Portfolio Lending Complete e-Folder - Dennis Hearing

C A L I B E R P O RT F O L I O LENDING

Caliber CPL Kit Client Presentation

Caliber Portfolio Lending

At Caliber Home Loans, Inc. we are providing more products, more choices, and more advantages fornbuyers who can demonstrate the ability to repay.

Portfolio Lending products include: Premier Access

Provides innovative credit solutions for borrowers looking for loan amounts up to $3,000,000 with competitive guidelines including LTV ratios up to 90% with no MI, DTI to 50%, and an Interest-only option. Eligible income documentation can include restricted stock units and asset depletion.

Homeowner’s Access

Designed to help borrowers to achieve or re-establish homeownership. With DTI ratios in excess of 50% and BK, Short Sale, Foreclosure, Mortgage Charge-off, or Deed-in-lieu > 24 months seasoning, qualified borrowers may be able to access financing that is not readily available to them previously.

Fresh Start

Tailored for borrowers that have been prevented from achieving mortgage financing due to a recent short sale, bankruptcy, foreclosure or deed-in-lieu.

Investment

With maximum loan amounts up to $2,000,000, FICO scores as low as 620, and unlimited financed properties for qualified investment borrowers — the Investor product may be just what your buyers need to finance their investment properties

Call today for more info on all of our products!

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber Portfolio Lending

Caliber Home Loans, Inc. is pleased to offer our Premier Access product — part of our unique suite of Portfolio Lending products. Designed for borrowers who are looking for a higher loan amount, this offering will help you reach more qualified borrowers who can demonstrate the ability to repay

Loan Features n LTV ratios up to 90%, with no MI

n DTI up to 50%

n Loan amounts from $100,000 to $3 million

n ARM and 30 year fixed options available

n Interest-only option

n Unlimited number of financed properties

n Purchase money, rate term and

cash-out refinance

n 85% LTV on a cash out refinance n $750,000 max cash back n Eligible income sources can include

on primary residence

n Non-warrantable condominiums including

condotels

n Delayed financing treated as rate term n No pre-payment penalties

restricted stock units and asset depletion

Call me today for additional information on this or any of our other loan products!

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber Portfolio Lending

Caliber Home Loans, Inc. is pleased to offer disciplined credit alternatives for borrowers who can demonstrate the ability to repay, but otherwise don’t meet agency guidelines due to various reasons, including: ■■ Prior housing/credit events

■■ Lack of mortgage or rental history

■■ High DTI

■■ 100% gift funds allowed

■■ Non-traditional credit history

Homeowner’s Access can help more borrowers achieve homeownership for the first time, or help them reestablish homeownership after a housing/credit event.

Loan Features ■■ Loan amounts up to $1,500,000 ■■ Short sale, deed-in-lieu, mortgage loan charge-off, foreclosure, BK 7 or 13 allowed > 24 months ■■ DTI of 50% ■■ Purchase money, rate term and cash-out ■■ refinance ■■ Non-warrantable condominiums including condotels ■■ Unlimited number of financed properties on primary residence

■■ ■■ ■■ ■■ ■■ ■■ ■■ ■■

Multiple housing events allowed ARM and 30 year Fixed options available Minimum FICO 610 100% gift from family members First time homebuyers allowed No pre-payment penalties Rent-free borrowers allowed Maximum cash-out $500,000 up to 80% LTV and 660 FICO

Call me today! Let’s work together to bring mortgage credit to more borrowers!

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber Portfolio Lending

Over the past few years, many hard-working people lost their homes or were forced into bankruptcy due to a layoff

or reduced income. They have since rebuilt their credit and are able to demonstrate their ability to repay. For these borrowers who may be unable to obtain mortgage financing due to seasoning or other requirements, Fresh Start from Caliber Home Loans, Inc. may be the lending solution they have been looking for.

