Criteria

Below are some basic guidelines for loans provided by The Westmoore Group:

• Borrower must have a stable employment profile.
• Targeted debt-to-income ratio of 45% or less (based on a 30 year amortization schedule).
• All income must be verifiable and documented.
• Loans to investors will be considered on a case by case basis.

Due Diligence

Borrower:

• Application Verification
• Credit Check
• Copy of Driver's License
• Tax Returns and W2
• Evidence of Current Rent or Mortgage Payment
• Verification of Employment
• Employer Pay Stubs
• Copy of 401K, IRA or Investment Advisor Statements
• Copy of Bank Statements
• Copy of Credit Card Statements and proof of payment
• Copy of Additional Loan Statements (i.e. Auto Loans, Student Loans) and proof of payment
• 4506 - T Tax Verification

Third Party Reports:

• Appraisal Report
• Flood (if necessary)

Lender Protection:

• Lender's Title Insurance
• Loan Documentation
• Real Estate Tax Escrow
• Insurance Escrow