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Austin/San Antonio / Account Manager / Gretchen Rossington / NMLS #555982 / 512.484.1860
Dallas/Fort Worth / Senior Account Manager / Karen Drewek / NMLS #1006967 / 972.786.6500
Houston / Account Manager / Mark Alan Bunting / NMLS #951243 / 832.266.8290
Rates Effective April 27, 2015
TEXAS PURCHASE MONEY/REFINANCE SECOND LIENS
95%* CLTV or Less - 15-Year Term
*Max CLTV = 95.00% minus $50.00
$10,000 to $75,000
90%* CLTV or Less - 15-Year Term
*Max CLTV = 90.00% minus $50.00
$10,000 to $250,000
80% CLTV or Less - 15-Year Term
$10,000 to $350,000
70% CLTV or Less - 15-Year Term
$10,000 to $600,000
750+
749-725
724-700
6.125%
6.250%
N/A
750+
749-725
724-700
4.625%
5.250%
5.625%
750+
749-725
724-700
4.500%
5.125%
5.500%
750+
749-725
724-700
4.375%
5.000%
5.375%
Jumbo Properties - Values $750,000-to-$2.5 Million have reduced CLTV’s - Call your Account Manager for details!
Primary Residence Only  700+ Mid Score (All Wage Earners)  Max DTI 40%  Minimum Disposable income of $7,000 per month
Values >$750,000-to-$1M, 85% CLTV or Less with Loan amounts up to $350,000  Values >$1M-to-$2.5M, 75% CLTV or Less with Loan amounts up to $600,000
Cadence Bank orders Appraisal & Title on loan amounts >$250,000  Borrowers must have excellent cash reserves and net worth
95% CLTV (minus $50) - $75,000 Maximum Loan Amount
725+ Mid Score (all wage earners)  Max DTI 40%, Listing Agreements/Rental Leases not accepted to offset current housing  No gift funds No escrow holdbacks
3 months PITI liquid reserves required on subject plus all properties owned Loan amounts >$50,000, 6 months PITI liquid reserves required on subject plus all
properties owned  2 years with same employer or in same industry (no gaps) Self Employed Borrowers; 3 years in business with 2 years tax returns w/ all
schedules including K-1’s Relocating Self Employed Borrowers / Non-Permanent Aliens not eligible  Eligible Properties: SFDs, Townhomes, PUDs
FTHB’s/Early Professionals are eligible with 750+ Mid Score (all wage earners); Min 6 months PITI liquid reserves; Terms up to 180 months
Rate Adjustments
5 Years
10 Years
- .50%
- .25%
20 Years
30/15 Balloon
2nd
Not available for 95% FTHB’s
Must qualify on 15Year payment
Not available for 95% FTHB’s
Homes
.25%
.25%
1.00%
Warrantable
Condos
< 7- stories
.50%
Cadence Fees
Cadence Bank does not pay compensation of
any kind on referrals.
Good Faith Estimate
Cadence Bank sends Second Lien Good Faith
Estimate on all approved loans.
Acceptable Properties
Reserve Requirements
First-Time Home Buyers
FTHB’s with 750+ mid scores are eligible
for up to $75,000 maximum loan amount!
$399.00 Administrative Fee
$ 11.00 Flood Certificate
$150.00 Escrow Fee to Title Co.
$ 30.00 Courier Fee to Title Co.
$ 75.00 Recording Fee
$ 6.00 E-Doc Fee
$150.00 Title Policy**
(**on loan amounts >$250,000)
1 point collected on short term loans
Call your Account Manager for details.
