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 |