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Nations Trust Mortgage Company of South Florida.

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  • 1. www.NationsTrustMortgage.net Mortgage Program Guide
  • 2. NationsTrust Mortgage currently offersunique programs that allow you to do more…Foreign National LoansReduced Income Documentation LoansNo Income Documentation LoansSuper Jumbo Loans FinancingCondo-Hotel FinancingNon-Warrantable Condo FinancingWarrantable Condo Financing Overview
  • 3. 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 ClosingsFeatures and Benefits
  • 4. Foreign National Financing • SFR • Foreign National Property • Condos • No Limitation on Country • Condo-Hotels (case by case) Borrower • Venezuela is Subject to Type • New Construction limitation Foreign National products are offered in Miami- • Purchase • 2 Bank reference letters (24 month) • Rate and TermDade, Broward and Purpose • Cash Out (Max 50% LTV) Credit • Foreign bank statements (3 month might be requested) Palm Beach • Credit Reference letter Counties. This product is not limited to a New • Minimum - $100,000.00 • CPA letter for Self-Employed constructions. Loan • Max - $3,000,000.00 • Audited Financials may be Income requested for Self-Employed Multiple loans are Amount • Job Letter for Employed allowed. Very lowrates are offered to • 70% on SFR and Condos • Must have US Bank Account the buyers. No Loan to • 65% on New Condos must be • No Source or Seasoning (insource or seasoning 50% closed or Fannie Mae Assets most cases) of funds are Value approved. Otherwise Max LTV 50%. • Reserves 6 to 12 month required in most cases. • 15-30 Years • Second Home • 3/1 ARM • Investment Terms • 5/1 ARM • 7/1 ARM Occupancy • 15 Year Fixed Programs
  • 5. Reduced Income Documentation Loans • SFR • US Citizens Our Reduced Property • Condos • Permanent Residents • Condo-Hotels Borrower • Foreign National Income program Type • New Construction • Any Residential Properties allows manybusiness owners or subcontracted • Purchase • No Credit Check • Rate and Term • No Scoreprofessionals such Purpose • Cash Out Credit • No References as doctors or attorneys who wishes to buy adream multimillion • Minimum - $200,000.00 • CPA letter dollar home but Loan • Max – No Limits • 6 Month Personal Bank Income Statements unable to qualify Amount • Profit and Loss Statements for Business Owners with their tax returns. All the • 50% in Florida • Must produce cash flowborrower needs to Loan to • 60% in New York or New • No Reserves do is to Jersey Assets • No Escrow demonstrate an Value income cash flow for at least six • Up to 30 Years • Second Home month minimum. • 3 Month Libor (current rate • Investment Properties Terms 4.5%) OccupancyPrograms
  • 6. No Income Documentation Loans • SFR • US Citizens Property • Condos • Permanent Residents Our No-Income • Condo-Hotels Borrower • Foreign National program allows Type • New Construction • Any Residential Properties many business owners or • Purchase • No Judgments subcontracted • Rate and Term • No Scoreprofessionals such Purpose • Cash Out Credit • No References as doctors , attorneys or investors who • Minimum - $100,000.00 wishes to buy a Loan • Max – case by case dream home but Income • None Amount unable to qualify with their tax returns. • 60% in Florida Loan to Assets • NoneThis is program is Value provided by privately owned fund. • 3 to 5 Year Balloon • Interest Only Terms • 9.99% • Usually 3 points Occupancy • Investment Properties • First 12 Month PPP Programs
  • 7. Super Jumbo Loans Financing • SFR • US Citizens Property • Condos • Permanent Residents • New Construction (must be Borrower • Foreign National (Non- Type 51% Sold) Permanent residents who have Social Security number) Our Super Jumboproducts deliver an • Purchase • Min 660 for Employed (Primary) • Rate and Term extremely low Purpose • Cash Out Credit • Min 680 for Employed (Secondary)rates. Borrower has • Min 700 for Self-Employed an option for Interest Only as well. Please note • Minimum - $100,000.00 • 2 Years Tax Returns (1040) that LTV are Loan • Max – $3,000,000.00 • Current paystubs Income subject to adjust Amount depending on the loan amount. • 70% on SFR • Assets Verification Minimum LTV is Loan to • 65 on Condos • No Reserves 60% across the • 60% on New Constructions Assets • No Escrows board. Value (must be 51% sold) • 15-30 Years • Primary Home • 5/1 ARM • Second Home Terms • 7/1 ARM OccupancyPrograms
