Portfolio Mortgage Asset Based Lending | Asset-based Income Documentation

 

DTI up to 55%

Subordinate Financing Permitted

Business Purpose Loans Available

Foreign National for either second home or investment properties

Loan Amount >$2,000,000 – 2 Appraisals

 

Terms: 15 and 30 year amortization

Interest Only Options

10-year Interest only term available for 40-year fixed rate and amortization up to 85% LTV, 80% LTV on 2-4 units.

 

Eligible Occupancies and Property Type:

Primary residence: SFR, 2-4 Units, Condos, condotels

Eligible Property Types: 1 – 4 units, Condos, Condotels. Warrantable and Non-warrantable

Investment / Business Purpose – 1 - 4 Unit and Condos

 

Required Reserves: >2,000,000 Loan Amount 6 Months PITIA

 

Liquid Asset Accounts

 

Payment Distribution

 

 

 

-=Purchase / Rate & Term Refinance:

 

LTV/Loan amount Matrix

 

720 Credit Score

 

85% LTV to $2,000,000

 

80% LTV to $2,500,000

 

75% LTV to $3,000,000

 

700 Credit Score

 

85% LTV to $2,000,000

 

80% LTV to $2,500,000

 

75% LTV to $3,000,000

 

70% LTV to $3,500,000

 

65% LTV to $4,000,000

 

60% LTV to $5,000,000

 

680 minimum Credit Score:

 

60% LTV to $1,000,000

 

55% LTV to $1,500,000

 

50% LTV to $2,000,000

 

700 minimum Credit Score:

 

80% LTV to $1,500,000

 

70% LTV to $2,000,000

 

65% LTV to $2,500,000

 

60% LTV to $3,000,000

 

50% LTV to $4,000,000

 

680 minimum Credit Score:

 

80% LTV to $1,500,00

 

70% LTV to $2,500,000

 

65% LTV to $3,000,000

 

660 minimum Credit Score:

 

75% LTV to $1,500,000

 

Cash Out Refinance:

 

720 minimum Credit Score:

 

75% LTV to $1,500,000

 

70% LTV to $2,000,000

 

700 minimum Credit Score:

 

75% LTV to $2,000,000

 

70% LTV to $2,500,000

 

65% LTV to $3,500,000

 

680 minimum Credit Score:

 

70% LTV to $2,500,000

 

60% LTV to $3,000,000

 

660 minimum Credit Score:

 

65% LTV to $1,500,000

 

60% LTV to $2,000,000