Non-Prime Jumbo Program Loan Amount – $3,500,000
600 Credit Score Jumbo Mortgage Program, designed to provide accessible financing solutions for discerning investors. With loan amounts up to $3,500,000, our Alt Doc Super Jumbo program offers competitive terms.
Alt Doc Super Jumbo – 90% LTV
Loan-to-Value (LTV) ratio. Eligible property types include Single Family Residences and Condos with less than 4 stories. Our terms offer Adjustable Rate Mortgages (ARMs) for better pricing. Purchasing to 80% LTV or cash-out refinancing at 75% LTV, our 600 Credit Score Jumbo Mortgage Program provides accessible financing options.
Eligible Property Types: – Single Family Residence – Condo – Less than 4 Stories
Occupancy: Owner Occupied
Terms Available:
* ARM’s: 5/1 year and 7/1 year
* Income Documentation: Full Doc only
* Purchase to 80% LTV | Cash Out – 75% LTV
Credit Scores (mortgage credit scores) 580 minimum.
Credit Criteria:
Tradeline Requirements:
* 2 Tradelines 24 Months Seasoned
* 1 Tradeline Seasoned 12 with a Minimum of $3,000 High Credit Limit Credit
Underwriting Notes:
All Installment Loans must be Current and in Good Standing
Credit Card and Revolving Accounts must be Current and in Good Standing
Bankruptcy, Foreclosure and Short Sales need 6 months Seasoning. (Exceptions can be made with compensating factors)
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.