LOAN TYPE: PORTFOLIO
POSITION: 1ST
RATE TYPE: FIXED OR ARM
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $484,351 – $726,525
INDEX: 10-Yr Treasury
TERMS: 10, 15, 20, 25 & 30 Yrs

ADVANTAGES:
• Exceed Conforming and Super Conforming loan limits
• No MI requirements
DISADVANTAGES:
• Higher fixed rates than Conforming or Super Conforming
• Reserve requirements apply
• Assets as Income not allowed (though Asset Depletion is)