Limited Docs guidelines

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The full Limited Docs guidelines, 9 parts and 64 topics, searchable by topic. Sign in to open any of them.

• Matrices4 topicsWVOE and P&L Qualification, WVOE and P&L Overlay and Summary Guidelines, Asset Utilization Qualification, Asset Utilization Overlay and Summary Guidelines
• Program and products8 topicsCompliance, Income Verification, AUS, Loan Terms
• Borrowers7 topicsEligible Borrowers, Ineligible Borrowers, First Time Home Buyers, Living Rent Free
• Transactions8 topicsInvestment Transactions, Ineligible Transactions, Prepays Offered 3 years, Purchase
• Credit8 topicsCredit Doc Age, Credit Scores and Tradelines Requirements, Forbearance, Deferred Payments, Modifications, Credit Counseling, Collections, Judgements, Liens
• Assets3 topicsAssets and Source of Funds, Gift Funds, Maximum Number of Financed Properties
• Income and qualification9 topicsCredit Report Data Included in DTI Ratios, Departing Residence, Qualifications, Wage Earners Income/Employment Qualification
• Vesting, property and appraisal6 topicsVesting in Limited Liability Companies, Partnerships, Corporations, and S Corporations (each, an “Entity”), Eligible Property Types, Ineligible Properties, Appraisal Transfer
• Closing and other requirements11 topicsNon-Arm’s Length Transaction, Seller Concessions, Rent Back, 1031 Exchange