Loan Features ■■ No seasoning requirement for BK, foreclosure, deed-in-lieu or short sale

■■ Loan amounts $100,000 to $1,000,000 ■■ Purchase money, rate term and cash-out refinance

■■ No mortgage or rental pay history required

■■ ARM and 30 year Fixed options available

■■ Minimum credit score 580

■■ No pre-payment penalties

■■ DTI up to 50%

■■ 100% gift funds from family members for down

■■ LTV up to 85%

payment or reserves

Call today for more info on all of our products!

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber Portfolio Lending

With maximum loan amounts up to $2 million, FICO scores as low as 620, and unlimited financed properties for qualified investment borrowers, the Investment product may be just what your homebuyers need to finance their investment or rental properties. This product is one more example of Caliber Home Loans, Inc. mission to bring innovative solutions to the mortgage marketplace.

Loan Features ■■ Loan amounts up to $2 million ■■ Maximum LTV 85% up to $1.5 million

■■ Maximum cash-out to $350,000 up to 80%

LTV and 640 FICO

■■ Minimum FICO 620

■■ Model Home Leaseback allowed

■■ Borrowers may own unlimited number of

■■ 6% Seller Contributions

owner-occupied investment properties

■■ ARM and 30 year Fixed options available

■■ Low minimum loan amount of $100,000

■■ No pre-payment penalties

■■ Purchase money and rate term available

■■ Non-warrantable condominiums including

■■ Delayed Financing treated as rate term

condotels

Call me today! Let’s work together to bring mortgage credit to more borrowers!

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber’s Seasoning Policy for Bankruptcies, Foreclosures and Short Sales PROGRAM

FORECLOSURE

BANKRUPTCY

SHORT SALE

Conventional (Fannie Mae)

7 years from completion

Ch. 7 – 4 years from discharge/dismissal Ch. 13 – 2 years from discharge/4 years from dismissal

4 years from completion

Conventional (Freddie Mac)

For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.

For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.

For Accept Mortgages, Product Advisor has evaluated the borrower’s credit reputation and determined that the credit reputation is acceptable.

FHA

3 years from completion date; FHA pays the initial claim and clears CAIVRS

Ch. 7 – 2 years from discharge – AUS approval Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

No seasoning if: n Borrower made all mortgage/ installment payments within the month due for 12 mos. prior to the short sale, AND n Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage. n 3 years seasoning from completion date required if in default at time of sale.

VA

2 years from foreclosure date

Ch. 7 – 2 years from discharge Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

2 years from completion No seasoning if: n Borrower made all mortgage/ installment payments within the month due for 12 mos. prior to the short sale, AND n Made all mortgage/installment payments within the month due for the 12-mo. period preceding the date of the loan app for the new mortgage.

7 years from completion

USDA

3 years from completion

Ch. 7 – 3 years from discharge Ch. 13 – 1 year of payment period must have elapsed with satisfactory payment performance and permission from the court

Caliber Jumbo

7 years from completion

7 years from discharge/dismissal

Fresh Start

No seasoning requirement No seasoning requirement

No seasoning requirement

Homeowner’s Access

2 years from completion

Ch. 7 – 2 years from discharge/dismissal Ch 13 – 2 years from filing date

2 years from completion

Premier Access

4 years from completion

Ch. 7 – 4 years from discharge/dismissal Ch 13 – 4 years from filing date

4 years from completion

Investment

2 years from completion

Ch. 7 – 2 years from discharge/dismissal Ch 13 – 2 years from filing date

2 years from completion

For more information, contact me today.

