Details

Solutions for high net worth borrowers with significant documented financial assets
  • Qualification based on assets only, no qualifying income or DTI calculated
  • LTVs up to 90 on purchases and 80 on cash-out refinances
  • Three calculation methods
  • FICO down to 620
  • Primary Residences, Second Homes, and Investment Properties
  • Loan Amounts up to $3MM
  • Provide six months statements for any accounts utilized for qualification
  • Two years out of a credit allowed
  • Recent deposits of proceeds from sale of homes or businesses allowed as qualifying assets
  • 1x30x12 allowed
  • No limit on cash out up to 75 LTV, $500k above
  • 1-4 unit properties, warrantable condos, PUDs, certain mixed use properties, non-warrantable condos/condotels, and manufactured homes allowed
  • Gifted funds allowed for funds to close
  • Primary asset contributor FICO may be used in some circumstances
  • Temporary buydowns allowed
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