Fannie Mae, Freddie Mac, Harp, Harp 2.0, Harp 2

1. Think You Know
Fannie and Freddie?
Think Again!
We will show you how to use
Fannie and Freddie to help you
expand your business, create
new marketing strategies and
close more loans.

2. 12 Programs to help expand your business
We will show you how to use
each program to:
• Create new marketing
strategies
• Find new referral partners
• Educate your realtors with
new products and strategies
• Qualify files you have
previously passed on
• Re-energize your business

3. Program 1: Qualify Your Self Employed
Borrowers with only 1 Yr Tax Return
• Use the most recent year filed to qualify with
streamline accept through Freddie
• 1099 and Schedule C borrowers can qualify
for this program
• HUGE opportunity for self employed
borrowers with higher income for most
recent tax year
• Market all Self Employed Borrowers who are
looking to Purchase or Refinance
• Solicit Accountants and Financial Planners

4. 2: Use Retirement Assets to Qualify as Income.
Limited to 70% LTV. Used for Purchase & Rate and Term Refi’s
This product was created with the Baby Boomer in mind about 2
yrs ago
Take 70% of the asset balance and divide it by 360 months. For
example: Balance is $750k x 70% is $525k divided by 360 months
= $1,458 you can use per month to help qualify

5. 2: Use Retirement Assets to Qualify as income.
This is a great product for the
purchase of 2nd homes and
investment properties
Qualify more rate and term
refinances
The borrower does not need to have
scheduled withdrawals
The borrower does not need to take
any scheduled withdrawals

6. 3: Non-Occupying Co-Borrower on a
Conventional loan.
Qualify your conventional loan with
a non-occupying co-borrower
Any property type allowed (1-4
Units)
Any loan type allowed (Purchase,
rate and term and cash out refi)
No special ratio between borrower
and non occ co-borrower required
Educate your realtors on this
product

7. 4: Lender Paid MI At 95% LTV With A 620
Credit Score
• We do Lender Paid MI up to 95%
LTV down to 620 Credit Score
• Better option than FHA, there is
no up front MIP and no monthly
MIP
• Monthly borrower paid MI is still
better because there is no up
front MIP and the MI will fall off
at 78% LTV
• FHA monthly MIP is for the life of
the loan as of 6/1/2013
• Educate your Realtors

8. 5: Unlimited HARP 2.0 With Freddie
Unlimited LTV no matter the property or occupancy type (ex.
600% LTV on a NOO Condo is ok)
No Max DTI (if the findings like your file your DTI can be
1000% and you will get the approval)
No Minimum Credit Score!!!
We Accept Appraisal Transfers and Accept MI Transfers as
well
$5,000 is the max closing cost to be financed

9. 5: Unlimited HARP 2.0 With Fannie
• Unlimited LTV no matter the property or
occupancy type (ex. 600% LTV on a NOO
Condo is ok)
• Max DTI DU will allow is 65%.
• No Minimum Credit Score!!!
• We Accept Appraisal Transfers and Accept MI
Transfers as Well
• Finance all the closing costs in the loan

10. 6: Delayed Financing
• No seasoning on a cash-out
refinance where the borrower
just purchased the property
• Borrower must use all their
own funds and the funds are
seasoned for 60 days
• This is a great product for the
true investor with his own
funds
• Allows the investors cash flow
to grow
• Educate your realtors!

11. 7: Get cash-out with house still on the
market
No seasoning with properties just listed for sale. We will close
with the house still listed
Refinance one house to buy another while you wait to close
For example this a good loan for the family that tried to close and
sell their home before school started and are now decided to stay
and want to refi to either cash out or lower the rate

12. 8: No Landlord history required on Conventional
loans
• Use rental income
from the appraisal
to qualify your
borrower, do not
need to see the 2
year rental history.
• Qualify more
conventional
loans.
• Educate your
Realtors!

13. 9: Condo Spot Approvals
We do Condo Spot
Approvals
Qualify more borrowers
who want to live in a
complex that is not
Fannie or Freddie
approved or expired
Educate your Realtors!

14. 10: 620 Minimum Credit Score Conventional
• 1-4 unit property
• Primary , 2nd
Home or
Investment
• Cash-out,
Rate/Term
Refinance and
Purchase
• We can get
Mortgage
Insurance
• Educate your
Realtors

15. 11: 620 Minimum Credit Score High Balance/
Super Conforming
• 1-4 unit
• Primary Residence, 2nd Home or Investment
• Cash-out, Rate & Term & Purchase
• We can get Mortgage Insurance
• Educate your Realtors!

16. 620 Minimum Credit Score FHA
We have our Ginnie Mae Approval
We have a common sense approach to Underwriting
Loans that make sense and are strong but have one or two things
that are keeping it from getting an approval that was due to an
extenuating circumstance or a one off instance. We want to hear
about that loan. Please call your AE and explain the loan to them
and they will let you know if we can do the loan for you.

17. In Conclusion
• We hope this gave you new ideas that will help
you grow your business
• Contact us at any time with questions and we will
be more than happy to help
• The place you will find everything you need to
know about United Mortgage Corp from how to
submit a file to the guidelines for all 3 agencies,
Fannie, Freddie and Ginnie is:
www.MortgageBrokerSupport.com
• Thank you and we look forward to working with
you!