Non-Prime Jumbo Program Loan Amount - $3,500,000

Alt Doc Super Jumbo - 90% LTV

Property Type:

  • Single Family Residence
  • Condo - Less than 4 Stories


Occupancy: 
Owner Occupied


Terms:

ARM's: 5/1 year and 7/1 year


Income Documentation:

  • Full Doc only


Purchase to 80% LTV | 
Cash Out - 75% LTV


Credit:

  • Credit Scores (mortgage credit scores)
  • 580 minimum


Credit Criteria:

  • Tradeline Requirements:
  • 2 Tradelines 24 Months Seasoned
  • 1 Tradeline Seasoned 12 with a Minimum of $3,000 High Credit Limit Credit


Underwriting Notes:

  • All Installment Loans must be Current and in Good Standing
  • Credit Card and Revolving Accounts must be Current and in Good Standing
  • Bankruptcy, Foreclosure and Short Sales need 6 months Seasoning. (Exceptions can be made with compensating factors)
  • If you have a recent Bankruptcy

 

States:

Alabama | Arizona | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Nevada | New Jersey | New Mexico | North Carolina | North Dakota | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin