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Featured Loan Programs & Guidelines

DSCR .75% Jumbo Mortgage

Parent Category: Non-Qualified Mortgage Lenders
Category: Programs We Offer
Last Updated: 11 August 2022

Debt Service Coverage Ratio Loan Program Guidelines and Requirements

Experienced Real Estate Investors - 25 Financed Properties - OK 

Most investor loan programs will max the borrower/investor at 10 financed properties. Borrower at minimum must own their current primary residence

DSCR% and Loan Amounts

  • DSCR - .75% to $3,000,000
  • DSCR - 1% to $5,000,000
  • DSCR - 1.25% to $7,500,000
  • DSCR - 1.5% to $10,000,000

Loan Amount and Property Types

  • Jumbo $3,500,000 Maximum Loan Amount - Single Family Residence (SFR)
  • Super Jumbo $7,000,000 Maximum Loan Amount - 2 Unit
  • Super Jumbo $10,000,000 Maximum Loan Amount - 4 Unit

Income and Employment

  • Verification of Employment (VOE) Documentation: None Required

  • Verification of Personal Income (VOPI) Documentation: None Required

  • No DTI Calculated. All Rental Income Based

  • No Tax Returns and No Form 4506-T or Form 4506-C for Tax Transcripts

Credit Requirements 

Minimum Credit Score - 600. Credit Score exceptions to 580 with compensating reserves. Ex: 150% of minimum requirement. Clean Credit Previous 24 Months

Credit Score - LTV - Loan Amounts

700 Credit Score

  • 80% LTV - $4,000,000
  • 75% LTV - $5,000,000

660 Credit Score

  • 80% LTV - $3,000,000
  • 75% LTV - $4,000,000
  • 70% LTV - $5,000,000

620 Credit Score

  • 80% LTV - $2,500,000
  • 70% LTV - $3.000,000
  • 65% LTV - $4,000,000

600 Credit Score

  • 70% LTV - $2,000,000
  • 60% LTV - $2,500,000

Cash Out Available

Maximum Cash-in-hand $$3,000,000 for Personal or Business Purposes

700 Credit Score

  • 80% LTV - $1,500,000 Cash Out
  • 70% LTV - $2,000,000 Cash Out

660 Credit Score

  • 80% LTV - $1,250,000 Cash Out
  • 75% LTV - $1,500,000 Cash Out
  • 65% LTV - $2,000,000 Cash Out

620 Credit Score

  • 70% LTV - $1,250,000 Cash Out
  • 60% LTV - $1,500,000 Cash Out
  • 50% LTV - $2,000,000 Cash Out
  • 40 Year Fixed Rate - Interest-Only Option with 700 Middle Credit Score

Available Terms

  • Fixed 30
  • ARM's 5/1, 7/1, 10/1
  • Interest-Only Payment Available

Inherited Properties: OK

Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out "Using Market Value"

Delayed Financing: Not Allowed

Eligible Property Types & Occupancies: Primary Residence, Second Homes - SFR Only, Non-Owner-Occupied / Investment - SFR Only. Non-Warrantable Condos and Condotels OK

Eligible Borrowers: Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

Power of Attorney: OK for Purchase and Rate and Term Refinance

Vesting: Corp and LLC OK

Non-Occupant Co-Borrower's: OK for credit support

Available in the Following States

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Washington.

12 Month Bank Statement Alt Doc

Parent Category: Non-Qualified Mortgage Lenders
Category: Programs We Offer
Last Updated: 31 December 2022

Self-Employed Home Loan | 1-Year Lite Doc - Purchase / Rate & Term | 90% LTV - 680 Credit Score

Cash-Out Refinance | 85% LTV - 660 Credit Score $1,500,000 Maximum Cash-in-Hand

Maximum Jumbo Loan Amount - $7,500,000

Self-Employed Borrower Income | Lite Doc Income Documentation:

  • 12 Months or 24 Months Personal Bank Statements - OK
  • Profit and Loss Statement: Borrower Prepared and Unaudited P&L Options
  • Expense Factor "expense ratio": A percentage determined by the Loan Officer and signed off on by the underwriter. The criteria for the underwriter to consider is the Scope (Business Narrative Form) of the company
  • Asset Depletion

Self-Employed Borrower Verification of Employment Documentation | VOE

  • CPA, Enroll Agent, or Professional Tax Preparer to state percentage of business ownership. Have been filing Self-Employed tax returns for previous X number of years (>2years)
  • W2 Wage Earner Co-Borrower - OK-

Wage Earner Docs:

  • Previous Year W2 and Recent Paycheck Stubs for the previous 30 days
  • Written Verification of Employment | WVOE. Standard VOE form sent to borrowers' employer to be signed by the Human Resource Department or Direct Supervisor. Borrower advised before sent to employer.

