DSCR No Ratio Cash Out Refinance

09/04/2025 No Comments

DSCR No Ratio Loan Program Overview

The DSCR No Ratio Program is built for investors who need flexible financing without strict rental income requirements. This option allows for low or no DSCR qualification while still offering competitive loan amounts, high LTV options, and a variety of property and borrower types.

No Ratio Program Highlights

Flexible Qualification

Low or No DSCR ratio accepted
Minimum 640 FICO score required

Loan Amounts & LTV Options

Loan amounts up to $3,500,000
Up to 85% LTV on purchase and rate/term refinances
Cash-out up to 80% LTV
Cash-out proceeds up to $1,000,000. May be used to satisfy reserve requirements

Eligible Properties

Single-family residences (SFR)
PUDs and townhomes
2–4 unit properties
Condos, including non-warrantable condos

Borrower Flexibility

Borrowing in the name of an LLC permitted (including foreign nationals)
First-time investors eligible up to 75% LTV
Foreign nationals allowed

Loan Terms

15-year fixed
30-year fixed
30-year fixed with interest-only option
5/6 ARM and 5/6 ARM with interest-only option

Additional No Ratio Benefits

Gift funds allowed for down payment, closing costs, and reserves (with documented borrower contribution)
Up to 6% seller concessions permitted toward closing costs
Ownership seasoning from 0–6 months allowed, based on appraised value

Why Choose This Program?

This loan is ideal for investors seeking maximum flexibility in financing. Whether purchasing, refinancing, or cashing out, the DSCR No Ratio Program removes traditional income hurdles and supports a wide range of scenarios—including first-time investors and foreign nationals.

All Programs We Offer

Available in the Following States:

Alabama, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Super Jumbo Bank Statement Loan

08/31/2025 No Comments

Non-QM Income Documentation Options Documentation

Our Super Jumbo Bank Statement Loan allows self-employed borrowers and wage earners (co-) looking qualify for a mortgage without your tax returns because for this loan program, tax returns and your Profit & Loss statement are not needed. Your approval will be based on a 12 or 24-month history of personal or business bank statements. We make it easy for entrepreneurs, independent professionals, and those with complex income streams.

Self-Employed & W2 Income Documentation Options

24-month bank statement program available up to $10,000,000.
Loan program is good for both self-employed and W-2 (co-) borrowers

* Debt-to-Income (DTI) Ratio | * Maximum allowable DTI of 55%

Loan-to-Value (LTV), Loan Amount & Credit Score Guidelines

75% LTV to $1,500.000 – 640 credit score
75% LTV to $2,000,000 – 650 credit score
75% LTV to $3,500,000 – 660 credit score
70% LTV to $4,000,000 – 670 credit score
70% LTV to $4,500,000 – 670 credit score
80% LTV to $5,000,000 – 680 credit score
80% LTV to $5,500.000 – 690 credit score
80% LTV to $6,000.000 – 700 credit score
75% LTV to $7,000,000 – 710 credit score
75% LTV to $7,500.000 – 720 credit score
70% LTV to $8,000,000 – 730 credit score
70% LTV to $9,500.000 – 740 credit score
75% LTV to $10,000,000 – 760 credit score8

With loan amounts available up to $10,000,000 and a maximum debt-to-income ratio (DTI) of 55%, this program is ideal for high-net-worth borrowers seeking large loan amounts without the restrictions of conventional underwriting. Whether for purchase or refinance, this jumbo solution offers both flexibility and financial strength for qualified applicants.

Credit Requirements

3 open and active tradelines, 12 month history, $5000 minimum credit
2 open and active tradelines, 24 month history, $5000 minimum credit.
1 open and active tradeline + non traditional credit OK to 75% maximum LTV
Bankruptcy – 1 year seasoning required from bankruptcy discharge date
Housing Event – 2 years seasoning required for short sale foreclosure1o

Eligible Property Types

Single Family Residence (SFR)
Condo (attached)
Duplex3

LIte Doc Loan Purpose Options

Purchase
Rate and Term Refinance
Cash-Out Refinance (up to $1,500,000 maximum)

Eligible Occupancy Types

Owner-Occupied Homes
Second / Vacation Homes (up to 75% maximum LTV)

States Eligible for Loan Program Available in:

Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

Closed End Bank Statement Second Mortgage

06/04/2025 No Comments

Closed-End Bank Statement Second Mortgage

This program is a closed-end, fixed-rate second mortgage option designed for self-employed individuals and real estate investors, who may not have traditional income documentation. The lender facilitates financing by relying on bank statement documentation, offering a flexible, non-QM (non-Qualified Mortgage) solution.

Key Features and Terms:

Loan Amounts and Limits
Borrowers may qualify for loans up to $3 million, with cash-out options of up to $1 million available.
Credit Requirements
A minimum FICO score of 640 is required for eligibility.
Debt Service Coverage Ratio (DSCR)
The program accepts a low DSCR threshold of 0.75, accommodating a variety of income scenarios.
Repayment Structure
Multiple options are available, including:
- Fixed-rate mortgages
- Adjustable-rate mortgages (ARM)
- Interest-only ARM variants
LTV and Reserve Requirements
The maximum Loan-to-Value (LTV) is 85%, providing substantial leverage for qualified borrowers.
Eligible Property Types
This program supports a broad spectrum of properties, such as:
- Single-family residences (attached or detached)
- Planned Unit Developments (PUDs)
- Low- and high-rise condominiums
- Site condominiums
- Townhouses
- 2–4 unit properties
- Modular homes
Eligible Borrowers
Ideal for first-time investors and those seeking cash-out financing of up to $750,000. This option does not require verification of residual income.
Documentation Alternatives
Qualification is based on alternative documentation, including:
- 12 or 24 months of bank statements
- 1099 income documentation
- P&L statements (“Profit & Loss Only”)
- No Ratio and Business Purpose loan programs
  Traditional wage earner documentation is also accepted when available.
Borrower Tools and Calculators
Borrowers have access to a suite of planning tools, including calculators for:
- Debt Service Coverage Ratio (DSCR)
- Bank Statement income calculation
- P&L and 1099 projections
- Self-employed income estimation
- Asset depletion scenarios

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

DSCR Loans for Investors | No Income Mortgage

06/03/2025 No Comments

DSCR Mortgage Loans for Investment Properties

What Is a DSCR Mortgage Loan?

A DSCR loan allows borrowers to qualify based on the rental income of the property. It removes the need for tax returns, W-2s, or pay stubs. Instead, the property’s income is evaluated to determine if it covers the mortgage payment — commonly using a DSCR of .75 to 1.75 or higher.

