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