MAJESTIC PRIME
FULL DOC
- Minimum FICO 660, Maximum 90% LTV, Maximum Loan Amount $3mm
- 1 year W-2 or 1 year tax returns + 30 days paystubs
- Asset statements can supplement Income
MAJESTIC PRIME
WVOE
- Minimum FICO 660, Maximum 80% LTV, Maximum Loan Amount $3mm
- No 4506-C, Tax Returns, Paystubs or W-2s
- Asset statements can supplement income
MAJESTIC PRIME
12 OR 24 MONTHS BANK STATEMENTS
- Minimum FICO 660, Maximum 90% LTV, Maximum Loan Amount $3mm
- No 4506-C / No Tax Transcripts /No Tax Return
- Personal, Business or Combined personal/business bank statements
- Asset statements can supplement income
- Interest Only is available
MAJESTIC PRIME
P&L ONLY
- Minimum FICO 660, Maximum 80% LTV, Maximum Loan Amount $3mm
- No 4506-C / No Tax Transcripts /No Tax Return
- 1 Year CPA/CTEC/EA prepared P&L Statement
- Asset statements can supplement income
- Interest Only is available
MAJESTIC PRIME
ASSET DEPLETION
- Minimum FICO 700, Maximum 80% LTV, Maximum Loan Amount $3mm
- Assets are divided by 84 months (7 years)
- Interest Only Available
MAJESTIC INVEST
FULL DOC
- Minimum FICO 660, Maximum 80% LTV, Maximum Loan Amount $3,000,000
- 1 year W-2 or 1 year tax returns + 30 days paystubs
- Asset statements can supplement income
MAJESTIC INVEST
12 OR 24 MONTHS BANK STATEMENTS
- Minimum FICO 660, Maximum 80% LTV, Maximum Loan Amount $3mm
- No 4506-C / No Tax Transcripts /No Tax Return
- Personal, Business or Combined personal/business bank statements
- Asset statements can supplement income
- Interest Only is available
MAJESTIC INVEST
P&L ONLY
- Minimum FICO 680, Maximum 75% LTV, Maximum Loan Amount $3,000,000
- No 4506-C / No Tax Transcripts / No Tax Return
- 1 Year CPA/CTEC/EA prepared P&L statement
- Asset statements can supplement income
- Interest only available
JUMBO 40 YEAR INTEREST ONLY
- ≤ 80% LTV, 680 Min FICO, 50% Max DTI
- >80% LTV, 700 Min FICO, 50% Max DTI
- Max Loan Amount $3mm
- 2nd home & N/O/O Available
- 2-4 Unit & Condo Available
- Cash-Out Available
- 40 year fixed with 10 year interest only payment**
*Interest Only Restrictions:
- Purchases
Owner Occupied MAX LTV 85%
2nd Home MAX LTV 80%
N/O/O MAX LTV 75%- Rate/Term
Owner Occupied MAX LTV 85%
2nd Home MAX LTV 75%
N/O/O MAX LTV 75%- Cash-Out
Owner Occupied MAX LTV 75%
2nd Home MAX LTV 75%
N/O/O MAX LTV 70%**Loan amortizes into a 30 year fixed after 10 years
DSCR
- Minimum FICO 660
- Maximum 80% LTV
- Max Loan Amount $2mm
- Qualify using rental income from subject property
PORTFOLIO FHA
- Minimum FICO 580, Maximum 97.75% LTV*, Maximum Loan Amount up to County Loan Limit
- No FICO Streamline available
*LTV 97.75% for Rate/Term Refinance, LTV 96.5% for Purchase
PREMIER FHA
- Minimum FICO 620, Maximum 97.75% LTV, Maximum Loan Amount up to County Loan Limit
- LTV 97.75% for Rate/Term, LTV 96.5% for Purchase, LTV 80% for Cash-Out Refinance
PORTFOLIO VA
- Minimum FICO 580, Maximum 100% LTV*, Maximum Loan Amount up to County Loan Limit
- No FICO Streamline available
*LTV 90% for Cash-Out Refinance, LTV 100% for Purchase and Rate/Term Refinance
PREMIER VA
- Minimum FICO 620, Maximum 100% LTV*, Maximum Loan Amount up to County Loan Limit
- VA IRRRL Available
*LTV 90% for Cash-Out Refinance, LTV 100% for Purchase and Rate/Term Refinance
PORTFOLIO USDA
- Minimum FICO 580, Maximum 100% LTV, Maximum Loan Amount up to County Loan Limit
PREMIER USDA
- Minimum FICO 640, Maximum 100% LTV, Maximum Loan Amount up to County Loan Limit
FREDDIE MAC/FANNIE MAE CONFORMING
- No Overlays
- Minimum FICO 620, Maximum 97% LTV*, Maximum Loan Amount up to County Loan Limit**
*LTV 97% for Purchase ad Rate/Term Refinance, LTV 80% for Cash Out Refinance
**High Balance Available