First time homebuyers allowed.
Loans > $453,100 ($636,150 in some counties).
Purchase/Refi to $1.5M with 660 FICO, 90% LTV.
Purchase/Refi to $1.5M with 610 FICO, 80% LTV.
No need for Mortgage Insurance (MI).
Reserves requirements 3-9 months.
DTI up to 55% with 75% LTV and 680 FICO.
ARM loans up to $1.5M with 75%-90% LTV.
Cash-out Refi to $1M ($750K for debt consol).
100% gift funds permitted from family members.
Existing mortgage no more than 45 days late.
Mortgage/rent no worse than 1x60x12.
Non-traditional credit allowed.