- 620 FICO Product
- 1st position/80% CLTV
- Fixed and 7 and 10 year ARMs
- $500k maximum loan amount
- 45% debt to income
- 1 x 30 days (rolling) late allowed on mortgage within the past 12 months. Must be current at time of closing.
- Bankruptcy, foreclosure, deed in lieu and short sale allowed if over 7 years ago (no BK if loan amount >$450K)
- Up 7 major derogatory items in the past 7 years
- Cash out refinance to consolidate debt (no cash in hand)
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