Alt-Doc Mortgage Program

Alt Doc: Owner-Occupied

Credit Score Purchase Refi - Rate & Term Refi - Cash Out
750 90% LTV 90% LTV 85% LTV
720 80% LTV 80% LTV
75% LTV
680 75% LTV 70% LTV
65% LTV

 

Alt-Doc: Non-Owner Occupied

Credit Score Purchase Refi - Rate & Term Refi - Cash Out
750 80% LTV 80% LTV 75% LTV
720 75% LTV 75% LTV
70% LTV
680 70% LTV 70% LTV
65% LTV

 

Alt-Doc: Investment Property / Second Home

Property Types Purchase Loan Rate & Term Refinance Cash Out Refinance
SFR Investment Property 80% LTV 80% LTV 75% LTV
SFR Vacation Home 80% LTV 80% LTV 75% LTV
Duplex 80% LTV 80% LTV 75% LTV
4 Unit 75% LTV 75% LTV 70% LTV

 

90% LTV (loan-to-value) Financing

$1,000,000 - Maximum loan amount:

  • 3 Month Reserve Requirement for Each Property Owned

$2,500,000 - Maximum loan amount:

  • 6 Month Reserve Requirement for Each Property Owned

Residual Income Requirement: / DTI

DTI Less Than 35% - $2000 Monthly Residual Income

DTI Greater Than 35% - $3000 Monthly Residual Income

Property Types:

SFR Single Family Residence

PUD Planned Urban Development

Condo

  • Non-Warrantable

DTI

50% with 680 Credit Score to 80% LTV

Interest Only payment Available - 680 Credit Score

Gift Funds

100% financing available with 20% gift

Underwriting Notes:

Super Jumbo Loan Amounts require a second appraisal

Credit Notes:

0 30 Day Mortgage Lates - 12 Month History

Maximum Properties Owned:

Owner Occupied - No Limit

Investment Property or Second Home - 10 Maximum unless LTV

  • less than 75%, LTV, No Limit

 

Reference # 214 554488