50% Maximum Debt-to-Income Ratio | DTI - exceptions made to 55% with compensating factors

Credit Notes:

  • One Mortgage Late in Previous 12 Months, OK.
  • Asset Depletion Available for W2 Wage Earner and Self-employed
  • 600 Minimum Middle Credit Score

Real Estate Investor - Can Own up to 20 Financed Properties

Available in the Following States: 

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, and Wisconsin.

 

  1. Non-Prime True No Doc Loan Program
  2. 6 Month Bank Statement Mortgage Programs
  3. Super Jumbo Investor Loan
  4. 90% LTV - ITIN Investors
  5. Bank Statement Loan to 75% LTV 620 Credit Score
  6. Non-QM Bank Statement Loan
  7. Alternative Bank Statement Program for Real Estate Investors
  8. Asset Qualifier Jumbo Loan
  9. Investor Loan - No Doc
  10. Stated Income Jumbo - 740 Credit Score
  11. Stated Income Verified Assets Owner-Occupied Jumbo
  12. Stated Income / Verified Assets 680 Credit Score 2 Million
  13. Bank Statement Loan - 600 Credit Score
  14. Non-Prime Bank Statement Loan
  15. 600 Credit Score Jumbo Mortgage Program
  16. Second Mortgage $350,000
  17. Bank Statement Super Jumbo Loan
  18. Bank Statement Loan 580 Credit Score
  19. No Income No Asset Verification
  20. Jumbo 1.5 Million Southern California

Alternative Income Documentation

  • 1099 Only Loans
  • Asset Depletion Loans
  • Bank Statement Loans
  • Business Purpose Loans
  • Lite Doc Loans
  • No Doc Loans
  • Reduced Doc Loans
  • SIVA Loans
  • SISA Loans

Contact a Loan Officer

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Purchase Loans - Alt Doc

  • Investment Property Loans
  • Jumbo and Super Jumbo
  • Multi Unit Property Loans

Non-Prime Bank Statement Mortgages

  • Alt Doc - 3 Month Bank Statements
  • 580 Credit Score - $1,500,000

One Month Bank Statement Loan

  • 680 Credit Score - 80% LTV
  • One Month Bank Statement - 80% LTV
  • One Month Bank Statement to $5,000,000

Self-Employed Documentation

  • Exception-Based Non-Prime Lender
  • Business Description for Bank Statements Loans
  • Self Employed Borrowers
  • Non-Prime Non-Qualified Lender Programs
  • Asset Qualifier

Programs by State

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas

Popular Loan Programs

  • Asset Qualifier Jumbo Loan
  • Investor Loan - No Doc
  • Stated Income Jumbo - 740 Credit Score
  • Stated Income Verified Assets Owner-Occupied Jumbo
  • Stated Income / Verified Assets 680 Credit Score 2 Million
  • Bank Statement Loan - 600 Credit Score
  • Non-Prime Bank Statement Loan
  • Asset Depletion Program to 2 Million
  • 600 Credit Score Jumbo Mortgage Program
  • Second Mortgage $350,000
  • 90% LTV - $1,500,000 - 4 Months Reserves
  • Bank Statement Super Jumbo Loan
  • Non-Qualified Mortgage Jumbo | Non-QM
  • Stated Income / Verified Assets Super Jumbo
  • 80% Financing Stated Income / Stated Assets
  • Bank Statement Loan 580 Credit Score
  • No Income No Asset Verification
  • Portfolio Jumbo Low Doc - One Year P&L Statement Only
  • Bank Statements - Jumbo Mortgage - Interest Only
  • Jumbo 1.5 Million Southern California

Cash Out Refinance

  • Investment Property Loans
  • Jumbo Loans
  • Super Jumbo Loans

Bank Statement Loan Niches

  • 12 Months Personal to 90% LTV
  • Bank Statement Jumbo - 620 Credit Score
  • Interest-Only 640 Credit Score
  • No 4506-C - 620 Credit Score
  • Non-Prime - 580 Credit Score
  • 600 Credit Score - $2,500,000
  • 85% LTV Jumbo - 640 Credit Score
  • 55% DTI to $2,000,000
  • Second Home - 85% LTV
  • 2-Unit - $500,000 Loan Amount

Non-QM Lending

  • Non-QM Lenders
  • Non-Prime Mortgages
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  • Portfolio Mortgage Lenders

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