96.5% LTV with 630 Credit Score
Purchase and Rate and Term Refinance Only. No Cash Out
55% Maximum Debt Ratio DTI
* Owner Occupied Only
Property Types: SFR, Condos (<4 Stories), 4 Units
Assets: 2 Months Reserves required
Eligible Borrowers:
* Military Personnel
* Permanent Resident Aliens
* Non-Permanent Resident Aliens
Credit Notes:
* Need a minimum of two tradelines with a 24-month history
* Bankruptcy requires 2 years seasoning
* Foreclosure requires 3 years seasoning
* Mortgage or rent history, no 30-day lates for the last 12 months
* Installment Loans and Revolving Accounts, no 30-day lates for last 12 months
* No open judgments for the last 24 months
* No Tax liens for previous 12 months
* Medical Collections and Charge-offs OK
* No Car repossessions in previous 24 months
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Reference# 784528091614841