65/25/10, 75/15/10, or 80/10/10 Conventional
Conforming Purchase Money Combos
We have the Products and Service that you need!
PRODUCT BENEFITS
Potential to obtain your desired lower rate on the first mortgage
Maintain a low blended rate
Help keep your first mortgage within the conforming limits
Avoid mortgage insurance
Avoid escrows
SFR primary residence up to 90% TLTV
nd
2 homes available up to 85% TLTV
Jumbo conforming first positions eligible
1
First time home buyers are O.K.
nd
For 2 position - choose either 30 year fixed for lower payment or, 15 year fixed term to build equity faster
Overnight protection on new registration/locks until 8:30 AM EST
Highly experienced underwriting staff
Tenured underwriters, direct access, common sense underwriting
PRODUCT HIGHLIGHTS
90% TLTV
740 minimum FICO required for 90% TLTV
720 minimum FICO required for 85% TLTV
$250,000 2
nd
mortgages up to 90% LTV/TLTV
$350,000 2
nd
mortgages up to 85% LTV/TLTV
2
Max 43% DTI
1.
2.
Please refer to FHFA to find your jumbo conforming loan limits within your market:
http://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx (By selecting this link, you will leave U.S. Bank content and enter a thirdparty website. U.S. Bank is not responsible for the content of, or products and services provided by this third party, nor does it guarantee the system availability or accuracy of
information contained in the site. This website is not controlled by U.S. Bank and may have privacy and information security policies that differ from those of U.S. Bank.)
Loan amounts >$250,000 only available in US Bank footprint states (AR, AZ, CA, CO, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM,
NV, OH, OR, SD, TN, WA, WI, WY, UT)
usbank.com/brokerloans
This document in not a Consumer Credit Advertisement and is intended for Correspondent and Wholesale Broker use only. This information is provided to assist Correspondents and Wholesale Brokers and is
not a consumer credit advertisement as defined by Regulation Z. Please consult the Seller Guide on our web site for more details (https://sellus.usbank.com). Loan approval is subject to credit approval and
program guidelines. Not all loan programs are available in all states for all amounts. Interest rates and program terms are subject to change without notice. Mortgage and Home Equity products are offered by
U.S. Bank National Association. Deposit Products offered by U.S. Bank National Association. Member FDIC. ©2017 U.S. Bank