Non-Prime Jumbo Program Loan Amount - $3,500,000
Alt Doc Super Jumbo - 90% LTV
Eligible Property Types:
- Single Family Residence
- Condominium - Less than 4 Stories
Occupancy: Owner Occupied
Terms:
ARM's: 5/1 year and 7/1 year. Interest/Only with 660 Credit Score
Income Documentation:
- Full Doc only
Purchase to 80% LTV | Cash Out - 75% LTV
Credit:
- Credit Scores (mortgage credit scores)
- 580 minimum
Credit Criteria:
- Tradeline Requirements:
- 2 Tradelines 24 Months Seasoned
- 1 Tradeline Seasoned 12 with a Minimum of $3,000 High Credit Limit Credit
Underwriting Notes:
- All Installment Loans must be Current and in Good Standing
- Credit Card and Revolving Accounts must be Current and in Good Standing
- Bankruptcy, Foreclosure and Short Sales need 6 months Seasoning. (Exceptions can be made with compensating factors)
- If you have a recent Bankruptcy
States:
Alabama | Arizona | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Nevada | New Jersey | New Mexico | North Carolina | North Dakota | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin