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Loans In Mexico*
Product Description
Loan Guidelines
Geography
Estimates Closing Costs
Funding Procedures
Product Description
Mexican Dream Mortgage
Rate & Term
3/27 @ 7.99%
5/25 @ 8.49%
Max Loan Amount
$1.5 Million
LTV
Max 70%
FICO Min
680
DTI
40 %
Documentation
Full Verified Assets
Alt. Doc – 24 month bank statement (non W/E)
Transaction Type
Purchase Loan
Purchase Loan w/borrower-financed construction
Currency
$US
Prepayment Penalty
3% for prepayments for 3 yrs ; 2% discount to waive
Seller Contributions
Allowed up to 3%
*Rates are used as an estimation only and are subject to change. Loans are subject to borrower qualification.
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