NEW SUB PRIME OFFERINGS NOW AVAILABLE
NO upfront fees & NO RESERVES needed on any of our Programs
1. BANK STATEMENT FUNDING:
We have a bank statement program for Self Employed Only, 24 months all pages,
you can use personal or business BS, NO TAXES, and NO 4506
MIN FICO for Owner Occupied Bank statement is 600
MIN FICO for Non Owner Bank statement is 500
MAX LTV for Owner Occupied Bank statement is 80 LTV
MAX LTV for Non Owner Occupied bank statement is 65 LTV
USE 100% of the deposits, do NOT use balance transfers
2. We can do Stand Alone 2nd's
OWNER OCCUPIED ONLY CA AND AZ
MID FICO NEEDED IS 550
MAX CLTV IS 70%
3. Coming out of a short sale ....:?
We will do 1 day out of a short sale/DIL up to, 60% LTV WITH A 500 FICO
We will do 1 day out of a short sale/DIL up to 65% LTV with a 550 MID FICO
We will do 1 day out of a short sale/DIL up to 70 LTV with a 600 MID FICO!!!
We will do 12 months out of a short sale/DIL up to 80% LTV with a 650 MID FICO-
4. Coming out of a BK....?
1 DAY OUT OF BK, MAX 60 LTV, and 500 FICO REQUIRED
12 MONTHS OUT OF BK, 65 LTV, and 550 FICO REQUIRED
1 DAY OUT OF FC, MAX 60 LTV, and 500 FICO REQUIRED
5. Coming out of a FORECLOSURE....?
12 MONTHS OUT OF FC, 65 LTV, and 550 FICO REQUIRED
We can use old appraisal as long as it was done by a AMC (up to 120 days at funding, do NOT even need ender name changed
We will allow GIFTS on O/O, 2nd home & Investment properties (gift can be for FULL Down payment
required on that particular loan, will need GIFT letter)
We allow up to 20 total properties, so we can do CASH OUT on any one of them
If you have a sub prime need that fits any of the above scenarios, contact Jason Hooks at: