Option #1 – Full Doc
Designed for high credit quality borrowers who are seeking:
- Loan amounts up to $2 million
- Loan amounts up to $2 million
- An Interest Only feature
- Conforming or high balance loans when they own multiple financed properties
- DTI up to 50% (see Qualifying Rate and Ratios) Minimum 620 credit score
Income and assets are fully documented
Option #2 – Asset Qualification
- Borrowers are qualified based on verified liquid assets
- Borrowers are qualified based on verified liquid assets
- Loan amounts up to $2 million
- Minimum 620 credit score
- No employment or income on 1003
- Debt to Income (DTI) Ratio not calculated
