BMS
Banking Mortgage Services, Corp.
Cell: (866)215-2143
Office: 305.445.9003
Fax: 305.666.0251
Conventional Programs
Conventional mortgages are loans that are sold to Fannie Mae and / or Freddy Mac.
Program Description: 10, 15, 20, 25 or 30 year fully amoritized loans.
Available Terms: 120 to 360 months
Maximum Loan Amount: $417,000
Loan To Values: (Purchases)
Primary Home - 95% LTV + 1
Second Home - 80% LTV
Investment - 75 - 80% LTV *
Eligible Properties
1. Single Family
2. Second Home
3. 3-4 Units
4. Condominiums
Minimum FICO Score: 640
+ Anyone with over 80% must have PMI coverage
1 DU (Direct Underwriter) or LP Approve / Eligible only
* Based on credit, case by case