Alt-Doc Mortgage Program | Forms 4506-T and 4506-C Not Required
** 90% LTV (loan-to-value) Financing
** $1,500,000 – Maximum Loan Amount:
** $3,500,000 – Maximum Loan Amount:
** 6 Month Reserve Requirement for primary residence + 3months for Each additional property owned (and financed)
Residual Income Requirement: / DTI
* DTI Less Than 35% – $3000 Monthly Residual Income
* DTI Greater Than 35% – $4000 Monthly Residual Income
Property Types:
* SFR Single Family Residence
* PUD Planned Urban Development
* Condo
* Non-Warrantable
Debt-to-Income DTI – 50% with 680 Credit Score to 80% LTV
* Interest Only payment Available – 680 Credit Score
Gift Funds
* 100% financing available with 20% gift
Underwriting Notes:
* Super Jumbo Loan Amounts require a second appraisal
Credit Notes:
* 0 30 Day Mortgage Lates – 12 Month History
* 25 Maximum Properties Owned:
* Investment Property or Second Home – 10 Maximum unless LTV
* Less than 75%, LTV, No Limit
Available in the Following States:
Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.
Reference # 214 554488