QM Products
CONVENTIONAL
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Maximum loan amount: $726,200 (or county maximum for high balance areas)
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Minimum credit score: 620
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DTI: 50% with AUS approval
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Minimum down payment: 3%
FHA
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Max Loan Amount: $420,680 to Max County Limits
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MAX DTI: 55% w/ AUS approval
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Down Payment: 3.5%
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Credit Score: 620 with approval & 640 FHA streamline
USDA
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Max Loan Amount: By DTI
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DTI: 29/41% Max, 29/45% with compensating factors/reserves
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Down Payment: None
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Credit Score: 640 Purchase & Refinance
Non-QM Products
Non-Warrantable Condos
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LTVs up to 80% for owner occupied
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LTVs up to 75% for investment properties
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Loan amounts: Between $100k -$1.5mm
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Bank statements 12 & 24 months allowed
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FICOs: Down to 660
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DTI: Up to 50%
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Unlimited number of financed properties
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2 years out of bankruptcy
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2 years out of short sale or foreclosure
Expanded Prime
& Non-Prime Loans
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Loan Amounts: Between $100k -$1.5mm
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LTVs up to 90%
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FICOs: Down to 660
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DTI: Up to 50%
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Unlimited number of financed properties
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Cash Out Options
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2 year out of bankruptcy
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2 day out of short sale or foreclosure
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Can close as Corporation or LLC for investment properties
24 Month Bank
Statement Loans
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Loan Amount: Between $100k - $1.5mm
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LTVs: up to 90%
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FICOs: down to 660
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DTI: up to 50%
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Unlimited number of financed properties
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Cash Out Options
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2 years out of Bankruptcy
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2 years out of short sale or foreclosure
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Investment properties can close as Corporation or LLC