Who Is This Program For?

* Real estate investor

* LLC or corporate title holders

* Borrowers with limited documentable income

* Individuals recently declined for a conventional loan

Key Features

* Loan amounts up to $5,000,000

* Up to 80% LTV on purchases

* Cash-out refinance available to 75% LTV

* No income, no employment stated on application

* FICO scores starting at 600 (some lenders allow lower)

* Qualify with a DSCR as low as 0.75 on select programs

Eligible Property Types

* 2–4 unit properties

* Condos and townhomes

* Single-family rentals

* Short-term rentals (Airbnb/VRBO)

* Mixed-use (case-by-case)

Program Highlights

* Interest-only options available

* LLC and corporate vesting allowed

* No DSCR minimum with some lenders

* Fast close times (8–17 days)Available in 35+ investor-friendly states

* Available in 35+ investor-friendly states

States We Lend In:

California, Texas, Florida, New York, Georgia, and 30+ others

Get Pre-Qualified Today:

Mortgage Pre Qualification No Credit Check

Non-Prime Mortgage Program

06/02/2025 No Comments

Looking for flexible financing that goes beyond conventional loan requirements? This Non-Prime Loan Program is designed for borrowers who need tailored solutions—whether due to unique income documentation, past credit events, or higher loan amounts. Manual Underwrite available.

Non-Prime Program Highlights

* Loan Minimum Credit Score 580

* Loan Amounts: $100,000 up to $4,000,000

* Property Types: SFR, condos, condotels, 2–4 units, townhomes, manufactured homes

* Occupancy Types: Primary Residence, Second Home

* Borrower Types: U.S. Citizens, Permanent & Non-Permanent Residents, ITIN borrowers

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Credit & FICO Guidelines

* FICO starting at 580 for most scenarios

* Higher loan amounts and cash-out options require higher FICO and lower LTV

* DTI up to 55% (based on credit score)

* Tradeline flexibility for borrowers with limited credit history

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LTV / CLTV Breakdown (Primary Residence)

* Up to 90% LTV for FICO > 700 and loans ≤ $2,000,000

* Max CLTV of 85% with standard reserves

* Lower LTVs for larger loan amounts and lower FICO scores

* Flexible cash-out options up to $2,500,000 depending on LTV

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Income Documentation Options

* Full Doc

* Bank Statements (12 or 24 months)

* 1099-Only (Self-Employed)

* Profit & Loss Statement (P&L)

* WVOE Written Verification

* Asset Depletion

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Other Program Features

* Interest-Only available: Minimum loan amount $200,000 Max $4,000,000

* Escrow waivers allowed up to $2,000,000

* 40-year fixed rate available

* Credit event seasoning: Bankruptcy, foreclosure, short sale accepted after 12–36 months (CLTV-based)

* First-time buyers accepted with limitations

* Gift Funds Allowed

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Questions? Speak to a Loan Officer (800) 718-8906.

Mortgage Pre-Qualification Form – No Credit Check

Ineligible States: AK, IA, MA, MS, NY, ND, RI, SD, WV, U.S. Territories

No Ratio Mortgage Program

05/29/2025 No Comments

No Ratio mortgage—no income disclosure required. A great fit for asset-rich or investment-savvy borrowers.

No income disclosed or documented:

* No DTI calculated

* Designed for primary, second home, and investment properties

* Available for purchases, rate/term, and cash-out refis

* Minimum: $100,000

Loan Amounts:

* Maximum: $3,000,000 (up to $1.5M cash-out allowed)

Credit Score Minimum: 660

Property Types:

* 1–4 unit residential

* Max)

* Condos

* PUDs

* Non-warrantable condos (case-by-case)

LTV Max:

* Purchase: Up to 75%

* Refinance: Up to 70%

Eligible Occupancies:

* Primary Residence

* Second Home

Assets:

* 3 months’ reserves minimum

* Must verify sufficient assets to cover down payment, closing costs, and reserves

Income:

* No income disclosed

* No employment verified

Documentation:

* Credit, assets, and property value required

* No income or employment documentation required

Prepayment Penalty:

* Applicable to investment properties only (where permitted by law

Other Notes:

* Foreign Nationals not eligible

* U.S. citizens and permanent residents only

Stated Income Home Loan

03/05/2025 No Comments

Stated Income Home Loan Program

This Stated Income Home Loan program provides flexible financing solutions for owner-occupied properties, allowing borrowers to qualify without traditional income documentation.

Eligible Transactions

* Purchase, Rate/Term Refinance, and Cash-Out Refinance

* Debt Consolidation (paying off personal debt qualifies as rate/term)

Loan-to-Value (LTV) & Credit Score Requirements

Purchase & Rate/Term Refinance – Primary Residence:

* 80% LTV/CLTV | 660 Credit Score | 12 Months Reserves Required

* 75% LTV/CLTV | 660 Credit Score | 12 Months Reserves Required

Cash-Out Refinance – Primary Residence:

* 75% LTV/CLTV | 660 Credit Score | 12 Months Reserves Required

* 70% LTV/CLTV | 660 Credit Score | 9 Months Reserves Required

Loan Amount & Reserve Requirements

* Maximum Loan Amount: $3,000,000 (exceptions up to $5M)

* Reserves: Assets must be sourced & seasoned for 30 days (Cash-out proceeds can be used for

reserves)

Credit & Financing Guidelines

Tradeline Requirements:

* Two active tradelines reporting for 12+ months, OR

* One tradeline reporting for 24+ months (with activity in the last 12 months)

* Max Financed Properties: Up to 10, including the subject property

* Mortgage History: No late payments (0x30x12) in the past 12 months

* Recent Forbearance: 24 months seasoning required after exiting forbearance

Eligible Occupancy: Owner-Occupied Only

Eligible Property Types:

* Single-Family Residences (Attached & Detached)

* Condominiums (Warrantable & Non-Warrantable)

*Subordinate Financing & Seller Concessions

* Subordinate Financing: Max 75% CLTV, institutional lenders only * (no seller carrybacks)

* Seller Concessions: Allowed up to 6%

Eligible Borrowers

* US Citizens & Permanent Resident Aliens (Green Card Holders)

* Non-Permanent Resident Aliens with US Credit & Valid Visa

* Visa Types Accepted: E-1, E-2, E-3, EB-5, G-1 to G-5, H-1B, L-1, NATO, O-1, R-1, TN (NAFTA)

* Max 5 Borrowers Per Loan

* Ineligible Borrowers: Non-Occupant Co-Borrowers Not Allowed

Eligible Vesting

* Individual / Joint Tenants

* Community Property

* Tenants in Common

* POA & Revocable Trusts (Inter-Vivos)

This Stated Income Home Loan program is ideal for borrowers seeking flexible income documentation options while securing competitive financing.

