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ALL NON-QM PROGRAMS
PRIME ADVANTAGESM
660 MIN FICO - FOR BORROWERS WHO JUST MISS QUALIFYING FOR AGENCY OR JUMBO FINANCING.
Ideal for:
- Loans that don’t fit government and conventional guidelines
- Self-employed and alternative documentation borrowers including
- 1099, P&L, 12 or 24-month bank statements (personal or business), asset depletion, W2 or full-doc
- Good credit borrowers
- ITIN borrowers (non-US citizens who live and pay taxes in the US)
Eligible Property Types Include; SFR, PUD, Townhome, Condominium, 2 Unit, Modular and Mixed-Use Properties.
Details
| Full Doc | Alt Doc |
|---|---|
| 660 Min FICO | 660 Min FICO |
| 90% Max LTV | 90% Max LTV |
- Loan amounts to $3.5M
- Cash-out limits to $1M
- Up to 50% DTI
- Mortgage history 1x30x12
- Seasoning: 48 Mo. from ch. 13,11 or 7 bankruptcy
- Seasoning: 48 Mo. from foreclosure or short sale
- Fixed-rate, ARM, & IO ARM options
- 40-year loan option available
Documents
- Carrington Prime Advantage Program Matrix
- Carrington Prime Advantage Underwriting Guidelines
- Non-QM Loan Submission Form
- Cover Letter (required)
An Equal Housing Opportunity Lender. Copyright 2026. Carrington Mortgage Services, LLC headquartered at 500 North State College Boulevard, Suites 1030, 1300, and 1400, Orange, CA 92868. 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: