Non-Prime Jumbo Program Loan Amount - $3,500,000

Alt Doc Super Jumbo - 90% LTV

Property Type:

  • Single Family Residence
  • Condo - Less than 4 Stories


Occupancy: 
Owner Occupied


Terms:

ARM's: 5/1 year and 7/1 year


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
  • Credit card and revolving accounts must be current
  • 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 | Wyoming