12 Months and 24 Months Bank Statements Alt Doc Home Loan
700 Credit Score:
-
$1,500,000 Loan Amount | 4 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$2,000,000 Loan Amount | 6 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$2,500,000 Loan Amount | 6 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$3,000,000 Loan Amount | 9 Months Reserves
-
-
LTV 85% - Purchase
-
-
-
LTV 80% - Cash Out Refinance
-
-
$4,000,000 Loan Amount | 12 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$4,500,000 Loan Amount | 6 Months Reserves
-
-
LTV 85% - Purchase
-
-
-
LTV 80% - Cash Out Refinance
-
680 Credit Score:
-
$1,500,000 Loan Amount | 4 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$2,000,000 Loan Amount | 6 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$2,500,000 Loan Amount | 6 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$3,000,000 Loan Amount | 9 Months Reserves
-
-
LTV 85% - Purchase
-
-
-
LTV 80% - Cash Out Refinance
-
-
$4,000,000 Loan Amount | 12 Months Reserves
-
-
LTV 90% - Purchase
-
-
-
LTV 85% - Cash Out Refinance
-
-
$4,500,000 Loan Amount | 18 Months Reserves
-
-
LTV 85% - Purchase
-
-
-
LTV 80% - Cash Out Refinance
-
Maximum Loan Amount: $4,500,000
Credit Notes:
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Minimum credit score: 580
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No mortgage lates allowed previous 24 months
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Housing Credit Event Seasoning 36 Months (Bankruptcy, Foreclosure, Short Sale, Loan Modification)
-
Minimum tradelines 2 open and active minimum of 12 months
Cash-Out (Cash in Hand) Limit:
-
Maximum LTV - 80%
-
Loan amount > $1,500,000 Maximum LTV - 75%
Eligible Property Types:
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Single Family Residence
-
Condo (non-warrantable condo maximum loan amount - $2,000,000)
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2-4 Units - Maximum LTV - 85%
DTI (Debt-to-Income Ratio):
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55%
Terms Available
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ARM's
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-
5/1 LIBOR
-
-
-
7/1 LIBOR
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-
Fixed Rate
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-
30 Year Fixed
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-
-
15 Year Fixed
-
-
Interest Only - 120 Month Term
This particular loan program is available in the following states:
Alabama | Arizona | California | Colorado | Delaware | Florida | Georgia | Hawaii | Illinois | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Nevada | New Hampshire | New Jersey | North Carolina | Oregon | Pennsylvania | Tennessee | Texas | Utah | Virginia | Washington
Reference # 541 052218 10-13-1-3