Skip to main content
ALL NON-QM PROGRAMS
PRIME ADVANTAGESM
660 MIN FICO - FOR BORROWERS WHO JUST MISS QUALIFYING FOR AGENCY OR JUMBO FINANCING.
Ideal for:
- Loans that don’t fit government and conventional guidelines
- Self-employed and alternative documentation borrowers including
- 1099, P&L, 12 or 24-month bank statements (personal or business), asset depletion, W2 or full-doc
- Good credit borrowers
- ITIN borrowers (non-US citizens who live and pay taxes in the US)
Eligible Property Types Include; SFR, PUD, Townhome, Condominium, 2 Unit, Modular and Mixed-Use Properties.
Details
| Full Doc | Alt Doc |
|---|---|
| 660 Min FICO | 660 Min FICO |
| 90% Max LTV | 90% Max LTV |
- Loan amounts to $3.5M
- Cash-out limits to $1M
- Up to 50% DTI
- Mortgage history 1x30x12
- Seasoning: 48 Mo. from ch. 13,11 or 7 bankruptcy
- Seasoning: 48 Mo. from foreclosure or short sale
- Fixed-rate, ARM, & IO ARM options
- 40-year loan option available
Documents
- Carrington Prime Advantage Program Matrix
- Non-QM Underwriting Guidelines
- Non-QM Loan Submission Form
- Cover Letter (required)
An Equal Housing Opportunity Lender. Copyright 2007 -
2025
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: