Loan Programs
Jumbo-
Solutions for a Non-QM Jumbo loan with more flexibility
- Maximum loan amount to $3.5 million loan amount, up to 70% LTV and 700 credit score
- 90% LTV on purchase and rate -term up to $1.5 million loan amount
- 75% LTV on purchase and rate-term, 720 credit score to $3 million loan amount
- 70% LTV on cash-out, 720 credit score, $3 million loan amount
- Interest only options available
- DSCR Foreign National program LTV to 70% LTV purchase and refinance
- 65% on cash-out transactions
New Construction-
One-Time Close New Construction for conventional and VA loans
- Conventional – • 15- and 30-year fixed & 7/6 and 10/6 ARMs
- Conforming and High-Balance loan limits
- Primary, second home and investment properties
- Min FICO = 700
- Max LTV/CLTV/HCLTV = 95%
- VA-• 30-year fixed & 30-year Jumbo fixed
- Primary residence only
- Max loan amount = $4 million
- Total loan amount cannot exceed the total acquisition cost, including financed funding fee
- Min FICO = 580
- Max LTV/CLTV/HCLTV = 100%
Home Equity Lines of Credit
STANDALONE
30-year Standalone
- First 10 years = interest only payment
- Year 11 – 30 = payment is amortized over 20 years
20-year Standalone
- First 10 years = interest only payment
- Years 11 – 20 = payment is amortized over 10 years
- 3-year or 5-year draw
- Primary, second home and investment properties – 1-4 units
Home Equity Lines of Credit
PIGGYBACK
30-year
- First 10-years = interest only payment
- Year 11 – 30 = payment is amortized over 20 years
- 3-year or 5-year draw
- Primary, second home and investment properties – 1-4 units
- 2-4 units only eligible on primary residence
Bank Statement Program-
Solutions for self-employed borrowers and small business owners
- Both personal and business 12 and 24 month options
- 100% of eligible deposits used for income
- Credit scores down to 620
- LTV’s up to 90% with no MI
- Loan amounts up to $3.5 million and DTI’s up to 50%
- Two year history of self-employment required
Asset Utilization-
Solutions for high net worth borrowers, retired individuals, or those with meaningful assets
- Multiple qualifying income options
- No liquidation required
- Both DTI and No DTI qualification options
- Credit Scores down to 660
- LTV’s up to 80%
- Loan amounts up to $3.5 million
DSCR Investor Loans-
Solutions for Real Estate Investors
- Ability to vest in LLC’s & corporations
- Ability to borrower in the name of the LLC
- Interest-only options to optimize cash flow
- Underwritten based on subject property rental income
- LTV’s up to 80%
Non-Warrantable Condos-
Solutions for condo projects outside Agency guidelines
- Available on Primary residence, second homes and investment properties
- Up to 100% investor concentration allowed
- LTV’s upt 75% for DSCR
- LTV’s up to 80%
- Loan amounts up to $3.5 million
ITIN Loans-
Solutions for borrowers who do not have Social Security Numbers
- Loans up to $1.5 million
- Up to 80% LTV
- Credit scores starting at 620
- Standard debt ratio 50%
- Primary and second homes only
- Must meet eligibility requirements
First Time Homebuyer-
Solutions for borrowers with no ownership interest in a property for the last three years
- First time homebuyer allowed on primary residence and second homes
- Down payment assistance available up to 100% CLTV with a minimum 600 score
- Full doc, 1099, 12-month bank statement income documentation options available
- 30-year and 40-year interest-only payment options on both fixed and 5/6 ARM
- SFR, PUD, townhomes,2-4 units, condos, non-warrantable condos and rural properties
- Loan amounts up to $3.5 million
Conventional-
Fixed and adjustable rate programs
- Minimum 620 score with down payment assistance available up to 100% CLTV
- Cash-out Available on Primary, Second Homes, and NOO properties
- Manufactured Homes Allowed
FHA-
- 540-579 credit score with Maximum 90% LTV
- 580+ credit score with Maximum 96.5% LTV
- Manual underwrites allowed
VA-
- Non-veteran joint applicant loans available
- 540-579 credit score with Maximum 90% LTV
- 580+ credit score with Maximum 100% LTV
- Manufactured Homes Allowed
USDA -
- Minimum 550 credit score with Maximum %100 LTV/CLTV
- Non-Traditional Credit Allowed
- Maximum Ratio 29%/41%
