what loan products from champions funding is most popular

The most popular loan products from Champions Funding include:

1. Activator – FULL & ALT-DOC: Offers both full and alternative documentation options, including 5/6 Month SOFR and 30-Year Fixed products.
2. Consumer – No Ratio: Designed for borrowers who do not need to provide income or employment documentation, with Fully Amortizing and Interest-Only options.
3. Accelerator DSCR 5-8 Unit: Tailored for investors targeting 5-8 unit residential properties, requiring a minimum DSCR of 1.00.
4. ITIN Activator: Focused on borrowers with ITIN, offering flexible documentation options like bank statements, P&L, and asset utilization.
5. Ambassador Second Home: Specifically for second home occupancy, with geographic and property type restrictions.
6. Super Jumbo Full /Alt Doc: Designed for high-net-worth borrowers, offering loan amounts from $3,000,001 to $5,000,000.

These programs are tailored to meet the needs of underserved or non-traditional borrowers, with flexible qualification criteria and a focus on common-sense lending. Let me know if you'd like more details about any specific program!

Video Script: Champions Funding - Activator FULL & ALT-DOC Program

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Opening Scene:

• Visual: A professional loan officer sitting at a desk with a laptop, smiling confidently.
• Voiceover:
  "Are you struggling to find a mortgage solution that fits your unique financial situation? Meet the Activator FULL & ALT-DOC program from Champions Funding – the perfect solution for borrowers who need flexibility and options."

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Scene 1: What is the Activator FULL & ALT-DOC Program?

• Visual: Text overlay with the program name: Activator FULL & ALT-DOC and a split-screen showing a borrower reviewing documents and a loan officer explaining options.
• Voiceover:
  "The Activator FULL & ALT-DOC program is designed for borrowers who may not qualify for traditional loans. Whether you're self-employed, have non-traditional income, or need alternative documentation, this program has you covered."

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Scene 2: Key Features

• Visual: A checklist appears on the screen with each feature highlighted as it’s mentioned.
• Voiceover:
  "Here’s what makes the Activator FULL & ALT-DOC program stand out:"
  • "Flexible documentation options, including full doc, bank statements, 1099s, and profit & loss statements."
  • "Loan amounts up to $3 million, with competitive rates and terms."
  • "Supports primary residences, second homes, and investment properties."
  • "Available for purchase, rate/term refinance, and cash-out refinance."

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Scene 3: Who is it For?

• Visual: A diverse group of borrowers – a self-employed entrepreneur, a real estate investor, and a family buying their first home.
• Voiceover:
  "This program is ideal for self-employed borrowers, real estate investors, and anyone with alternative income sources. If you’ve been turned away by traditional lenders, the Activator FULL & ALT-DOC program could be your solution."

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Scene 4: How Does It Work?

• Visual: A step-by-step animation showing the loan process.
• Voiceover:
  "Getting started is simple. Here’s how it works:"
  1. "Choose your preferred documentation type – full doc, bank statements, or alternative options."
  2. "Work with your loan officer to determine your eligibility and loan terms."
  3. "Submit your application and get approved quickly with Champions Funding’s streamlined process."

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Scene 5: Why Choose Champions Funding?

• Visual: A borrower shaking hands with a loan officer, followed by a Champions Funding logo on the screen.
• Voiceover:
  "At Champions Funding, we believe in empowering underserved borrowers with innovative mortgage solutions. The Activator FULL & ALT-DOC program is just one of the many ways we help you achieve your homeownership or investment goals."

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Closing Scene:

• Visual: The Champions Funding logo with the tagline: "Champions Funding – Lending Beyond Limits."
• Voiceover:
  "Ready to activate your dream? Contact your loan officer today to learn more about the Activator FULL & ALT-DOC program!"

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Call to Action:

• Visual: Contact information appears on the screen:
  • "Visit us at Champions Funding or ask your loan officer about the Activator FULL & ALT-DOC Program today!"

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Let me know if you'd like to adjust the tone or add more details!

