Stated Elite Program
| Loan Purpose: | Permanent first mortgage for acquisition and refinance |  |
| Loan Amount: | $50,000 minimum $500,000 maximum | |
| Loan Term: | 1 to 3 years | |
| Amortization: | Interest Only | |
| Loan to value: | Up to 50% | |
| Subordinate Financing: | Up to 100% CLTV | |
| DSCR: | Not required | |
| Prepayment: | Declining prepayment penalty of 3,2,1 and nothing there after. | |
| Funding: | 2 weeks | |
| Application Requirements: | Lightning Quote Form, tri-merge credit report, pictures of the property | |
| Credit Score: | No minimum | |
| Lending area: | Nation wide |