Correspondent

Portfolio Select Program

Mortgage Solutions for the Alt-A Borrower

  • Full doc, bank statements (personal & business), asset qualification, and 1yr tax return options available
  • Loans up to $3 million
  • FICO 600+
  • DTI up to 50%
  • Up to 90% LTV/CLTV
  • 2 years seasoning on FC, SS, BK, DIL
  • Owner-occupied, 2nd homes, and investment properties
  • Interest-only 30yr/40yr available
  • Cash-out – $500K maximum
  • Cash-out can be used to meet reserves
  • 30yr fixed, 5/1 & 7/1 options
  • Asset depletion available
  • SFRs, townhomes, condos, 2-4 units
  • Non-warrantable condos considered

 

Details:    
Full Doc Bank Statement Asset Qualifier
600+ FICO 600+ FICO 700+ FICO
90% Max LTV 90% Max LTV 75% Max LTV
     
See guides and matrices for full product eligibility.