Video Script: Champions Funding - Accelerator DSCR 5-8 Unit Loan Program

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Opening Scene:

• Visual: A real estate investor walking through a multi-unit property, smiling confidently.
• Voiceover:
  "Are you an investor looking to expand your portfolio with 5-8 unit properties? Champions Funding’s Accelerator DSCR 5-8 Unit Loan Program is here to help you achieve your goals with ease and flexibility."

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Scene 1: What is the Accelerator DSCR 5-8 Unit Loan Program?

• Visual: Text overlay with the program name: Accelerator DSCR 5-8 Unit Loan Program and a split-screen showing a multi-unit property and an investor reviewing financial documents.
• Voiceover:
  "This program is specifically designed for real estate investors targeting 5-8 unit residential properties. It uses the Debt-Service Coverage Ratio (DSCR) to qualify, focusing on the property’s cash flow rather than your personal income."

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Scene 2: Key Requirements

• Visual: A checklist appears on the screen with each requirement highlighted as it’s mentioned.
• Voiceover:
  "Here’s what you need to qualify for the Accelerator DSCR 5-8 Unit Loan Program:"
  • "A minimum DSCR of 1.00, ensuring the property generates enough income to cover its debt obligations."
  • "A clean property condition with no structural deferred maintenance."
  • "Comprehensive appraisal requirements to ensure the property’s value aligns with the loan amount."
  • "Experience in managing similar properties is required to demonstrate your ability to handle multi-unit investments."

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Scene 3: Benefits for Investors

• Visual: A happy investor reviewing their growing portfolio, followed by a montage of multi-unit properties.
• Voiceover:
  "The Accelerator DSCR 5-8 Unit Loan Program offers a range of benefits tailored to investors:"
  • "Flexible loan options for business purposes, including purchase, rate/term refinance, and cash-out refinance."
  • "No personal income documentation required – qualification is based solely on the property’s cash flow."
  • "Competitive loan-to-value (LTV) ratios, with up to 75% for purchases and rate/term refinances, and 70% for cash-out refinances."
  • "Supports a wide range of property types, including multi-unit residential buildings."

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Scene 4: Why Choose Champions Funding?

• Visual: A borrower shaking hands with a loan officer, followed by the Champions Funding logo on the screen.
• Voiceover:
  "At Champions Funding, we understand the unique needs of real estate investors. Our Accelerator DSCR 5-8 Unit Loan Program is designed to provide you with the flexibility and support you need to grow your portfolio and achieve your investment goals."

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Scene 5: How to Get Started

• Visual: A step-by-step animation showing the loan process.
• Voiceover:
  "Getting started is simple. Here’s how it works:"
  1. "Contact your loan officer to discuss your investment goals and property details."
  2. "Submit your application and property information for review."
  3. "Work with Champions Funding to finalize your loan and close quickly."

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Closing Scene:

• Visual: The Champions Funding logo with the tagline: "Champions Funding – Lending Beyond Limits."
• Voiceover:
  "Ready to take your investment portfolio to the next level? Contact your loan officer today to learn more about the Accelerator DSCR 5-8 Unit Loan Program!"

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Call to Action:

• Visual: Contact information appears on the screen:
  • "Visit us at Champions Funding or ask your loan officer about the Accelerator DSCR 5-8 Unit Loan Program today!"

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Let me know if you'd like to refine this script or add more details!

BluePoint Mortgage is not listed among the lenders supported in the current system, so I cannot provide a direct comparison between BluePoint Mortgage and Champions Funding. However, I can provide a detailed overview of Champions Funding's offerings and help you evaluate how they might meet your needs.

If you’re looking for specific comparisons, please let me know the key features or loan types you’re interested in, and I can focus on Champions Funding’s programs to see if they align with your requirements. Let me know how I can assist further!

Comparison: Champions Funding vs. Deephaven

Below is a detailed comparison of the loan programs offered by Champions Funding and Deephaven, focusing on their key features, benefits, and requirements.