Available in the Following States:

Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Louisiana, Maryland, Kentucky, Maine, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

100% LTV FHA DPA

02/12/2025 No Comments

FHA/ DPA Highlights Down Payment Assistance Purchase Only

580 Minimum Credit Score (middle of 3 or lower of 2)

* Exceptions down to 500 Credit Score

* Manual Underwriting – Yes

* First Time Buyer – OK

* DTI to 56%

* 100% LTV – You 96.5% and DPA – 3.5% DPS)

* No Income Restrictions

* Non-Occupied Co-Borrower – OK

12 Month Bank Statement Program

01/02/2025 No Comments

Bank Statement Loan Program for Self-Employed Borrowers

Our programs are designed to simplify financing for self-employed and 1099 borrowers by using 12 months of bank statements instead of traditional tax documents. No 1040s, 1120s, K1s, IRS transcripts, or 4506-Ts are required, offering a hassle-free qualification process.

12 Month Bank Statement Loan – $4,000,000 – 90% LTV

This program has some Non-Prime features

90% LTV, Credit Score – 660

85% LTV, Credit Score – 640

80% LTV, Credit Score – 620

75% LTV, Credit Score – 600

Loan Amount and LTV Limit and Requirements

Our mortgage options offer flexible loan-to-value (LTV) ratios to suit various borrower needs. Financing is available up to 90% LTV with standard requirements. For borrowers with a minimum FICO score of 640, we offer up to 85% LTV, while those with a 660 score can access 90% LTV. Applicants with a minimum 620 FICO score may qualify for up to 70% LTV. Maximum loan amounts reach $3.5 million, providing ample financing for larger property investments.

Credit Score Requirements and Loan Terms

Credit score requirements vary based on desired LTV, ensuring accessible options for borrowers across credit profiles. Available loan terms include 30-year and 40-year interest-only options, offered as both fixed-rate and adjustable-rate mortgages (ARM). Additionally, our team simplifies the process by calculating your income for you, ensuring a smoother qualification experience.

Occupancy and Property Types

Our mortgage solutions are versatile, accommodating primary residences, second homes, and investment properties. For 2-4 unit properties, financing is available up to 85% LTV. This flexibility allows borrowers to explore various real estate opportunities, whether for personal living spaces or income-generating properties.

Additional Underwriter Guideline Highlights:

* Up to 90% LTV for Purchases and 85% LTV for Cash Out Refinances

* Loan Amounts as High as $4,000,000 With a Minimum 600 FICO

* No Mortgage Insurance (MI) and No Reserves Required For ≤ 75% LTV

* Ideal For Self-Employed Borrowers Seeking Flexible, Efficient Mortgage Solutions.

Available in the Following States:

Arizona, California, Colorado, Florida, Georgia, Hawaii, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Washington.

DSCR No Ratio No SSN#

12/30/2024 No Comments

Our Debt Service Coverage Ratio (DSCR) loan program is designed for real estate investors who want to qualify based on rental income rather than personal income documentation. Whether you’re a first-time investor or looking to expand your portfolio, this program provides a flexible path to financing.

Key Benefits of a DSCR Loan

First-time homebuyers and first-time investors welcome
85% LTV for amounts up to $1,250,000
First-time investors welcome
FICO scores as low as 620
Loan-to-Value (LTV) ratios up to 85%
Cash-out proceeds may be used as reserves
Loan amounts up to $3,000,000
No personal income documentation required
DSCR No Ratio option available
Eligible for foreign nationals
Not available to citizens or individuals from countries subject to U.S. economic sanctions

Borrowers can secure loans with FICO scores as low as 680 and enjoy loan-to-value (LTV) ratios of up to 85% for amounts up to $2,000,000. This flexibility makes rental properties more accessible for individuals with ITINs who meet the credit requirements.

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, and Wisconsin.

Alt-Doc Jumbo – 80% LTV $5,000,000

12/30/2024 No Comments

California Only

Non-Prime Available

DSCR Available

No title seasoning required for a Cash Out refinance

Primary Residence to $2,000,000 Credit Score Matrix

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	80%	80%	70%

Primary Residence to $2,500,000 Credit Score Matrix

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	75%	75%	70%

Primary Residence to $5,000,000 Credit Score Matrix

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	80%	85%	75%
700	80%	85%	75%
680	75%	80%	75%
660	75%	80%	70%
640	75%	75%	70%

Eligible Property Types

Single Family Residence, 1-2 Unit, 3-4 Unit, Condominiums, non-warrantable Condominiums

Eligible Occupancies

Owner-Occupied, Non-Owner-Occupied, Investment Property, Second Home/ Vacation Home

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

Bank Statement Loan 90% LTV – 620 Credit Score

12/27/2024 No Comments

12 Month and 24 Month Bank Statement Loan for Self-Employed Borrowers

Non-QM Financing Options

This Bank Statement Loan Program enables individuals with complex tax deductions to demonstrate their true income or revenue without wasting time on traditional income documentation such as tax returns, making it easier to qualify for a mortgage.

Bank Statement Mortgage Program Highlights:

* Loan amounts up to $5,000,000

* DTI (debt-to-income) Ratio to 55%

* Reserve Requirement – 2 Months

Cash-Out Refinance

* Maximum CLTV 85%

* Maximum DTI – 50%

* Maximum Loan Amount $3,500,000

Bank Statement Loan Credit Requirements:

* Minimum Credit Score – 620

* Mortgage 12 Month Payment History – 1 x 60 (60-day late), 1 x 30 (30-day late)

* Previous 24 Month Payment History – 1 x 90 (90-day late)

Bank Statement Loan Service

Benefit from free income calculation services, acceptance of combined statements, without ever being required to produce actual “income documentation”.

Whether you’re aiming to maximize loan amounts or streamline your application process, this program is an excellent solution for those with a 90% LTV and a 620 credit score.

Available in the Following States:

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

354 1-4-13-1518-20-7-1-7-5

Qualify Using Your Assets

12/18/2024 No Comments

Qualify For a Loan Using Your Assets

Your clients can leverage their assets – with no haircuts – using Logan’s Asset Qualification for Alt-Doc loan product. Assets such as savings, stock portfolios, and other liquid assets, are eligible at 100% as collateral.

