• Alt-Doc Mortgage Program

    Alt Doc: Owner-Occupied

    Credit Score Purchase Refi - Rate & Term Refi - Cash Out
    750 90% LTV 90% LTV 85% LTV
    720 80% LTV 80% LTV
    75% LTV
    680 75% LTV 70% LTV
    65% LTV

     

    Alt-Doc: Non-Owner Occupied

    Credit Score Purchase Refi - Rate & Term Refi - Cash Out
    750 80% LTV 80% LTV 75% LTV
    720 75% LTV 75% LTV
    70% LTV
    680 70% LTV 70% LTV
    65% LTV

     

    Alt-Doc: Investment Property / Second Home

    Property Types Purchase Loan Rate & Term Refinance Cash Out Refinance
    SFR Investment Property 80% LTV 80% LTV 75% LTV
    SFR Vacation Home 80% LTV 80% LTV 75% LTV
    Duplex 80% LTV 80% LTV 75% LTV
    4 Unit 75% LTV 75% LTV 70% LTV

     

    90% LTV (loan-to-value) Financing

    $1,000,000 - Maximum loan amount:

    • 3 Month Reserve Requirement for Each Property Owned

    $2,500,000 - Maximum loan amount:

    • 6 Month Reserve Requirement for Each Property Owned

    Residual Income Requirement: / DTI

    DTI Less Than 35% - $2000 Monthly Residual Income

    DTI Greater Than 35% - $3000 Monthly Residual Income

    Property Types:

    SFR Single Family Residence

    PUD Planned Urban Development

    Condo

    • Non-Warrantable

    DTI

    50% with 680 Credit Score to 80% LTV

    Interest Only payment Available - 680 Credit Score

    Gift Funds

    100% financing available with 20% gift

    Underwriting Notes:

    Super Jumbo Loan Amounts require a second appraisal

    Credit Notes:

    0 30 Day Mortgage Lates - 12 Month History

    Maximum Properties Owned:

    Owner Occupied - No Limit

    Investment Property or Second Home - 10 Maximum unless LTV

    • less than 75%, LTV, No Limit

     

    Reference # 214 554488

  • 5% Down Payment on your Jumbo purchase or 95% LTV Jumbo financing for your Rate / Term refinance. Cash Out also available on this program & may be used for any purpose including reserve requirements.

     

    Contact a Loan Officer

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    Non-Occupant Co-Borrowers, OK

    The purpose of the Non-Occupant Co-Borrower could be many things. But is always for a specific reason. Ultimately it is to somehow strengthen the file in the area or areas needed to rectify any sort of credit deficiency or credit profile deficiencies had by the primary borrower.

    This can be achieved with a Non-Occupant Co-Borrower by way of cash reserves; income; credit history; depth, criteria, and scores. Often it is to increase the amount of qualifying income to reduce the qualifying DTI to an acceptable percentage. A development like this could, in effect, increase the over-all "credit grade" and qualifications of the borrower possibly opening up additional options to consider in other areas of the loan such as a more flexible down payment requirement; increased loan amount, gift funds eligibility, etc. Flexibility. And let us not forget better pricing, more preferable terms, easier conditions; the makings for either a great mortgage or perfect home loan.

    Non-Qualified / Non-Prime

    3 Options: Full Doc, Lite Doc, and Alt Doc

    Full Doc - 2 Years (55% DTI)

    Full Doc - 1 Year (55% DTI)  Lite Doc / Reduced Doc) "Lite Doc" also pertains to Employment History documentation and verification i.e. Sole Prop, C Corp, S Corp, LLC. < 2 Years

    Bank Statements - 12 Months

    Bank Statements - 24 Months

    Purpose:

    • Purchase: 95% LTV Purchase or Rate & Term refinance with 720 credit score on Owner Occupied only to $1,500,000 – No Mortgage Insurance.
    • Cash-Out Refinance: 90% LTV unlimited cash-out with 760 credit score on Owner-Occupied Only to $1,500,000 – No Mortgage Insurance.

    Loan Amounts:

    • Maximum $2,500,000 – 600 Credit Score

    Terms:

    • 40 year fixed
    • 40 year fixed Interest Only
    • 30 year fixed
    • 30 year fixed Interest Only
    • 10/1 ARM
    • 10/1 ARM Interest Only

    Interest Only feature - 600 Middle Credit Score.

