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No Seasoning Requirement for Short Sale or Foreclosure

Non-Prime – One Day Out of a Short Sale or Foreclosure

This loan is for people that have recently either foreclosed or short sold their property. If you have a recent short sale or foreclosure, this loan option could help you get into a home. No seasoning requirement for these housing events

Jumbo Loan Amount to $3,000,000

Loan Purpose:



Cash Out Refinance – $750,000 Maximum Cash Out (cash-in-hand)

Credit Scores / LTV / Loan Amount / Reserves Requirements:

680 Credit Score – 80% LTV to $3,000,000 with 12 Months Reserves

660 Credit Score – 80% LTV to $2,500,000 with 12 Months Reserves

640 Credit Score – 75% LTV to $2,000,000 with 12 Months Reserves

620 Credit Score – 70% LTV to $1,500,000 with 6 Months Reserves

600 Credit Score – 65% LTV to $1,000,000 with 9 Months Reserves

580 Credit Score – 60% LTV to $500,000 with 9 Months Reserves

Income Documentation Options:

Full Income documentation required

Salary Employee – previous 2 years W-2’s and full tax return

Self Employed – previous 2 years full tax returns and current year profit and loss statement

50% maximum DTI Debt to Income ratio

Eligible Property Types:

SFR Single Family Residence – Detached

SFR Single Family Residence – Attached

Eligible Occupancies:

Owner Occupied

Second / Vacation Home – 75% maximum LTV

Available in the Following States:

Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, and Wisconsin.

Reference # – 123 527030515 HE

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Lending

Non-Qualified Lenders

Unconventional Lenders