Below are some highlights on the Mortgage Connect Portfolio Product.

We have FULL DOCS and NON QM options. 

Highlights:

Loan amounts from 200K – 2.5 million

No secondary financing hit

No hits for second homes

No hits for 2-4 units

Reduced non owner hit ( .375 for under 70% and .750 for over 70%)

Cash out hit only .500

Condo hit over 75% only .375

No LLPA hits for credit scores ( only need to meet the minimum required score)

AUS program –full docs

DTI capped at 45%

Reserves ( follow AUS findings) for full docs

Transferred appraisals okay

No cap on the # of financed properties

We also offer a Reduced doc option as well.  ( bank statements, DSCR, and Assets options)

No Prepayment Penalty

WE have fixed rate options, arms, and interest only arm options.

We have a true 6 month arm product in addition to the 1yr, 3yr, 5yr, 7y, and 10 yr options