View this email as a Web page. Borrowers Do NOT Need to Have Current Property Sold Prior to Purchase of Short Sale or Foreclosed Property `pmName` `pmPhone` `pmEmail` If the borrowers have not sold their primary residence prior to the closing of the new loan with Consumer Finance, underwriting will require the following: 1. A minimum six (6) months PITI reserves will be required for the new subject property, in addition to any cash to close 2. The borrowers must DTI qualify with BOTH mortgage payments under our maximum DTI parameters 3. The borrowers' current residence cannot be financed through any U.S. Bancorp channel LEARN MORE: U.S. BANK WHOLESALE MORTGAGE Contact your Account Executive for more information on this and all of our products today! `pmPhone` usbank.com/brokerloans user id: wholesale password: quality This e-mail is not a Consumer Credit Advertisement and is intended for Mortgage Professionals use only. This information is provided to assist Mortgage Professionals and is not a consumer credit advertisement as defined by Regulation Z. If you would like to obtain information about U.S. Bank products and services, please call 800-USBANKS or visit usbank.com. To ensure that you continue to receive email from us, please add us to your Address Book (1800USBanks@usbank-email.com). Thank you. You are receiving this email as a courtesy from U.S. Bank. Please know that you can modify your preferences or be removed from our mailing list at any time. View the U.S. Bank Privacy Pledge. We will never send you an email asking for personal information. Learn more at usbank.com. U.S. Bank • EP-MN-L20D • 200 South 6th Street • Minneapolis, MN 55402 © 2011 U.S. Bank, N.A., Member FDIC. All rights reserved.   Equal Housing Lender