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: 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
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
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