First Westerville Mortgage Product

Term: 30 year fixed - 2 yr or 3 yr ARMS

Minimum Loan Amount: $65,000

Maximum LTV: 100%

Eligible Properties: Single Family Residences, PUDs (Condos with 640 FICO)

Temporary Buydown: Not Allowed

Qualifying Ratios: Full Doc -- Back End ratio required 50%

Assets: No Assets/Reserve seasoning required

Seller Contribution: Allowed up to 6% for closing costs and prepaids (includes permanent rate buydown)

Minimum Credit: FICO 600 with 3 active tradelines

Minimum Income: Minimum monthly gross income $2,000 required

MI Companies No Mortgage Insurance required

Coverage Requirement: Home Buyer Education: Not Required

Contact: Denny Brunton, 614-891-5626