30 Years•3 Month Libor (current rate 4.5%)
• SFR• Condos• Condo-Hotels• New Construction• Any Residential Properties
Property Type
• Purchase• Rate and Term• Cash Out
Purpose
• Minimum - $200,000.00• Max – No Limits
Loan Amount
• 50% in Florida• 60% in New York or New Jersey
Loan to Value
• 30 Years• 6 Month Libor (current rate 4.5%)
Terms
Programs
No Income Documentation Loans
Our No-Income program allows many business
owners or subcontracted
professionals such as doctors , attorneys or
investors who wishes to buy a dream home but unable to qualify
with their tax returns.
This is program is provided by
privately owned fund.
Property Type
•SFR•Condos•Condo-Hotels•New Construction•Any Residential Properties
Purpose
•Purchase•Rate and Term•Cash Out
Loan Amount
•Minimum - $100,000.00•Max – case by case
Loan to Value
•60% in Florida
Terms•3 to 5 Year Balloon•Interest Only•9.99%•Usually 3 points•First 12 Month PPP
Borrower
•US Citizens•Permanent Residents•Foreign National
Credit•No Judgments•No Score•No References
Income
•None
Assets
•None
Occupancy
•Investment Properties
Programs
Super Jumbo Loans Financing
Our Super Jumbo products deliver an
extremely low rates. Borrower has
an option for Interest Only as well. Please note
that LTV are subject to adjust depending
on the loan amount. Minimum LTV is 60% across
the board.
Property Type
•SFR•Condos•New Construction (must be 51% Sold)
Purpose
•Purchase•Rate and Term•Cash Out
Loan Amount
•Minimum - $100,000.00•Max – $3,000,000.00
Loan to Value
•70% on SFR•65 on Condos•60% on New Constructions (must be 51% sold)
Terms•15-30 Years•5/1 ARM•7/1 ARM
• SFR• Condos• New Construction (must be 51%
Sold)Property Type
• Purchase• Rate and Term• Cash Out (Case by Case Basis)
Purpose
• Minimum - $500,000.00• Max – $3,000,000.00
Loan Amount
• 70% on SFR• 65 on Condos• 55% on New Constructions (must be
51% sold)Loan to Value
• 15-30 Years• 5/1 ARM• 7/1 ARM
Terms
Programs
Condo - Hotel Financing
Our Condo Hotel financing brings a
new avenue of making more sales
transactions for Domestic or International
buyers. Not any condo hotel units will qualify, each unit must have at least one bedroom and kitchen. Any
studio or efficiency are subject to
special financing that requires $400,000.00
minimum value.
Property Type
•Condos•Condo-Hotels•New Construction
Purpose
•Purchase•Rate and Term•Cash Out (Case by Case Basis max 50% LTV)
Loan Amount
•Minimum - $100,000.00•Max – Case by Case Basis
Loan to Value
•70% on existing buildings•65% on New Constructions (must be 50% closed)
Terms•15-30 Years•3/1 ARM•5/1 ARM
• Condos• Condo-Hotels• New ConstructionProperty
Type
• Purchase• Rate and Term• Cash Out (Case by Case Basis)
Purpose
• Minimum - $100,000.00• Max – Case by Case Basis
Loan Amount
• 70% on existing buildings• 65% on New Constructions (must be
50% closed)Loan to Value
• 15-30 Years• 1/1 ARM• 3/1 ARM• 5/1 ARMTerms
Programs
Non-Warrantable Condos Financing
Our Non-Warrantable
Condos Financing program is a
perfect ideal for South Florida
Condo market. No Condo
Questionnaires, No Fannie Mae
Approval, No questions asked.Buyers can now
obtain financing in condos that are not
on Fannie Mae approved list.
Very Low Rates!!!
Property Type
•Condos•New Construction (must be 51% Sold)
•No Condo Hotels
Purpose
•Purchase•Rate and Term•Cash Out
Loan Amount
•Minimum - $100,000.00•Max – $3,000,000.00
Loan to Value
•65%•60% on New Constructions (must be 51% sold)
Terms•15-30 Years•5/1 ARM•7/1 ARM
Borrower
•US Citizens•Permanent Residents•Foreign National (Non-Permanent residents who have Social Security number)
Credit•Min 660 for Employed (Primary)•Min 680 for Employed (Secondary)•Min 700 for Self-Employed
Income
•2 Years Tax Returns (1040)•Current paystubs
Assets
•Assets Verification•No Reserves•No Escrows
Occupancy
•Primary Home•Second Home•No Investment
Programs
Warrantable Condos Financing
Our Warrantable Condos Financing
program is a perfect ideal for
South Florida Condo market. Buyers can now
obtain financing in condos with high LTV up to 90%.
Standard low 30 Year Fixed Rates!!!
Property Type
•Must be on Fannie Mae list•Condos•New Construction (must be 90% sold and HOA in control)
Purpose
•Purchase•Rate and Term
Loan Amount
•Minimum - $100,000.00•Max – $417,500.00
Loan to Value
•90% for Primary Residencies•80% for Secondary Residencies•80% Investment
Terms•30 Years Fixed•3/1 ARM•5/1 ARM•7/1 ARM•10/1 ARM
• SFR• Condos• New Construction (must be 90% sold
and HOA in control)Property Type
• Purchase• Rate and Term
Purpose
• Minimum - $75,000.00• Max – $417,500.00
Loan Amount
• 75 for Primary Residencies• 70 for Secondary Residencies• No InvestmentLoan to
Value
• 30 Years Fixed• 3/1 ARM• 5/1 ARM• 7/1 ARM• 10/1 ARMTerms
Sample Forms
CPA/Income Sample Form
This is a Sample form of CPA Letter.
Please note that any CPA preparing this document must be licensed in a country of origin, a clean copy of CPA license must be provided along with
the letter.
Its very important that CPA indicated all of his or her contact information
including email address and telephone number for further
verification.
Letter must be dated, signed and sealed if applicable.
Sample Forms
Bank Reference Letter Sample Form
This is a Sample form of Bank Reference Letter.
When preparing this letter, your personal banker or person in charge
must include the following information. The date of preparation, complete account number, currency
of the account , the date account was opened (must be at least 24 month), outstanding balance and the last 2
month average balance as well.
It must contain all contact information of the person preparing
this document such as email address and telephone number for further
verification.
Letter must be dated, signed and sealed if applicable.
Contact Information
18851 NE 29th Ave, Suite 700AVENTURA, Florida 33180
Phone: 1-800-373-0812 1-305-525-0825Fax: 1-305-692-3000
e-mail: [email protected]: www.nationstrustmortgage.net
NationsTrust Mortgage is a direct lender MLBN10000621All programs are subject to change with out notice.This material is for demonstration purpose only and does not guaranty approvals.