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Freedom Flex – A New 95% LTV/CLTV Cash-Out Solution (with NO MI)
Each DealDesk webinar is product focused, 30 minutes and only featuring lenders that can offer originators unique and/or proprietary loan programs. This is an opportunity to discover how other successful originators use the features of these products to put more borrowers in loans in addition to being able to ask your own questions. 
Submit your questions, ask them live or eavesdrop on what other attendees are asking. 

THU, APR 11, 2019

@ 2:00 PM - 02:30 PM EDT

Jill Andonian

Account Executive
Freedom Mortgage Wholesale

Freedom Mortgage Wholesale

Join Jill Andonian from Freedom Mortgage Wholesale for a 30-minute session on on their Freedom Flex – A New 95% LTV/CLTV Cash-Out Solution (with NO MI) product. 
Looking for a game-changing product designed to help you serve more borrowers while differentiating yourself from the competition? Freedom Flex is a new 95% LTV/CLTV Cash-Out (with NO MI) product. You’ll quickly appreciate the “hybrid” nature of the product that follows conventional product selection/loan processing requirements with FHA credit guideline features.
Product highlights
  •  95% LTV/CLTV Cash-Out (with NO MI) with a credit score of 640 or above for 1-4 unit owner-occupied primary residences only*
  •  Manually underwritten - as a Non-Conforming / Non-QM product, an AUS will not be required.
  • Although not an FHA product, FHA TOTAL Scorecard** income, credit, liabilities and asset guidelines will be utilized.
  •  Agency PUDs and FHA Condos (HRAP approved) eligible
  •  Fixed-rate only - 10-30 Year Terms (in 5 Year Increments)
  •  Loan Limits – Minimum $100,000 up to HUD Maximum
  •  HUD-determined low and high cost loan limits apply
  •  50% DTI (front and back end ratio)
  •  No Mortgage Insurance Required
  •  No Reserves for 1-2 units, 3 months reserves for 3-4 units
  •  Appraisal requirements and collateral review follow Fannie Mae guidelines
  •  Available with Lender or Borrower-Paid Compensation
*Not available in New York and Texas
**Per HUD Handbook 4000.1 II Section 4 (TOTAL)
Pricing and product guidelines are subject to change or may be discontinued at any time.
Freedom Mortgage Corporation is a mortgage lender licensed in all 50 states.
NMLS# 2767 ( Corporate office located at 907 Pleasant Valley Ave, Suite 3 Mount Laurel, NJ,
08054, 800-220-3333. Please visit our website at  for our complete list of state licenses.
This communication is sent only by Freedom Mortgage Corporation and is not intended to imply that any of our loan products will be
offered by or in conjunction with HUD, FHA, VA, the U.S. government or any federal, state or local governmental body. This is a
business -to-business communication and is not an advertisement to, or solicitation of, a consumer. This information is intended for
use by mortgage brokers and other industry professionals. Equal Housing Opportunity.
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