« Matrix: Subprime Niches

« Matrix: Subprime Niches »
Search matrix: ScotsmanGuide.com/SubprimeNiches
Y
Y
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Y
877-349-0501
WeApproveLoans.com
CA DC DE FL MD VA
Angel Oak Mortgage Solutions
Athas Capital Group
855-539-4910
www.angeloakwholesale.com
877-877-1477
www.athascapital.com
Citadel Servicing Corp.
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First National Bank of America
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949-900-6630
www.citadelservicing.com
Privlo Wholesale
800-400-5451
www.fnba.com/mortgagebrokers
844-774-8561
PrivloWholesale.com
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24 $K
25 $K
Y
Y
Y
Y
A
Y
Y
0
6
1
24
1B
1B
Y
Y
A
Y
5
Y
Y
Y
AZ CA CO FL GA ID NC OR TX UT WA
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Y
Y
Y
2
N
1B
24
Y
1
12
2
Y
24
Y
N
N
2
24
1.2B
Y
1B
U
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
Y
6
N
Y
24
1B
Y
A
N
N
Y
Y
12
750K
Recent BK, foreclosures, short sales are OK with equity. We have a loan program for foreign nationals.
We also buy agency fallout loans; contact us today to discuss a loan scenario!
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5
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N
Y
Y
Citadel Servicing, the first wholesale nonprime lender to re-enter the market with printed rates/matrix and uniform guidelines.
Specializing in purch/refi after short sale, BK or foreclosure. Let's get back to smart lending!
FL IA IN KY MI MN MO TN WI
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A
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Century-old, family-owned bank/NTL lender, offering Conv/Manuf/FHA/VA/USDA. Only overlay on conf. products is 660 FICO.
Wide range of products and competitive pricing. Check out our unique home-equity offerings.
NATIONWIDE except: MD
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29 30
Athas Capital Group is committed to the re-emergence of subprime. Please call one of our
friendly wholesale reps and let us earn your “A” paper fallout business!
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Y
Y
Y
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Y
AZ CA CO ID KS MT ND NE NM OK OR SD TX UT WA WY
Y
28 $K
Credit scores starting at 500. Bank statement program for self-employed borrowers. Up to 80% LTV, up to 50% DTI.
No seasoning on short sale or foreclosure. Loans up to $1 million.
AL CA CO FL GA NC ND SC TN
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26 27
We are a U.S. Treasury certified CDFI and our mission is to make loans for the underserved. All situations considered.
Y
CapWest Mortgage
844-707-7944
www.capwestmortgage.com
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12
3
24
2B
2B
Privloans are the mortgage alternative for well-qualified borrowers who have fallen through the cracks of traditional agency and QM loan products.
CO ID MD MN TX
Tell lenders you found them in Scotsman Guide
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ACC Mortgage Inc.
display
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COMPANY NAME
24 Combo loans: Maximum combined loan
amount
25 Construction, custom: Maximum loan
amount (see Construction matrix for more
details)
26 Foreclosure avoidance
27 Home improvement loans
28 Jumbo loans: Maximum loan amount (1st
only)
29 Mortgage Only credit option
30 40-year amortization with 30-year term
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1-4 unit single-family residences,
townhomes and condominiums.
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MISCELLANEOUS
15 Aliens (nonresident)/foreign nationals:
No green card, investment property
16 Builders, Realtors, developers:
Are no-income-verifier (NIV) loans available?
17 1 = Corporations, 2 = Trusts, 3 = Partnerships
18 Non-owner: More than four financed properties
allowed
19 Non-owner <5 units: Zoned other than residential
20 Seasoning/ownership: Can refi if home is owned
longer than: 1) __ # months or
2) N: No seasoning required
21 Seasoning/appraisal: Can use current appraised
value if home owned longer than 1) __ # months
or 2) N: No seasoning required
22 Seasoning/source: Downpayment funds must
be seasoned longer than: 1) __ # months
or 2) N: No seasoning required
23 Self-employed for minimum period (# of months)
display
scores as low as 500, alternative
income documentation and
ARM/fixed hybrid products for
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PROGRAMS AND OPTIONS
PROPERTY-RELATED ITEMS
Condotels at resort destinations
Condos: With only 2-3 units
Condos: High-rise
Condos: Owner-Occ Non-FNMA/FHLMC guidelines
(i.e., occupancy requirements, etc.)
Condos: Non-Owner-Occ Non-FNMA underwriting guidelines
(i.e., occupancy requirements, etc.)
Co-ops, where common to the area
Houseboats
Land: Maximum number of acres (U=Unlimited)
Log homes
Manufactured homes: Doublewide, post-July 1976 construction
Manufactured homes: Singlewide, real property
Manufactured homes: Pre-July 1976 construction, real property
Rural properties, residential use
Second dwelling on single tax lot
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24 $K
25 $K
26 27
28 $K
29 30
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: [email protected]
Scotsman Guide Residential Edition | ScotsmanGuide.com | November 2014
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The subprime matrix includes
wholesale mortgage lenders that
offer loan programs with FICO
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