96.5% LTV with 620 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: Four Months Reserves required. Six Additional Months for Each Additional Financed Investment Property.
- Military Personnel
- Permanent Resident Aliens
- Non-Permanent Resident Aliens
- Minimum of Two Tradelines with a 24-month Payment History.
- Bankruptcy Requires Two Years Payment Seasoning.
- Foreclosure Requires Three Years Payment Seasoning.
- Mortgage or Rent History, No 30-day Lates Previous 12 Months
- Installment Loans and Revolving Accounts, No 30-day Lates Previous 12 months
- No Open Judgments Previous 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 | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | North Carolina | Oregon | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming