Asset Depletion Jumbo Loan
Self Employed and W-2 Wage Earner Co-Borrower
~ 660 Mortgage Credit Score – 80% LTV to 2 million
~ 640 Mortgage Credit Score – 75% LTV to 2 million
Income Documentation Alternative-| Forms 4506-T and 4506-C Not Required
Credit Notes:
* 2 years seasoning required from bankruptcy discharge date.
* 2 years seasoning required for short sales and foreclosures,
Purpose: Purchase, Refinance
Cash Out Refinance – $1,500,000 Maximum Cash Out
Property Types:
* Single Family Residence SFR
Occupancies:
* Owner Occupied
* Second / Vacation Home – 80% Maximum LTV
Debt to Income ratio:
43% maximum DTI
Available in the Following States:
Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Washington.