Lending Program Points of Interest
- Minimum monthly combined household income of only $2,000
- Minimum $1,500 guaranteed backend for Warranty and/or GAP
- Reserve paid at the time of funding with NO CHARGEBACKS
- 450 minimum FICO score
- Zero FICO/Limited Credit/First Time Buyers
- Dedicated loan officers are available to rehash, review income upfront and to answer questions
- Flexibility with self employed – we accept the last 3 months' personal bank statements for POI
Factors That Will Cause Us to Decline or Restructure a Deal
- Open bankruptcies
- Vehicles over 8 years of age
- Vehicles over 100,000 miles (135,000 for diesels)
- Multiple autos (1 auto per licensed driver)
- Multiple Repos/Bankruptcies
- Recent Repos (within 18 months)
- Payment to income greater than 19%
- No valid drivers license