Products

Bank Statement

Help your clients qualify without a tax return

• Max loan amount $4M for purchase, $3M for cash-out
• Max LTV 90% for purchase, 85% for R&T, 80% for cash-out
• Credit scores down to 620
• Cash-out and gift funds can be used for reserves
• Primary wage earner FICO will be used
• Investment property transactions w/ PPP can be treated as business purpose

DSCR

Assist your real estate investor clients easily grow their portfolios

• Max loan amount $3.5M for purchase/R&T, $3M for cash-out
• Max LTV 85% for purchase, 75% for cash-out
• Credit scores down to 640
• First-time investors and first-time homebuyers are allowed
• Allows “no ratio” option (aka no min DSCR threshold)
• Non-Warrantable Condos, Condotels and short-term rentals allowed
• If multiple borrowers, will use highest FICO

Full Doc

Your clients can reach higher loan limits with our full doc Jumbo loan program

• Rates start at 5.875% 7/6 SOFR
• Max loan amount $4M for purchase, $3M for cash-out
• Max LTV 90% for purchase, 80% for cash-out
• Credit scores down to 620
• DTI up to 55%
• Investment property transactions w/ PPP can be treated as business purpose

1099 Loans

• Max loan amount $4M for purchase, $3M for cash-out
• Max LTV 90% for purchase, 85% for R&T, 80% for cash-out
• Credit scores down to 660
• 1-year or 2-years 1099s along with a paystub/bank statements showing YTD earnings
• Assumes a low 10% business expense factor

DSCR (5-8 Units Residential or 2-8 Mixed Use)

• Max loan amount $2M
• Max cash-out up to $1M
• Max LTV 75% for purchase, 70% R&T, 65% for cash-out
• Commercial, restaurant and office space are allowed.

VA Loans

• Credit scores down to 580
• Max loan amount $2M
• Cash-out up to 100% LTV
• VA Interest Rate Reduction Refinance available
• AUS Approve, Accept/Eligible or Refer/Eligible with manual underwrite
• Rental income allowed per guide

Freddie Mac

• Credit scores down to 620
• Up to 95% LTV
• High balance available
• HomeReady and HomePossible
• 1 FICO score can be eligible
• Non-Permanent Resident Aliens allowed

DPA CalHFA Conventional

• Credit Scores down to 680
• Follows conforming county loan limits
• DTI up to 50%
• LTV to 97% and CLTV to 105%

Fannie Mae

• Credit scores down to 620
• Max LTV 97%
• High balance available
• HomeReady and HomePossible
• 1 FICO score can be eligible
• Non-Permanent Resident Aliens allowed

ITIN Loans

• Max loan amount $1.5M
• Max LTV 80% for purchase, 75% for cash-out
• Full doc, bank statements and 1099s are eligible
• Gift funds allowed
• First-time home buyer allowed

Home Equity Loans

• Max loan amount $850,000
• Credit scores down to 660
• CLTV up to 90%
• Condo/Townhomes/Modular OK
• Full doc, bank statements, P&L and DSCR doc types are eligible

BFF DPA

• FHA 100% FINANCING (96.5% 1st, 3.5% 2nd)
• No first-time homebuyer requirement
• Credit scores down to 600
• Follows FHA Guidelines and AUS approval
• Manufactured homes allowed
• 6% Seller credits allowed for closing costs

Foreign National Loans

• Max loan amount $1.5M
• Max LTV 75% for purchase, 65% for refinances
• Foreign Credit allowed
• 3 years seasoning on BK/FC/SS/DIL/Mod
• Non-Warrantable Condos, Condotels and short-term rentals allowed
• First-time investors allowed

Profit & Loss Statement

• Max loan amount $2.5M
• Max LTV 80% for purchase, 75% for R&T, 70% for cash-out
• Credit scores down to 660
• 24- or 12-months P&L (PTIN allowed)
• Gift funds allowed
• Cash-out can be used for reserves

Cross Collateral (DSCR)

• Max loan amount $6.25M
• Max LTV 80% for purchase/R&T, 70% for cash-out
• Short-term rentals allowed
• Up to 25 properties can be combined into a single loan