From Patrenia at Wells Fargo:

We offer a wide variety of products at Wells Fargo.

Full Documentation:
* Up to 95% cash out with 6 months seasoning (use new appraised value)
* We pay a FREE POINT for a full package (up to 2K)
* Up to 3 points in YSP allowed
* No minimum trade line requirement up to 95%
* 12 months bank statements (personal or business)are considered full doc (no adjustment to the rate)
* Quick and easy grading (mortgage history, credit score, BK/FC)
* Loan amounts up to 950K depending on LTV
* Private VOM and VOR accepted
* Escrow/impounds for taxes & insurance available at no charge
* Rolling 30's and 60's allowed (ratio 6:1)
* Up to 55% DTI
* Up to 100% for purchases & rate/term refinances
* NO PMI on any of our loans
* No sourcing/seasoning required on downpayment funds for ALL credit levels
* Bond for deed/land contracts can be recorded or unrecorded.

Mortgage Express: Our Stated, No Doc and No Ratio loans are grouped under the umbrella of Mortgage Express.

* Up to 95% cash out (Owner Occupied, stated and No ratio)
* Up to 90% purchase & rate/term - NON OWNER OCCUPIED (Stated & No Ratio....SFR, Condo, 2-4units)
* NO SEASONING required for cash out up to 95% (use new appraised value)
* 620 minimum fico score required
* NO PMI
* up to 50% DTI

****INTEREST ONLY WILL BE AVAILABLE MID-MAY 2005. It will be available for all full doc borrowers (excluding bank statements) with a 580 min credit score. Call me for more information!

I am an account executive within internal sales. I am available by phone/fax/e-mail for any rate quotes or scenarios.

"Expect Great Service"
Patrenia Spears
Account Executive
Direct 866-387-0539 x4198
patrenia.spears@wellsfargo.com