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Mortgage!
Rates
– Prime
Rates
– Subprime
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Below is a
comprehensive listing of our sub-prime interest
rates. CB Investments may be able to qualify you for home lending even if you
do not have a perfect credit history. Our sub-prime
services can aid you on the path to owning a home.
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Rates
as of February 28, 2008
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CREDIT
RATING (PAPER)
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LOAN PROGRAMS
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A
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A-
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B
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C
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C-
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2-Year Fixed*
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9.125%
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9.375%
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9.875%
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10.375%
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10.625%
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3-Year Fixed*
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9.375%
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9.625%
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10.125%
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10.625%
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10.875%
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30-Year Fixed/ARM
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9.625%
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9.875%
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10.375%
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10.875%
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11.125%
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2nd Trust Deeds/Equity
Lines**
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call
for
quote
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Explanation
of Credit Ratings
| KEY |
DEFINITION |
| O/O |
Owner Occupied,
owner lives in subject property. |
| NO/O |
Non-Owner
Occupied, owner rents, 2nd home, etc. |
| 1×30 |
Borrower
late 30-days 1 time (4×30 = 30-days 4 times, etc…) |
| 1×60 |
Borrower
late 60-days 1 time (2×60 = 60-days 2 times, etc…) |
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A
Credit Rating ("A" Paper)
1×30 (0x30 @ 100% LTV)
EXCELLENT Credit
45-55% Debt Ratio
O/O=90%, NO/O=80% O/O=100% (30-Yr Fixed)
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1×30 within the last 12 months acceptable.
Excellent consumer credit otherwise.
Debt ratio at 45-55% of gross monthly income.
O/O: Borrower’s down payment is at least 10%, (0% for 30
year fixed).
NO/O:
Borrower down payment is 20%.
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A- Credit Rating
2×30 (1×30 @ 100% LTV)
GOOD Credit
45-55% Debt Ratio
O/O=90%, NO/O=75% O/O=100% (30-Yr Fixed)
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Similar to Explanation
Above.
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B
Credit Rating
4×30 or 2×30+1×60
SATISFACTORY Credit
50-55% Debt Ratio
O/O=85%, NO/O=75%
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4×30 or (2×30 and 1×60) within the last 12 months
acceptable.
Satisfactory consumer credit otherwise.
Debt ratio at 50-55% of gross monthly income.
O/O: Borrower’s down payment is at least 15%.
NO/O: Borrower down payment is
25%.
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C
Credit Rating
12×30 or 3×30+1×60 or 2×60+1×90
FAIR Credit
55% Debt Ratio
O/O=80%, NO/O=65%
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Similar to Explanation
Above.
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C- Credit Rating
Foreclosure/Bankruptcy
POOR Credit
O/O 70%, NO/O=65%
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Current foreclosure,
bankruptcy considered.
Poor consumer credit ok.
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*These programs are fixed over the original
period (2 or 3 years) and then convert to an adjustable rate mortgage
(ARM).
**CB Investments offers a wide array of 2nd
trust deeds and equity lines. Pricing on these products vary greatly,
depending primarily on your credit scores and loan-to-value (LTV) ratio
NOTES:
The above loan programs and interest rates are for 1-4 unit dwellings,
whereby the borrower pays closing costs. These rates are for subprime borrowers, where the borrower has had some
credit problems. For a detailed explanation of closing costs, please click HERE.
If you are interested in multi-unit housing
(more than 4 units) or commercial loan pricing, please click HERE and a CB Investments representative will contact
you within 24 hours.
The above pricing matrix is updated
periodically and is thus, a pricing estimate. CB Investments is not making
any formal representation or commitment through the release of this
information. If you wish CB Investments to furnish a formal commitment,
please contact us with the specific information pertaining to your loan.
| Home | | Rates – Prime | | Rates Sub-Prime | | Obtain
Credit Report | | Apply for a Loan | | Real Estate Sales |
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Costs | | Market
Commentary |
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Us | | About Us | | 15 Day Mortgage! |
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Please feel
free to contact us anytime:
CB Investments, Inc.
CALIFORNIA
2400 W. Coast Highway, Suite #N, Newport Beach, 92663
Ph. (949) 631-7480 Fax (949) 631-5614
Licensed by the
California Department of Real Estate, License #01157253
COLORADO
927 CR 207, Durango 81301
Ph. (888) 510-1555
Licensed by the Colorado Secretary of State, ID#20061068089
FLORIDA
2205 Robinson Avenue, Sarasota 34232
Ph. (888) 510-1555
Licensed by the Florida Department of Financial Services, License
#367028
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