NON – QM Products
ITIN Program:
- Down Payments from 15%-25% (depending on credit score)
- Credit score from 0 to 800
- Income requirement: P&L 12 months , Bank statements 1-2 years, Full Doc 1 year and full doc 2 year
1099 program:
- Down payments from 10%-25% (depending on credit score)
- Credit scores 660 – up
- 1 year 1099
Bank statement Program:
- Down payments from 10%-25% (depending on credit score)
- Credit scores 660 – up
- Bank statements 1-2 years
Fix and Flip Program:
- Down Payment 20% (entire project including rehab costs)
- Credit scores 660 – up
- No income requirements only assets and reserves
No income program (Only Virginia) any state inquire as well:
- 20% down payment
- No income docs required
- 12 month reserves minimum (can vary based off FICO)
DSCR ≥ 100% or DSCR ≥ 75% – < 100%:
- Loan amounts up to $2 million
- Short-term rentals permitted
- Non-warrantable condos permitted
- Vest in LLC
- Asset seasoning 30 days (no gifts)
- LTV up to 75% for purchase
- LTV up to 70% for cash-out
- FICO beginning at 680
- Interest-only financing available (not available in Texas)
- Foreclosure/short sale/deed-in-lieu seasoning: 36 months
- Bankruptcy seasoning: 24 months
- All files require 1007, 216, or 1025 (for 2-4 units) to determine current market rents
- Maximum financed properties: 20
DSCR (other) Features:
- Use VRBO or Airbnb statements
- Vacant properties are ok
- Investor LLC loans do NOT show on credit
- Can close in LLC or Corporate vesting
- First time homebuyers are ok
- First time investors are ok
- No cash-out limits
- No sourcing or seasoning of assets required
ITIN Full DOC- 90% LTV
- 10% down payment
2TDS 80% LTV - 5-8 unit DSCR 75% LTV*** Mixed Use Eligible
ITIN 24 month Bank statement 80% LTV
ITIN DSCR Available!!
DSCR 80% LTV 660 Min Fico
SUPER JUMBO up to 4 Million!
- 24 Months Bank Statement NO P&L with 100% Deposits
- P&L ONLY NO BANK STATEMENTS
- 12 months out of Foreclosure/ Bankruptcy/ 90+ Day Late
F1 Visa on Foreign National Loans