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No
Income Verification: |
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- No
proof of income required, no tax returns, no W2's
- Stated
income programs for self-employed and W2 wage earners
- Six-month
bank deposits average can substitute for monthly income
verification
- Owner
occupied, non-owner occupied and investment property qualify
for no income verification programs
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Expanded
Debt-to-Income Ratios: |
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- Total
Debt ratios up to 55%
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Expanded
LTV Options: |
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- Up
to 107% Loan-to-value on purchases with FICO score 620 and
above
- Up
to 103% Loan-to-value on purchase with FICO score 599 and
above
- 125%
Loan-to-value on first or second mortgage refinances with
minimum FICO score 640
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AA
through C Credit programs: |
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- Recent
bankruptcy ok
- Collections
less than 1000 and over 1-year old do not have to be paid
in order to close
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Mortgage
only programs: |
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- Based
on mortgage history only
Purchase, rate / term refinance or debt consolidation
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