107% Purchases & Refinances
Not enough VALUE? Higher PAYOFFS?
South One's 107% Purchase Program is the answer!
- No MI
- No Prepay
- Scores as low as 620 (103%) and 680 (107%)
- Loan Amounts up to $400K
- 30 Year Term available
- $1500 Disposable Income
- Non-mortgage debt consolidation
- Purchases also available
Investment Property
An Investment Property is a 1-4 unit property suitable for occupancy year-round
- Cash out up to 85% LTV
- Rate/Term refi up to 90% LTV
125% 2nd Mortgages
- Low Fixed Rates
- Simultaneous Closings available
- 640 + middle score for primary wage earner
- 50% D/I, $75K loan amount, $30K cash out and Stated value up to $35K with qualifying credit
Bankruptcy
- Full Doc
- Owner Occupied
- No Seasoning Required on discharged bankruptcy
- Unlimited Derogatory Consumer Credit
- No Re-established Credit Required!
- Eligible Properties: SFR, PUDs, Condos < 4 stories
Credit Score |
|
|
Max Financing |
| 600+ |
|
|
100%* |
| 580-599 |
|
|
90% |
| 560-579 |
|
|
85% |
| 540-559 |
|
|
80% |
*Combo Financing
Doublewides
- 100% Financing Available
- Land/Home Packages
- Conforming Rates
Slow Credit
- Scores down to 500
- Approvials up to 1 X 90 days late on mortgage
- Disregard late consumer payments
Stated Income
- 100% LTV programs available
- Self-Employed
- Wage Earner
No Income Verification
- 95% LTV purchase or rate/term refinance
- No employment or income information needed
- Scores down to 600
Click to go back to home page Click to go to the top