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No Doc

Real Estate Investor


Aggressive Home Loan

The Aggressive Home Loan series is, frankly, poorly named but it is a very useful program. It offers the ability to purchase a home with a sales price up to $350,000 with only a 3% down payment. It is an FHA clone which allows significantly higher loan amounts than FHA.

Unique Features

  • Fixed Full Doc
  • 575 FICO 80.01-95.00**
  • 620 FICO 95.01-97.00
  • 97% LTV to $350,000
  • Non owners to 90% LTV
  • Debt Ratios to 50%
  • No Cash Reserves
  • BK & Foreclosures 24 Mos. Old
  • Collection & Charge Offs Allowed
  • SFR, Condo, Pud & 2-4 Units

Credit Requirements

  • A minimum of three credit references open for at least 12 mos. is required for each borrower (exceptions case by case)
  • All adverse credit, including delinquent taxes, must be current by loan closing
  • Collections & charge offs are allowed to $500.00 per account, $2,500.00 in aggregate
  • No sixty day (0x60) Mortgage delinquencies during the past 12 months
  • BK, Foreclosures none in past 24 months
  • Judgements must be paid

Credit Score Requirements

  • The primary borrower must meet minimum FICO score requirements

The primary borrower is defined as the borrower with at least 50% of the income used to qualify. If there is no primary borrower, all borrowers must meet minimum FICO score requirement 

I also have a Free report "Buying your First Home" available by email.

Brand New! I have purchased new financial modeling software that can do sophisticated analysis of your situation today as well as make suggestions on how small changes in how your mortgage is structured today can have a life changing effect in the years to come.  Read more

Aggressive Home LoanPrequalify for your Aggressive Home Loan


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Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage

                                                                                 Last update October 17, 2006