ClearEdge CORE

ClearEdge CORE

Designed for the borrower who needs underwriting flexibility or has experienced a credit event – bank statement, full doc, express doc & asset utilization.
clearedge-core
  Full Doc Express Asset Edge Bank Statement
Edge
Minimum Credit
Score
600 600 600 600
LTV/CLTV 90% 85% 80% 90%
Loan Amounts $3MM $3MM $3MM $3MM
Income Used
to Qualify

2yrs + YTD

1yr + YTD

4 months Bank Statement

12-24 months

DTI 50% 50% 50% 50%
Cash Out
Allowed

Up to $1MM

Up to $1MM

Not Allowed

Not Allowed

Mtg Lates 0X60X12 0X60X12 0X60X12 0X60X12
FC / BK

> 3 yrs / >2yrs

>3 yrs / >2yrs

>3 yrs / >2yrs

>3 yrs / >2yrs

Prepayment
Penalty
N/A N/A N/A N/A
Gift Funds

up to 85% LTV*

up to 80% LTV*

Not Allowed

up to 80% LTV*

Reserves
(>100 <$500)
3 months 3 months N/A 3 months
Reserves
(>$500 <$1.500)
6 months 6 months N/A 6 months
Reserves
(>$1.500 <$3.00)
12 months 12 months N/A 12 months
Additional Notes*

Borrower must have 5% of their own funds*

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Call us anytime at 866-690-2474 to discuss the details of our products or for more information.

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Call us anytime to discuss the details of our products or for more information.

800-555-2222

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