Non-Prime Loan Programs

Non-prime mortgages are for those with either bad credit or no credit. Historically a non-prime loan will have a higher interest rate than conventional or FHA loans.

These are the non-prime loan programs that United Mortgage Plus offers:

Liberty Non-Prime Program

• For Self-Employed Borrowers

• People who have had a foreclosure or bankruptcy

• People who have had a prior tax lien on a property

• Foreign Nationals up to 75% LTV/CLTV

• Investors with up to 20 properties​​​​​​​

• Up to 80% Financing

• Up to $2 million on select products

• DTI up to %50

• Minimum 500 FICO

Non-Prime/Recent Housing Event​​​​​​​

• 1 Day Out Of Foreclosure, Short Sale, BK, DIL

• Rates Starting In The 5’s

• Loans Up To $1 Million (Over $1M Case By Case)

• Credit Scores Down To 500 (Including Jumbo Loans)

• Up To 85% LTV With No MI

• Mortgage Lates Are OK

• 100% Gift Funds Allowed

• DTI Up To 50% Considered

• Owner-Occupied, 2nd Homes, Investment Properties

• 5/1 ARM Or 30-Year Fixed

• No Pre-Payment For Owner-Occupied And 2nd Homes

• No Active Tradelines OK With Housing History

• SFRs, Townhomes, Condos, 2-4 Units

• Seller Concessions To 6% (2% For Investment)

• Non-Warrantable Condos Considered

• Up To 100% Investor Concentration Allowed

Portfolio Select/Alt-A​​​​​

• Rates Starting In The 5’s

• Up To 90% LTV With No MI

• 2 Years Seasoning Foreclosure, Short Sale, BK, DIL

• Loans Up To $2 million (Minimum Loan $75,000)

• Credit Scores Down To 620

• Cash Out For Reserves OK

• Gift Funds Allowed

• DTI Up To 50% Considered

• Owner-Occupied, 2nd Homes, Investment Properties

• Interest Only Program Available

• 5/1 ARM Or 30-Year Fixed

• No Pre-Payment Penalty For Owner-Occ And 2nd Homes

• SFRs, Townhomes, Condos, 2-4 Units

• Seller Concessions To 6% (2% For Investment)

• Non-Warrantable Condos Considered

• Up To 100% Investor Concentration Allowed

Bank Statement ARMs​​​

• No Tax Returns/Transcripts Required

• 12 Month Bank Statements Now Available

• 24 Months Bank Statements (Personal Or Business)

• Loans Up To $2 million (Min Loan Amount $150,000)

• Credit Scores Down To 620

• Rates Starting In The Low 5’s

• Personal To 90% LTV (No MI), Business To 80% LTV

• DTI Above 35/43 Considered With 660+ Credit Score

• Owner-Occupied, 2nd Homes, Investment Properties

• 2 Years Seasoning Foreclosure, Short Sale, BK, DIL

• Non-Warrantable Condos Considered

• 5/1 ARM Or 30-Year FixedGift Funds Allowed

• No Pre-Payment Penalty F

• or Owner-Occ And 2nd Homes

• SFRs, Townhomes, Condos, 2-4 Units

• Seller Concessions To 6% (2% For Investment)

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