3. 3
Benefits of First Midwest Bank
Mortgage
• You and your clients will experience many benefits with the Preferred Lender
relationship, including:
• A designated mortgage professional who will dedicate a significant amount of time
to your needs as well as those of your potential clients
• Your dedicated loan officer at open houses
• A team of underwriters, processors, and closers who will know your project
• A streamlined process with no repeated requests on items like project declarations
and bylaws, property reports, condo insurance, condo budget, and condo
questionnaires
• The same appraisers firm the life of the project
• The ability to do mass closings in one day
5. 5
Specialty Purchase Products
• 90% LTV $1,000,000, 85% LTV $1,500,000
• Foreign National to 60% LTV
• Vesting Title: all trusts, LLC’s, sub s corp.,
partnerships
• Pledged asset accounts
• Jumbo Investment financing to 60% LTV
• Portfolio loans above 43% DTI/Non QM
• 85% LTV $750,000 with NO MI/Held by FMB
6. 6
New Construction Condominiums
• First in financing
• Ability to run CPM & PEW’s
• Ability to have project PER’s approved
• Special MI enhancements for new
construction
• Express Personal Loan from FMB for EM
• Single Entity can own 20% of total units
7. 6
New Construction Condominiums
• First in financing
• Ability to run CPM & PEW’s
• Ability to have project PER’s approved
• Special MI enhancements for new
construction
• Express Personal Loan from FMB for EM
• Single Entity can own 20% of total units
