Website: https://www.gmacbankcorrespondent.com

Account Executive and Contact Information

Debbie Parker, Wholesale Account Executive/Florida
Cell: 813-610-9096
Email Address: Debbie.Parker@ally.com
Website: https://www.gmacbankcorrespondent.com

Benefits of Doing business with GMAC

Conventional Loans to include:

     –   Terms of 8 years to 40 yrs.
     –   DU with a minimum credit score of 620, max dti of 50%
     –   95% LTV purchase on a primary home, sfr with MI
     –   95% LTV with LPMI or regular MI primary home, sfr
     –   90% LTV 2nd homes with MI (sfr only)
     –   Investment property c/out up to 80% depending on property type (no condos) 620 min. score
     –   DU Refi Plus- no minimum credit score or max dti- DU determines (no mtg lates allowed past 24 mths). Max LTV is 105% , unlimited CLTV- PIW’s allowed on primary homes only and we allow o/o, 2nd home and investments on this program, hits are capped at 1.75% on NOO, and as low as .25% and .50% on o/o occupied homes no higher<
     –   EA-1, EA-II and EA-III approvals are allowed with restrictions.
     –   No credit overlays
     –   VA and FHA- no limit on dti- DU determines with an approve-eligible
     –   HomePath Purchases- NO MI, NO appraisal- offered on o/o, 2nd homes and investor (no condos).
     –   EA-I approvals for owner occupied homes.