This loan is for borrowers with complicated income structures, which allows them to borrow up to 70% of the purchase price or existing property value, without submitting income documentation. A variety of fixed and adjustable rate programs are available to borrowers that meet asset, credit and down payment/equity requirements.
Features Include:
• No income documentation
• Fixed and adjustable rate products available
• Owner occupied one-family homes are eligible
• Middle credit score of 720 required