Summary
One year seasoning for foreclosure, short sale or deed-in-lieu. Two years seasoning for bankruptcy.
Qualifications
Minimum Down Payment
10% of sales price
Minimum Credit Score
600
Max Debt-To-Income Ratio
50%
Mortgage Insurance
No
Eligible Property Types
Single family resident, 1-4 unit, PUD’s, townhouse, condo, and non-warrantable condo
Loan Amount
$150,000 to $2,500,000
Reserves
3-12 Months (based on loan amount)
Occupancy Type
Primary, Secondary, and Investment