For homebuyers who do not meet qualifying mortgage debt-to-income (DTI) requirements, this product allows for up to 55% debt-to-income ratios for customers who meet residual income requirements.
- Up to $1,500,000 Loan Amount
- 700+ FICO
- Up to 80% Loan-to-Value
- Up to 55% Debt-to-Income
- 15 Year and 30 Year Fixed Rate Terms
- 5/1 and 7/1 Low Interest Adjustable Mortgage Rates (ARMs) Available
- Eligible for Non-Warrantable Condos, When Primary or Secondary Residency
- 6 or 12 Month Reserves
- Cash-Out Loans Available
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