What is SmartEdge?
For borrowers who fall just outside of strict jumbo loan guidelines, SmartEdge may be a perfect financing solution. What’s different? Non-traditional features, flexible guidelines, and interest-only payments.
The best part? This is a great solution for borrowers who have had a credit event (like a bankruptcy, short sale, or foreclosure) in the past that prevents them from qualifying for conforming loans.
Who can benefit from SmartEdge?
Do these scenarios sound familiar?
Jason was a former professional athlete who invested the majority of his earnings in real estate. After a financial crisis, he had to foreclose on one of the properties. After rebounding financially, he was happy to hear that although he experienced a foreclosure three years prior, he was able to qualify for SmartEdge and purchase a new million-dollar rental property.
Isabelle sold a multi-million-dollar business, set up a trust fund for her family, and invested in stock. Because she has no reportable income from the last few years, she was unable to qualify for a jumbo loan to purchase a home. Instead, her assets were used to qualify her for her SmartEdge.