Loan Products

Alt A

Available Products:

  • 3/1, 5/1, 7/1, and 10/1 LIBOR ARMs
  • 15- and 30-year Fixed Rate
  • 10-year Interest Only on 3/1, 5/1, 7/1, 10/1, and 30-year Fixed

Features

  • Loan amounts up to $2,000,000
  • Purchase, Rate & Term and Cash Out refinances
  • Primary, Second Home, and Investment properties
  • SFR, PUD, Low/High Rise, 2-4 Units, Co-Op and Mixed-Use properties
  • Up to 55% DTI allowance for full doc, 50% for stated income
  • Interest only payment can be used to qualify on 7/1, 10/1 and 30 year fixed products
  • Up to $1,000,000 cash out on less than or equal to 65% LTV
  • Alternative tradelines accepted
  • Borrower Paid and No MI options available

Documentation Types:

Alt A Conforming:

  • Full doc up to 97% LTV with a minimum 680 DCS
  • Stated Income up to 95% LTV with a minimum 660 DCS
  • No Ratio up to 95% LTV with a minimum 700 DCS
  • NINA up to 80% LTV with a minimum 700 DCS

Alt A Jumbo:

  • Full doc up to 95% LTV with a minimum 660 DCS for jumbo loan sizes
  • Stated Income up to 90% LTV with a minimum 660 DCS for jumbo loan sizes
  • No Ratio up to 80% LTV with a minimum 680 DCS for jumbo loan sizes
  • NINA up to 75% LTV with a minimum 680 DCS for jumbo loan sizes

Assets & Reserves:

  • All assets must be sourced and seasoned for 60 days
  • 2 months PITI required for all documentation types up to conforming limit, additional reserves are required for jumbo loan sizes
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