  • 8. Condo - Hotel Financing • Condos • US Citizens Property • Condo-Hotels • Permanent Residents Our Condo Hotel • New Construction Borrower • Foreign National financing brings a Type new avenue ofmaking more sales • Purchase • Min 680 credit score transactions for • Rate and Term • Alternative credits are Domestic or Purpose • Cash Out (Case by Case Basis max 50% LTV) Credit available to Foreign National borrowers. (see Foreign National requirements) International buyers. Not any condo hotel units • Minimum - $100,000.00 • 2 Years Tax Returns (1040) will qualify, each Loan • Max – Case by Case Basis • Current paystubs unit must have at Income • CPA or Job letter for Foreign Amount Nationalsleast one bedroom and kitchen. Anystudio or efficiency • 70% on existing buildings • Must have US Bank Account are subject to Loan to • 65% on New Constructions • No Source or Seasoning (must be 50% closed) Assets • Reserves 24 month special financing Value • Current VOD that requires $400,000.00 minimum value. • 15-30 Years • Second Home • 3/1 ARM • Investment Terms • 5/1 ARM Occupancy Programs
  • 9. Non-Warrantable Condos Financing • US Citizens Property • Condos • Permanent Residents • New Construction (must be Borrower • Foreign National (Non- Our Non- Type 51% Sold) • No Condo Hotels Permanent residents who have Social Security number) Warrantable Condos Financing program is a • Purchase • Min 660 for Employed (Primary) • Rate and Term perfect ideal for Purpose • Cash Out Credit • Min 680 for Employed (Secondary) South Florida • Min 700 for Self-Employed Condo market. No CondoQuestionnaires, No • Minimum - $100,000.00 • 2 Years Tax Returns (1040) Fannie Mae Loan • Max – $3,000,000.00 • Current paystubs Income Approval, No Amount questions asked. Buyers can now • Assets Verificationobtain financing in Loan to • 65% • No Reservescondos that are not • 60% on New Constructions Assets • No Escrows on Fannie Mae Value (must be 51% sold) approved list. • 15-30 Years • Primary HomeVery Low Rates!!! • 5/1 ARM • Second Home Terms • 7/1 ARM Occupancy • No InvestmentPrograms
  • 10. Warrantable Condos Financing • Must be on Fannie Mae list • US Citizens Property • Condos • Permanent Residents • New Construction (must be Borrower Type 90% sold and HOA in control) Our Warrantable • Purchase • 680 Condos Financing • Rate and Term • Must receive DU program is a Purpose Credit Approved/Eligible perfect ideal for South Florida Condo market. • Minimum - $100,000.00 • 2 years tax returns (1040) Buyers can now Loan • Max – $417,500.00 • W-2sobtain financing in Income • 1120 or K1 for Business Amount Owners • Pay stubs condos with high LTV up to 90%. • 90% for Primary Residencies • 2 Month Bank statements Standard low 30 Loan to • 80% for Secondary • 2-4 month reserves Residencies AssetsYear Fixed Rates!!! Value • 80% Investment • 30 Years Fixed • Primary • 3/1 ARM • Second Home Terms • 5/1 ARM • 7/1 ARM Occupancy • Investment Properties • 10/1 ARM Programs
  • 11. CPA/Income Sample FormThis is a Sample form of CPA Letter. Please note that any CPA preparing this document must be licensed in acountry 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
  • 12. 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 followinginformation. The date of preparation, complete account number, currencyof the account , the date account wasopened (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 preparingthis document such as email address and telephone number for further verification. Letter must be dated, signed and sealed if applicable. Sample Forms
  • 13. 18851 NE 29th Ave, Suite 700AVENTURA, Florida 33180 Phone: 1-800-373-0812 1-305-525-0825 Fax: 1-305-692-3000 e-mail: info@nationstrust.info Web: www.nationstrustmortgage.netContact Information
  • 14. 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.