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Caliber Portfolio Lending Product Overview Effective 06/11/2018

PREMIER ACCESS

HOMEOWNER'S ACCESS

Occupancy

FRESH START

Owner Occupied & Second Home

INVESTMENT Investment

Min/Max Loan Amount

$100,000 - $3,000,000

$100,000 - $1,500,000

$100,000 - $1,000,000

$100,000 - $2,000,000

Program Min FICO

650

610

580

620

Max LTV

90% (NO MI)

90% (NO MI)

85% (NO MI)

85% (NO MI)

Max DTI

50%

50%

50%

43%

Amortization Term

30 Year Fixed 5/1 & 7/1 ARM Interest Only ARM (to 80% LTV)

30 Year Fixed 5/1 & 7/1 ARM

30 Year Fixed 5/1 & 7/1 ARM

30 Year Fixed 5/1 & 7/1 ARM

Reserves by LTV

90% LTV - 9 months 85% LTV - 6 months 80% LTV - 3 months

90% LTV - 9 months 85% LTV - 6 months 80% LTV - 3 months

85% LTV - 6 months 80% LTV - 3 months

85% LTV - 9 months 80% LTV - 6 months Add 6 months each addtl property

Loan Purpose/Max LTV

Purchase - 90% LTV R&T/Debt Cons. - 90% LTV Cash Out - 85% LTV

Purchase - 90% LTV R&T/Debt Cons. - 90% LTV Cash Out - 80% LTV

Purchase - 85% LTV R&T/Debt Cons. - 85% LTV Cash Out - 80% LTV

Purchase - 85% LTV R&T - 85% LTV Cash Out - 80% LTV

Max Cash Out

$750,000

$500,000

$350,000

$350,000

Property Types

Single Family 2-4 Units (Owner Occupied) Non-Warrantable Condo allowed

Single Family 2-4 Units (Owner Occupied) Non-Warrantable Condo allowed

Single Family 2-4 Units (Owner Occupied)

Single Family 2-4 Units Non-Warrantable Condo allowed

Housing Payment History

0x30 last 12 months or Rent Free with Relative allowed

Up to 1x60 last 12 months or Rent Free with Relative allowed

NO History Required Rent Free with Relative allowed

0x30 last 12 months 12 months history required

BK13 - 4 years (from filing) BK7 - 4 years

BK13 - 2 years (from filing) BK7 - 2 years

BK13 - no seasoning BK7 - no seasoning

BK13 - 2 years (from filing) BK7 - 2 years

4 years seasoning

2 years seasoning

No seasoning Event must be completed

2 years seasoning

Multiple Derogatory Housing Events

Allowed (must be > 4 years)

Allowed (must be > 2 years)

Allowed (no seasoning)

Allowed (must be > 2 years)

Subordinate Financing

Not Allowed

Not Allowed

Not Allowed

Not Allowed

Gift Funds

Allowed 100%

Allowed 100%

Allowed 100%

N/A

Prepayment Penalty

N/A

N/A

N/A

N/A

Assumable

N/A

N/A

N/A

N/A

State Restrictions

MA not allowed ME, NY Primary not allowed

MA not allowed ME, NY Primary not allowed

MA not allowed ME, NY Primary not allowed

MA not allowed

Bankruptcy Seasoning

*(No Multiple BK's Allowed)

Derogatory Housing Events

(Short Sale, Foreclosure, Mortgage Charge-Off, Deed-In-Lieu)

For more information, contact me today.

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. Copyright©2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, confidential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.

Dennis Hearing

Loan Consultant NMLS ID 892525 2255 Glades Road Suite 324A Boca Raton, FL 33431 Mobile 954-648-4949 dennis.hearing@caliberhomeloans.com www.caliberhomeloans.com/dhearing

All loans will be required to meet ATR requirements to be Eligible. This is an advertisement from Caliber Home Loans, Inc. Caliber Home Loans, Inc., 1525 S. Beltline Rd Coppell, TX 75019 (NMLS #15622). 1-800-401-6587. CopyrightŠ2018. All Rights Reserved. Equal Housing Lender. For real estate and lending professionals only and not for distribution to consumers. This communication may contain information that is privileged, conďŹ dential, legally privileged, and/or exempt from disclosure under applicable law. Distribution to the general public is prohibited.