Two-X Apex



Finance of America Mortgage is pleased to announce high LTV, no MI, QM jumbo mortgage solution with the Two-X Apex product.

What is Two-X Apex?

Two-X Apex from Finance of America Mortgage is designed to accommodate high LTV financing. With borrowing limits up to $2.5 million, a minimum credit score of 680, and no mortgage insurance requirements- Two-X Apex gives your clients the buying power of a conforming loan with the loan amounts of a jumbo. Two-X Apex may be the ideal product for clients who are well documented, have no derogatory credit and want to put less money down when purchasing their home.

Program Details:

  • 95% maximum LTV.
  • No mortgage insurance for LTV’s >80%.
  • Credit scores down to 680.
  • Maximum DTI 43%.
  • Minimum loan amount $100,000.
  • Maximum loan amount $2,500,000.
  • Loan terms include: 20 & 30-year fixed and 5/1, 7/1 & 10/1 ARMs.
  • 2-15 months reserves required.
  • Up to $1,000,000 cash out.
  • Available in all states.
  • Primary residence and second homes.
  • Purchase, rate & term, and cash-out.
  • Eligible properties include: 1-2-unit SFR, PUDs, warrantable condos.