Condo Mortgage Program 90% LTV to $2,500,000
Verbal Verification Of Employment Options Available (VVOE)
Purpose: Purchase, Refinance Cash Out
- 90% LTV - $2,000,000 - 700 Credit Score
- 90% LTV - $1,500,000 - 680 Credit Score
- 90% LTV - $3,000,000 - 700 Credit Score
- 85% LTV - $2,500,000 - 660 Credit Score
- 85% LTV - $1,500,000 - 640 Credit Score
Cash Out Available
First-Time-Home-Buyer OK - 2 Million Maximum Loan Amount
40 Year Fixed Rate - Interest-Only Option with 660 Middle Credit Score
Inherited Properties - OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out "Using Market Value"
Delayed Financing - OK
Expanded Guidelines Options for Non-Traditional Condominium Property Types
Eligible Property Types & Occupancies: Primary Residence, Second Homes - SFR Only, Non-Owner-Occupied / Investment - SFR Only. Non-Warrantable Condos and Condotels OK
Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK
Power of Attorney OK for Purchase and Rate and Term Refinance
Non Occupant Co-Borrower's OK
Vesing LLC OK
Gaps in Employment OK Case-by-Case
States:
Alabama | Alaska | Arizona | Arkansas | California | Colorado | Florida | Georgia | Hawaii | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Missouri | Nevada | New Hampshire | New Jersey | New Mexico | North Carolina | Oregon | Pennsylvania | South Carolina | Tennessee | Texas | Utah | Vermont | Virginia | Washington