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SMARTEDGE

For Borrowers Qualifying Full Doc With Non-Agency/Non-QM Features.

SmartEdge:

  • DTI up to 50%, 620 minimum FICO
  • Asset Depletion/Amortization may be used to qualify
  • Loan Amounts up to $3M
  • 95% LTV Purchase/Rate Term, No MI
  • $2M cash out at 85% LTV, $1M cash in hand
  • Up to 15 financed properties
  • Fixed 30, ARMs 5/1, 7/1, 10/1 with optional Interest Only; Fixed 40 Interest Only
  • 4+ years derogatory credit
  • Reserves waived for RT refis where LA<$1.5m, 0x30x12, and decreasing mortgage payment

SmartEdge Plus:

  • Use cash out to qualify
  • Loan Amounts up to $3M
  • 2-4 years derogatory credit
    • 85% LTV Purchase/Rate Term - No MI
    • 80% Cash out

 

RESOURCES

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