Key features:

110% of the loan amount, plus applicable reserves required in post-closing assets

100% of account statements allowed (bank statement andbrokerage statements)

100% of stock, bonds, and mutual funds

100% of retirement accounts

Business assets are allowed (50% of the required assets can be made up of business assets)

Surrender value of life insurance and annuities

Borrower is given an income credit of total assets/60 months for the DTI calculation

Supplemental full doc income allowed

Jumbo Condo Loan 640 Credit Score

12/18/2024 No Comments

Who Qualifies for This Loan

U.S. Citizens and Permanent Resident Aliens
Financing available for non-warrantable co-ops, condotels, condos, small units under 500 sq ft (including studios, lofts, efficiencies, kitchenettes), condo conversions, projects without HOAs, developments with high investor concentration, new construction, and single-entity ownership

Loan Terms & LTV Guidelines

Primary or Second Homes: Up to 80% LTV
Investment Properties: Up to 75% LTV
Units Under 500 sq ft: Up to 70% LTV
Maximum Loan Amount: Up to $5 million (subject to LTV limits)

Refinancing & Cash-Out Options

Borrowers may qualify for cash-out refinancing with unlimited cash at closing, provided LTV requirements are met.

Geographic Coverage

This loan program is available in all 50 U.S. states.

Special Borrower Scenarios & Flexibility

Second homes must typically be located in resort or vacation areas at least 30 miles from the primary residence, or serve as college housing within 5 miles of a school where the borrower’s dependent is enrolled
Eligible for foreign nationals, expatriates, and borrowers on work visas (see program sheets for details)
*Asset depletion strategies accepted (see Asset Depletion Program)
*Gifted down payments, gifted reserves, and gifts of equity are permitted
*Non-occupant co-borrowers allowed up to 75% LTV, including for cash-out refinancing

Documentation & Underwriting Requirements

All condos, co-ops, and condotels require a completed Advancial Project Questionnaire and must pass underwriting review.

Alternative Income Documentation Options

Borrowers may qualify using flexible income documentation, including:

1099-Only Loans
Asset Depletion
Bank Statement Loans
Business Purpose Loans
Debt Service Coverage Ratio (DSCR) Loans
Lite Doc or No Doc Loans
No-Ratio Loans
Reduced Doc Loans
Stated Income / Stated Assets or Verified Assets

Need Help? Contact Us

For pre-qualification or guidance tailored to your situation, connect with a Loan Officer today.

Bank Statement Loan No Tax Returns

12/17/2024 No Comments

Home Loan Without Tax Returns

Self-Employed borrowers often lack the ability to utilize their tax returns to qualify for suitable mortgage financing.. Our Bank Statement Program provides eligible self-employed borrowers the flexibility to qualify for loan amounts up to $5 million using personal or business bank statements instead of tax returns.

Alt Doc Guideline Highlights:

Income Sources: Beyond self-employment allowed

* Bank Statements: 12 or 24 months (business, personal, or both)

* 1099 + YTD Earnings: Accepted

Program Highlights

* Maximum Loan Amount: $5,000,000

* Minimum Credit Score: 640

* Property Types: Primary, second homes, and investment properties

* Condos: No LTV restrictions; non-warrantable condos allowed

* LTV: Up to 90% (exceptions considered)

* Gift of Equity: Permitted for primary homes

* Interest-Only Options: Available

* Real Estate Investor Loan Limits: Maximum of 10 loans or $10 million

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

DSCR – 4 Units

12/17/2024 No Comments

Real Estate Investors & DSCR Loans

DSCR Loans give real estate investors to expand their portfolios by leveraging cash flow, offering flexibility and powerful financing options. This program not only supports your clients but also builds your loyal and growing customer base.

DSCR Program Feature Highlights:

* Jumbo Loan Amounts up to $4,500,000

* Investor -Maximum loans exposure or $10,000,000

* 1-4 unit properties

* Flexible DSCR options: No Ratio (680+ credit), Low Ratio (0.75:1–1:1), Standard (1:1, 660+ credit), and Elite (1.20+ for best rates)

* Up to 85% LTV, 100% gift funds allowed, no borrower minimum contribution

* Loan terms: 5/6 ARMs, 30- and 40-year fixed, with interest-only options

* First-time buyers/investors and foreign nationals eligible

* Dedicated DSCR/Investor loan support team

* Investment property only

*Offer competitive DSCR solutions to grow your clients’ portfolios and your business.

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

Debt Service Coverage Ratio Mortgage Loan Program

10/23/2024 No Comments

680 Credit Score to $3,000,000 Loan Amount

Our Debt Service Coverage Ratio (DSCR) mortgage loan program is designed for investors, high-net-worth individuals, and self-employed borrowers. Qualification is based on the property’s rental income, with DSCR calculated as gross rental income divided by P(I)TIA. This program accommodates 1-4 family homes, condos, and 5-8 residential units.

Non-QM Mortgage Lender Offering DSCR Loans

As a Non-QM mortgage lender, we provide loans up to $3,000,000 with no TRID waiting periods. Borrowers can close in an LLC or corporation, with credit scores as low as 620 and DSCR ratios down to 0.75. Our DSCR calculated using gross rental income divided by total housing expense.

DSCR loan Guideline Highlights

DSCR Ratio – .75

Rental Income Driven

Eligible Property Types

Single Family Residence, 1-4 Unit, Warrantable, Non-Warrantable Condos, Commercial Multi-Units

Eligible Occupancy Types

Owner-Occupied

Non-Owner-Occupied

Eligible Title Vesting

LLC

Corporation

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin.

P&L Only Loan 660 FICO

10/23/2024 No Comments

Profit and Loss (P&L) Loan Programs

Mortgage qualification using a 12-month P&L statement, making it a flexible option for borrowers who don’t fit traditional mortgage plans. Ideal for expanding your client base in Non-QM lending.

P&L Only Program Highlights

* $4,000,000 Maximum Loan

* 85% LTV Purchase / Rate/Term Refinance

* 80% LTV Cash Out Refinance

* 20% Gift to 100% CLTV OK 20% Borrower Contribution

* 640 Minimum Credit Score

* The Profit and Loss (P&L) Loan Program in Non-QM mortgage lending allows borrowers to qualify using a 12-month P&L statement, making it ideal for self-employed individuals.

* 85% LTV for purchases, rate/term refinancing, or cash-out refinancing 80% LTV. For loans with less than

* 80% LTV, 100% of the down payment can be gifted, making it easier for borrowers to secure financing.

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.

DSCR 85% LTV to $4,000,000

10/08/2024 No Comments

The DSCR Mortgage Loan Program offers financing options with a Debt Service Coverage Ratio as low as 0.75. Borrowers can choose from adjustable-rate mortgages (ARMs) with interest-only options or fixed-rate products.

