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!

piggybank
"The Bank"
partnership
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!

[one_third]
[btn link="/advantage-iqual/" color="steelBlue" size="size-xl"]RUN A NON-QM SCENARIO[/btn]
[/one_third]
[one_third_last]
[btn link="/become-approved/" color="steelBlue" size="size-xl"]BECOME APPROVED[/btn]
[/one_third_last]
 
 

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

Industry Links

Loan Limits LookupMortgage Letters
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.
CAREERSINVESTORSabout uswholesale

An Equal Housing Opportunity Lender. Copyright 2007 - 2022 . 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.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services is one of the leading wholesale mortgage lenders.

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

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram