For borrowers with a recent credit event or who don’t fit standard Jumbo and Agency Guidelines

 
 

PRODUCT FEATURES

  • Fixed: 30yr, 30yr IO, 40yr IO

  • ARM: 5/1, 7/1 (IO available on both) 40yr IO 

  • QM & NonQM, all ATR Compliant

  • Loan Amounts: $100M to $3MM

  • DTI up to 55%

  • Cash-out options up to $1MM

  • Non-warrantable condo, FTHB, Foreign Nationals, IO

  • Recent housing delinquencies, FC/SS/DIL & BK allowed

 

RESIDENCES

PRIMARY RESIDENCE

  • Max LTV/CLTV: 90%

  • Min FICO: 580

  • Max Loan Amt: $3MM

SECOND HOME

  • Max LTV/CLTV: 80%

  • Min FICO: 580

  • Max Loan Amt: $3MM 

INVESTOR RESIDENCE

  • Max LTV/CLTV: 80%

  • Min FICO: 580

  • Max Loan Amt: $3MM

 

FINANCIALS

  • Recent housing events, FC/SS/DIL, Default Mod, NOD, 120+ days delinquent & BK allowed

  • 12/24 mo Personal & Business bank statements

  • Personal and business bank statement options available

  • Asset utilization

  • Express Doc (1-Year Tax Return)

  • Reserves: minimum 3 months