New Product – Expanded Prime
Expanded Prime Now Available
These products will allow for a greater range of borrowers that may not be eligible for traditional conventional loans. These expand a borrower’s ability to qualify for a loan with various specialty situation especially self-employed borrowers and those with sufficient assets to cover a loan. This will expand our offerings to include self-employed borrowers with 12-24 months of personal or business bank statements, or those with sufficient assets to cover a loan.
Expanded Prime Features
- Personal & Business bank statements with the use of 1099’s
- Loan amounts up to $3M
- DTI up to 50%
- 1-year tax return and W-2 doc options
- Investors with greater than 10 properties
- Non-warrantable condos
- Prior foreclosure or bankruptcy
- Up to 90% LTV
- No MI on any of our products
For more information, trainings and documentation visit gmfsagent.com/expanded-prime