Expanded Lending Options for Non- Conventional Borrowers

Class Date(s): May, 1st, 2019 02:00 PM - 04:00 PM
Credit Hours: No CE
Instructor: Movement Mortgage
Price: $0.00
Location: 600 McGee Rd, Anderson, SC 29625

Class Description:

Join Movement Mortgage as they provide a free class on out of the box options to get more buyers approved and to the closing table.

EXPANDED ACCESS – Your Loan Emergency Option!

The Expanded Access suite of products are designed for borrowers who do not qualify for Agency (FNMA, FHLMC, USDA, VA) products based on minimum standards specific to product type, eligibility rules, documentation, credit, or property type.

The Expanded Access products offers flexible lending options as it relates to the following:

➢ Income Documentation Options

  • Full Documentation – 24 months documentation
  • Alternative Documentation – 12 months documentation
  • Bank Statement Qualifying – 12- and 24-month documentation
  • Asset Depletion – 6 months documentation
  • Debt Service Coverage Ratio (“DSCR”) – Investment Property

➢ Expanded Credit Standards

  •  Settled Major Housing Event – minimum 24-months seasoning
  • Settled Bankruptcy – minimum 24-months seasoning
  • Recent Late Payments on Housing

➢ Expanded Eligibility

  • Loan Amounts up to $3,000,000
  • LTV’s up to 95% o Debt Ratios up to 55%
  • Min FICO: 620 o Interest-Only Products
  • Professional Investors – Maximum 10 Financed Properties
  • Foreign Nationals – Second Home or Investment Occupancy

Class Conduct:  All cellular phones are to be turned off during class room hours and no texting is allowed. All students are required to participate in class activities in order to receive course credit. The instructor has the right to have any disruptive student removed from the class.

Payment: Payment in full must accompany all registrations. Registrations received after 3:00pm the day prior to class will be considered walk-ins. All cancellations must be submitted in writing. Tuition will be refunded if written notice is received two days prior to class.  No refunds will be given for “no shows” on class day.

Cancellation of Course:  We reserve the right to cancel any course due to low pre-registration or weather emergencies. If such an emergency warrants the rescheduling of a course, those registered will be notified as soon as possible. If class is cancelled for any reason by the instructor or provider, a full refund will be given to registered students. Our courses are offered to anyone regardless of race, color, religion, sex, national origin, familiar status, or handicap.  If you need special accommodations, please notify us at enrollment.

Certificate:  Upon successful completion of this course, students will receive certificate of attendance.

Mandatory Attendance:  Registered participants are required to attend the entire seminar and participate in order to receive continuing education credit.  No partial credit will be given. Any student arriving late will be allowed to attend, but will not be given credit or issued a certificate.

By submitting this form, I have read and hereby consent to the above policies.


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