SFDs, PUDs, Low/Mid-Rise Warrantable Condos < 7 Stories, Townhomes, Duplexes, Rural Properties***
90% Max CLTV (minus $50); 3 months PITI liquid reserves required on Subject Property
95% Max CLTV (minus $50); <$50,000 - 3 months PITI liquid reserves required on all properties owned + Subject Property
95% Max CLTV (minus $50); >$50,001 - 6 months PITI liquid reserves required on all properties owned + Subject Property
95% Max CLTV (minus $50); FTHB’s - 6 months PITI liquid reserves required on all properties owned + Subject Property
90% Max CLTV(minus $50); 750+ mid score (all wage earners); Loan amounts up to $75,000; 3 months PITI liquid reserves
90% Max CLTV(minus $50); 700-749 mid score (all wage earners); Loan amounts up to $45,000; 3 months PITI liquid reserves
95% Max CLTV(minus $50); 750+ mid score (all wage earners); Loan amounts up to $75,000; 6 months PITI liquid reserves; terms to up
180 months Max DTI 40% Primary Residence; US Citizens, Permanent Resident Aliens
Eligible Properties: SFDs, Low/Mid Rise Warrantable Condos < 7 Stories, PUDs  No Rural or Duplex Properties allowed
Credit History: No delinquency in past 24-Months, Minimum 5 trade-lines with satisfactory 12-Month history
Salaried: 24-Month history same employer or 12-Months history same employer with earned degree (no gaps)
Qualifying Professions: Doctors, Dentists, CPAs, Attorneys, Architects, Engineers, PhD Level Professors
Early Professional Buyers
FTHB’s with 750+ mid scores are eligible
for up to $250,000 maximum loan amount with
Qualifying professions!
90% Max CLTV(minus $50); 750+ mid score (all wage earners); Loan amounts up to $250,000; 3 months PITI reserves on Subject Property
95% Max CLTV(minus $50); 750+ mid score (all wage earners); Loans <$50K; 3 months PITI liquid reserves; Loans >$50K-$75K; 6 months
PITI liquid reserves Max DTI 40%; Primary Residence only; US Citizens, Permanent Resident Aliens
Eligible Properties: SFDs, Low/Mid Rise Warrantable Condos < 7 Stories, PUDs  No Rural or Duplex Properties allowed
Credit History: No delinquency in past 24 months, Minimum 5 tradelines with satisfactory 12 month history
Salaried: 24 month history same employer or 12 months history same employer with earned degree (no gaps)
Debt to Income Requirements
90% Max CLTV (minus $50); 700+ mid score (all wage earners); Loan amounts up to $250,000; 12 months PITI liquid reserves on subject
property  Max DTI 40%  Add 1.00% to rate  Texas Residents w/homestead purchasing 2nd Home in Texas Vacation/Resort Locations
Eligible properties: SFDs, Low/Mid-Rise Warrantable Condos < 7 Stories, Townhomes, Duplexes, Attached/Detached PUDs
90% Max CLTV (minus $50); 700+ Mid Score (all wage earners); Loan amounts up to $35,000; 3months PITI reserves on subject property
Max DTI 40% and Other restrictions may apply. Please call your Account Manager for details!
90% Max CLTV (minus $50); 700+ Mid Score (all wage earners); 3 months PITI liquid reserves on subject property
Up to 10 Acres Max  No Ag exemptions.
Max 43% - Contact your Account Manager regarding 2nd Liens submitted with DU/LP findings with DTI’s greater than 43%
Max 40% - 95% CLTV (minus $50), Properties greater than $750,000, 2nd Homes, FTHB’s, Early Professionals, NPRAs
Employment
2-Years consistent employment with same employer or in same industry with NO job gaps greater than 3 months
Refinance
Property off the market a minimum of 6 months  Full appraisals required  12 months seasoning requirement to use appraised value on
all rate & term refinances. 12 months or less, use the lesser of appraised value or purchase price.
nd
2
Homes
Maximum loan amounts up to $250,000
Non-Permanent Resident Aliens
***Rural Properties
Foreclosures
Escrow Holdbacks
Requirements: Title policy & Full appraisal required. No HUD Foreclosures.
Up to $75,000, Subject to Loan Underwriter’s review - Contact your Account Manager for details!
Certain restrictions apply. Rates, programs, guidelines subject to change without notice or at underwriter’s discretion. This material is informational in nature and has
been distributed to business entities. It is not intended to be distributed to or used by consumers. Cadence Bank NMLS ID# 525022