Terrific Loan Programs For Investors and Non QM Borrowers

For those sitting stacks of cash looking to push their savings to work

Option 1 | Mortgage Only Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property.

 Option 2 | Simplified Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer). 

Option 3 | Traditional Total post-closing assets must meet the sum of the below: 100% of loan amount 60 months of total debt service (do not include subject property’s PITIA or PITIA on rented properties with documented rental income) 60 months of net rental losses on rental properties (do not include subject property’s PITIA) Loan amounts up to $3.5MM Non-Warrantable Condos allowed No income documentation necessary Credit scores as low as 600 Recent credit events allowed All occupancy types allowed 7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only) Multiple financed properties allowed

For those who are self-employed and looking to own a home

Personal and Business Bank Statements allowed

 3 month, 12 month and 24 month Bank Statement options 

Max LTV up to 90% (purchase only) 

2nd Home and Investment properties up to 80% LTV 

Loan amounts up to $3.5MM 

Non-Warrantable Condos allowed

 DTI up to 55%

 Credit scores down to 600

 Recent Credit Events Allowed 

7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only)

 Multiple financed properties allowed

For those independent contractors & freelance workers that are paid like a business owner, but may not own a Business

Multiple 1099 qualification options

 Apply a 25% expense factor to all eligible gross receipts.

 Profit and Loss Statement

 CPA Letter for Expense Ratio

 DTI up to 55% 

Credit scores as low as 600

 Recent credit events allowed

 All occupancy types allowed 

7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only)

 Multiple financed properties allowed Loan amounts up to $3.5MM

Are you feeling down and out because of a Recent Credit Event? Don’t worry, the hard NONI has your back!

Highlights  

Fico as low as 600 

BK Seasoning as low as 1 yr

 Foreclosure Seasoning as low as 1 yr

 Deed in Lieu Seasoning as low as 1 yr 

Short Sale Seasoning as low as 1 yr 

Mtg Lates up to 0x90x12

 Allowed Max 75% LTV on Purchase and Rate and Term 

Max 70% LTV on Cash Out Refinance DSCR ≥ 1.00 Max Loan Amounts up to 2.5 Million

What is a NONI Loan? The NONI is a simple, innovative business purpose loan program available.

 It is designed for business purposes for 1-4 unit commercial mortgage loans and is the result of four years and over $5 billion in Non QM submission research and development. We’re here to help you add this incredible product.

Program Highlights  

As little as 0 months reserves (Use property cashflow to qualify)

 FICOS As Low As 620 

No Seasoning on cash out or rate and term

 No LTV Restrictions on 2-4 units

 LTV’s up to 80% (min 660 fico)

 No Rate Or Pricing Adjustments on Cash Out, Condo, Units NONI Purchase & R/T  

Going to 80% LTV on Purchase & R/T Transactions (min 660) NONI

 Cash Out  Going to 75% LTV on Cash out Transactions (min 660) Across the Board Expansion  Increased max loans amounts across the board (Max $3.5mm)

 Now allowing 1x30x12 Short Term Rental –

 NOW only need 1 year experience Business funds now OK with 25% ownership

The NONI Allows Foreign Nationals 

 Investment Properties only 70% MAX LTV – Purchase and Rate and Term Refi 65% MAX LTV – Cash out Refi Up to $1,500,000 loan amounts

 No Income, No Job, No US Credit Required First Time Home Buyers Allowed, 

First Time Investors Allowed

For those who file income the traditional way looking to expand their loan qualifications

DTI up to 55% 

Credit scores down to 600 

Recent credit events allowed

 All occupancy types allowed

 7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only) 

Multiple financed properties allowed

 Max LTV up to 90% (purchase only) 

Non-Warrantable Condos allowed

 Loan amounts up to $3.5MM