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
*Home Point Edge is not a Fannie Mae product

To view AUS Express At-A-Glance, click here

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