Products

Product Programs & Highlights


CONVENTIONAL
Your job isn’t finished by finding the lowest rate for your borrower. The flexibility and expertise in Western Bancorp’s Agency guidelines and our willingness to walk you through the most complex transaction is our mission.

Fannie Premium
  • Industry Leader in price
  • DTI Determined by DU
  • 97% LTV on purchase loans
  • Property Inspection Waivers
  • 30 day close eligible
  • Multiple Financed Properties with no overlays
Fannie Direct
  • Minimal Overlays
  • 97% LTV on purchase loans
  • Manufactured homes eligible
  • No restrictions to acreage
  • Property Inspection Waivers
  • Manual Underwriting
  • 30 day close eligible
  • Multiple Financed Properties with no overlays
Freddie Premium
  • Up to 95% LTV on FRM and ARM purchase loans
  • Close in less than 30 days
  • DTI determined to LP
  • Hobby farms eligible
  • No overlays on Super Conforming
  • Multiple Financed Properties with no overlays
HiBAL AnywhereSM
  • Loan Amounts to $1.00 over county limits
  • High Balance loan limits accessible in any of our markets, even non-agency high balance markets
  • 43% max DTI
  • Payoff seasoned HELOC as rate & term
  • Pay off of revolving debt permitted
  • Permanent resident aliens permitted

JUMBO
Your customer has worked long and hard to reach their financial goals. When you partner with Western Bancorp, your Jumbo client will be able to take advantage of delegated jumbo underwriting up to $2,000,000. Delegated underwriting shaves off precious days in underwriting, enabling a jumbo purchase transaction to close in 30 days.

Jumbo 1
  • Loan amounts from $453,101 to $2M
  • 40% max DTI
  • Use credit report for HELOC payment
  • Paying off revolving debt permitted
  • Gift funds permitted
  • Close in less than 30 days
  • TBD underwrite
  • “Prior Approval” never required‐Delegated Underwriting by Western Bancorp
  • Permanent Resident Aliens permitted
Jumbo 2
  • Loan amounts from $453,101 to $2M
  • 43% max DTI
  • Paying off revolving debt permitted
  • Gift funds permitted
  • Close in less than 30 days
  • TBD underwrite
  • “Prior Approval” never required‐Delegated Underwriting by WesternBancorp
  • Perm and Non‐Perm Residents Eligible





Jumbo 3
  • High Balance Loan Limit + $1.00
  • 43% max DTI
  • Gift funds permitted
  • $1M Max. loan amount for first time homebuyer
  • If >30% equity, 75% gross rents permitted
Jumbo 4
  • Loan amount from $453,101 to $2M
  • 43% max DTI
  • BK, Short Sale, Foreclosure allowed
  • First Time Homebuyers are permitted with NO overlays
  • If >25% Equity 75% gross rents permitted
  • Unlimited cash out for ≤50% LTV/HCLTV
  • Gift funds permitted
  • TBD underwrite

GOVERNMENT
When life happens or your borrower just needs a little extra flexibility, over 30 years of underwriting experience and the expertise that Western
Bancorp offers, will surely win you a customer for life.

FHA Standard
  • Industry Leader Pricing
  • TBD Underwriting
  • DTI up to 55% with DU Approval
  • 600 Min Fico for FRM
  • 620 Min Fico for ARM and HB
  • Credit Qualifying Streamlines
  • Manual Downgrades Allowed
FHA Preferred
  • Industry Leade Pricing
  • TBD Underwriting
  • DTI up to 55% with DU Approval
  • 580 Min Fico for CONF FRM & ARM
  • 640 Min Fico for HB
  • Credit & Non Credit Qualifying Streamlines
  • Manual Downgrades Allowed