SmartTrac
For Borrowers With A Bankruptcy, Short Sale, Or Deed-In-Lieu Just Over One Year, Or Multiple 30-Day Mortgage Lates.
Highlights:
- Bankruptcy, Short Sale, Deed-in-Lieu: 12 months seasoning
- Multiple 30s allowed
- 620 min. FICO – all occupancy types
- $1M Cash Out at 80% LTV, $1M Cash in hand
- Up to 15 Financed Properties
- Up to 45% DTI; 50% with 3 months of additional reserves
- Appraisal Transfers Permitted
- Fixed 30; ARM 5/1, 7/1, 10/1 – all with optional Interest Only
- No Pre-Payment Penalties
- 80% LTV Purchase/Rate Term; 75% Cash Out
RESOURCES
Find the forms and information you need, any time you need to access them.
