CLEAREDGE PRODUCT PORTFOLIO

Prime Connect

Near Prime Borrower. Income Documentation: Full Doc, Express Doc, Bank Statement, Asset Utilization, Asset Only.

HIGHLIGHTS
Max LTV: 90% (purchase), 80% LTV to $3,000,000
Min FICO: 680
Loan Amount: Up to $3,000,000
Credit History: 4 years seasoning FC, SS and BK
Plus Connect

Non-Prime Borrower. Income Documentation: Full Doc, Express Doc, Bank Statement, Asset Utilization, Asset Only

HIGHLIGHTS
Max LTV: 90% (purchase)
Min FICO: 620
Loan Amount: Up to $2,500,000
Credit History: 2 years seasoning, FC, SS and BK
Asset Connect

Asset Only Income Documentation – No Income / No DTI. Sufficient Assets to cover loan amount, monthly debt for 24 months and 12 months reserves

HIGHLIGHTS
Min Credit Score: 720
Max LTV: 80% (purchase)
Loan Amount: Up to $2,000,000
No DTI
Investor Connect

Debt Service Coverage Ratio (DSCR) – Rental property qualifies itself!

HIGHLIGHTS
DSCR down to 0.75, no ratio option
Max LTV: 80%
Loan Amount: Up to $2,000,000
Min FICO: 660
Prime Jumbo Connect

Prime Borrower

HIGHLIGHTS
Min Credit Score: 660
Max LTV: 89.99%
Loan Amount: Up to $3,000,000
Clear Edge Niches

Use Primary Wage Earner FICO to qualify. Up to 15 financed properties.

HIGHLIGHTS:

  • 80% LTV to 3.0MM – CEL Connect 1
  • Interest Only – 5/1 and 7/1 ARMs, 40 Year Fixed I/O and 40 Year ARM I/O
  • DTI – Up to 50%
  • Vesting in LLC
  • Only 2 tradelines with a min of 12-month history – open or close
  • Negative rental cash flow to be used to offset the total income – CEL Connect 1 and 2
  • Non-Warrantable Condos – CEL Connect 2 and Investor Connect