Mortgage Loan Assumptions -

Mortgage Position:

First mortgage loan

Loan Amount:

$150,000 to $417,000. 1/8% higher for amounts up to $100,000. 0.25% higher for amounts below $100,000

Lock Period:

Up to 60 days

Loan-to-Value Ratio:

80% or less (loan amount divided by property value or purchase price)

State:

Florida. Even though rates may be the same for other states, APR could be different due to higher or lower closing costs

Property Type:

1 unit properties. Primary residences or vacation homes

Loan Use:

Purchase a home or refinance your mortgage using the current balance.

Income Documentation:

You are willing to document your sources of income

Prepayment Penalty:

None

Escrows:



FICO score:

You are willing to escrow for taxes and/or insurance. 0.25 point extra applies to waive this requirement. Request granted solely at BMC's discretion.

Median score of at least 740 for all borrowers.