Master Financial Inc., Orange, Calif., has unveiled Score Select, a score-based loan that it terms the company's broadest first-mortgage product.The loan, with amounts ranging up to $1 million, is available to borrowers with credit scores starting at 500, the company said. Borrowers with FICO scores above 620 can obtain loans with 100% loan-to-value ratios, and 95% LTVs are available to borrowers with a score above 580. Score Select offers competitive pricing across the entire credit spectrum and require no mortgage insurance, the company said. Master Financial purchases and services alternative lending products.
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