- O/O + N/O/O
- 1 day ownership seasoning OK
- SFR 1-4, Condo’s,PUD’s (Warrantable Only ((Freddie-Mac Guidelines))
- County Select Income is not verified by any means
- No Minimum Fico Required
- Foreign National Borrower’s OK – Passport Only
- Minimum 1 Year out of Bk, FC, SS
- 1×60 Allowed in Past 12 Months
- Collections over $5K + All Tax Liens + Charge-Offs must be paid at closing
- No Max Properties Owned/Financed
- Base Employee Income must be stated at 45% max DTI and Borrower must be same employment for a minimum of 2 yrs. Not verified.
- Reserves:
- 18 months reserves with VOD addressed to borrower reflecting current balance when Borrower owns at least 1 other property than Subject.
- 60 months reserves with VOD addressed to borrower reflecting current balance when Borrower does not own any other properties than Subject.
- Reserves:
Available in: CA GA MA NY NV and WA
In the Counties of: Alameda, Middlesex, Bronx, King, Los Angeles, Norfolk, Kings, Orange, Suffolk, New York, Riverside, Richmond, Sacramento, Queens, San Bernardino, San Diego, San Francisco, San Joaquin, San Mateo & Santa Clara
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