Pricing - First National Bank of America

QUICK QUOTE

Income Doc

Purpose

Occupancy

Property Type

State

Loan Amount

LTV

FICO

Bankruptcy

Bankruptcy Type

Foreclosure

Deed-in-Lieu

Mortgage Lates

DTI

ITIN

Please reach out to your AE if no eligible products are being returned

GENERAL REQUIREMENTS

ALT-A PREMIER

Program Highlights: This Non-QM loan program is an excellent solution for the Agency Fallout Borrower. Self Employed, ITIN, Full and Alternative Income Doc accepted (P&L Only, Bank Statements, Ready Asset (NIVA) or Asset Depletion).

Property Types:	SFOO/2nd Home Warrantable & Non-Warrantable Condos High Rises over 7 stories requires prior approval
Income History:	12 Month Income Documentation (Business or Personal)
Trade Lines:	LTV up to 80% Requires 3 Tradelines with a min of 12 months history or, 2 Tradelines with a min of 18 months history Authorized user accounts do not qualify LTV up to 85% Requires 5 Tradelines with a min of 12 months history or greater history At least one of these tradelines must have a 24 month or greater history At least one trade line must have a minimum credit limit of $3,000 At least one trade line can be housing history, if not reporting to credit Authorized user accounts do not qualify
Max DTI:	up to 55% with compensating factors
Max LTV:	85% LTV 700 or better credit score 80% LTV for 2nd Home/Condo
Cash out Refinance:	Max 75% LTV Not available in TX
Gift Funds:	100% Gift Funds allowed up to 80% LTV

NEAR MISS MORTGAGE

Program Highlights: This Non-QM loan program is a terrific solution for a borrower with a previous bankruptcy or short sale. No Seasoning required on the credit event. Self Employed, ITIN, Full and Alternative Income Doc accepted (P&L only, Bank Statements, Ready Asset ((NIVA) or Asset Depletion).

Property Types:	SFOO/2nd Home 1-4 Units Mobile/Manufactured Vacant Land Non-Warrantable Condos Most other property types will be considered Excluding Commercial and Agricultural Properties
Income History:	12 Month Income Documentation (Business or Personal)
Max DTI:	up to 55% with compensating factors
Max LTV:	80% LTV (2nd Home LTV >75% requires Transunion credit score ≥ 680) 75% LTV on Condos 70% LTV on Investment & Multi unit property or Mobile Home with Land 65% LTV on Vacant Acreage/Land
Housing History:	75.01 - 80% LTV: 0 x 30 for 6 months VOR or canceled check
Cash out Refinance:	Max 75% LTV Transunion credit score greater than or equal to 640 Not available in TX

Disclaimer: The above information is intended to provide a brief overview of First National Bank of America's products. Please refer to the individual Product Guides for full program parameters. This information is solely for mortgage professionals and should not be distributed or provided to consumers or the general public. All information stated is subject to change without notice. NMLS ID 413209 https://www.nmlsconsumeraccess.org. Equal Housing Lender

Please reach out to your AE if no eligible products are being returned

GENERAL REQUIREMENTS - NO PRICES

ALT-A PREMIER

Property Types:	SFOO/2nd Home Warrantable & Non-Warrantable Condos High Rises over 7 stories requires prior approval
Income History:	12 Month Income Documentation (Business or Personal)
Trade Lines:	LTV up to 80% Requires 3 Tradelines with a min of 12 months history or, 2 Tradelines with a min of 18 months history Authorized user accounts do not qualify LTV up to 85% Requires 5 Tradelines with a min of 12 months history or greater history At least one of these tradelines must have a 24 month or greater history At least one trade line must have a minimum credit limit of $3,000 At least one trade line can be housing history, if not reporting to credit Authorized user accounts do not qualify
Max DTI:	up to 55% with compensating factors
Max LTV:	85% LTV 700 or better credit score 80% LTV for 2nd Home/Condo
Cash out Refinance:	Max 75% LTV Not available in TX
Gift Funds:	100% Gift Funds allowed up to 80% LTV

NEAR MISS MORTGAGE

Property Types:	SFOO/2nd Home 1-4 Units Mobile/Manufactured Vacant Land Non-Warrantable Condos Most other property types will be considered Excluding Commercial and Agricultural Properties
Income History:	12 Month Income Documentation (Business or Personal)
Max DTI:	up to 55% with compensating factors
Max LTV:	80% LTV (2nd Home LTV >75% requires Transunion credit score ≥ 680) 75% LTV on Condos 70% LTV on Investment & Multi unit property or Mobile Home with Land 65% LTV on Vacant Acreage/Land
Housing History:	75.01 - 80% LTV: 0 x 30 for 6 months VOR or canceled check
Cash out Refinance:	Max 75% LTV Transunion credit score greater than or equal to 640 Not available in TX

GENERAL REQUIREMENTS

ALT-A PREMIER

NEAR MISS MORTGAGE

GENERAL REQUIREMENTS - NO PRICES

ALT-A PREMIER

NEAR MISS MORTGAGE

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