Mortgate Express, Inc

Choosing the right mortgage for your lifestyle could have substantial impact on your retirement, your net worth, and your family's future lifestyle. It is critical that you choose a loan program that fits your needs as well as your future goals.

Here is a quick overview of our available programs.

1. Conventional Programs 2. BCD Programs

Conventional Programs

Those are programs that will help you get the competitive interest rates. We provide our borrower to pick the program that fit them best.

Key Benefits

	No Origination Fee
	No Closing Cost
	No Income verification program

BCD Programs

For customers have challenges with their credit history.

We have solutions to your Mortgage Needs.

	NO Income
	Bad Credit
	Bankrupcy
	100% CLTV

Here are a few programs that we use.

NMS

Check out how our NMS Series product line can help you to qualify more borrowers.

	Consumer credit ignored
	Stated income to 90%; wage earner to 85%; 100%CLTV available
	100% available to $350,000; 95% to $400,000
	Limited Doc program to 95% (620 score)
	Non-owner occupied to 90%
	No minimum credit required if LTV is 90% or less
	Borrowers with no housing history okay

NAA

Our NAA Programs allow minimal income and asset disclosure. So no matter what the situation, we offer documentation levels that will have your borrowers breathing a great big sigh of relief.

95% NINA

	95% LTV available with a 660 score
	90% LTV available with a 620 score NINA (No Income No Asset): Borrower does not record income or asset information; Only VOE required.

90% No Doc

	90% LTV available with a 660 score
	Up to 80% LTV available with a 620 score No Doc: Borrower does not record employment, income or asset information; No verification takes place.

95% ALT-A Piggyback

	Available for NINA programs with a minimum 680 score
	Available for No Doc programs with a minimum 680 score
	95% financing will be comprised of an 80% 1st and 15% 2nd mortgage with NovaStar providing both of these loans.

NPB

100% NPB Program Details:

	100% CLTV to $500,000
	Maximum 2nd is $100,000
	Available for full doc (620 score) and stated income (660 score)
	1 and 2 unit owner occupied properties
	Primary Residences
	First mortgage must be any of NovaStar's programs
	24 month look back on bankruptcy and foreclosure

N100

100% Program Details:

	600 score required
	580 score gets 97%
	2 unit properties okay to 100%
	3-4 unit properties okay to 95%
	Cash out okay to $100,000
	DTI to 50%
	Unlimited 30 day mortgage lates okay
	Chapter 7/13 Bks okay if discharged for 24 months
	Some collections and charge-offs may remain open

We offer Jumbo loans without the hassle.

	$1,000,000 Loans
	Full Doc or Stated Income

Full Doc with 620 Score or Stated Income with 660 Score:

	80% LTV to $650,000
	75% LTV to $800,000
	70% LTV to $1,000,000

Jumbo Program Parameters:

	620 score okay for Stated Income with lower LTV
	No rural properties
	Available for SFR, PUDs and Condos

Interest Only

With Interest Only loans, borrowers can borrow more and still keep their payments low!

Interest Only is available for:

	5 years Interest Only on our 2/28 and 3/27 ARM loans
	10 years Interest Only on our 30 year fixed loans
	M1, M2 and Alt-A programs
	For loan amounts of $40,000 - $1,000,000
	Minimum credit score is 580

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