Transcription of Carrington Flexible Advantage Plus Program Matrix
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Carrington Flexible Advantage Plus Program Matrix
Product Matrix Carrington Flexible Advantage Plus Program Program Codes: See the Program Codes section Version 02/22/19. Program Maximum LTVs Primary Investment Program Max LTVs Program Requirements Full Doc Alternative Doc Full Doc Alternative Doc Purch & Cash Purch & Cash Purch & Cash Purch & Cash Loan Amount Reserves FICO R/T Out R/T Out R/T Out R/T Out Mortgage History 1x30x12. 720 90%* 85% 90%* 85% 85% 80% 80% 75% Foreclosure Seasoning 36 Months 680 90%* 85% 90%* 85% 80% 75% 80% 75% Short Sale/DIL Seasoning 36 Months $1,500,000 6 Months 660 90%* 80% 85% 80% 80% 75% 75% 70% Chapter 13 BK Seasoning 36 Months 640 85% 80% 85% 80% 80% 75% 75% 70% Chapter 7/11 BK Seasoning 36 Months 620 85% 80% 80% 80% 80% 70% 75% 70% Residual Income(1) $2,500.
COLLATERAL, continued All Properties Square Footage Minimum of 600 square feet of gross living area. Eligible Property Types SFR, PUD, Townhome, Condominium, 2-4 Unit, Modular and Mixed-Use Properties.
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