The program allows for loan-to-value (LTV) ratios of up to 80%, with loan amounts ranging from $200,000 to $4,000,000. It supports various property types, including single-family residences (SFR), condos, 1-4 unit properties, and condotels.

Credit Notes:

A minimum FICO score of 680 is required, with exceptions for scores as low as 660. The program permits vesting in corporations and LLCs, and there are no limits on financed properties. Appraisals must include forms 216 and 1007.

Jumbo DSCR Program Underwriter Notes:

DSCR as low as 0.85 by exception

Arms (Interest only available) and Fixed Products Offered

LTVs up to 75% (80% by exception)

Loan amounts $200,000 to $2,500,000 (up to $3.5M by exception)

Eligible Property Types:

* Single Family Residence, Condo, Condotel, Duplex, Triplex, 4 Unit

* Minimum Credit Score 640

* Vesting in Corporations & LLC’s OK

* Unlimited financed REO properties

* Appraisals require Market Rental Survey to be included

Available in the Following States:

Arizona, Arkansas, California, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Washington, Wisconsin, and Wyoming.

213 5-19-20-17-5-5-20

Super Jumbo Investor Mortgage DSCR

10/01/2024 No Comments

Unconventional Real Estate Investor (DSCR) Loan Program

Our Debt Service Coverage Ratio (DSCR) loan program is designed for real estate investors seeking aggressive financing with preferential terms. With a minimum credit score requirement of just 620, qualified borrowers can secure up to 85% LTV on purchase transactions and up to 80% LTV for cash-out refinances. This program makes it easy to leverage rental income while keeping documentation requirements straightforward.

Debt Service Coverage Ratio – 620 Minimum Credit Score

* Maximum LTV 85% Purchase Transactions

* 80% Cash Out Refinance Transactions

* Maximum Loan Amount $15,000,000

* Rental Lease or Appraisal Form 1007

* DSCR – .75% – 1.5%

* No Traditional Income Documentation

* DTI – N/A

* Employment Types: No Job Needed

* Income Documentation Types: N/A

Jumbo DSCR Loan Amounts – Loan-to-Value (LTV) & FICO Scores

Super Jumbo Loan Amounts: $3,500,000 – $4,000,000

* Purchase: 75% LTV ~ 700 FICO -or- 70% LTV ~ 680 FICO

* Cash Out: 70% LTV ~ 680 FICO -or- 70% LTV ~ 700 FICO

Loan Amount: $2,500,000 – $3,500,000

* Purchase: 80% LTV ~ 700 FICO -or- 75% LTV ~ 660 FICO

* Cash Out: 70% LTV ~ 720 FICO -or- 65% LTV ~ 700 FICO

Loan Amount: – $300,000 – $2,500,000

* Purchase: 75% LTV ~ 700 FICO -or- 70% LTV ~ 680 FICO

* Cash Out: 75% LTV ~ 720 FICO -or- 70% LTV ~ 700 FICO

Reserves Requirements:

* Purchase 6 Months (PITI/PITIA) to 80% LTV or 3 Months to 75% LTV

* Cash Out – Not Required

Eligible Property Types:

* Single Family Residence (SFR)

* Condos – Warrantable

* No Condotels

Loan Scenario Form – Credit Check Not Required

Eligible Occupancies:

* Non-Owner/Investment Only

* Second/Vacation Homes – Not Eligible

Available Terms:

* ARM: 3 Year ARM, 5 Year ARM, and 7 Year ARM

* 40-year fixed Fully Am or Interest Only Options are Available with 660 Credit Score

Credit Criteria Requirements

Tradelines Requirements:

One – 36-Month payment history

Two – 24-month Previous History Open and Active

Credit Score Requirements

* 620 Minimum

“Housing Event” Credit Seasoning:

* Bankruptcy – 2 years required

* Foreclosure – 2 years required

* Short Sale – 2 years required

* Deed in Lieu – 2 years required

Underwriter Notes and Highlights:

* Mortgage Lates – 12 Months Seasoning

* First Time Home Buyers – OK

* Gift Funds OK with 5% Minimum Borrower Contribution from Family Immediate Member

* Rent-free housing history OK

* Pre-payment Penalty Options

* Investors: 15 financed Real Estate Owned (REO)

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.

No Ratio DSCR Loan

08/23/2024 No Comments

The DSCR mortgage loan program is a powerful tool for investors to achieve their short term and long term investment objectives. With credit score requirements starting as low as 600 and a maximum loan-to-value (LTV) of 85%, this program offers flexibility and accessibility. Loans range from $200,000 to $3,500,000.

Investor Income Documentation Does Not Apply

Notably, personal income verification isn’t required, and cash-out options can be used for any reserve requirements.

Alt Doc & Reduced Doc – 1 Year Employment

1099 Only Lite Doc Bank Statement Loan – Qualify with just 1 year of income and employment verification. Ideal for self-employed borrowers with a 660+ credit score. Get up to 90% LTV on loans up to $1,500,000. Includes asset utilization and does require Form 4506-C (formerly Form 4506-T) and one year of tax returns.
All Program Details

12/19/2019
One Year “1099 Only” Income Reduced Doc Program

The 1099 Mortgage Program makes qualifying easier for self-employed borrowers. Only one year of 1099 income is required—no full tax returns—offering high loan amounts, flexible underwriting, and availability across 30+ states.
All Program Details

09/03/2025
Investor Bank Statement Loan

Prime & Non-Prime | Self-Employed Borrowers Our Investor Bank Statement Loan program caters to borrowers who thrive outside the conventional lending box. As a portfolio direct lender, we make our own Non-QM and Non-Prime manual underwriting decisions, offering flexibility and real-world judgment rather than rigid, automated approvals. Some portfolio lenders also operate as banks, lending…
All Program Details

08/14/2025
Non-Prime Cash Out Refinance

Our Bank Statement Loan program provides self-employed borrowers with an alternative to traditional income documentation. Use personal or business bank statements for up to 24 months to qualify for home loans with flexible terms. Available for purchases, refinances, and cash-out options, this program accommodates credit scores as low as 600, including previous bankruptcies, foreclosures, and…
All Program Details

03/25/2025

DSCR Mortgage Loan Program Highlights:

Credit Score: Minimum required credit score is 600

Loan-to-Value (LTV) Ratio: Maximum LTV is 85%

Loan Amount: The loan must be between $200,000 and $3,000,000

Income Verification: Personal income is not required to qualify

First-time homebuyers OK, 75% max LTV.

Cash-out funds can be used as reserves

No Ratio Option: There is a no ratio option available, which means debt service coverage ratio (DSCR) requirements can be waived.

