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.

Eligible Borrowers:

  • Military Personnel
  • Permanent Resident Aliens
  • Non-Permanent Resident Aliens

Credit Notes:

  • 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

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