Mortgages for borrowers with a recent credit event or looking to re-enter the housing market

 

PRODUCT FEATURES

  • 30 year Fixed
  • 5/1, 7/1 ARM
  • Generally QM, all ATR compliant
  • Loan Amounts: $100M to $2MM
  • non-warrantable condo allowed 
 

RESIDENCES

PRIMARY RESIDENCE

  • Max LTV/CLTV: 85
  • Min FICO: 600
  • Max Loan Amt: $2MM

SECOND HOME

  • Max LTV/CLTV: 75
  • Min FICO: 600
  • Max Loan Amt: $1MM
 

TARGET BORROWER

  • Min FICO: 600
  • Max DTI: 50%*

Eligible: US Citizens, Perm and Non Perm Resident Aliens, Non-Occupant Co-Borrowers, Inter-Vivos Revocable Trusts, LP/GP/Corps/LLC

 

FINANCIALS

  • Personal and business bank statements
  • Recent housing delinquencies, FC/SS/DIL & BK allowed
  • Reserves: min 3 months