Alternative Prime Full Documentation Loan
Alternative documentation is a process designed to expedite loan approval where the lender receives certain documents from the borrower as verification of income.
- 90% LTV (loan-to-value ratio) jumbo
- Up to 55% DTI (debt-to-income ratio)
- Allows asset utilization to supplement income
- Interest Only available
- Loan amounts up to $3 million
- Blended income using non-occupant co-borrowers
- First time home buyers up to 85% LTV (loan-to-value ratio)
- Min FICO (credit score) 620
