Why Choose Arc Home for Correspondent Lending?

 

Arc Access Non-QM

 

Alternative Income - Bank Statements

 

  •  12- and 24-month bank statements to 85% LTV at 680 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 75% LTV at 680 FICO, loan amount to $1.0mm
  •  DSCR down to .75
  •  Cash-Out Refinance up to 70% 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

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 85% LTV with 680 FICO
  •  Loan amounts to $3.0mm
  •  Up to 50% DTI
  •  Interest Only available

 

 

 

 

 

 

 

 

 

 

 

 

Arc Elite Alt Doc and Full Doc Prime

 

 

 

Elite – Agency Plus

 

  •  Up to 89.99% LTV
  •  Credit score down to 640
  •  Loan amounts from $100,000 to $3,000,000
  •  DTI up to 50%
  •  Primary Residence and Second Home
  •  Full Doc income

Elite – Alt Income

 

  •  Up to 80% LTV
  •  Credit score down to 680
  •  Loan amounts from $100,000 to $3,000,000
  •  DTI up to 50%
  •  Primary Residence and Second Home
  •  Available for Bank Statement, 1099, One Year Full Doc, and Asset Utilization income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prime Products

 

Conventional

 

  •  Fixed Rate, 5/6 & 7/6 SOFR ARMs
  •  Single Family, 1-4 Units, PUDs, Condos
  •  Primary Residence, Second Home or Investment
  •  97% Max LTV, 1 Unit Purchase Transaction
  •  High Balance and Super Conforming loan amounts permitted
  •  DU Approve/Eligible or LPA Accept

Conventional
Investment Property

 

  •  Investment property transactions only
  •  Up to 85% LTV – no MI
  •  Credit score down to 640
  •  30-Year Fixed Rate (Fully Amortized)
  •  Loan amounts eligible from $100,000 to $2MM
  •  AUS Underwriting – DU Approve or LPA Accept

FNMA/FHLMC Second Home
& Investment

 

  •  Up to 80% LTV
  •  Credit score per AUS
  •  30-Year Fixed Rate (Fully Amortized)
  •  Loan amounts from $100,000 to Conforming Loan Limit
  •  Full Doc income
  •  AUS Underwriting – 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
  •  580 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
  •  580 minimum FICO
    (Temporarily 600 minimum FICO)
  •  $1MM 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