    This program is considered non-prime is because it does allow for past mortgage lates. Up to 120 days late.

     

    Credit Score Matrix:

    Loan-to-Value / Maximum Loan Amounts / Reserve Requirement

    Property Types - SFR, Condos and PUD's

    Bank Statements - 12 Months

     720 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 70% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
      • LTV - $5,000,000 - 12 Months Reserves

    700 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 70% LTV - $5,000,000 - 12 Months Reserves
      • 70% LTV % LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    680 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    660 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 80% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves

    Bank Statements - 24 Months

    720 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 70% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $5,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    700 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    680 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    660 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 80% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves

    720 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 95% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 80% LTV - $3,000,000 - 12 Months Reserves
      • 70% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves
      • 55% LTV - $3,000,000 - 12 Months Reserves

    700 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 75% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $4,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    680 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 75% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2.500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    660 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 90% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 80% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    Full Doc - 1 Year income and Employment History

    720 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 85% LTV - $2,500,000 - 12 Months Reserves
      • 80% LTV - $3,000,000 - 12 Months Reserves
      • 70% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 70% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $3,000,000 - 12 Months Reserves
      • 55% LTV - $3,000,000 - 12 Months Reserves

    700 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 75% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    680 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 70% LTV - $3,000,000 - 12 Months Reserves
      • 65% LTV - $5,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

    660 - Credit Score

    • Owner-Occupied - Purchase and Rate/Term Refinance
      • 85% LTV - $1,500,000 - 6 Months Reserves
      • 80% LTV - $2,500,000 - 12 Months Reserves
      • 75% LTV - $3,000,000 - 12 Months Reserves
    • Owner-Occupied - Cash Out
      • 80% LTV - $1,500,000 - 6 Months Reserves
      • 75% LTV - $2,500,000 - 12 Months Reserves
      • 65% LTV - $3,000,000 - 12 Months Reserves
      • 60% LTV - $4,000,000 - 12 Months Reserves
      • 55% LTV - $5,000,000 - 12 Months Reserves

     

    Eligible Occupancies:

    • Owner-Occupied / Primary Residence
    • Second Homes
    • Investment

    Property Types:

    • Non-Warrantable Condos OK
    • Non-Occupant Co-Borrowers OK

    DTI allowed up to 50% - Unlimited Cash-Out

    Liquid Assets

    Down Payment and closing costs -  Business and Foreign Funds Acceptable

    Reserve Requirement - Business funds OK. However, if the borrower is not 100% owner of this business, will be required to obtain a CPA Letter stating the cash withdrawal would not have an adverse impact on the business. Foreign Funds acceptable, too.

     

    Ref# 022619 10-13-1-3  26-21-13-1

  • Alternative Income Documentation for Self-Employed and W2 Commission Business Professionals

    6 Months Business and/or Personal Bank Statements 

    This 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (Non-QM) Loan program is for all residential property types and occupancy types including investment properties. This lender requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 80% See details below:

     

    Contact a Loan Officer

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    660 Minimum Middle Credit Score

    Eligible Transactions:

    • Purchase
    • Refinance - Rate/Term
    • Refinance - Cash Out

    Eligible Occupancies:

    • Owner-Occupied / Primary Residence
    • Second Homes
    • Investment Properties - 6 Maximum

    Eligible Property Types:

    • Single Family Residence (SFR)
    • Condominiums (including non-warrantable condos)
    • Planned Urban Development (PUD's)
    • 2 - 4 Unit

    Loan-to-Value / Maximum Loan Amounts:

    SFR, Condos, and PUD's: Owner-Occupied / Primary Residence

    • Purchase and Rate / Term Refinance
      • 80% LTV - $1,000,000
      • 75% LTV - $3,000,00
    • Cash Out Refinance
      • 70% LTV - $1,000,000
      • 65% LTV - $3,000,000

    Second Home - Purchase and Rate/Term Refinance

      • 65% LTV - 3,000,000

    Second Home - Cash Out Refinance:

      • 65% LTV - $3,000,000

    2-4 Unit's

    Purchase/Rate and Term

    • Owner-Occupied / Second Home
      • 70% LTV - $3,000,000
    • Owner Occupied / Second Home - Cash Out Refinance
      • 65% LTV - $3,000,000

