A Mortgage Boutique

Basic information

QM program

• Conventional
• Home One
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• FHA 203(k)
• Doctor Loan
• VA
• VA IRRRL
• USDA
• USDA Streamline

Loss payee

First Community Mortgage, Inc. ISAOA/ATIMA 262 Robert Rose Drive, Suite 200 Murfreesboro, TN 37129

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

Locking Hours 9:30am – 6:30am (next day) CST Agency Programs 10:45am – 5:00pm CST Non-Agency Programs .020 bps per day for 30 days

Relock

Yes - aggressive float down policy All re-lock requests must be submitted to lockdesk@fcmpartners.com to re-lock a loan.

Lock & Shop

Yes

Lender's niche & overlays

Lender's niche

New Product: Doctor Loan

• Primary Residence Only
• Purchase & Rate / Term Transactions
• 30 Year Fixed Rate, 7/6 and 5/6 ARM available
• 100% LTV up to $2,000,000!!
• Max LTV/CLTV 100% & No Mortgage Insurance!!
• Max 45% DTI > 95% or Max 50% DTI < 95%
• Min Credit Score 680
• Future Income Allowed!!
• Start date up to 150 days in the future!
• State License Pending OK!!
• No Occupant Co Borrowers permitted
• Gift funds are acceptable for reserves
• Student Loan Exclusion available (ask for details)

Eligible Professions

• Medical Doctor (MD) or (DO)
• Medical Resident/Fellow
• Doctor of Dental Medicine (DMD)
• Dental Resident/Fellow
• Doctor of Dental Surgery (DDS)
• Doctor of Veterinary Medicine (DVM)
• General/Specialized Surgeon
• Podiatrist (DPM)
• Pharmacist

Other Niches:

Investment 

second home 

home ready home possible 

conventional higher loan amounts pricing bonus 350,000 > 

best execution model 

Fnma 

Fhlmc 

reduced LLPA 

Lender's overlays

Overlays

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews