Loan amounts up to $4 million
DTI up to 55% on owner-occupied
3 months of reserves
Min FICO 620
Up to 90% СLTV purchase / Up to 80% СLTV cash-out
Owner-occupied, second home, and investment properties
Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%
2 or 1 year traditional full documentation income
Gift funds are allowed (borrower contribution required under 80% CLTV: OO - 0%, Inv - 20%; over 80% CLTV: OO - 5%, Inv - NA) for down payment, closing costs, and reserves
0x30x12 and 0x90x24 for Super Prime, 0x60x12 for Prime
24 months out of credit event for Super Prime, 12 months out of credit event for Prime
SFR, townhomes, condo warrantable/non-warrantable, condotel, 2-4 units (not available for 2nd home), PUD, SFR rural, manufactured housing, short-term rentals, leasehold
30 & 40-year fixed, 5/6 & 7/6 ARM
120 months of I/O period, 240/360 months of amortization, qualified at amortized PITIA payment after I/O period, IO product not allowed in IL
US citizenship, Permanent & Non-Permanent Resident, ITIN
Individuals, LLCs/Corp without a hit
