Income and Asset Documentation Not Required
Forms 4506-T and 4506-C Not Required
Update: September 2023
Tax Returns Not Needed for Self Employed or W-2 Employees
Loan Purpose: Purchase, Refinance and Cash-Out Refinance Portfolio Programs
Cash-Out Refinance Requires 90-day Purchase Seasoning in Order to use “Market Value”. Less than 90 days, “purchase price” is used for LTV purposes.
Property Types:
SFR and PUDS only
Eligible Occupancies:
Owner Occupied and Second Homes Only
Highlights:
680 Minimum Credit Score required
75% Maximum LTV (loan to value)
$350,000 minimum Loan Amount
Available in the Following States:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington
Reference # am09jj-001