Below is the niche products that we offer:
*** 100% CLTV LOANS:
580 mid score full doc
** *640 stated wage earners
620 stated Self Employed
* *
** INVESTMENT PROPERTY:
95% CLTV full doc
90% LTV stated income
FICO restrictions apply
PAY OPTION ARM
90% CLTV
*
** INTEREST ONLY LOANS:
***100% 80/20 with a 580 score full doc
***100% 80/20 stated income with a 625 mid score.
** 100% one loan interest only with a 680 full doc.
(I.O. must be owner occupied; combo second is not interest only)
*
*** NO TRADE LINES:
** 90% MILA CLTV or seller second to 95%
*
*** NO DOC LOANS:
** No employment, income or asset verification
** 625 mid score to qualify
* 80/20 combos up to $1 million!! ($800,000 stated)
Also we do allos 1 day discharged chapeter 7 and 13. Chapter 13 is still in plan. We will go as low as a 500 score (but not to 100% CLTV), the max would be 80% LTV.
Please give me a call if you are not currently an approved broker with MILA, Inc. and I can at least get you signed up. MILA is paperless so you do not have to send me your originals, do not send me your disclosure and do not send me a package via transbox or fed ex. All you need to do is upload your file from your POS (Calyx, Byte, Geneses, etc) and get an automated approval in 10 seconds, then email the appraisal and fax the conditions and that is it. I also will provide you with a 1003 in your name and I will allow you to view in real time the status on your file, and when conditions are being cleared 24 hours a day.
Call me.
Lisa Dean
MILA, Inc.
Internal Sales Manager
1-800-332-6452
lisa.dean@mila.com