Carrington Mortgage Services, LLC (CMS) is pleased to announce the following guideline enhancements for the Non-QM loan programs (Prime Advantage, Flexible Advantage Plus and Investor Advantage). These changes are effective September 13, 2021.
The Prime Advantage program has the following enhancements:
|Program Maximum LTVs||Primary Residence & Second Homes|
|Full Doc||Alt Doc|
|Loan Amount||Reserves||FICO||Purchase & R/T||Cash Out||Purchase & R/T||Cash Out|
The Investor Advantage program has the following enhancements:
The Flexible Advantage Plus program has the following enhancement:
Please contact CorrespondentRM@carringtonms.com with any questions.
Carrington thanks you for your business.
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