| |
| Property Type |
Maximum LTV |
Points Range |
Interest Rate Range |
Loan Terms |
Prepayment Penalty |
| 1-4 Family |
75% |
1.0 to 3.5 |
10.50% - 12.50% |
Up to 30 years |
None to 2 years |
| 1-4 Family - NOD Bailout |
65% |
1.0 to 3.5 |
10.50% - 12.50% |
Up to 30 years |
None to 1 year |
| Apartments |
70% |
2.5 to 3.5 |
10.50%-11.99% |
Up to 2 years |
None |
| Commercial Buildings |
70% |
2.5 to 3.5 |
10.50%-11.99% |
Up to 2 years |
None |
| Residential Lots |
60% purh
50% refi |
2.5% to 4.0 |
10.99%-12.50% |
Up to 2 years |
None |
| Construction |
70% of total cost |
3.5 |
11.50% |
Up to 1 years |
None |
|
|
|
Additional Information |
| Terms: All loans are interest only, with a balloon
due at maturity. Minimum loan amount is 250,000 |
| DFI Loan Fees: In general there is an underwriting
fee of $1195 for 1 to 4 family loans and $1495 for all other loan
types. |
| Broker Fees: For loan amounts between 250,000 &
416,999, total fees (lender & broker combined) are limited to
4.5 points*. For loan amounts at or above $417,000, total
fees are limited to 5.5 points*. For all loan amounts, a
maximum of $500 in additional fees for credit, processing etc.
are allowed for the broker. *Subject
to state and federal high cost mortgage laws |
| DFI only makes loans secured by good quality,
CALIFORNIA real estate. |
| DFI's strength is Jumbo 1-4 Family loans up to $2,500,000. |
| DFI requires no minimum FICO score; however, mortgage
payment history and the quality of the collateral weigh heavily
in underwriting. |
| DFI does not make loans secured by special
use buildings such as restaurants,
motels, gasoline stations, auto repair shops, etc. |
|
|
