Stated Income / Stated Assets - Jumbo

Purpose: Purchase, Rate/Term and Cash Out 80% LTV 620 Credit Score

 

70% LTV on the First Lien. 80% CLTV Allowed with Outside Second Mortgage. This Loan is for the Self-Employed borrower. This is a Portfolio / Bank Lender loan program with Loan Amounts from $200,000 - $2,000,000


Credit Scores:

  • 700 Minimum
  • LTV:
  • 70% Maximum Financing


Property Types:

  • SFR
  • Condos
  • 2-4 units


Occupancies:

  • Non-owner Occupied / Investment
  • Stated Income also available on Primary / Owner Occupied homes


Terms:

  • 3 and 5 year ARM's
  • 30-year amortization
  • Payment Cap at Prime + 4% after fixed portion of the term
  • Call for other amortization options
  • Interest-Only Available


Prepayment Pricing Options available

Tax and Insurance Impounds required

First Time Homebuyer - Reduce LTV 5%

 

States:

Alabama | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Nevada | New Jersey | New Mexico | North Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming