SmartEdge
An attractive jumbo mortgage for those who are unable to secure traditional lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.
SmartEdge provides non-traditional features and flexible guidelines such as alternative income qualification and interest-only payments.
This loan product is attractive jumbo mortgage option for those who are unable to secure lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.
Key Features and Benefits:
For borrowers who don’t qualify for standard jumbo loans
Credit scores as low as 660 FICO
Up to $3 million loan amounts
Can have one late mortgage payment over the last 12 months
DTI up to 50%
30-year fixed-rate and 30-year interest-only fixed rate terms available
5/6, 7/6, 10/6 ARMs with interest-only options