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Jumbo Purchase 1/31/2019 1:56:03 PM  Broker Location: CA/91301 Alt-A/CA/90068
PostID: 50003     Status: Open  
Property Type Single Family Detached 
Units 1 Single 
Occupancy Owner Occupied 
Purpose Purchase 
FICO 770 
DTI 55 
Doc Type Full 
Product Type 30-Yr Fixed 
Lien Position First 
Appraised Value: $1,795,000 
Loan Amt 1st: $1,436,000 
Loan Amt 2nd:  
LTV: 80% 
CLTV: 80% 
General Notes: In 28 Day escrow, time is of the essence. We have a married couple, main wage earner middle FICO 770, middle fico for both 760, main wage earner is a Microsoft employee executive with Microsoft making 179K Salary and RSU for last few years currently averaging over the last 24 months (2017 and 2018) 14K per month. She will continue for years to receive Restricted Stock Option and has received them for years. Co-Borrower is an educated Master’s Degree in music with a high profile agent/management company and is on his way up writing pop songs being bought from major artists but this has only shown itself in 2018 of which we have no tax returns but we do have 12 Month bank statements that will show earnings of deposits in the range of 5K per month for him. So we need a combo Bank Statement for Self Employed co-borrower and W2 and Paystub for employed Borrower. DTI goes down to 44 if we can use co-borrower 12 month bank statements. The purchase price is 1,795,000 SFR OO, the
 Replies: 4 
Name: Staci Goodman Phone: 949-517-6116 1/31/2019 2:01:28 PM
Company: Carrington Mortgage Services LLC Email: staci.goodman@carringtonms.com Display Advertiser: page 179
We can do this scenario. Please call for details.
 
Name: Sophy Math Phone: 206-853-5606 1/31/2019 2:36:42 PM
Company: Angel Oak Mortgage Solutions Email: Sophy.Math@angeloakms.com Display Advertiser: pages 130180
The DTI is too high for me to help. Will the bk stmt, RSU and income together reduce the DTI to 40/50? I would want to review the bank statements to get income before saying yes/no.
 
Name: Denis Kelly Phone: 888-943-2833 1/31/2019 3:09:42 PM
Company: Sprout Mortgage Email: solutions@sproutmortgage.com Display Advertiser: pages 49125
Sprout Mortgage can assist with this scenario. We an combine wage-earner/RSU with bank statement income! Contact us for additional information.
 
Name: Luan Nguyen Phone: 949-505-5217 2/1/2019 10:00:04 AM
Company: HomeXpress Mortgage Corp. Email: lnguyen@homexmortgage.com  
HomeXpress can do this scenario, max DTI is 50%. PM for more details.
 
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