Recent Changes / Enhancements include:

1. Improvements to the Bank Statement Program
   1. No longer have to look at lower of 1003 and bank statements for the income analysis
   2. Reduced minimum ownership percentage from 50% to 25% to utilize business bank statements
2. Increased Maximum Cash out allowed on your Expanded Prime Program
3. Reduced LTV impact in declining markets
4. Improvements to DSCR FICO/LTV matrices
5. Mortgage Histories only have to be verified for the subject and primary on the DSCR program
6. Improvements to pricing across all programs

Click here for specifics on the guideline changes.

*Effective immediately – income review analysis on bank statements (both business and personal) is limited to 12 months for pre-looks. 24 months can still be provided if needed for full underwrite. Questions can be directed to [email protected]

The Guide, Matrices and all other training materials have been updated to reflect these changes.

• Expanded Products Underwriting Guide
• Expanded Matrices
• Expanded Training Guide
• Expanded FAQ

Thank you for your business and interest in our Expanded Programs!