SouthTrust Funding Subprime Highlights

Mortgage and Lending with Cherdon Investments, LLC

50/30 Balloon available with credit score as low as 560

5/6 ARM available

1 Year Full Documentation available for both wage-earner and self-employed borrowers

90% CLTV with a 550 credit score - Full Doc

80% CLTV with a 500 credit score - Full Doc

Loan amounts up to $1.5mm

Bankruptcy - Chapter 7, one day discharged

Collections and Charge offs - 12 months - do not need to be paid

No property seasoning requirements at 80% CLTV

Co-borrowers with credit scores below 500 Full Doc

Use the higher credit score of a borrower who contributes at least 30% of household income

Contact Cheryl via email at

Please include your credit score, gross income (for co-borrower, also, if you have a co-borrower), and approximate debt owed.

Comments (3)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
How high will you go on a stated cash out 607 FICO?
Apr 28, 2007 01:41 AM
Scott Gormley
Oak Valley Mortgage-California Home Loans and Refinancing - Chico, CA

Thanks for the highlights Cheryl. I like seeing what is out there :)


Apr 28, 2007 01:56 AM
Vanna Siackhasone- REaltor, Prudential Real Estate Alaska

Is this the foreign national program?  Can you please e-mail me more info?  I have a client from London w/ 60% down.  40% LTV.


Thank You,

Vanna Siackhasone





Feb 19, 2009 08:30 AM