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)
Ready to Apply? Click Here
