Matrix PDF - Scotsman Guide

« Matrix: Subprime First Mortgages »
Search matrix: ScotsmanGuide.com/subprime1st
LEGEND: P =Purchase; R =Rate and Term Refi; C =Cash-Out Refi; O =Owner Occupied; V =Vacation Home; N =Non Owner Occupied;
NINA =No Income, No Asset; SISA =Stated Income, Stated Asset; SIVA =Stated Income, Verified Asset
All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade
CReDIT
PROgRam
Name
Mortgage Lates Allowed
Fore: OCC PURP
Within the #
LTV
amOUNT
LTV // LOaN
LOaN amOUNT
Bk None
We
O
P
of Months Shown
Combinations tied to different scores
Disch in
se
R
U=Unlimited
> # Last V
#
or
Yrs # Yrs N
R=Rolling
C UNITs DOC TYPe BOTH FICO
% / $K
% / $K
FICO
% / $K
1
2
Fix & Flip
0
0
Low Income
3
Cash-out
600
90/600
B
500
Full
B
580
95/250
C
Full
B
580
75/400
N
PRC
SIVA
B
500
70/500
OVN
PRC
Full
B
580
80/400
O
P
Full
B
VN
N
PRC
SIVA
SE
PC
SIVA
3
O
P
1
2
OVN
Commercial
0
0
Inherited
2
3
Foreign
dISPlay
Are available but some
parameters may differ
No Limit,
Non Vac 3-4
IO
DTI $K or % maX Owner Home OO Avail
Ratio of Loan CLTV Max Max Max Min
%
%
LTV LTV LTV Score
Amt.
CA DC FL MD VA
ACC Mortgage Inc.
2nd Chance
PROgRam OPTIONs
maX
CO
1-4
520
COmmeNTs
877-349-0501
WeApproveLoans.com
75/500
43
90
70
70
70
75/600
75
70
70
75
N
30 days seasoned money
70/500
90
N
N
N
Skin in the game/6 Month Term
43
95
N
N
N
Coming 2nd quarter 2014
43
75
70
70
N
Debt Consolidation Program
90
N
N
N
1-Year Term
95
N
N
N
5-Year Term
43
70
N
Short-Sales > 6 Months
dISPlay
Post your loan: ScotsmanGuide.com/LoanPost
We are lending non-QM loans the proper way and making loans that no one else can. Our matrix in a nutshell: Does the loan make sense for the borrower and is it safe for us? Our money, our rules! Old-school lending in the
Dodd-Frank world.
dISPlay
855-539-4910
www.angeloakms.com
Housing Event
0
0
OV
PRC
1
Full
B
500
70/1000
580
80/1000
50
500K
N
75
N
No foreclosure or SS seasoning
Non-Prime
1
2
OV
PRC
1
Full
B
500
70/1000
580
80/1000
50
500K
N
75
N
Bank Stmt Program Available
Investment
2
0
N
PRC
1-4
B
560
60/750
720
75/750
50
300K
75
N
N
5 AO properties, 20 total
Port. Select
2
2
OV
PRC
1
B
640
75/2000
660
80/2000
43
500K
N
80
N
Asset depletion available
80
75
dISPlay
AL AZ CA CO DC FL GA IA IL IN KY MD MI MN NC OH OR SC TN
TX VA WI
Angel Oak Mortgage Solutions
Minimum 500 credit score, up to 80% LTV, up to 50% DTI. No seasoning on short sale or foreclosure. Loans up to $2 million. 24-month bank-statement program for self-employed borrowers.
dISPlay
877-877-1477
www.athascapital.com
A
0x30/12
3
3
OVN
PRC
1-4
Full
B
700
80/750
50
NL
95
75
75
80
N
Alt-Doc/Stated also available!
A-
1x30/12
3
3
OVN
PRC
1-4
Full
B
650
75/750
50
NL
95
75
75
80
N
Alt-Doc/Stated also available!
B
0x60/12
2
2
OVN
PRC
1-4
Full
B
600
70/750
50
NL
95
70
70
75
N
Alt-Doc/Stated also available!