    SFR, 1-4 Units, Condos & PUD's

    Purchase and Rate/Term Refinance

    • Investment Property
      • 70% LTV - $3,000,000

    Cash Out Refinance

    • Investment Property
      • 65% LTV - $3,000,000

    Purchase/Rate and Term

    • Owner-Occupied / Second Home
      • 70% LTV - $3,000,000
    • Owner Occupied / Second Home
      • 65% LTV - $3,000,000

     

    Ref# 548 10-13-1-3 554 22-5-14

  • Real Estate Investor Loan

    Up to 10 Financed Properties OK

    Request Additional Information
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    Borrower can own unlimited properties, but only 10 can have a mortgage lien

    75% Maximum LTV Financing

    720 Middle Credit Score

    Loan Amounts:

    $100,000 Minimum

    $2,000,000 Maximum

    Property Types:

    Single family residence

    Non-warrantable condo

    2 Units

    PUD

    Occupancy:

    Non Owner Occupied

    Second Home

    Income documentation:

    Six months Reserves required for the subject property plus 6 months liquid reserves for every property that is currently being financed

    Underwriter Notes:

    In order to utilize rental income, tax returns are required. Lease agreements accepted too

    Bankruptcy or Foreclosure 7 years seasoning required

    Interested parties Contribution OK for Second Home and Non-Owner Occupied investment property

    Reference #254528091614am

  • Hard Money Super Jumbo

    Residential Hard Money

    Purpose:

    Contact a Loan Officer

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    Purchase, Rate&Term Refinance

    Cash Out Refinance

    Bridge loans

    Blanket loans

    Rehab

    Foreclosure Avoidance OK

    Eligible Occupancies:

    Non-Owner only

    Super Jumbo Loan Amount:

    $3,000,000

    Eligible Property Types:

    Condo

    High Rise Condos

    Non-warrantable Condos

    1-4 Units

    Eligible borrowers:

    Foreign Nationals

    Foreign corporations

    Non-resident alien

    Legal Entities:

    Corporations

    LLC's

    Trusts

    States:

    Florida only

    Underwriting notes:

    Purchase seasoning not required for cash out refinance

     

    Ref #155524012115

  • High LTV Hard Money Jumbo Loan

    This hard money residential loan has a very high Loan-to-Value (LTV) ratio of 80%. Most hard money lenders max out at 65%, sometimes 70%. So 80% is huge. It can be used as a Fix and Flip, Blanket loan, Bridge loan, Construction Loan and can also bail a borrower out of any housing event; short sale, foreclosure, bankruptcy, Notice of Default (NOD), Notice of Sale (NOS). Below you'll see some underwriting highlights.

    {rsform 119}

    Loan purpose:

    • Purchase
    • Refinance
    • Cash Out Refinance and Construction

    Blanket, Bridge and Fix and Flip

    Loan limits:

    80% LTV

    Maximum loan amount - $3,000,000

    Term: 12 months

    Property types:

    • Single Family Residence (SFR)
    • 2-4 Unit
    • Condos and Townhomes

    Non-Warrantable Condos

    Manufactured homes

    Mixed Use  

    Unconventional Property Types:

    • Dome homes
    • Modern style
    • Historical
    • Log homes

     Non Owner Occupied only

    1-4 units 

    States available:

    Alabama, Arkansas, Arizona, California, Connecticut, Florida, Georgia, Iowa, Illinois, Kansas, Massachusetts, Maryland, Maine, Michigan, North Carolina, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, Wisconsin

     

    Reference# - 55214

  • This hard money lender will do primary residential loans which are somewhat rare.

    Purpose:

    Contact a Loan Officer

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    • Purchase
    • Refinance, Rate & Term and Cash out
    • Refinance - Cash Out. $750,000 Maximum
    • Construction
    • Bridge Loan
    • Blanket Loan

    Loan Amounts:

    $125,000 to $5,000,000

    Eligible Property Types:

    • Single Family Residence SFR
    • 1-4 Unit residential and commercial
    • Condos
    • Townhomes
    • Non-warrantable condominiums
    • Mixed-use

    Eligible Occupancies:

    • Owner Occupied
    • Non Owner Occupied
    • Non-Occupant c-borrower OK

    Eligible Borrowers:

    • Foreign Nationals
    • Foreign legal entities
    • Probate OK

    Underwriter Notes:

    No seasoning requirements for Foreclosure, Bankruptcy, Short Sale, Notice of Default, Notice of Sale

     

    Reference# - 44154