FLEXIBLE FULL DOC PROGRAM

QUICK FACTS

  • Combine with Asset Depletion for Qualifying
  • Interest Only Option
  • Loan Amounts Above High Balance to $2.5 Million
  • LTV up to 80% on Purchase and Refinance
  • DTI up to 50% with 720 FICO
  • Available on Primary, Second & Investment Properties
  • 30-Year Fixed Rate Term
  • Cash-Out as Reserves
  • Cash-Out Refinance Options

REQUIREMENTS

  • Min 680 FICO Required
  • Max Cash Out LTV 75%
  • Must Qualify at Fully Amortized Principal & Interest Payment
  • 2 Full Appraisals Required > $1.5 MM Refinance or > $2.0 MM Purchase
  • Property Condition of C3 or Greater Required
  • Reserves of 6 Months Required < $1 MM, 12 Months Required >$1 MM
  • 2 Years of Full Income Documentation Required
  • Seasoning of Funds Required
Powerful options make qualifying your borrower easier when using our Select Jumbo loan program. We accept FICO scores as low as 680 and LTV's up to 80% on purchases and refinances. And while our generous maximum 50% DTI ratio can make a big difference, our Select program offers more. Borrowers with high liquid assets can layer our Asset Depletion program on top of our Select Jumbo program increasing the likelihood to qualify. Furthermore, an interest-only option helps drive down monthly payments for the first 10 years and refinance scenarios allow for cash-out funds to be used for reserves. If you are looking for a Jumbo program from high-balance to $2.5 million, WesLend Select Jumbo is worth your consideration. Contact us for more details and eligibility today!
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