This special DSCR mortgage loan program serves the needs of investors without existing experience in property ownership.

Non-Owner-Occupied Only

DSCR No SSN

08/08/2024 No Comments

DSCR Mortgage – Social Security Number Not Required

Our flexible options with DSCR, No Ratio makes it easy to purchase or refinance (including Cash Out)

DSCR ≥.75 and No Ratio options

Qualify with a minimum DSCR of .75 and loan amounts up to $4,000,000. Short-term rentals are eligible, and for multiple borrowers, the highest mid-score applies. Choose from 15-, 30-, or 40-year fixed, or ARM options, with interest-only options available.

These loans allow corporate and LLC vesting, and gift funds can be used. A DSCR of 1.0 or higher is preferred, but No Ratio options are also available, providing added flexibility for borrowers.

Foreign National Borrowers OK

Foreign nationals can qualify in all states for purchase, rate-and-term, or cash-out refinancing. Foreign nationals may borrow up to 75% LTV, ensuring access to substantial financing opportunities.

Get the tailored loan solution you need with customizable terms and options that fit your unique financial situation.

Loan Programs Guideline Highlights

* Loan Amounts up to $4,000,000

* Short Term Rentals allowed

* If more than one borrower, use highest mid-score

* Terms: 15-yr fixed, 30-yr fixed, 40-yr fixed, 3-year, 5-year, and 7-year with Interest Only options

* Vesting: Corporate and LLC vesting OK

* Gift Funds (5% minimum borrower contribution)

* Foreign National – all states – purchase, R/T, & cash-out

* Foreign Nationals up to 80% LTV

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wyoming.

DSCR 85% LTV

08/05/2024 No Comments

Our manual underwriting process for DSCR loans provides the flexibility to evaluate loans comprehensively, allowing for more credit approval decisions.

LTV up to 85% on purchase loans and rate/term refinances, accommodating a wider range of borrowers and financial situations.

And here’s the winning advantage: our free concierge service, FAST Lane, removes the uncertainty from Non-QM loans.

We understand that each investor’s situation is unique, and we’re dedicated to providing flexible solutions to meet your investment property needs.

Available in the Following States:

Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, and Washington.

Bank Statement Jumbo Mortgage

07/22/2024 No Comments

Bank Statement Loan $4,000,000. Max LTV 85%

Bank Statement Jumbo Mortgage: Borrow up to $4,000,000 with a maximum 90% LTV

Maximum LTV/ Minimum Credit Score Requirements

* 90% LTV- 700 Credit Score

* 85% LTV- 680 Credit Score

* 80% LTV – 640 Credit Score

* 75% LTV, 620 Credit Score

Required Reserves (Cash Out Qualifies as Reserves):

* Loan Amount $2,000,000 – 6 Months

* Loan Amount $3,000,000 – 9 Months

* Loan Amount $4,000,000 – 12 Months

* R/T Refinance – 0 Months @ 70% LTV or less

* Loan Amount – 700 Credit Score:

* Loan Amount – $3,500,000 – 90% Max LTV

* Loan Amount – $4,000,000 – 85% Max LTV

Eligible Occupancies:

* Primary Residence

* Second Home

* Investment

Eligible Property Types

* Single Family Attached

* Single Family Detached

* Condominium 85% Max LTV

Eligible Citizenship:

* US Citizen

* Permanent Resident Alien

* Non-Permanent Resident Alien

Maximum DTI 50%. 55% exceptions

* Required Credit:

* Credit Credit Event Seasoning 48 months

* Mortgage Payment 12 Month History – 1×30 OK

* Gift Funds

* 10% Gift & 5% Borrower Contribution on Non-Owner-Occupied

* 100% Gift is OK on Owner Occupied (no LTV restrictions)

* Outside Second Mortgage OK 95% CLTV Maximum

Available Terms:

* 30 Yr Fixed – with or without Interest Only. 15 Year I/O – 30 Year Amortization

* 40 Yr Fixed – with or without Interest Only. 15 Year I/O – 30 Year Amortization

Available in the Following States:

Prime Advantage

06/30/2024 No Comments

3-Month Bank Statement Non-Prime Mortgage

06/28/2024 No Comments

3 Months Bank Statements Alt Doc Type

Three Months Bank Statements (business, personal or both (multiple accounts OK) accounts if income deposit activity can be identified and makes sense. If there’s income deposit activity, provide statements from that account. Include Asset Based Income Doc Option.

Non-Prime 3-Month Bank Statement Mortgage Loan Program

Non-Prime Alt Doc loans offer flexible options for borrowers with unique income verification needs. Choice options allow you to utilize only 3 months of bank statements.

Self-Employed Mortgage Product & Service

Qualify for as much as $4,000,000 with a 680+ FICO, or $3,000,000 with a 660+ FICO, or $2,500,000 with a 640+ FICO, OR 1,500,000 with a 620+ FICO.

Purchase to $4,000,000 to 85% LTV

The Jumbo On-Prime Mortgage Loan Program offers flexible financing options for self-employed borrowers with average credit. With up to 85% LTV available for purchase and a minimum 720 credit score requirement, this program is tailored for those who may not qualify for traditional loans but seek competitive terms.

Cash Out Refinance – $3,500,000 – 80% LTV

Cash Out OK to 80% LTV/CLTV is available for those with a 660 credit score, making Non-Prime Alt Doc loans good sense for self-employed homeowners with average credit.

Four Easy Income Doc Options:

Bank Statements: See 2, 6, 12, and 24 Month Programs

Three Months Bank Statements (most recent all pages)

*Personal Bank/ DBA Account(s) Only

** Asset Depletion to Supplement

Profit & Loss Statement “P&L Only Loan”:

12 Month P&L Statement

Borrower Prepared and Unaudited – Available
- 2 Months Business Bank Statement to Support.

Written Verification of Employment | WVOE:

— Verification of Employment “VOE Only”

Two Year History. See one year Verification of Employment (VOE) Loan Programs
Written Verification of Employment (WVOE), or a Borrower Prepared, “and unaudited” P&L Only Statement (with two months business bank statements to support.

