MANUAL UNDERWRITING FHA/VA/USDA
500 FICO on FHA/VA Purchase & Refinance Loans
550 FICO on Non-QM Purchase & Refinance Loans
550 FICO on USDA Purchase & Refinance loans
620 FICO on Conventional Purchase & Refi Loans
ZERO FICO with Second Borrower with FICO
Qualify off Wage Earner’s FICO
40% of our Non-QM loans have Exceptions!
Gift Funds Allowed on ALL our Non-QM Products including DSCR
12 & 24 Bank Statement Loans for Self-Employed Borrowers
12 & 24 Profit & Loss Only Loans for Self-Employed Borrowers
Mix and Match ALL Income Doc Types (not just 1099 with 1099)
Manufactured Homes on Leased Land
100% VA Cashout 640+ FICO
Cashout Amount can be used to meet Reserve Requirements
BK Seasoning on Non-QM as little as 1 Day
Current Chapter 13 Approvals (12 On-Time Payments)
Credit Disputes on Credit Report do NOT need removal
Non-Traditional Credit or Alternate Trade Line Options
BrokerIQ - Access all your loans and upload conditions 24/7
ProcessIQ - Let Carrington Process Your Loans for only $200
Low Lender Fees: $799 Agency/$900 Non-QM + $85 Tax Service
Personalized Non-QM Training with our Business Dev Team
Online customizable marketing materials for our Partners
DSCR Highlights:

Up to 85% LTV
Min FICO 620
Min DSCR .75 (other lenders are 1.0)
No income or employment verification required
Does not need to own a home to qualify
100% of Market Rent Value
Gift Funds Allowed
No Prepay Options
Short-Term Rentals (Air BNB)
Close under LLC is OK