● 6.0 % 30 Year Fixed Fully-Amortizing

 

● 75% Max LTV for Purchase / Rate & Term

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● 65% Max LTV for Cash-Out

 

● 1.15x Minimum DSCR 

 

● $100k Minimum UPB 

 

● $2mm Maximum UPB 

 

● 5 Year Pre-Pay (5/4/3/2/1)

 

● 3 Year Pre-Pay for .25% reduction to YSP 

 

● No VOM or Property Mgt. Questionnaire Required