ABC Grand Inc. — Direct Nationwide Lender

Programs

Portfolio ARM

Portfolio ARMs tie adjustments to SOFR with published caps—useful when you want a lower start rate today and a defined roadmap for resets tomorrow, plus room for interest-only or bank-statement income stories.

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Quick highlights

Snapshot of limits and requirements. Figures match program guidelines-your officer confirms overlays.

  • Loan amount

    $500,000 – $20 million

  • LTV

    75% purchase/R&T · 70% cash-out

  • Credit score

    640 minimum

  • ARM options

    5/6, 7/6, 10/6 SOFR ARMs

  • IO option

    Interest-only to 60% LTV max

Program guidelines

Loan purpose

  • Purchase
  • Rate/term refinance
  • Cash-out refinance

Loan term

  • 5/6 SOFR ARM
  • 7/6 SOFR ARM
  • 10/6 SOFR ARM

Loan amount

  • $500,000 – $20 million

Loan to value (LTV)

  • Purchase and rate-and-term: up to 75% LTV
  • Cash-out refinance: up to 70% LTV

Minimum credit score

  • 640

Property type

  • Primary residence
  • Second home
  • Investment

Key features & detail

Rate mechanics, optional Interest-only, and an alternate doc path—each spelled out for underwriting.

  • Index: SOFR, with periodic caps structured as 5/1/5 under program disclosure.
  • Interest-only payments may be available when LTV does not exceed 60%.
  • Income documentation: most recent 12 months of personal or business bank statements can qualify the file.

Need help choosing the right program?

Speak with our team for guidance tailored to your financing scenario.

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