For borrowers with excellent credit, stable income, employment history and only 10% down-payment. 

 

PRODUCT FEATURES

  • 30 year Fixed

  • No MI required

  • QM Product

 
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PRIMARY RESIDENCE

  • Max LTV/CLTV: 90

  • Max Loan Amt: $1.5MM

  • Property Type: SFR,

  • Condo, Townhouse, PUD 

 

TARGET BORROWER

  • Min FICO: 720

  • Max DTI: 43% (FTHB - 38%)

  • Eligible: U.S. Citizens, First Time Home Buyer, Permanent Resident Aliens, Inter-Vivos Revocable Trusts

 

FINANCIALS

  • Reserves: 12 months

  • Credit events: None allowed in last 7 years