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1 DAY OFF MLS! Looking to take cash out? Southtrust Funding says OK. Conforming loan limits only
Southtrust Funding on the Web
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Primary Residence Stated Income
Purchase
680 fico 75% LTV 1-2 units
720 fico 90% LTV 1-2 units
700 fico 75% LTV 3-4 units
720 fico 80% LTV 3-4 units
Cash Out
700 fico 70% LTV 1-2 units
720 fico 85% LTV 1-2 units
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Second Home Stated Income
Purchase
680 fico 75% LTV 1 unit Only
700 fico 80% LTV 1 unit Only
Cash Out
680 fico 70% LTV 1 unit Only
720 fico 75% LTV 1 unit Only
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Investment Property Stated Income
Purchase
680 fico 75% LTV 1-2 units
720 fico 80% LTV 1-2 units
700 fico 75% LTV 3-4 units
Cash Out
680 fico 70% LTV 1-2 units
720 fico 75% LTV 1 unit ONLY
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Trade Line & Assets Guidelines
3 trade lines open/active 24 months
1 must be an installment account
Borrowers with >= 700 fico generally do not need reserves
Reserves are at Underwriter's discretion
Cash Out may NOT be used to satisfy reserve requirements
No 4506T signed is available for Stated Loans
No Payment Shock or VOR for FTHB's
***This product is ONLY available in FL & CA***
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