Your Lender of Choice for Niche Jumbo Portfolio Products
Portfolio ARM Lender • Expanded Guidelines
Exception Lending • Warehouse Lines
PROPERTY TYPES:
• Single family primary residences • Second homes or vacation properties
• Investment properties • Excess acreage
• Unique properties considered – Condos, Co-ops and Condo-tels
FOREIGN NATIONAL:
• Purchase or refinance available
• Loan amounts from $300,000 to $5,000,000
• Non-permanent resident aliens
ASSET DEPLETION INCOME QUALIFICATION:
• May use active trading accounts
• Borrowers may use their liquid assets to assist in meeting income requirements
• Complex income scenarios – self employed, retired, divorce situations,
PLEDGED ASSET:
• Up to 90%** financing available with this program
• Any family member may pledge assets on behalf
of a borrower in lieu of a down payment
• Eligible assets include stocks, bonds, mutual funds, CDs,
money market, savings, and others.
Retirement accounts are not eligible.
• Trading is allowed in the pledged account
877-376-8213
www.bofifederalbank.com
**Eligible investment assets may be pledged in lieu of a down payment. The pledge must equal up to 200% of the required down payment. If the account value
drops below 168%, the borrower must replenish the account or the lender may require the sale of all or a portion of the pledged assets. A pledged asset account
funded with 100% cash equivalent assets has an initial pledge amount and minimum pledge amount equal to 100% of the base. All borrowers should consult
a financial planner before selecting this type of loan. The Pledged Asset Loan Program is not available in all states. Effective 11/17/2011. The above terms and
conditions are subject to change without notice.
