Our A-Minus 
Home Loans

Solution to Help Borrowers with Less Than Perfect Credit Histories and/or Limited Savings for a Down Payment (pdf file)

Today's competitive market demands that we as mortgage loan originators be able to reach and approve more borrowers. With Loan Prospector®'s A-minus offering, we can tap a large segment of the market--borrowers with less than perfect credit histories and/or limited savings for a down payment.

Typically, borrowers in this higher-risk subprime market segment have paid higher than conventional conforming interest rates. Through Loan Prospector's A-minus offering, our borrowers can obtain financing at a much lower cost and provide as little as a three percent down payment.

Features

Loan Prospector's A-minus offering give us:

• The ability to qualify for a loan even if you have some credit problems.

Key Advantages

Loan Prospector's A-minus offering allows you to:

• Provide a lower-cost source of funding for a large segment of borrowers
• Obtain Accept underwriting efficiencies for more loans
• Improve customer satisfaction by providing better service

Borrower Profile

A typical A-minus borrower may have:

• Credit record blemishes, such as being 30 days delinquent one or two times over the past year, but the capability to bring adverse credit current
• Limited funds for a down payment
• High debt due to medical bills, divorce or short-term loss of employment
• A clear bankruptcy and foreclosure record: no bankruptcy in the last two years; no foreclosure in the last three years

Eligible Mortgages

Loans which receive a Caution risk classification may be eligible for our A-minus offering. These loans include:

• 1-unit primary residences, second homes and investment properties
• 2- to 4-unit primary residences and investment properties
• Purchase, no cash-out and cash-out refinances
• Fixed-rate 30-, 20- and 15-year loans
• 7-year balloon/reset mortgages
• Adjustable-rate mortgages (ARMs)
• Affordable Gold® products (Affordable Gold 3/2 excluded)