Asset Depletion

liquid asset accounts can be a separate source of income calc: Total liquids assets / 5 months-9 months Stated on the 1003

Purchase Loan Matrix – Loan Amount/ Credit Score/ Loan-to-Value

Max Loan Amount	Credit Score	Loan-to-Value	Property Type	Occupancy
$1,000,000	600	75%	SFR	Owner-Occupied
$1,500,000	620	75%	SFR	Owner-Occupied
$2,000,000	640	70%	SFR	Owner-Occupied
$2,500,000	660	75%	SFR	Owner-Occupied
$3,000,000	680	80%	SFR	Owner-Occupied
$4,000,000	700	85%	SFR	Owner-Occupied

Cash Out Refinance Loan Matrix

Max Loan Amount	Credit Score	Loan-to-Value	Property Type	Occupancy
$1,000,000	600	70% LTV	SFR	Owner-Occupied
$1,500,000	620	70% LTV	SFR	Owner-Occupied
$2,000,000	640	75% LTV	SFR	Owner-Occupied
$2,500,000	660	70% LTV	SFR	Owner-Occupied
$3,000,000	680	70% LTV	SFR	Owner-Occupied
$4,000,000	700	75% LTV	SFR	Owner-Occupied

Property Detail Information

Eligible Property Types:	Eligible Occupancy Types: ~
* Single Family Residence – Attached * Single Family Residence – Detached * Condominiums 5% LTV Reduction <4 Stories * 1-2 Units (permitted additions) * 1-4 Units (permitted additions) * PUD	* Primary/ Owner-Occupied (primary or investment), * Second Homes (Vacation Home) * Investment Property Owner-Occupied – Business Purpose (Accessory Dwelling Unit OK) * Business Prequalify for Business Purchase (ADU),

Borrower & Business

Eligible Borrower Types:	Eligible Company Types:
American Citizen Foreign National Permanent Resident Alien Non-Permanent Resident Alien	* C Corporation * S Corporation * LLC * Sole Proprietor

Available Terms:

* 7/6 ARM, and 7/1 ARM
* 30-Year Am. and I/O – Interest-Only

Available in the Following States:

177_06282024-1992

Investor Purchase Loan Program

06/15/2024 No Comments

Product and Service

Created: 16 September 2014 ||| Last Updated: 06 February 2025

Investor Purchase Loan Program

Real Estate Investor Loan: Up to 12 Financed Properties – OK

680 Middle Credit Score | 85% Maximum LTV

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

No Ratio Income Documentation

* Leases (or appraisal form 1007)

* Six months Reserves required for the subject property plus 6 months liquid reserves for every property that is currently being financed. (Cash out can cover reserve requirement)

Jumbo Loan Amounts

* Minimum – $250,000

* Maximum – $5,000,000

Eligible Property Types:

* Single Family Residence

* Non-Warrantable Condo

* 2 Units

* PUD

Eligible Occupancies:

* Non Owner-Occupied

* Second Home

Underwriter Highlight 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

Available in the Following States:

Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Maine, Massachusetts, Michigan, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, and Washington

Jumbo Mortgage Alt Doc

06/14/2024 No Comments

Jumbo Bank Statement Program – 640 Credit Score

Self-Employed including 1099 Independent Contractors as well as W2 Commission Professionals. 3 Bank Statement mortgage options that provide flexibility for business owners that utilize both their personal account and Business account for business expenses, income deposits, transfer activity. In addition, this program also offers a P&L Only Program, also for self-employed borrowers. Interest only term flexibility. too.

Non-QM Loans Do Not Require Form 4506-C

Alternative Income Documentation Options to $10,000,000

* 6 Months, 12 Months, or 24 Months Bank Statements

* Profit & Loss (P&L Statement) Statement Only

* Self-Employed Only defined by percentage of ownership >25%

Maximum Loan Amounts/LTV and Credit Score

$2,000,000 – Single Family Residence / Primary Residence:

740 Credit Score
- 95% LTV Purchase or Rate/Term
- 90% LTV Cash Out Refinance

720 Credit Score
- 90% LTV Purchase or Rate/Term
- 85% LTV Cash Out Refinance

700 Credit Score
- 85% LTV Purchase or Rate/Term
- 80% LTV Cash Out Refinance

680 Credit Score
- 80% LTV Purchase or Rate/Term
- 70% LTV Cash Out Refinance

660 Credit Score
- 75% LTV Purchase or Rate/Term
- 70% LTV Cash Out Refinance

$3,000,000 – Single Family Residence / Primary Residence:

720 Credit Score
- 85% LTV – Purchase or Rate/Term Refinance
- 80% LTV – Cash Out Refinance

700 Credit Score
- 80% LTV Purchase or Rate/Term
- 75% LTV Cash Out Refinance

680 Credit Score
- 75% LTV – Purchase or Rate/Term Refinance
- 70% LTV – Cash Out Refinance

660 Credit Score
- 70% LTV Purchase or Rate/Term
- 65% LTV Cash Out Refinance

$5,000,000 – Single Family Residence / Primary Residence:

740 Credit Score
- 80% LTV Purchase or Rate/Term
- 75% LTV Cash Out Refinance
720 Credit Score
- 75% LTV Purchase or Rate/Term
- 75% LTV Cash Out Refinance
700 Credit Score
- 70% LTV Purchase or Rate/Term]
- 70% LTV Cash Out Refinance
680 Credit Score
- 65% LTV Purchase or Rate/Term
- 65% LTV Cash Out Refinance
660 Credit Score
- 60% LTV Purchase or Rate/Term
- 60% LTV Cash Out Refinance

$7,00,000 – Single Family Residence / Primary Residence:

740 Credit Score
- 85% LTV Purchase or Rate/Term
- 80% LTV Cash Out Refinance
720 Credit Score
- 85% LTV Purchase or Rate/Term
- 75% LTV Cash Out Refinance
700 Credit Score
- 80% LTV Purchase or Rate/Term]
- 70% LTV Cash Out Refinance
680 Credit Score
- 75% LTV Purchase or Rate/Term
- 70% LTV Cash Out Refinance
660 Credit Score
- 70% LTV Purchase or Rate/Term
- 65% LTV Cash Out Refinance

$10,000,000 – Single Family Residence / Primary Residence:

740 Credit Score
- 80% LTV Purchase or Rate/Term
- 75% LTV Cash Out Refinance
720 Credit Score
- 75% LTV Purchase or Rate/Term
- 70% LTV Cash Out Refinance
700 Credit Score
- 70% LTV Purchase or Rate/Term]
- 65% LTV Cash Out Refinance
680 Credit Score
- 65% LTV Purchase or Rate/Term
- 60% LTV Cash Out Refinance
660 Credit Score
- 60% LTV Purchase or Rate/Term
- 55% LTV Cash Out Refinance

Eligible Property Types:

* Single Family Residence (SFR)

* Condominium

Eligible Occupancies:

* Owner-Occupied

* Investment Properties

Eligible Borrowers:

* Permanent Resident Alien

* Non-Permanent Resident Alien

Title Vesting Options:

* Natural Person

* LLC

Terms:

* Interest Only Term Options Available:

* Fixed: 30 year and 40 year both feature Interest Only options

* ARMs: 3 year, 5 year, and 7 year ARMs

Credit Notes:

This program does not allow for any mortgage lates and requires 36 months seasoning since last major credit event, such as bankruptcy, Foreclosure, Short Sale, and Deed-in-Lieu.

