Alt-Doc Mortgage Program | Forms 4506-T and 4506-C Not Required
- 90% LTV (loan-to-value) Financing
- $1,500,000 - Maximum loan amount:
- 3 Month Reserve Requirement for Each Property Owned
- $2,500,000 - Maximum loan amount:
- 6 Month Reserve Requirement for Each Property Owned
- Residual Income Requirement: / DTI
- DTI Less Than 35% - $2000 Monthly Residual Income
- DTI Greater Than 35% - $3000 Monthly Residual Income
Property Types:
- SFR Single Family Residence
- PUD Planned Urban Development
- Condo
- Non-Warrantable
Debt-to-Income DTI - 50% with 680 Credit Score to 80% LTV
- Interest Only payment Available - 680 Credit Score
Gift Funds
- 100% financing available with 20% gift
Underwriting Notes
- Super Jumbo Loan Amounts require a second appraisal
Credit Notes:
- 0 30 Day Mortgage Lates - 12 Month History
- 25 Maximum Properties Owned:
- Owner Occupied - No Limit
Investment Property or Second Home - 10 Maximum unless LTV
- Less than 75%, LTV, No Limit
States:
Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin
Reference # 214 554488