Carrington Flexible Advantage/Advantage Plus Program Enhancements
Carrington Mortgage Services. LLC (CMS) is pleased to announce the following product improvements for the Carrington Flexible Advantage (formerly Non-Prime) and Carrington Flexible Advantage Plus (formerly Near-Prime) Programs.
- Maximum Loan Amount increased to $2M (formerly $1.5M)
- Maximum Cashout increased to $750K for loans with LTVs ≤ 75%; $500K for loans with LTVs > 75
Note: These improvements apply to all Primary Residence, Second Homes, and Investment Properties occupancy types.
View the matrices here.