Agency Plus Loan Program Highlights
  • Jumbo alternative with I/O options
  • Shorter waiting periods for derogatory credit events such as BK & foreclosure
  • Loan amounts up to $3MM | Cash out up to $2.5MM
  • No seasoning requirement for cash-out
  • Multiple term options:
    • ARM*: 5/1, 7/1, 10/1
    • Fixed: 15, 30
  • Only 1 appraisal required when loan amount is ≤ $1.5MM (LTV ≤ 75%)
  • Cash out from subject property may be used towards reserves**
  • Gift funds allowed for reserves***
  • LTV up to 90% | Min. FICO 680
  • Business funds allowed for down payment, closing costs, & reserves for self-employed borrowers
  • Short-term rental properties allowed
  • First time home buyers allowed with no LTV restrictions
  • US citizens, permanent resident aliens and non-permanent resident aliens allowed

A borrower with a 25% or greater ownership interest in a business is considered self-employed.
All states (including DC) are eligible except DE, ME, MA, WY.
*Interest only options available. No I/O in Illinois.
**Not available in Premier.
***Subject property must be primary or second home

Non-QM Agency Plus Program Sticker

Agency Plus Guidelines

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