Full Doc Borrowers
Traditional qualification with added flexibility
For borrowers who qualify with W2s, paystubs, and tax returns, SmartEdge offers competitive options with more flexibility than conventional agency loans. Primary and investment properties are eligible, as well as non-warrantable condos and condotels.
Cash-out is available after six months of ownership, and gifts may be used toward down payment, closing costs, and reserves.
Highlights:
· Up to 90% LTV on primary homes
· Loan amounts up to $3.5M
· Non-warrantable condotels eligible
· Credit scores down to 640
· Cash-out refinancing available after 6 months
· Asset depletion over 60 months