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Announcement 22-0011: Updated First Time Investor LTV Requirements - CMS Non-QM Investor Advantage Program

April 18, 2022


Effective April 18, 2022, Carrington Mortgage Services, LLC (CMS) is pleased to announce an Investor Advantage program enhancement to increase the maximum LTV to 75% for First Time Investors with higher FICO scores. The maximum LTV requirements for First Time Investors are outlined below:

  • Maximum LTV = 75% with FICO ≥ 680 and DSCR ≥ 1.00, or
  • Maximum LTV = 65% with FICO < 680 or DSCR < 1.00

Please Note: This change is effective for all new loan submissions and loans in the pipeline.


Please contact with any questions.

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

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