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And they say Christmas only comes once a year.... Great New Product(s)


Blue Adobe Mortgage is excited to announce three new Alt QM programs! Maybe your buyer just needed that little extra stretch to get them into a new home in 2015! Alt Income o Income calculation  based on bank statements for self-employed borrowers o Self-employed borrower is required, tax returns NOT allowed o Additional spouse W-2 income or other non-self-employed income can be used for qualification  Standard income documentation is required o 5/1, 7/1 and 10/1 ARM, interest only option available Alt Investor o Program designed for experienced real estate investors o Qualification based on cash-flow solely from the subject property o Borrowers must have 3 years history owning, retaining and managing residential real estate o 5/1 ARM, interest only option available Alt Jumbo o Jumbo and non-conforming loans that fall just outside the parameters of Qualified Mortgage requirements o Loans must reflect one or more of the following characteristics:  Interest Only  DTI exceeds 43%  Loan amount exceeds conforming or high balance loan limits o 5/1, 7/1 and 10/1 ARM, interest only option available BLOG QM  

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