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