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Key Features and Programs

Feature	Champions Funding	Deephaven
Target Borrowers	Underserved and underbanked borrowers with flexible documentation needs.	Borrowers with unique financial situations, including those with less-than-perfect credit.
Popular Programs	- Activator – FULL & ALT-DOC - Accelerator DSCR 5-8 Unit	- Expanded Prime Program - Non-Prime Program
Documentation Options	Full Doc, Bank Statements, 1099, Profit & Loss, WVOE, No Doc (Community Program).	Full Doc, Bank Statements, 1099, Profit & Loss, Asset Qualifier.
Loan Purposes	Purchase, Rate/Term, Cash-Out.	Purchase, Rate/Term, Cash-Out.
Property Types	SFR, Condo, Townhome, 2-4 Unit, 5-8 Unit, Mixed Use.	SFR, Condo, Townhome, 2-4 Unit, 5-8 Unit, Rural.
Occupancy Types	Owner Occupied, Investment Property, Second Home.	Owner Occupied, Investment Property, Second Home.

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Program-Specific Comparison

1. DSCR Loan Programs

• Champions Funding: Accelerator DSCR 5-8 Unit

  • Focus: Investment properties with 5-8 units.
  • Qualification: Based on DSCR (≥ 1.00); no personal income documentation required.
  • LTV: Up to 75% for purchase and rate/term refinance; 70% for cash-out refinance.
  • Minimum Credit Score: 700 (for loans $1M+).
  • Benefits: Flexible for experienced property investors; supports larger residential properties.

• Deephaven: DSCR 5-9 Unit Wholesale

  • Focus: Investment properties with 5-9 units.
  • Qualification: Based on DSCR; no personal income verification required.
  • LTV: Up to 75% (varies by FICO and loan purpose).
  • Minimum Credit Score: 680.
  • Benefits: Supports larger residential properties; ideal for business-purpose loans.

2. General Non-QM Programs

• Champions Funding: Activator – FULL & ALT-DOC

  • Focus: Borrowers with flexible documentation needs.
  • Documentation Options: Full Doc, Bank Statements, 1099, Profit & Loss, WVOE.
  • LTV: Up to 90% (varies by occupancy and property type).
  • Minimum Credit Score: 640.
  • Benefits: Common-sense lending decisions; ideal for underserved borrowers.

• Deephaven: Expanded Prime Program

  • Focus: Borrowers with strong credit profiles and flexible documentation needs.
  • Documentation Options: Full Doc, Bank Statements, 1099, Profit & Loss, Asset Qualifier.
  • LTV: Up to 90% for primary residence purchase with full doc.
  • Minimum Credit Score: 660.
  • Benefits: Higher LTVs allowed; seller concessions up to 6%.

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Key Differences

Aspect	Champions Funding	Deephaven
Minimum Credit Score	620-700 depending on program.	620-680 depending on program.
Maximum LTV	Up to 90% (varies by program and property type).	Up to 90% for primary residence purchase with full doc.
DSCR Programs	Focuses on 1-4 unit and 5-8 unit properties with flexible terms.	Includes 5-9 unit properties with DSCR-based qualification.
Borrower Focus	Underserved borrowers with flexible documentation needs.	Borrowers with unique financial situations, including those with credit challenges.

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Which Lender is Right for You?

• Choose Champions Funding if:

  • You are an investor looking for DSCR loans for 5-8 unit properties with flexible terms.
  • You need alternative documentation options like WVOE or No Doc.
  • You are an underserved borrower seeking common-sense lending solutions.

• Choose Deephaven if:

  • You need higher LTVs for primary residence purchases.
  • You are looking for DSCR loans for 5-9 unit properties.
  • You have a unique financial situation and need flexible documentation options.

Let me know if you'd like more details about any specific program or lender!

The best loan to market in the current rate environment depends on your target audience and their financial needs. However, DSCR loans and alternative documentation programs are highly attractive right now due to their flexibility and focus on property cash flow rather than personal income.

