For borrowers with excellent credit, stable income & employment history; loan amounts exceed Agency max.

 

PRODUCT FEATURES

  • 15/20/30 year Fixed

  • 5/1, 7/1 and 10/1 ARMs

  • QM Product

  • Purchase, Rate/Term Refi and Cash Out Refi 

 

RESIDENCES

PRIMARY RESIDENCE

  • Max LTV/CLTV: 80

  • Min FICO: 700

  • Max Loan Amt: $2.5MM

  • Max DTI: 43%

SECOND HOME

  • Max LTV/CLTV: 75

  • Min FICO: 700

  • Max Loan Amt: $2MM

  • Max DTI: 40% 

 
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TARGET BORROWER

  • First Time Home Buyer

  • Permanent Resident Aliens

  • Non-Permanent Resident Aliens

  • Inter-Vivos Revocable Trusts 

 

FINANCIALS

  • Credit events: None allowed in last 7 years

  • Reserves: min 6 months