Non-Warrantable Condominium Program The Non-Warrantable Condominium Program offers guidelines that are more expansive than the guidelines currently offered by the Agencies. The program allows lower pre-sale requirements, lower budget requirements and higher commercial percentage space. Features: Max 65% LTV; Max 43% DTI; Min 740 credit score Max 100,000 – 1,500,000 loan amounts Owner Occupied and…Details
The Foreign National Program helps make financing a second home in the US easier for qualified non-US Citizens. Borrowers do not need a Social Security number or a traditional credit score. Features: Asset Dissipation allowed Non-Warrantable Condos allowed to 65% LTV Max 70% LTV Max 40% DTI Max $2M loan amount Benefits Fewer product restrictions,…Details
STATED INCOME LOANS Primary Residence / 700 CREDIT SCORE Purchase / Rate-Term / 1 UNIT PUD ALLOWED / SFR 70% LTV /CLTV / MAX LOAN AMOUNT $417,001 – $1,000,000 / 60% LTV /CLTV / MAX LOAN AMOUNT $1,000,001 – $2,000,000 Cash Out / 700 CREDIT SCORE 70 LTV-CLTV / MAX LOAN AMOUNT $417,001 – $1,000,000…Details
Condo-Tel Owner Occupied/Second homes ONLY ! Construction must be completed including streets and driveways Condo Questionnaire required HOA must have adequate reserves (case by case based on project) No budget deficiencies No structural or environmental issues No pending litigation against HOA or Builders Max LTV 65% / max DTI 43% / 740 MINIMUM CREDIT SCORE Loan amounts to 100,000…Details
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