FLEX Loan

Not all borrowers are the same.

We say YES when others say NO. Our FLEX loan looks at each borrower's unique situation, combining common sense underwriting with our flexible NASB guidelines, to help more customers achieve their financial goals. We count virtually any assets you might hold, like a trust or retirement account, as income when qualifying you for a loan. If you are self-employed and fit within standard loan guidelines, our FLEX program can help borrowers finance their dream home.

Our FLEX loan offers you greater flexibility when looking for a home loan by offering:

• Less money down compared to the traditional 20%.
• Shorter waiting periods on a previous bankruptcy or foreclosure.
• Use of non-traditional income sources. We’ll consider income associated with trusts, retirement accounts and other non-traditional sources.
• Easier documentation for non-traditional income.

FLEX Loan Guidelines and Requirements

• Maximum loan amount is $726,200, minimum is $170,000
• 10% down payment
• A maximum debt-to-income ratio of 48%
• Three-year seasoning required on bankruptcy, six years on short sale or foreclosure