Program Highlights
LTV's up to 75% on a case-by-case basis (LTVs will vary by state.)
Debt ratios-must show ability to pay of LTV is greater than 60%
Income documentation
full doc - 18 months bank statements
lite doc - 6 months bank statements
No doc- available case-by-case
property type: single family town homecondo 1-4 units, mixed-use
owner and non-owner occupied properties acceptable
cross-lien multiple properties
cash out on a case-by-case basis
Other assets used as collateral: stocks, bonds,CDs, etc.
Only lien affecting title must be paid
subordination of tax liens and second mortgage accepted