High LTV - Nations Branch

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For borrowers with good credit history, but without the assets for a large down payment. Whether they just need a little more home for their money, a second home or an investment property, high-LTV doesn’t have to equate with high-risk.

Correspondent Non-Delegated

New Rez – SmartSelf & SmartSelf Plus *Currently unavailable

• Max LTV 90% for Purchase
• Max LTV 85% for Cash out
• Max DTI 50%
• Minimum FICO 620

New Rez – SmartEdge & SmartEdge Plus *Currently unavailable

• Max LTV 90% for Purchase
• Max LTV 85% for Cash out
• Max DTI 50%
• Minimum FICO 620

New Rez – SmartFunds *Currently unavailable

• Max LTV 90% for Purchase
• Max LTV 85% for Cash out
• DTI is not Calculated
• Minimum FICO 680

New Rez – SmartCondo *Currently unavailable

• Max LTV 90% for Purchase (80% for condotel)
• Max LTV 80% for Cash out (Not Permitted for condotel)
• Max DTI is 45%
• Minimum FICO 660 (680 for Condotel)

Deep Haven – Expanded Prime *Currently unavailable

• Higher Fico borrower
• Self employed can utilize personal bank statements or business bank
• P&L used for business bank statements can be borrower prepared or can use CPA prepared Expense Ratio
• 43% DTI Standard and up to 50% Enhanced with certain criteria and Full Doc

Deep Haven – Near Prime *Currently unavailable

• Mid to High Fico borrower
• Self employed can utilize personal bank statements or business bank statements
• P&L used for business bank statements can be borrower prepared or can use CPA prepared Expense Ratio
• 50% DTI standard and up to 55% Enhanced with certain criteria and Full Doc

Deep Haven – Non Prime *Currently unavailable

• Lower to High Fico borrower
• Self employed can utilize personal bank statements or business bank statements
• P&L used for business bank statements can be borrower prepared or can use CPA prepared Expense Ratio
• Standard DTI 43% and up to 50% with 620 Fico. 55% Enhanced ratio available with certain criteria and Full Doc

Broker Non-Delegated

Angel Oak - NON-PRIME >80%

• Debt Consolidation up to 90% LTV

Angel Oak – PLATINUM

• Just Missed agency fallout
• Perfect for SE borrowers using bank statements for income
• Borrowers with a major credit event between 4-7 year

Angel Oak – PLATINUM >90%

• Just Missed agency/Jumbo fallout
• 95% LTV up to $1.5MM

Angel Oak – PORTFOLIO SELECT

• Perfect for Borrowers With High Net Worth and Significant Assets
• No other income required

Sprout Mortgage – Premier Jumbo E1

• 90% SFR Purchase to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• No MI on any product

Sprout Mortgage – Jumbo Prime (J10)

• DTI up to 50%
• Non-Warrantable/Condotel OK
• 3 months reserves up to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• Foreign Nationals permitted
• No MI on any product

Thanks!

Let's talk! 800-459-7512