Agency Plus Loan Program Highlights
- Jumbo alternative with I/O options
- Shorter waiting periods for derogatory credit events such as BK & foreclosure
- Loan amounts up to $3.0MM | Cash out up to $2.5MM
- No seasoning requirement for cash-out
Multiple term options:
- ARM*: 5/1, 7/1, 10/1
- Fixed: 15, 30
- Interest only available for all ARMs*
- Cash out from subject property may be used towards reserves**
- LTV up to 90% with min FICO 680
- DTI up to 55%** | Min. FICO 600**
- Payment shock not calculated
- First time home buyers allowed with no LTV restrictions
- US citizens, permanent resident aliens and non-permanent resident aliens allowed
All states (including DC) are eligible except DE, ME, MA, WY, RI.
*Interest only options available. No I/O in Illinois.
**Not available in Premier.