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.
   
   
     
 


 

     

 

  Submit your loan today to your Account Executive
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