For Borrowers With A Bankruptcy, Short Sale, Or Deed-In-Lieu Just Over One Year, Or Multiple 30-Day Mortgage Lates.

SmartTrac was designed for borrowers qualifying Full Doc who had a bankruptcy, deed-in-lieu, or short sale between 12 months and 2 years ago. In addition, this program will accommodate borrowers with multiple 30-day mortgage lates. First-time homebuyers and seasoned homeowners may finance or refinance a primary, second home, or investment property.

  • Multiple 30-day mortgage lates okay
  • Bankruptcy, Short Sale, Deed-In-Lieu: 12 months seasoning
  • 620 minimum FICO
  • 80% LTV Purchase/Rate Term; 75% LTV Cash out
  • Up to 45% DTI; 50% with 3 months of additional reserves
  • $1,000,000 Cash-in-hand/debt payoff
  • Up to 15 financed properties
  • Fixed 30; ARM 5,7, and 10/1 - all with Interest Only option


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