Price your loanSUB-PRIME COMBO to 80% CLTV
Loan Amounts: $2,500,000 to $5,000,000
Available in all states

Property Types: Single Family/Condo: Owner Occupied or Second Home

Loan Type: Purchase or Refi (no limit on cash out)

Credit: 620 FICO Minimum. NO mortgage lates last 12 months

Doc Type: Full Doc or, if self employed: Stated Income with verifiable liquid assets

Reserves: Minimum 6 months PITI (not from refi proceeds)

Foreign nationals: Sorry, only US citizens or permanent resident aliens

Corporate/LLC title is OK

Seasoning: No specific policy. Reviewed on case by case basis

First Lien: 60% to 65% LTV

  • MTA Option ARM, 115% max neg am.
  • Payment cannot increase by more than 7.5% per year for first 5 years
  • Margin: Depends on deal strength
  • Life Cap: TBD
  • DTI: 45
  • Prepay Penalty: 3 yrs hard (80% of six months interest)

HELOC: to 80% CLTV

  • 25 year term. 10 yr Interest Only, 15 year amortizing