Alt-A Loan Features

• Jumbo Loans up to $4,000,000; Max DTI 45% for LTV ≤ 95%
• Full Range of Intermediate Hybrid ARMS (3/6, 5/6, 7/6) in Addition to 30/20/15 Year Fixed Rate Loans
• 10 Year Interest Only Option on Most 30 Year Products
• Unlimited Cash Out
• UP to 4 Units; Occupancy: O/O, SH & N/O/O
• 1st Liens and Piggyback 2nds (with Alt-A Level 2)
• Full Doc & No Ratio
  • Credit Score ≥ 620 for LTV/CLTV up to 80/100
  • Loans up to 97% LTV (100% CLTV) for higher credit scores
• Stated Doc and No Ratio
  • Credit Score ≥ 660 (LTV to 90%, O/O, SH; 85% N/O/O)
  • Loans up to 95% for higher credit scores
• No Doc (Excluding First Time Home Buyers)
  • Credit Scores ≥ 660 (≥ 700 for SH and N/O/O)
  • Loans up to $1,500,000 w/CLTV up to 80%
  • LTV up to 90% for 700 Credit Score and Max Loan $500K (95% for loan of $400K)
• MI required or "No MI" Pricing Applies for LTV > 80%

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