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Product Home Equity Update 7/9/20
Summary (mandatory)
Target Borrowers (Mandatory)
Products Standalone 2nd  mortgages
MAX Loan Amount $500,000
Min FICO 680 to 85% CLTV 740 to 90% CLTV
Max LTV 90% CLTV
Cash Out $500,000 max
Housing History 0X30 in past 24 months
Bankruptcy 4 years
Income Doc Full Doc, W2 income only
Business Ownership Requirements NA
Non- Warrantable Condo Yes
Calculating Monthly Income W2 calculation
Marketing Tips: cash out, consolidation
Operational Tips: Dori will help from start to finish
NonQM Profile Category NA
Your product specific website link associated with each product: www.wholesale.springeq.com

Contact info:

Dori Boxberger
480-215-5604
[email protected]

Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

Matrix

Underwriting Guidelines

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Let's talk! 800-459-7512