What are the Carrington Flexible AdvantageSM Loans?

The Carrington Flexible Advantage (non-prime) and the Carrington Flexible Advantage Plus (near-prime) loans are an ideal solution for anyone that may not be eligible for conventional or government loans. This includes people who are self-employed, and people who have lower credit scores, high debt-to-income ratios, or who have had a recent credit event – such as foreclosure, bankruptcy, short sale, missed credit card or late mortgage payment.

Is the Carrington Flexible Advantage right for me?

  • Borrowers with a lower credit rating
  • Credit scores down to 500 may qualify
  • Loan amounts up to $3 million
  • Recent credit events such as bankruptcy, short sale, foreclosure and history of late payments are acceptable
  • Single-family homes, townhouses and condos are allowed
  • Fixed and Adjustable Rate Programs available

Is the Carrington Flexible Advantage Plus right for me?

  • Credit scores down to 620
  • Bankruptcy and foreclosures acceptable (must be 36 months out)
  • Late payments on an account may be acceptable if they are brought current
  • Borrow up to $2 million
  • No mortgage insurance
  • W2s and bank statements acceptable for self-employed borrowers

Bank Statement Loans

Bank statements are acceptable to verify income in place of IRS tax documents for self-employed borrowers.

How Do I Get a Carrington Flexible Advantage Loan?

Once you have decided Carrington Flexible Advantage loan will fit you best, contact us to speak with a Carrington loan officer. We will be happy to walk you through the application process. Call (888) 267-0584 or click here to start now.