Tom Byrne, Loan Officer NMLS# 2151316

Flexible Advantage is our home loan product that is an ideal solution for consumers with lower credit scores, high debt-to-income ratios, who are self-employed or need help documenting their income, or who have had a recent credit event – such as foreclosure, bankruptcy, short sale, missed credit card or late mortgage payments – and may not be eligible for conventional or government loan products.

Highlights of the Flexible Advantage* loan for purchase or refinancing include:

• Purchase, Refinance and Cash Out Loan Programs available
• Credit scores down to 550
• Loan amounts up to $1.5 million and cash-out up to $250,000
• Recent credit events such as bankruptcy, short sale, foreclosure and history of late payments are acceptable
• Single-family homes, town houses and condos are allowed
• Bank statements are acceptable to verify income in place of IRS tax documents for self-employed borrowers
• Cash-out refinance allows you to payoff higher interest rate loans, consolidate debt, pay for home improvements or college, and possibly lower overall monthly payments
• Fixed and Adjustable Rate Programs available
• No mortgage insurance required

Prime Advantage is a home financing solution for those who have high credit scores but miss qualifying for a conventional, government, or Jumbo loan, and may have credit events over 4 years old. Offering competitive pricing and allowing for the use of alternative income documentation, Prime Advantage offers loans up to $3.5 million.

• Credit scores from 660
• Purchase, refinance and cashout loans available
• Single-family homes, town houses and condos are allowed
• Loan amounts up to $3.5 million and cash-out up to $750,000
• Bank statements are acceptable to verify income in place of IRS tax documents for self-employed borrowers
• First-time homebuyers welcome
• Recent credit events such as bankruptcy, short sale, foreclosure and history of late payments are acceptable
• Fixed, Adjustable Rate, and Interest-Only Programs available
• No mortgage insurance