Why Choose Arc Home for Correspondent Lending?
Conventional
- Fixed Rate, 5/6 & 7/6 SOFR ARMs
- Single Family, 1-4 Units, PUDs, Condos
- Primary Residence, Second Homes and Investment Properties
- 97% Max LTV, 1 Unit Purchase Transaction
- High Balance and Super Conforming loan amounts permitted
- DU Approve/Eligible or LPA Accept
HomeReady®
- 97% Max LTV
- Income limits 80% of AMI
- Standard and High Balance loan amounts permitted
- Fixed Rate, 5/6 & 7/6 SOFR ARMs
- 1-4 Units, PUDs and Warrantable Condos
- 105% Max CLTV with eligible Community Second
Home Possible®
- 97% Max LTV
- Income limits 80% of AMI
- Standard and Super Conforming loan amounts permitted
- Fixed Rate, 5/6 & 7/6 SOFR ARMs
- 1-4 Units, PUDs and Warrantable Condos
- 105% Max CLTV with Affordable Second
FHA
- 1-4 Units, PUDs and HUD approved condos
- Standard and High Balance loan amounts permitted
- 600 minimum FICO
- Streamline Refinance available with FICO
VA
- 1-4 Units, Modular Homes, PUDs and VA approved condos
- Standard and High Balance loan amounts permitted
- 600 minimum FICO
- $1.00MM max loan amount
- IRRRLs available with FICO
Jumbo Prime
- 15- and 30-Year Fixed Rate (Fully Amortizing)
- 5/6m, 7/6m & 10/6m SOFR ARMs (Fully Amortizing)
- Primary Residence, Second Homes and Investment Properties
- 89.99% max LTV – no MI
- $3MM max loan amount
- First time home buyer allowed
Non-QM Arc Access
Alternative Income - Bank Statements
- 12- and 24-month bank statements to 90% LTV at 660 FICO to $1.5mm
- 12- and 24-month bank statements to 80% LTV at 720 FICO to $2mm
- Up to 50% DTI
- Concierge Scenario Desk does the income calculations for you
Asset Utilization
Qualification
- Qualify your borrower by dividing their assets over 3 YEARS!
- Up to 70% LTV for cash-out refinance
- Minimum FICO 660
- Max DTI 40%
- Primary Residence, Second Home or Investment
DSCR
- Loan Amounts to $2.5mm
- Up to 80% LTV at 660 FICO, loan amount to $1.0mm
- DSCR down to .75
- Cash-Out Refinance up to 75% LTV
Agency Plus
- Up to 90% LTV at 660 FICO to $1.5mm
- DTI up to 50%
- Non-Warrantable condos eligible
- Multi-Unit properties eligible
- First Time Home Buyers allowed
- Non-Permanent Resident Aliens eligible
Clean Slate
- 12 months seasoning for credit event
- 1x30 housing history eligible
- Loan amounts to $2.0mm at 80% LTV
- 620 FICO to 65% LTV at $1.5mm loan amounts
- Alternative income options available
Foreign National
- Up to 70% LTV with loan amount to $1.5mm
- Loan amounts to $2.5mm at 65% LTV
- Non-Warrantable condos eligible
- DSCR available to 70% LTV
ITIN
- Up to 75% LTV Purchase
- Up to 65% LTV Cash-Out
- Full Doc or Bank Statements for Income Qualification
- Down to a 680 FICO
- Up to $1mm
No Ratio Program
- No income or DTI calculation - qualify on asset balance!
- Up to 70% LTV - Purchase and Rate/Term
- Loan amounts to $2.5mm
- Minimum FICO 640
Alternative Income
- 1099 Income
- Up to 90% LTV with 660 FICO
- Loan amounts to $3.0mm
- Up to 50% DTI
- Interest Only available