Carrington Prime Advantage℠ Overview
Carrington Prime Advantage℠ program with Fixed, ARM and Interest-only ARM options. Carrington Prime Advantage allows alternative income documentation along with competitive pricing and loan amounts up to $3,500,000 and is designed for higher-credit-quality, non-agency borrowers who fall between the Carrington Flexible Advantage Plus (CFA+) program and conventional or jumbo loans.
Products
- 30yr Fixed
- Fixed & Interest Interest-only
- 5/1 ARM
- 7/1 ARM
- 10/1 ARM
Matrices & Guidelines
Advantage iQual
Carrington Flexible Advantage Plus Overview
This is a great program to energize your pipeline with self-employed borrowers you may have previously had to turn away. With Flexible Advantage Plus, bank statements can be used in place of IRS tax documents to verify income. This program also offers financing solutions for borrowers with recent credit events (late payments, Foreclosures, Bankruptcy). Credit scores down to 620 may qualify.
Products
- 30yr Fixed
- 5/1 ARM
- 7/1 ARM
- 10/1 ARM
Matrices & Guidelines
- Carrington Flexible Advantage Plus℠ (near prime) Product Matrix
- Carrington Flexible Advantage Plus℠ (near prime) Underwriting Guidelines
Advantage iQual
Carrington Flexible Advantage Overview
If you have borrowers with recent credit events (late payments, Foreclosures, Bankruptcy) and or credit scores down to 550, Flexible Advantage is the Non-QM loan program you’ve been looking for. Alternative documentation/bank statements can be used to verify income in place of IRS Tax documents. Available on purchases, refinance, and cash-out refinance loans.
Products
- 30yr Fixed
- 5/1 ARM
- 7/1 ARM
- 10/1 ARM
Matrices & Guidelines
Advantage iQual
Carrington Investor Advantage (DCR) Overview
Carrington is offering an Investment loan product for purchase, refinance and cash-out refinance with loan amounts up to $2.5 million, up to 82.5% LTV and NO Prepayment or MI! 5/1 and 10/1 LIBOR ARM options available. Borrowers with credit events (late payments, Foreclosures, Bankruptcy) and credit scores down to 660 may qualify. No employment or income documentation required. The borrower only needs to have a Debt Coverage Ratio (DCR) greater than or equal to .75.
Products
- 5/1 ARM
- 10/1 ARM
- 30yr Fixed
Matrices & Guidelines
Advantage iQual
