Loan up to 102% of appraised value.
No mortgage insurance.
No credit explanations when credit score is 620
No minimum credit score.
No reserves required.
No cash contribution required from borrower.
Unrestricted gifts, no need to document source.
No max loan amount.
Repayment Ratios are 29/41. Liberal ratio
waivers with documented compensating factors.
No limit on total debt to value ratio (CLTV)
Non-traditional credit may substitute for lack
of traditional credit history.
Not limited to first-time home buyers.
Very competitive rates (set by underwriting