Unlimited LTV Refinance Product

We will cash out 1 day after close of escrow

Useful when an owner wants a quick close of escrow due to auction or seller requirements or simply to be more competitive in their offer

  • Minimum credit score 620
  • 30 year fixed
  • Minimum LTV required, no maximum LTV
  • DU/LPA approval required
  • Requirements of loan to be refinanced:
    • Note date must be on or after October 1, 2017
    • Must be seasoned 15 months at time of new note
    • Must be owned by FNMA or FHLMC
    • No delinquencies >30 days in previous 12 months, no delinquencies in previous 6 months
  • Borrower must receive one of the following benefits:
    • Lower P&I payment
    • Lower interest rate
    • Reduce term
    • Move to more stable product
  • Mortgage insurance is only required if current loan is covered, MI must be transferred

This is not a commitment to lend. Prices and guidelines are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision.