Professional Mortgage Services

We are a full service real estate and mortgage brokerage that can help you with:

• Residential, investment, and commercial real estate
• Market trends
• The real estate buying and selling process

CONVENTIONAL LOAN PRODUCTS

ELITE

· 700+ FICO, up to 80% LTV

· Loan amounts from $200,000 up to County Loan Limits

· Eligible for primary and second homes and investment properties

· Appraisal Waivers honored

· Underwrite to AUS findings

· Includes Conventional, High Balance and ARMs

ELITE M.I.

· 640+ FICO

· Among the lowest mortgage insurance rates in the industry

· Instant M.I. saves 3-7 days on the loan process

· No overlays

· No adjustments for DTI or number of borrowers

· Starts at 640 FICO

HOMEREADY

· Purchases up to 97% including FTHB

· Refinances serviced by FNMA eligible up to 97% LTV

· Reduced Mortgage Insurance

· High Balance available

· Relaxed AMI income limits based on census tracts

· Gift funds eligible for entire down payment

· Appraisal fee credit up to $525 given at closing

HOME POSSIBLE

· Up to 97% LTV

· First time homebuyers, move-up borrowers, and retirees

· Refinances up to 97% LTV, regardless of current mortgage program

· Appraisal fee credit up to $525 given at closing

· High Balance available

HOMEONE

· Purchases up to 97% LTV

· No income restrictions

· Available in all geographic locations

· Eligible for single family homes, including townhouses and condos

· No cash-out refinances available up to 95% LTV

85% CONVENTIONAL CASH-OUT REFINANCE

· 740+ FICO

· 85% LTV Maximum

· Primary homes only

· Reduced mortgage insurance premiums

HIGH BALANCE NATIONWIDE UP TO 90% LTV

· Lender’s Mortgage Insurance Buyout is typically cheaper than LPMI with no M.I. certificate needed

· Purchases up to 90% LTV; refinances up to 80% LTV

· Min 680 FICO; Max 43% DTI

· Loan amounts from $484,351–$726,525

· Better rates, easier guidelines and faster turn times than Jumbo

· No manual underwrite — just run through DU, receive an Approve/Ineligible response, and submit to Lender

· Eligible for primary and second homes

Conforming in all material respects except for loan amount in certain markets.

ELITE HIGH BALANCE

· 700+ FICO

· Up to 80% LTV

· Loan amounts from $484,351 up to County Loan Limits

· Appraisal Waivers honored

· Underwrite to AUS findings

· Includes Conventional, High Balance and ARMs

HIGH BALANCE

· $484,351+ loan amount

· LTV's as high as 90%

· 640+ FICO

· Underwrite to AUS findings

· Available in all 50 states, both fixed and ARM loans

ADJUSTABLE RATE MORTGAGES (ARMS)

5/1, 7/1 or 10/1 low interest rate ARM.

· Provides savings with lower rate and payment options

· We quickly and easily price out your loan with Easy Qualifier (EQ) to determine our borrower’s best scenario

· Reduced caps to 2/2/5 on 5/1 ARM

· 7/1 ARMs qualify at the actual note rate

FLEX TERM

· Available on all conventional loan products

· Terms available from 8–30 years

LIMITED REVIEW CONDOS

· Available in all 50 states

· No condo questionnaire required

SINGLE PREMIUM M.I.

· Both financed and non-financed options available

· Down payment as low as 3%

· Use seller contributions to eliminate monthly M.I.

· Accommodate a low rate and payment while providing a premium credit to negate closing costs

· Empower your clients to qualify for the home of their dreams

SPLIT 50 AND SPLIT 100

· LTVs up to 95%

· Split 50 at only 50 basis points

· Split 100 is a less expensive option for your borrower than FHA loans

· Underwrite to AUS findings

  ------------------------------

FHA LOAN PRODUCTS

FHA ELITE

· 640+ FICO

· $125,000 - county loan limit

· All fixed term mortgages

· Single family primary residences

· Debt ratios accepted per AUS findings

· 3/1 and 5/1 ARMs available

FHA STREAMLINE

· 620+ FICO

· Debt ratios accepted per AUS findings

· Up to 60 days interest allowed

FHA ADJUSTABLE RAME MORTGAGES (FHA ARMS)

· 3/1 and 5/1 Treasury ARMs available

· We quickly and easily price out your loan with Easy Qualifier (EQ) to determine our borrower’s best scenario

· Qualifies at note rate

· Jumbo loans eligible

HUD REO

Lender can close your HUD REOs in as fast as two weeks from submission while allowing holdbacks up to $5,000 for escrow repairs.

-----------------------------

VA LOAN PRODUCTS

VA ELITE

· 640+ FICO

· $125,000 minimum loan limit

· Maximum loan amount can exceed county limits

· Fixed term and ARM loans eligible

· Single family primary residences

VA IRRRL

· LTVs available up to 150% with no appraisal

· No AVMs with a 680+ FICO

· No income or asset overlays

· Fast closings, often less than 20 days

VA ADJUSTABLE RATE MORTGAGES (VA ARMS)

· 3/1 and 5/1 Treasury ARMs available

· We quickly and easily price out your loan with Easy Qualifier (EQ) to determine our borrower’s best scenario

· Qualifies at note rate

· Jumbo loans eligible

------------------------------

USDA LOAN PRODUCTS

U.S. DEPARTMENT OF AGRICULTURE LOAN

Rural development loans are a great option for borrowers looking for 100% financing. Recognized as a top government lender, our Lender ensures a smooth, quick process for both your clients and referral partners. Count on us to hit contract dates on USDA purchases, with direct access to underwriting and industry leading turn times!

· 30-year fixed rate

· No down payment required

· No cash reserves needed

· Closing costs may be financed on some transactions

· Seller contributions allowed

· Elite pricing starting at 640+ FICO

-----------------------------

JUMBO LOAN PRODUCTS

JUMBO BANK BUSTER

· Available up to 80% LTV

· Even lower rates than our Jumbo Elite

· 700 minimum FICO

· Primary and second homes, purchase and refinance

· Loan amounts up to $1.5 million

JUMBO 90% LTV

· 30-year fixed

· 720+ FICO

· Up to 90% LTV

· No mortgage insurance

· Primary homes

· 43% maximum DTI

JUMBO ELITE

· Loan amounts up to $2 million

· Exclusive rate incentives for borrowers with 700+ FICO

· Eligible for primary and second homes

· ARM and fixed-rate options available

· Same-day closings with UClose

JUMBO

· Eligible for primary, secondary and investment properties

· FICOs as low as 680

· Loan amounts up to $3 million

· Fixed rate and ARM loans availabl

Mr. Luis E. Frausto, JD, MBA, is currently a licensed mortgage broker and realtor, who has been involved in residential and commercial finance since 2001. From 2011 to 2014, he was the Chief Financial Officer for a successful Century City law firm, handling criminal defense, family law and real estate litigation. His background in finance and real estate law make him a valuable asset to this firm and he is happy to share his knowledge and experience, in order to assist his clients with one of the most important decisions of their lives...the purchase and financing of their new home.