Comparable Benefits with Easier Qualifications
Although the market for Jumbo loans is bouncing back for traditional banks, Carrington Mortgage Services offers borrowers a better-priced alternative – Carrington Prime Advantage℠ – that has comparable benefits with easier qualifications for loans up to $2.5 million. Dare to compare!
|One loan up to 90% LTV?||No||
|DTI's Up to 50%?||No||Yes|
|FICO's as low as 660?||No||Yes
Our minimum is FICO 660
|Less than a 2-year Income History?||No||Yes
We allow 1-year of tax returns or W-2s to verify income
|Qualify with bank statements?||No||Yes
We allow 12 & 24 months of personal or business bank statements
|12-month mortgage history?||No||Yes
We only need a 12 month mortgage history when others need 24 months!
|Less than 7-year BK and FC Seasoning?||No||Yes
We require only 48 months seasoning for BK, FC, Short Sale, Modification or Deed In Lieu
|Quick Approvals?||Some may||Yes
Since we underwrite and service ourselves, we control the turn times!
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00