HomeXpress Mortgage Corp

Basic information

QM program

• Conventional
• FHA
• FHA Streamline
• VA
• VA IRRRL

Loss payee

HomeXpress Mortgage Corp. It's Successors and/or Assigns, 1936 East Deere Avenue Suite 200 Santa Ana, California 92705

CPL or subordinate clause

HomeXpress Mortgage Corp. It's Successors and/or Assigns, 1936 East Deere Avenue Suite 200 Santa Ana, California 92705

Lock policies & fees

Lock policies

Lock extension

7 days: .50pt cost 15 days: 1.00pt cost

Relock

After 30days of lock expiration.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

• 90% purchase and refi R&T with Bank Statements
• Non-Warrantable Condos
• Short-Term Rentals
• Loans Amounts up to $4mm
• 1yr Self-Employment Program
• Zero Ratio DSCR
• First Time Investor allowed
• First Time Homebuyer & Investor for DSCR allowed
• Asset based programs (qualify based on 401k, stocks, bonds, cash)
• No Credit needed for Co-borrower
• Use the highest fico between borrowers for DSCR
• DTI up to 55%
• 1x60 allowed on mortgage history
• 1 day out of BK ok
• 1 day out of F/C ok
• Foreign National Programs up to 75%
• Delayed Financing considered R/T refinance
• 5-8 Unit Program
• 6 Month Seasoning for Cash-out Refinance
• No Housing History required for FTHB

Allow lender credit to cover BPC

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews