CONDOTEL
Up to 70% Max LTV on Purchase and Refinance - 575 or greater credit scores
- Max Loan $4M
- No minimum square feet
- Up to 103 LPC Non-Owner Occupied
- Resort, Airbnb, Daily Rentals acceptable
- Full Doc and Bank Statements available
- LLC or corporate closing available Refinance
- 575 or greater credit scores
- No minimum square feet
- Up to 103 LPC Non-Owner Occupied
- Resort, Airbnb, Daily Rentals acceptable
- Full Doc and Bank Statements available
- LLC or corporate closing available
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| BANK STATEMENT
Qualify with 100% on Personal Account Deposits and 50% on Business Account Deposits (12 consecutive months) - Max 90% LTV Purchase
- Max 80% LTV Refinance
- Self-Employed and 1099 Borrowers
- Min 600 FICO
- Up to $4M Loan Amounts
- No reserves required ≤ 75% LTV
- No 4506T / No K1’s / No P&L’s
- No MI
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INVESTOR
CASH FLOW
Available on SFRs, 2-4 Units, Condos, Townhomes, Condotels, and Non-Warrantable Condos - Non-Owner Occupied only
- No income or job verification
- Min 575 FICO
- Loan amounts up to $3M
- 30-year Fixed program with 3 year pre-pay
- LPC & Borrower Paid Comp available (or a combination of the two up to 4 points)
- .80 minimum DSCR
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| SMALL BALANCE MULTIFAMILY
5 to 24 Units - Minimum DSCR 1.0
- No deposits required
- Max 70% LTV on Purchase & Rate-Term Refi
- Max 65% LTV Cash Out Refi
- Down to 625 Mid FICO
- Loan amounts down to $250K
- Loan amounts up to $3M
- Multifamily Residential Properties 5-24 Units
- Single Asset Entities Only
- Interest Only options available
- Minimum 6 months P&I in Reserve
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BUSINESS PURPOSE - 1 to 4-unit properties
- Qualify using Rents (cash flow)
- Condotels/Airbnb/Daily Rentals allowed
- Can close in Corporate (LLC) but not required
- Up to 80% Max LTV on Purchase
- 575 or greater credit scores
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| ITIN
Individual Taxpayer Identification Number - Qualify WVOE, 12-Month Bank Statement for SE and DSCR
- 2-year income history
- Valid U.S. government issued ID
- 80% Max LTV Purchase
- 75% Max LTV Refinance
- Loan amounts up to $1M
- No Reserves required
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Bridge – Investors Refinance Loans (Rate & Term, Rehab & Cash-Out options available)
Highlights of this product include: - SFR 1-4 Units; Multi-Family 5-24 Units.
No mixed-use - Loan Amounts: SFR 1-4 Units – up to $4 million; Multi-Family 5-24 Units – up to $7.5 million
- 12-month interest only (no pre-pay penalties)
- Non-TRID (enabling a faster close)
- Rehab options available
- Options for no interest on Rehab Draws until requested
- Timely processing of Rehab requests
- Heavy Rehab options available
- Option to finance points and fees
- Cash-Out up to 70% LTV
- Up to 75% LTV, 65% ARV, and 85% LTC
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| Bridge – Investors
Purchase with Rehab Loans
Highlights of this product include: - SFR 1-4 Units; Multi-Family 5-24 Units. No mixed-use
- Loan Amounts: SFR 1-4 Units – up to $4 million;
Multi-Family 5-24 Units – up to $7.5 million - 12-month interest only (no pre-pay penalties)
- Non-TRID (enabling a faster close)
- Options for no interest on Rehab Draws until requested
- Timely processing of Rehab requests
- Heavy Rehab options available
- 100% Rehab financing available
- Up to 85% LTV, 65% ARV, and 85% LTC available
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NON-QM NICHE - Condotels: Max LTV 70% Purchase, 65% Refi
- Adult Care Facilities: Max LTV 75% Purchase, 70% Refi / Min 600 FICO
- Manufactured Homes: Max LTV 70% Purchase / Double wide and permanently a?xed to foundation / 1976 or newer
- Short-Term Rentals: Max LTV 75% Purchase, 70% Refi / Can use STR comps on 1007
- 3-4 Units: Max LTV 85% Purchase, 85% Refi
- Scores Down to 575: Recent Bankruptcy OK / Full Doc only / Bank Statements case-by-case with 0x30 on mortgage
- LOAN AMOUNT: Up to $4M, (Minimum $100K)
- $4M-10M: Max LTV 60% Purchase, 55% Refi /
- RESERVES Not required ≤ 75% LTV
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| Bridge – Investors Purchase Loans In today’s booming real estate market, properties are scarce. You may have found your desired property and don’t want to lose it. Our investor “bridge financing” facilitates our partners’ ability to close quickly and be competitive in a thriving housing market.
Highlights of this product include: - SFR 1-4 Units; Multi-Family 5-24 Units. No mixed-use
- Loan Amounts: SFR 1-4 Units – up to $4 million; Multi-Family 5-24 Units – up to $7.5 million
- 12-month interest only (no pre-pay penalties)
- Non-TRID (enabling a faster close)
- Shorter term loan before longer term financing is obtained
- Renter-occupancy not required
- Up to 80% LTV
Jumbo Loan financing available
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HELOC FOR DOWN PAYMENT
We can now offer a BUYER PIGGYBACK HELOC (20- OR 30-YEAR)
Your Buyer can secure a mortgage on a home while simultaneously opening a home equity line of credit. Ideal for borrowers with less available for a down payment — the additional borrowed money can help them avoid paying private mortgage insurance.· - Available on primary and second home purchases, rate/term and cash-out refinances on conventional loans
- Loan amounts up to $500,000
- 680+ FICO, up to 89.99% CLTV
- $100,000 minimum line amount, initial draw must be 75% of line amount
- For line amounts up to $250,000, an appraisal waiver is accepted with an approved AVM*Not applicable in Texas **Condos require full appraisal
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| FOREIGN NATIONAL
Letter of good standing with current financial institution or
international credit report - 1 to 4-unit properties
- No income, job, or credit required
- No Reserves required
- Non-Owner Occupied only
- 5yr/7yr ARM & 30-year Fixed
- 70% Max LTV Purchase
- 65% Max LTV Refinance
- Loan amounts up to $3M
- Condotels/Pudtels allowed
- Short-term Rentals allowed
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