Overlays

All Loans

  • Manufactured Homes require FICO of 640
  • Anthem Capital’s Lending Limit is $1,850,000, please reach out to Patrick Benoist for exceptions to the maximum loan amount
  • Loans with Prepayment Penalties are allowed on DSCR loans only
  • Conventional loans require a 620 FICO: please submit exceptions to the scenario box, at Scenariodesk@anthemtpo.com)

VA Additional Requirements

  • Minimum FICO 600
  • Base loan Amount of =$1,000,000 require FICO of 700 and max DTI of 50%
  • Base loan Amounts of > $1,000,000 require FICO of 720 and Maximum 45% DTI (Does not apply to IRRRLs) Required seasoning on an IRRRL is 240 Days
  • Maximum loan amount is $1,850,000

VA Additional Requirements

  • Manual FHA Underwriting upon exception only, and require second sign

USDA Additional Requirements

  • Minimum FICO 580, and approve eligible only

NON-QM Loan Programs Additional Requirements

  • DSCR Refinance:
    • Long-term Rentals will require lease agreements
    • Short-term Rentals require 12 months of operating history and receipts from the rental platform/property management company
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