B-
1x60/12
1
1
OVN
PRC
1-4
Full
B
550
65/750
50
NL
95
60
60
65
N
Alt-Doc/Stated also available!
dISPlay
AZ CA CO ID KS MT ND NE NM OK OR SD TX UT WA WY
Athas Capital Group
Athas also has many other products! Please call one of our friendly wholesale reps and let us earn your “A” paper fallout business! Athas is also hiring existing hard-money reps in AZ, CA, CO, ID, OR, TX, UT and WA.
dISPlay
949-900-6630
www.citadelservicing.com
Grade A
0x30/12
3
3
OVN
PRC
1-4
Full
B
700
80/750
75/1000
70/2000
50
75%
80
75
75
80
N
No Short Sale, FC Sesoning,
Grade A-
1x30/12
2
2
OVN
PRC
1-4
Full
B
650
80/750
75/1000
70/2000
50
75%
80
75
75
80
N
No BK Seasoning
Grade B
Ux30/12
2
2
OVN
PRC
1-4
Full
B
600
75/750
70/1000
65/2000
50
70%
80
70
70
75
N
Bank Stmts for Income
Grade B-
Ux60/12
1
1
OVN
PRC
1-4
Full
B
550
70/750
65/1000
50
65%
80
70
70
70
N
OO to 500 FICO purch or refi
Grade C
Ux120/12
0
0
OVN
PRC
1-4
Full
B
500
65/750
50
60%
80
65
65
65
N
NO RESERVES!!
dISPlay
AZ CA CO FL GA ID NC OR TX UT VA WA
Citadel Servicing Corp.
Wholesale nonprime lender. Let's get back to smart lending! Full 30-year terms. No prepayment penalties. Short sale 1-yr. seasoning to 80%, No seasoning to 75%, bank statements for self-employed as income. $2M loan amounts.
dISPlay
800-400-5451
www.fnba.com/mortgagebrokers
A
Ux30/12
0
0
OVN
PRC
1-4
B
700
80/400
45
70%
80
70
70
70
N
SS, BK, Foreclosures okay
B
Ux30/12
0
0
OVN
PRC
1-4
B
660
75/900
50
70%
80
70
70
70
N
SS, BK, Foreclosures okay
C
Ux30/12
0
0
OVN
PRC
1-4
B
580
70/900
50
70%
80
70
70
70
N
SS, BK, Foreclosures okay
D
Ux30/12
0
0
OVN
PRC
1-4
B
500
65/900
50
65%
80
65
65
65
N
SS, BK, Foreclosures okay
dISPlay
NATIONWIDE except: AK AZ CA CO DC HI ID MT NM NV NY OH OR
TX UT WA WY
First National Bank of America
BK, foreclosure and short sales are all okay after 1 day. 24 month bank statement program. We also buy agency fallout loans; contact us today to discuss a loan scenario!
dISPlay
844-377-4856
PrivloWholesale.com
Alt-A
1x60/12
2
2
O
PR
1-4
Full
B
620
75/1000
680
80/2000
50
90
N
N
80
N
Self-Employed
1x60/12
1
1
O
PR
1-4
Full
SE
550
75/1000
620
80/2000
50
90
N
N
80
N
Housing Event
1x60/12
1
1
O
PR
1-4
Full
B
550
75/1000
620
80/2000
50
90
N
N
80
N
Medical BKs
1x60/12
1
1
O
PR
1-4
Full
B
550
75/1000
620
80/2000
50
90
N
N
80
N
Non-perm Res
1x60/12
1
1
O
PR
1-4
Full
B
550
75/1000
620
80/2000
50
90
N
N
80
N
Spiky Income
1x60/12
1
1
O
PR
1-4
Full
B
550
75/1000
620
80/2000
50
90
N
N
80
N
Custom-Doc
1x60/12
1
1
O
PR
1-4 Bank-24m
SE
620
75/1000
620
80/2000
50
90
N
N
80
N
Cash-out
0x30/12
2
2
O
C
1-4
B
620
75/1000
680
75/1000
50
90
N
N
75
N
Full
75%
dISPlay
CO ID MD MN TN TX VA
Privlo Wholesale
Privloans are the mortgage alternative for well-qualified borrowers who have fallen through the cracks of traditional agency and QM loan products. Add Privloans to your product mix and get more deals done. No prepayment penalties.
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: [email protected].
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Scotsman Guide Residential Edition | ScotsmanGuide.com | February 2015
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