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Products and Terms:
30-Yr Fixed: Self-Amortizing
15-Yr Fixed: Self-Amortizing

ITIN – No Social Security Number

89% LTV/CLTV Purchase
Rate/Term & Cash Out Refinances
Loan Amounts Up To $1,000,000

Primary Residence

Credit Score              
720+ Credit Score
Purchase LTV / CLTV 
89% – 85% – 80% – 75% – 70%
R&T LTV / CLTV
80% – 80% – 80% – 75% – 70%
Cash Out LTV / CLTV
65% – 65% – 65% – 65% – N/A
Maximum Loan Amount
$400K – $450K – $650K – $750K – 1M
Reserves
6 Months – 4 Months

Credit Score
No FICO or 620+
Purchase LTV / CLTV 
65%
R&T LTV / CLTV
65%
Cash Out LTV / CLTV
55%
Maximum Loan Amount
$500K
Reserves
5 Months

Other Restrictions

Condos               Max LTV/CLTV 80%
2-4 Units            2 units: Reduce LTV/CLTV by 5%
3-4 Units: Reduce LTV/CLTV by 10%
Max LTV/CLTV 80%

Interest Only – Not Available
Second Home & Investment – Not Available
One FICO Score – Max LTV/CLTV 70%
Incomplete Housing or Rental History or Living Rent Free – Max LTV/CLTV 75%

24 Months Bank Statements

Credit Score
720+ – (680+) – 620+ – No FICO
Purchase LTV/CLTV
80% – (75% – 70% – 65%) – 60% – 55%
R&T LTV/CLTV
N/A – 75% – 70% – 65% – N/A – N/A
Cash Out LTV/CLTV
N/A – 60% – 60% – N/A – N/A – N/A
Maximum Loan Amount
$400K – $450K – $600K – $750K – $300K – $300K
Reserves
8 Months – 6 Months – 6 Months – 6 Months – 8 Months – 8 Months

• Eligible borrowers: Reside in the United States for 6 months with valid ITIN.
• Maximum debt to income ratio: <43%-50% debt-to-income (DTI)
• Minimum credit score: 620. No foreclosure, bankruptcy, deed in lieu or short sale permitted in the past 36 months. If
  foreclosure, bankruptcy, deed in lieu or short sale 36 months, then max 65% loan-to-value (LTV) and reserves increased
  by 6 months.
• Mortgage and Rental History: maximum 1 x 30 x 12 with 0 x 30 in the last 6 months from Note Date. LTV >80% requires 12-month rental rating.
• Acceptable occupancy: Primary residences, second homes, investment
• Acceptable property types: 1-4 units, SFR’s, Warrantable & Non-Warrantable Condos, PUDs, Townhouses
• Other Info: Gifts permitted and must conform to all Fannie Mae gift requirement

Approved to do loans in California, Colorado, Montana, Texas, and Washington only