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1  Day Off MLS Cash Out Refi $3,000,000

Finance Type Purchase / Rate and Term Cash Out
Occupancy Owner Occupied 2nd Home Investment Owner Occupied 2nd Home
Doc Type Full / Alt Full / Alt
Maximum Loan Amount Maximum LTV / CLTV Minimum Credit Score Maximum LTV / CLTV Minimum Credit Score Maximum LTV / CLTV Minimum Credit Score Minimum Credit Score Minimum Credit Score Minimum Credit Score Minimum Credit Score
1-2 units $650,000

 

90% 680 90% 680 60% 680 80%/80% 720 70%/70% 700
80%/80% 680 80%/80% 680
$1,000,000

 

80%/80% 680 75%/75% 680 not allowed 75%/75% 720 70%/70% 700
70%/70% 680
$3,000,000

 

70%/70% 720 not allowed not allowed not allowed
3-4 units $650,000 80%/80% 680 not allowed not allowed not allowed
$1,000,000

 

65%/65% 700 not allowed not allowed
Eligible Properties Attached and detached SFR'S and PUD'S Low/High Rise Condos 2-4 units Cooperatives and Non-Warrantable Condos Attached and Detached SFR'S and PUD'S Low/High Rise Condos
Maximum Cash out N/A All LTV'S $325,000
Addition Restrictions 2 Unit Minimum 700 Credit Score Required

*Co-ops and Non-Warrantable Condos Secondary Financing Not Allowed
*Non-Warrantable Condos:
-85%LTV to $650,000 with 680 Credit Score
-70% LTV with 660 Credit Score
-Max Loan Amount $650,000
*Non Permanent Resident Aliens:
-90% Max LTV/CLTV
-Max Loan Amount $1,500,000

 

 

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reference # 5072408476

 

 

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