No Income Second Mortgage
- Loan Amounts Ranging from $75,000 to $500,000
- Full Documentation Required for Qualification
- Up to 85% Combined Loan-to-Value (CLTV)
- Fixed Term Options of 10, 15, 20, and 30 Years
- Eligible Properties Include Single-Family Residences, Warrantable Condos, PUDs, and 2-4 Unit Properties
- CLTV Limits: 2-4 Unit Properties up to 65%; Condos up to 80%
- Debt-to-Income Ratio Capped at 50% for Primary Residences and 45% for Second/Investment Properties
- Minimum FICO Score of 680 Required
- Available for U.S. Citizens and Permanent/Non-Permanent Residents (non-permanent residents only on primary residences)
- Major Derogatory Credit Must be Seasoned for 48 Months