The Single Family Residential Closed End Second Mortgage Program offers fixed-rate terms of 10, 15, 20, and 30 years for primary residences, second homes, and investment properties. It includes specific guidelines for FICO scores, CLTV ratios, and borrower eligibility, with a focus on full documentation requirements.
The ALT DOC EXPRESS program provides alternative documentation options for single-family residential mortgages. It includes specific LTV limits, FICO score requirements, and reserve requirements, with options for asset utilization and depletion, as well as rate/term refinance and cash-out transactions.
The Expanded Non-QM program provides flexible mortgage solutions with full and alternative documentation options. It includes specific LTV/CLTV/HCLTV ratios, FICO score requirements, and reserve requirements, catering to owner-occupied, second homes, and investment properties with options for purchase, rate/term refinance, and cash-out transactions.
The DSCR EXPRESS program is designed for investment properties, utilizing the Debt Service Coverage Ratio (DSCR) for qualification. It includes specific LTV limits, FICO score requirements, and reserve requirements, with options for rate/term refinance and cash-out transactions.
The Expanded Non-QM (Flex) program offers flexible mortgage options with alternative documentation for owner-occupied, second homes, and investment properties. It includes specific LTV/CLTV/HCLTV ratios, FICO score requirements, and reserve requirements, with options for purchase, rate/term refinance, and cash-out transactions.
The Expanded Prime Program offers a variety of mortgage options with full and alternative documentation for owner-occupied, second homes, and investment properties. It includes specific LTV/CLTV/HCLTV ratios, FICO score requirements, and reserve requirements, with options for purchase, rate/term refinance, and cash-out transactions.
The FULL DOC EXPRESS program offers a comprehensive set of guidelines for single-family residential mortgages, focusing on full documentation requirements. It includes specific LTV limits, FICO score requirements, and reserve requirements, with options for rate/term refinance and cash-out transactions.
The Expanded DSCR program is designed for investment properties, utilizing the Debt Service Coverage Ratio (DSCR) for qualification. It includes specific LTV/CLTV/HCLTV ratios, FICO score requirements, and reserve requirements, with options for purchase, rate/term refinance, and cash-out transactions.