Prime Advantage vs. Jumbo

October 29, 2020

Comparable Benefits with Easier Qualifications

Although the market for Jumbo loans is bouncing back for traditional banks, Carrington Mortgage Services offers borrowers a better-priced alternative – Carrington Prime Advantage℠ – that has comparable benefits with easier qualifications for loans up to $2.5 million. Dare to compare!

	"The Bank"	Carrington
One loan up to 85% LTV?	No	Yes We offer up to 85% LTV
DTI's Up to 50?	No	Yes
FICO's as low as 660?	No	Yes Our minimum is FICO 660
Less than a 2-year Income History?	No	Yes We allow 1-year of tax returns or W-2s to verify income
Qualify with bank statements?	No	Yes We allow 12 & 24 months of personal or business bank statements
12-month mortgage history?	No	Yes We only need a 12 month mortgage history when others need 24 months!
Less than 7-year BK and FC Seasoning?	No	Yes We require only 48 months seasoning for BK, FC, Short Sale, Modification or Deed In Lieu
Quick Approvals?	Some may	Yes Since we underwrite and service ourselves, we control the turn times!

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LOANS MUST BE LOCKED IN MARCH!

Contact your Account Executive with questions.

Government Agency Approvals

FHA Non-Supervised Mortgagee Approval #:
24751-0000-5

VA Automatic Lender Approval #:
902324-00-00

Mortgagee/Loss Payee Clause

Carrington Mortgage Services LLC
ISAOA/ATIMA
P.O. Box 692408
San Antonio, TX 78269-2408

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This information is provided for your convenience and Carrington Mortgage Services, LLC makes no warranties concerning the accuracy or completeness of any of the information. This is not financial or legal advice and should not be taken as such. This information is for mortgage professionals only and is not intended for distribution to consumers.

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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . 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: www.nmlsconsumeraccess.com.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00