No Ratio Loan
No Ratio product to serve the nation's most diverse and underbanked borrowers.
Loan Amount from $100,000 to $2M.
Maximum 80% LTV with 720+ Credit.
Minimum Credit 660, 65% LTV.
Purchase, Rate & Term, Cash Out Refi.
Primary Residence and Second Homes.
Types: Fixed Rate , FRM 7/6 and 10/6 ARM.
Property: SFR, PUD, Townhome, Condominium (Condos in Florida require a Full Condo Review), 2-4 Unit, Modular, Rural, Mixed Use and Log Homes.
Maximum 10-Acres.
Seller Concession: 6% Maximum.
Gift Funds allowed.
Required Tradelines: Two (2) reporting for 12+ months or one (1) tradeline reporting for 24+ months, all with activity in the last 90 days.
Counseling required.