AMPOSSIBLE is a Game-Changing program that unlocks the door to homeownership. AMPOSSIBLE provides access to home financing for those in the gap between renting and owning. In addition, AMPOSSIBLE offers seller-provided home loans to consumers entering new careers, gig workers, business owners, or those simply having difficulty qualifying for a traditional home mortgage.

Advantages

• 96.5% financing up to FHA loan limits.

• No income or asset seasoning required. 

• 40-year amortization.

• DACA or borrowers who do not have SSNs (ITIN) eligible. 

• S/E, 1099 and gig workers less than 1 yr. allowed.*(1)

(1) Most recent filed return, P&L, and bank statement for cash flow.

Criteria

• Max PTI/DTI: 42% | 55% (38% max for self-employed + No Score).

• 1 payment in liquid reserves (proof of funds for cash to close required).

• 12 months verified housing history required.

• 600+ credit score (660+ for self-employed or 2nd home) required.

• Owner Occupied - Primary Residence Only. 

• Payment Shock > 200% | Max. PTI 38%

• Payment Shock > 400% | Max. PTI 36%

• Combo Above | Reduce 2% Max PTI 34%
   

There are typical borrowers who qualify for typical home loans, and then there are specialty borrowers with situations that are just different enough to require a little extra analysis. We are proud to offer a range of products designed for many kinds of above-average borrowers - enter Arcstone Financial's Accessible Mortgage Programs or AMP.

AMP is a Non-QM or Non-Qualified Mortgage product, to learn more about these programs, please reach out to your Arcstone Financial Mortgage specialist.