The Back Home Mortgage is an Alt-A program with relaxed requirements including a minimum 620 FICO score, 2 years from Short Sale, or 3 years from Foreclosure. A FICO score of 620 may qualify for 70% CLTV on primary residence or 65% CLTV on second home. A 660 FICO score increases potential CLTV to 80% on a primary residence or 75% on a second home. A FICO score of 660 may qualify for 70% CLTV on an investment property.

Relaxed requirements for borrowers with recent short sales or foreclosures.Back Home Mortgage


Mortgage history requirements include 0 x 30 last 24 months for all REO for all borrowers on transaction; less than 12 months history eligible with 720 FICO score and 2 times residual income; 12-24 months housing history eligible with 720 FICO score and 1.5 times residual income.

Trade line requirements include 2 trades for each qualifying borrower. At least one trade line must be open and active for 24 months. A current mortgage 0 x 30 for the past 60 months will override this requirement.

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Programs available to qualified borrowers only. Some Restrictions may apply. Programs subject to change without notice. Contact eLucid for more information.

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