560 FICO Product - Owner Occupied Only
Help for Buyers is Now Here!!
Available in ALL 50 States
This is one loan - not a 1st and 2nd combo
560 Credit score minimum (all three scores)
95% LTV Financing Available
5% Down payment
(sourced and seasoned minimum 30 days)
Mortgage Insurance applies (if LTV is over 80%)
FULL DOC only
50% Debt To Income
2 Years continuous employment (change in industry OK)
2 years minimum of monthly income, assets
and Housing expenses
(even if its a stated income/verified assets request)
NO Verification Of Rent
2 Active Trade Line Requirement (0 x 30)
NO prepayment penalties
30-year fixed financing
Gift Letter same as assets (not verified or transferred)
Collections, Liens and Judgments –
not over total aggregate of 5K (if exceeds, can be paid down to qualify level)
Discharged BK and Foreclosure – 24 months minimum
Mortgage – 0 x 24
Seller closing concessions not to exceed 3%
(Community Property States
such as Arizona, California, Idaho, Louisiane,
Nevada, New Mexico Texas,
Washington or Wisconsin
Both Husband and Wife need to be on the
Credit Application and a Credit Report for Each.
If one spouse does not qualify they will not
go on the loan, but they will go on the Deed or Mortgage
as an interested party, if the other spouse
can qualify)
Judgments or liens on either party will need to be paid, satisfied ord released
before taking title to ANY property.
**For Pre-approval
Complete Uniform Credit Application (see section below)
And Submit it with Application Fee (see section below)**
**For questions submit form below
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Stated Income Program - ALL 50 States - Owner Occupant only
Scores 720 minimum
25% down payment
Potential rate - 7%
Owner Occupied
Tax returns are required as per new law.
They are included in file but are not 4506'd. (Return is not verified but must included in file)
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Start the Approval Process by Completing
And Submiting of Required Items below
**(Completion and submission of Uniform Credit Application
and Payment of Application Fee)**
(complete pdf form and email to
Application fee ($50.00) ** (see below)
3-File Merged Credit Report (will be ordered)
2 Paystubs (most recent pay periods)
Self Employed – 2 years personal and business tax returns unless in business more than 5 years and using own funds for downpayment and closing costs and personal tax returns show increase in income over last two years.
**Please Pay Application Fee** Via Paypal
**If you have questions
Please complete the form above