California Only
Non-Prime Available
DSCR Available
No title seasoning required for a Cash Out refinance
Eligible Alt Doc Income Documentation:
* Bank Statements – 12 Months
* Bank Statements – 24 Months
* Asset Depletion
Primary Residence to $2,000,000 Credit Score Matrix
| Credit Score | Purchase | Refinance R/T | Cash Out |
|---|---|---|---|
| 720 | 80% | 80% | 75% |
| 700 | 75% | 75% | 70% |
| 680 | 70% | 70% | 65% |
| 660 | 65% | 65% | 60% |
| 640 | 60% | 60% | 55% |
Primary Residence to $2,500,000 Credit Score Matrix
| Credit Score | Purchase | Refinance R/T | Cash Out |
|---|---|---|---|
| 720 | 75% | 75% | 70% |
| 700 | 70% | 70% | 65% |
| 680 | 65% | 65% | 60% |
| 660 | 60% | 60% | 55% |
| 640 | 55% | 55% | 50% |
Primary Residence to $5,000,000 Credit Score Matrix
| Credit Score | Purchase | Refinance R/T | Cash Out |
|---|---|---|---|
| 720 | 70% | 70% | 65% |
| 700 | 65% | 65% | 60% |
| 680 | 55% | 55% | 50% |
| 660 | 50% | 50% | 45% |
| 640 | 45% | 45% | 40% |
Eligible Property Types
Single Family Residence, 1-2 Unit, 3-4 Unit, Condominiums, non-warrantable Condominiums
Eligible Occupancies
Owner-Occupied, Non-Owner-Occupied, Investment Property, Second Home/ Vacation Home
Available in the Following States:
California
Last Updated on 2 days ago by Broker Mortgages