Condo Mortgage Program 90% LTV to $2,500,000

Verbal Verification Of Employment Options Available (VVOE)

Expanded Guidelines Options for Non-Traditional Condominium Property Types

Purpose: Purchase, Refinance Cash Out

  • 90% LTV - $2,000,000 - 700 Credit Score
  • 90% LTV - $1,500,000 - 680 Credit Score
  • 90% LTV - $3,000,000 - 700 Credit Score
  • 85% LTV - $2,500,000 - 660 Credit Score
  • 85% LTV - $1,500,000 - 640 Credit Score

Cash Out Available

First-Time-Home-Buyer OK - 2 Million Maximum Loan Amount

40 Year Fixed Rate - Interest-Only Option with 660 Middle Credit Score

Inherited Properties - OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out "Using Market Value"

Delayed Financing - OK

Eligible Property Types & Occupancies: Primary Residence, Second Homes - SFR Only, Non-Owner-Occupied / Investment - SFR Only. Non-Warrantable Condos and Condotels OK

Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

Power of Attorney OK for Purchase and Rate and Term Refinance

Non Occupant Co-Borrower's OK

Vesing LLC OK

Gaps in Employment OK Case-by-Case

 

States: 

 

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Florida | Georgia | Hawaii | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | North Carolina | Oregon | Pennsylvania | South Carolina | Tennessee | Texas | Utah | Vermont | Virginia | Washington