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Following is a sample of
some of the residential loan programs offered by Wymac Capital, Inc.
First Mortgages
Fixed Rates (partial list)
30 Year Fixed,
Conforming and Jumbo
20 Year Fixed, Conforming and Jumbo
15 Year Fixed, Conforming and Jumbo
10 Year Fixed, Conforming and Jumbo
Adjustable Rates (partial list)
Monthly Option ARM
(potential neg-am)
1 Month COFI
1 Month MTA
3 Month COFI
3 Month MTA
6 Month LIBOR
6 Month C.D.
1 Year T-Bill
1 Year MTA
1 Year CMT
Prime Based
Hybrid Loans (partial list)
10/1 ARM
7/1 ARM
5/1 ARM
3/1 ARM
3/3 ARM
Balloon Loans (partial list)
30 Due in 5
30 Due in 7
30 Due in 15
Second Mortgages
Lines of Credit
Wymac Capital, Inc.
offers open-ended credit lines for second mortgages, sometimes up
to the full appraised value of the home used as collateral.
Income documentation requirements vary. Credit lines tend to be
variable rate loans based on the current Prime Rate.
Closed-End Second Mortgages
Sometimes the
flexibility of a line of credit is not needed and a fixed rate
mortgage is more desirable for the second mortgage. Closed end
mortgages are available at competitive rates, often up to the full
value of the property.
Loan Types
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Primary Residence
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Vacation Homes
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2nd Homes
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Investment Properties
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Cash-Out Refinance
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No Income Qualifiers
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No Income/No Asset
Loans
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80-10-10
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80-15-5
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Negative Amortizing
Loans
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No Point Loans
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No Point/No Fee Loans
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Low FICO (credit
scores)
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No FICO (credit
scores) required
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Construction Loans
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Lot Loans
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Community
Redevelopment Loans
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Condos
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High-Rise Condos
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Loans with No
Seasoning Required
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Portfolio Loans
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Loans to $5,000,000
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Modular Home Loans
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Rural Properties
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High Debt Ratios
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Buyout of Chapter 13
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Loans to Foreign
Nationals
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Loans to Foreign
Nationals without Green Card or Social Security Number
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Apartment Loans
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Commercial Loans
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Mixed Use Properties
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