Owner Occupied - Fixed Interest Rate Program
Property Type	Max LTV	Min Credit Score	Max Loan Amount	Purpose
SFR or Condo	90%	700	$625,500	Purchase or Rate and Term
SFR or Condo	75%	660	$625,500	Purchase or Rate and Term
2-4 Unit	75%	740	$625,500	Purchase or Rate and Term
SFR or Condo	60%	740	$625,500	Cash-Out Refinance

Second / Vacation Home - Fixed Interest Rate Program
Property Type	Max LTV	Min Credit Score	Max Loan Amount
SFR or Condo	65%	740	$625,000

 

Investment - Fixed Interest Rate Program
Property Type	Max LTV	Min Credit Score	Max Loan Amount
1-4 Units	65%	740	$625,000

Depending on state, mortgage insurance may apply

Income Documentation - employment and income documentation requirements is subject to underwriter discretion.

Available in all 50 states

Florida Condos
80% max LTV on owner occupancy and 65% on second home

Property types:
sfr
1-4 units
condos

No Manufactured homes, florida condo investments, non-warrantable condos, condotels, commercial properties, vacant land, new condo projects, Some condo conversions located in Florida or Las Vegas

Resale purchase transactions with less than 90 days seasoning OK

First Time Home Buyers OK. - must have 12 month rental history

 

 

Program Ref # 9 3 15 14 port hb