Loan Purpose
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Purchase (Including Delayed Purchase Within 180 days Without Financing)
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Rate/Term Refinance
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Cash-Out Refinance
Loan Product
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30-year Fixed Rate Mortgage (FRM)
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5/1 Adjustable Rate Mortgage (ARM)
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7/1 ARM
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10/1 ARM
*IO Options are Available
Loan to Value ("LTV")
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Up to 80%
Loan to Cost ("LTC")
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Up to 85%
Minimum Property Value
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$100,000
Minimum Loan Amounts
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$55,000 for Single Family
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$75,000 for 2-4 Family
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$100,000 for 5-8 Units
Maximum Loan Amounts
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$2,000,000* for Single Family
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$3,000,000* for 2-4 Family
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$3,000,000* for 5-8 Units
*Larger loan balances are only permitted on an exception basis that requires Invigorate Scenario Desk Review.
Other
Product Offerings
Residential Products
Business Purpose Products
Eligible Property Types
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Single Family Residence (SFR)
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2 to 4 Family
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5 to 8 Units Warrantable Condominiums (FNMA Guidelines)
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Townhomes
All properties must be in lease-ready condition.
Property Locations
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Major MSA’s and secondary markets
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No Rural Properties (as designated on appraisal)
(Product not available in Alaska, Hawaii, Puerto Rico, US Virgin Islands.)
Eligible Borrowers
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U.S Citizens/Permanent Resident Aliens
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Non-US Residents
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Foreign Nationals
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LLCs, LPs, Trusts & Corporations
Recourse
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Recourse and Non-recourse Options Available
Minimum Credit Score
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650