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Description: |
Apex Funding, Inc. (AFI) is a specialty
finance company that originates
purchases and sells mortgages secured by
SFR, PUDs, Condos, Units and more.
Corporate headquarters based out of
Aliso Viejo CA. AFI is a proven
non-prime lender, which offers a full
spectrum of loan products to suit any
borrower’s needs.
Product Highlights
Traditional Program Highlights (Subprime)
* 50/30, 40/30, 2/28, 3/27, 5/25, 30 &
15 Year Fixed
* Interest Only
* Minimum 500 fico score for Full Doc
* Minimum 560 fico score for Stated
* Up to 95% LTV
* No minimum length on Self Employment
for LTV’s < 80%
Summit Program Highlights (ALT-A)
* 100% Conforming No MI (660 Full-Doc,
700 Stated, $417k Max)
* Flex-Pay Option ARM up to 90% -
available on 3/1, 5/1 & 7/1
* 3/1, 5/1, 7/1 and 10/1 LIBOR ARMs
* 15-yr and 30-yr Fixed Rate
* 10-yr Interest Only on 3/1, 5/1, 7/1,
10/1 and 30-yr Fixed
* 40-yr am’s (Balloon payment due after
30 years) on 3/1 & 5/1
* SFR, PUD, Low/High Rise, 2-4 Units
* Purchase, Rate & Term and Cash Out
Refinances
* Primary, Second Home, and Investment
Properties
* No Ratio up to 95% LTV with a minimum
680
* NINA & No Doc up to 90% LTV with a
minimum 680
Alpine Program Highlights (ALT-A)
* 5/25 Hybrid Pay Option ARM
* 100% - 80/20 Full-Doc purchase /cash
out
* 95% - 80/15 Stated purchase /cash out
* 2/6, 3/6, 5/6 and 7/6 LIBOR ARMs
* 15 and 30 year Fixed Rate
* 10-year Interest Only on 2/6, 3/6,
5/6, 7/6 and 30-year Fixed
* SFR, PUD, Low/High Rise, 2-4 Units
* Purchase, Rate & Term and Cash Out
Refinances
* Primary, Second Home, and Investment
Properties |
