Loan officers looking for a niche subprime product should checkout the ZOOM product from Mandalay Mortgage. Great for someone with no rental or mortgage history at all.

Zoom offers the following:

1. NO VOR or VOM!
2. full doc, lite doc, and stated up to 100%.
3. no source or seasoning of funds.
4. mortgage rating not considered! Up to 90 day lates.
5. no reserves.
6. interest only on all doc types.
7. 6% seller contribution allowed.
8. 1 day out of BK!
9. 1.25% adjustment for <2> YSP

If you send up a complete package and goto docs within 7 days, you get 1/2 off your rate as well.

For more information contact:

Mandalay Mortgage
Deborah Vick
Direct: 702-275-6703
Click for ZOOM Rate Sheet