4x4 | Home Loan Options | Absolute Home Mortgage

Proposed 4 x 4 General Disclosure

All borrowers may apply, but not all may qualify. This document is provided by Absolute Home Mortgage Corporation. All rights reserved. This advertisement was not issued, reviewed, or approved by HUD, FHA, or any other government agency. Absolute Home Mortgage Corporation is not acting on behalf of HUD, FHA, or any other government agency. This is not a commitment to lend. This offer may not be combined with any additional offers. Prices, guidelines, and minimum requirements are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral. Not all applicants will qualify for financing. Making an informed decision when selecting and using a loan product is important. Make sure to compare loan types when making a financing decision.

Absolute Home Mortgage Corporation- 330 Passaic Avenue, Suite 204, Fairfield, NJ 07004. NMLS ID # 176743 (www.nmlsconsumeraccess.org); Florida Office of Financial Regulation License #MLD424; Please visit https://absolutehomemortgage.com/state-licensing/ for full state licensing information. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. Equal Housing Lender.

Questions, comments, concerns? Send to customer.service@ahmcloans.com

Proposed 4 x 4 Triggering Terms/Qualifying Parameters

Bridge Loan

This is not a commitment to lend. This offer may not be combined with any additional offers. A minimum FICO score of 680 is required to qualify. Conventional, interest-only payment loan product with additional qualifying parameters: Max loan amounts up to 90% combined loan to value (CLTV) on current residence; the loan must be fully amortizing; qualifying payment based on interest-only payments with an interest rate of 8% or higher, six (6) month balloon term. A $495 Application Fee and a 2% Origination Fee will be charged at closing. Additional fees, closing costs, and/or 3rd party fees may apply. The program mentioned is neither sponsored nor affiliated with your state housing authority.

Lock and Shop

This is not a commitment to lend. This offer may not be combined with any additional offers. Conventional loan product with a TBD underwriting approval required. Maximum interest rate lock of ninety (90) days with a thirty (30) day rate lock extension available. Rate lock must be good through loan funding. Additional fees, closing costs, and/or 3rd party fees may apply. The program mentioned is neither sponsored nor affiliated with your state housing authority.

Cash to Close/Cash to Keys

This is not a commitment to lend. This offer may not be combined with any additional offers. The program is only available on New Jersey and Pennsylvania properties. A conventional loan product with a minimum FICO score of 720 is required to qualify. Program available to W-2 wage earners only. Cash for closing is guaranteed up to the listing price. The sales contract must include language in an addendum to the seller disclosing the use of the program for financing. Closing date will be guaranteed with a minimum thirty (30) day close available. Contract and appraisal must be submitted for review within 48 hours of issuance of inspection report. File must go through TBD underwriting approval with assets verified before contract; at least seven (7) days minimum. Additional fees, closing costs, and/or 3rd party fees may apply. The program mentioned is neither sponsored nor affiliated with your state housing authority.

21 Day Closing

This is not a commitment to lend. This offer may not be combined with any additional offers. Only available on purchase property transactions with a minimum FICO score of 660 required to qualify. Program available to W-2 wage earners only. TBD approval or submission to underwriting within two (2) business days of contract signing is required. Property appraisal must be ordered at the time of loan application and be scheduled within one (1) week of sales contract signing. All assets needed for closing must be verified at TBD approval. Not available for condominium or renovation purchases. Additional fees, closing costs, and/or 3rd party fees may apply. The program mentioned is neither sponsored nor affiliated with your state housing authority.