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AMP Mortage
Profit & Loss

Alternative documentation options for self-employed borrowers

Income calculated based on net income from third-party prepared P&L statement

No limit on cash out up to 60% LTV, over 60% LTV, max cash out $750k

Max 80% LTV on purchase and 70% on cash-out refinances

Two-year history of self-employment required

DTI up to 50% | FTHB Max DTI 45%

Primary earner FICO score utilized

Temporary buydowns allowed

Min. 660 FICO

Loan amounts up to $4MM

1–4-unit properties, warrantable condos, PUDs, certain mixed-use properties, non-warrantable condos/condotels, Co-Ops and manufactured homes allowed

Primary Residences, Second Homes, and Investment Properties

12 months out of a credit event allowed

Supplemental full doc income allowed

0x60x12 allowed
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