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

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

Second Mortgage Alt Doc 90% CLTV

03/26/2024 No Comments

Alternative Income Documentation: 12 Months Bank Statements

Income verification is not required for the bank statement second mortgage loan program. Instead of traditional income documentation, it uses alternative methods like bank statements to assess a borrower’s financial ability, making it a flexible option for those who may not meet standard income verification requirements.

Jumbo Bank Statement Second Mortgage

Jumbo loan amounts to $750,000, with combined (1st mortgage and second mortgage total) loan amounts permitted up to $2,500,000.

Our bank statement second mortgage loan program offers jumbo second mortgage loan amounts up to $750,000. It requires a minimum FICO score of 640 and allows a maximum CLTV (Combined Loan-to-Value) of 90%, making it ideal for borrowers seeking flexibility without strict income documentation.

This Non-QM mortgage lender program supports closed-end second liens, stand-alone options, or piggyback loans combined with a first mortgage. It’s a solution for those looking to finance purchases or consolidate debts with alternative qualification methods.

Closed End Second Liens, Stand Alone, or Piggyback

* Investment properties eligible to 80% CLTV

* Terms: various term options are available, including 10, 15, 20, and 30 years, with additional combinations like 30/15 and 40/15 Interest Only. Prepayment penalty – None

* Title Vesting: Business Entity Vesting OK

** In-house underwriting available.

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.

Condo Mortgage 90% LTV Jumbo

12/10/2019 No Comments

Condo Mortgage Program 90% LTV to $2,500,000

Purpose: Purchase, Refinance Cash Out

80% LTV – $4,000,000 – 740 Credit Score

80% LTV – $3,500,000 – 720 Credit Score

90% LTV – $2,500,000 – 700 Credit Score

90% LTV – $1,500,000 – 680 Credit Score

85% LTV – $2,500,000 – 660 Credit Score

85% LTV – $1,500,000 – 640 Credit Score

Verbal Verification of Employment Options Available (V V O E)

First Time-Home-Buyer OK – 2 Million Maximum Loan Amount

40 Year Fixed Rate – Interest-Only Option with 660 Middle Credit Score

Expanded Guidelines Options for Non-Traditional Condominium Property Types* 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 – OK

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

Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK

Power of Attorney OK for Purchase and Rate and Term Refinance

Non-Occupant Co-Borrowers OK

Vesting LLC OK

Gaps in Employment OK Case-by-Case

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.

Portfolio Jumbo – Stated Income

10/07/2017 No Comments

Alt Doc (24 Months) – Bank Statement Program

Stated Income / Verified Asset mortgage program for borrowers that own their own business. Business entity types: c corporation, s corporation, LLC, partnerships.

Loan Scenario Form – Credit Check Not Required

True California Stated Income Programs We Offer

Self-Employed Home Loan: An alternative to the “bank statement loan” program for the well-qualified self-employed borrower. You could say this is an equity-based loan program in that the max LTV would be 65%. You could also call it a “portfolio loan” or “Non-QM” mortgage.

Well Qualified Alternative Income Documentation Program

On a refinance transaction, the purpose of a program like this is to improve the borrowers existing mortgage, Rate & Term refinance. With a substantial down payment purchase or good equity-position refinance, excellent credit with liquid assets in the amount of at least 12 months housing expense reserves. It can be an alternative to a “bank statement loan” program for the well-qualified borrower.

Self-Employed Mortgage Loans

720 Credit Score | SFR

* $2,500,000 – 75% LTV

* $3,000,000 – 75% LTV

* $3,500,000 – 70% LTV

700 Credit Score | SFR

* $2,500,000 – 70% LTV

* $3,000,000 – 70% LTV

* $3,500,000 – 65% LTV

680 Credit Score | SFR

* $1,5000,000 – 70% LTV

* $3,000,000 – 70% LTV

* $3,500,000 – 65% LTV

* Product Term: 7/1. Interest-Only payment is available

Reserves Requirement

All Stated Income Loans require 12 Months P&I Principle & Interest for each property financed; exceptions are common with compensating factors.

Eligible Property Types:

* Single Family Residence SFR

* PUD

* Condos

* Duplex

* Triplex

* 4 Unit

Stated Income/ Asset-Based :

* Stated Income on 1003 (reasonable for job position/job title) or

* Verified Assets including down payment + / 6 = Income

Self-Employment Verification | SVOE Documentation

* Proof of ownership – Business License, CTP CPA Letter verifying 2yrs+ ownership, etc.

* Description ‐ Business, Industry, and Borrower’s Title on 1003

Wage Earner Verification | SVOE Documentation

* Proof of employment – Business License, etc.

* Description ‐ Business, Industry, and Borrower’s Title on 1003

Eligible Occupancies: Owner-Occupied Investment OK

Underwriter Note Highlights (Pre Underwrite Available)

* Exception down to 700 Credit Score

* Loan Amounts to $2,500,000

* Loan Amount exceptions made to 11,500,000

* Interest Only not available

* No 4506T not required

* Tax returns not required

* Paycheck stubs not required

* 2 month Bank Statements

* Liquid assets from the business are OK if 100% ownership

* Debt-to-Income | DTI Max 45%

* Foreign Nationals OK

* 100% Gift funds OK and 60% Foreign National

Credit Notes

* Previous housing payment history, 1 30-day late Maximum

* 3 open accounts on credit at minimum 1 year seasoned

* “Housing event” seasoning

* Bankruptcy – 3 years

* Short Sale – 2 years

* Foreclosure – 5 years

Available in the Following States:

California

Reference # 123-34c52-100717

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	80%	80%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	75%	75%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	80%	85%	75%
700	80%	85%	75%
680	75%	80%	75%
660	75%	80%	70%
640	75%	75%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	80%	80%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	75%	75%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	80%	85%	75%
700	80%	85%	75%
680	75%	80%	75%
660	75%	80%	70%
640	75%	75%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	80%	80%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	90%	85%	80%
700	90%	85%	80%
680	85%	85%	80%
660	80%	80%	75%
640	75%	75%	70%

Credit Score	Purchase	Refinance R/T	Refinance Cash Out
720	80%	85%	75%
700	80%	85%	75%
680	75%	80%	75%
660	75%	80%	70%
640	75%	75%	70%