Near Prime
Expanded Access
AUS Express
Home Point Edge offers great loan options that include:
- A bank statement program to 90% LTV @ $1MM
- 5% down Jumbo purchase loans with near prime rates to $1.5MM
- Asset utilization on purchase loans to 90% LTV @ $1.5MM
- AUS Express program leverages DU findings for self-employed consumers
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Near Prime
Tier 1
- Near-prime rates for near-miss agency, prime jumbo, & self-employed customers!
- 5% down Jumbo Purchase w/ no MI
- 95% Max LTV / $484,350 - $1.5MM for Full-Doc
- 10% down Bank Statement Purchase
- 90% Max LTV / $100k - $1.0MM (Self-Employed using 12 or 24 Mos. Bank Statements)
- Asset Utilization Purchase to max 90% LTV / $1.5MM
- 4-year seasoning on housing or credit event
- 660 Minimum FICO
- Loan amounts from $100k- $2.5MM
- Full Doc, Personal or Business Bank Statements (12 or 24 mos.), and 1-year tax return / W-2 doc options
- 5/1 ARM, 7/1 ARM, and 30 FIXED
To view Tier 1 Full Doc At-A-Glance, click here
To view Tier 1 Alt Doc At-A-Glance, click here
Expanded Access
Tier 2
- Financing solutions for consumers with a less-than-perfect credit history
- 90% Max LTV (includes Bank Statements for Self-Employed)
- Non-Warrantable Condos to 80%
- Asset Utilization to 80%
- 1-year seasoning on housing or credit event
- 620 minimum FICO
- Allowance for recent late housing payments
- Loan amounts from $100k - $1.5MM
- Full Doc, Personal or Business Bank Statements (12 or 24 mos.), and 1-year tax return / W-2 doc options
- 5/1 ARM, 7/1 ARM, and 30 FIXED
To view Tier 2 At-A-Glance, click here
AUS Express
- Leverage DU* findings for self-employed bank statement borrowers!
- Non-Warrantable Condos to 80%
- Asset Utilization to 75%
- 4-year seasoning for bankruptcy and 7-year for foreclosure
- 680 minimum FICO
- Loan amounts from $150k- $2.0MM
- Doc, Personal or Business Bank Statements (24 mos.) doc options
- 5/1 ARM, 7/1 ARM, and 30 FIXED
To view AUS Express At-A-Glance, click here
