THINGS WE DO THAT BANKS DON'T DO IN NEW YORK!

THINGS WE DO THAT BANKS DON'T DO IN NEW YORK!

Here are a few of our highlights…
1. When having multiple borrowers, we use the highest wage earner’s middle score, rather than the lower of the two middle FICOs.
2. We can go up to 55% DTI on our loans.
3. We can get up to 90% on bank statement loans with 740+ FICO
4. We can do loans for borrowers without socials who have an ITIN number, and we don’t ask for proof of entry like a visa.
5. We can do non warrantable condos up to 80% LTV.
6. We can look at business OR personal for bank statement loans, and can go down to a 10% expense ratio with a CPA justification.
7. We can do a P&L loan for DSCR clients and get them a lower rate / higher LTV.

Here are some of our most recent fundings that some of my competitors were not able to do.
1. Cash out consideration for 699 FICO, 80% LTV
2. Purchase consideration for 85% LTV, 699 credit score
3. Foreclosure consideration: 12 months - max LTV 70% MIN FICO660 Purchase only
4. Received a consideration on a 38 Acre property due to great comps, Income and 60% LTV.
5. Consideration for 90% LTV 740 FICO purchase deal
6. Consideration for 27 acres 1.5 mil loan amount in b/c of comps in area
7. 22 instead of 24 months of self-employment history - got consideration for a realtor who previously was just renting out his duplex to still qualify for bank statement loan
8. Was able to fund a rural property due to comps in the area

Below are a few highlights of the programs we offer….

1. P&L Only Program *may not require any bank statements
2. 1099 Only Program
3. 55% DTI Programs
4. *Non-Warrantable Condos up to 80% (65% NY) – up to 100% Investor Concentration
5. ITIN Program for Clients without a SSN
6. Bank Statements – Personal or Business
7. Investment Properties (No DSCR)
8. 2 Yr Seasoning for BK/Foreclosure/Short Sale
9. Mortgage can be 1 x 30 in the last 12 months
10. Asset Qualifier – eligible assets lower of $1,000,000 or 150% of the loan balance

Joseph Failla
FAILLA FUNDING
Office: (718) 966-6760
Mobile: (917) 294-1506
Web Site: FAILLA.COM

THIS MAIL OR ADVERTISEMENT, HAS BEEN PREPARED FOR THE SOLE PURPOSE OF DISCUSSING FINANCING OPTIONS. THIS IS NOT A COMMITMENT OR OFFER TO PROVIDE ANY FINANCING
WHETHER DESCRIBED HEREIN OR OTHERWISE. # 40506
Registered mortgage Broker. NYS Department of Financial Services. Loans arranged with third party providers.