FHA Highlights:

  • TBD purchase loans allowed
  • Manual uw’s and refer/eligible ok
  • No min. Credit history or trades with aus approval
  • Transfer appraisals from any lender/amc ok
  • No fico score and one fico score ok
  • Work permits ok with ssn#
  • *1 Day off market for cash out refi 
  • Rental income on 2-4 units ok for first time home buyer
  • Streamline- 600 score! No appraisal, no income, no employment verification or 
  • employment on the 1003
  • HECM/reverse programs
  • * Must be off market before date of application 
 

 Conventional Highlights:

  • Up to 10 financed investment properties with 720 score on rate & term and purchases
  • My community program ok
  • Investment purchase/rate&term  up to 85% ltv
  • Du refi plus/open access/harp products up to 150% LTV with piw allowed- mi transfers allowed
  • 97% LTV/CLTV purchase
  • Lender paid mi options

VA Highlights:

  • *No dti cap follow aus findings
  • Borrowers with one FICO ok
  • No minimum credit history or trades with 
  • approved/eligible
  • IRRRL 600+ with no avm or appraisal required
  • IRRRL no income ok
  • Cash out refi’s up to 100%
  • 1 Day off MLS for all refi’s including cash out
  • Dti exceeding 41% must have compensating factors

Non-QM Highlights

  • Asset qualifier program for high net worth borrowers
  • Asset depletion program
  • Foreign national borrower programs
  • Common sense underwriting
 

Jumbo highlights

  • Loans up to $3 million
  • Cash out up to $1 million
  • 85% Ltv no mi up to $2 million
  • Fico to 660
  • Investment properties to 70% ltv
Copyright 2017 Franklin First Financial Ltd. All Rights Reserved.

Franklin First Financial Ltd. (NMLS# 1630)
538 Broadhollow Road, Suite 401, Melville, NY  11747
Direct:  (631) 847-8700
Toll Free:  (888) 933-8639
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FRANKLIN FIRST FINANCIAL, LTD. 538 BROADHOLLOW RD, STE. 401 MELVILLE, NY 11747 IS A LICENSED MORTGAGE BANKER-NYS DEPT OF FINANCIAL SERVICES. LICENSE #107407 NMLS #1630, HUD APPROVED TITLE II NON-SUPERVISED LENDER #17895-0000-0. FRANKLIN FIRST FINANCIAL IS NOT ACTING ON BEHALF OF OR AT THE DIRECTION OF HUD/FHA OR THE FEDERAL GOVERNMENT. ALL LOANS ARE SUBJECT TO CREDIT & APPRAISAL APPROVAL. PROGRAMS, RATES, TERMS, AND CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE.OTHER RESTRICTIONS MAY APPLY. THIS IS NOT A COMMITMENT TO LEND. COPYRIGHT FRANKLIN FIRST FINANCIAL, LTD. ALL RIGHTS RESERVED.

 

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