CLEAREDGE PRODUCT PORTFOLIO
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 |
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 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 |
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 Borrower
| HIGHLIGHTS |
| Min Credit Score: 660 |
| Max LTV: 89.99% |
| Loan Amount: Up to $3,000,000 |
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