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95% LTV Financing with a 590 Credit Score Full Doc
 
 Max loan amt = $550,000
 
Up To 55% Debt to Income Ratio
 
No Reserves Required
 
Interest Only Available - 10 Years OK
 
Cash out Refi OK
 
Mortgage Lates OK
 
ARM and Fixed Rated Available
 
Owner Occupied
 
Fixed Income Borrowers OK
 
No Pre Payment Penalty Available
 
Tax and Insurance - Impounds Not Required
 
Collections OK
 
Cancelled Checks for Housing Payment History OK

Tradelines: Fixed Income borrowers must qualify at fully indexed rate.

3 trades; 1 at 36 months, 2 at 12 months; 1 with $1000 high credit.

Disposables: $750 for Family of 2 or less. Greater of $1,000 or $200 per family member for a family of 3 or greater [> 50 DTI requires minimum $1500 disposable income]

Collections: Any non-bankrupt account > $7,500 in the past 12 months must be paid.

 

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reference # 2091707449

 

all loan products are subject to change at any time
other restrictions may apply