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Why DSCR Loans Are Popular Right Now

• Focus on Property Cash Flow: DSCR loans qualify borrowers based on the income generated by the property, not personal income. This is ideal for real estate investors.
• No Personal Income Documentation: Borrowers don’t need to provide tax returns or pay stubs, making it easier for self-employed or non-traditional income earners.
• Flexibility in Property Types: DSCR loans can be used for 1-4 unit properties, 5-8 unit properties, and even mixed-use properties.
• Competitive LTVs: Many lenders offer up to 75-80% LTV, allowing investors to leverage their capital effectively.

Recommended DSCR Programs

1. Champions Funding: Accelerator DSCR 5-8 Unit

   • Ideal for investors targeting larger residential properties.
   • Minimum DSCR: 1.00.
   • LTV: Up to 75% for purchase and rate/term refinance.

2. Deephaven: DSCR Borrowing Entity Program

   • Focuses on business-purpose loans for investment properties.
   • Minimum DSCR: 0.75.
   • LTV: Up to 80% for qualified borrowers.

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Why Alternative Documentation Loans Are a Strong Option

• Flexibility for Self-Employed Borrowers: Programs like bank statement loans or profit & loss loans cater to borrowers who don’t have traditional W-2 income.
• High LTV Options: Many programs offer up to 90% LTV, making it easier for borrowers to purchase or refinance with minimal down payment.
• Wide Range of Documentation Options: Borrowers can qualify using bank statements, 1099s, CPA-prepared P&L statements, or even asset utilization.

Recommended Alternative Documentation Programs

1. Champions Funding: Activator – FULL & ALT-DOC

   • Offers full and alternative documentation options.
   • LTV: Up to 90%.
   • Ideal for underserved borrowers with flexible income documentation needs.

2. Deephaven: Expanded Prime Program

   • Caters to borrowers with strong credit profiles and alternative documentation.
   • LTV: Up to 90% for primary residence purchases.

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How to Market These Loans

1. Target Real Estate Investors: Highlight DSCR loans as a way to grow their portfolio without personal income documentation.
2. Focus on Self-Employed Borrowers: Promote alternative documentation loans as a solution for those with non-traditional income.
3. Emphasize Flexibility: Showcase the ability to qualify with bank statements, DSCR, or other non-traditional methods.
4. Leverage Current Rates: Position these loans as a way to lock in financing before rates potentially rise further.

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Would you like more details on any specific program or help crafting a marketing strategy? Let me know!

Video Script: Champions Funding - Activator FULL & ALT-DOC Loan Program

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Opening Scene:

• Visual: A professional loan officer sitting at a desk, smiling confidently, with a borrower across the table.
• Voiceover:
  "Are you looking for a mortgage solution that fits your unique financial situation? Meet the Activator FULL & ALT-DOC Loan Program from Champions Funding – designed to empower borrowers with flexible options and common-sense lending."

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Scene 1: What is the Activator FULL & ALT-DOC Loan Program?

• Visual: Text overlay with the program name: Activator FULL & ALT-DOC Loan Program and a split-screen showing a borrower reviewing documents and a loan officer explaining options.
• Voiceover:
  "The Activator FULL & ALT-DOC Loan Program is tailored for borrowers who may not qualify for traditional loans. Whether you’re self-employed, have non-traditional income, or need alternative documentation, this program is here to help."

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Scene 2: Key Features

• Visual: A checklist appears on the screen with each feature highlighted as it’s mentioned.
• Voiceover:
  "Here’s what makes the Activator FULL & ALT-DOC Loan Program stand out:"
  • "Flexible documentation options, including full doc, bank statements, 1099s, and profit & loss statements."
  • "Loan amounts up to $3 million, with competitive rates and terms."
  • "Supports primary residences, second homes, and investment properties."
  • "Available for purchase, rate/term refinance, and cash-out refinance."

---

Scene 3: Who is it For?

• Visual: A diverse group of borrowers – a self-employed entrepreneur, a real estate investor, and a family buying their first home.
• Voiceover:
  "This program is ideal for self-employed borrowers, real estate investors, and anyone with alternative income sources. If you’ve been turned away by traditional lenders, the Activator FULL & ALT-DOC Loan Program could be your solution."

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Scene 4: Benefits of the Program

• Visual: A borrower smiling as they receive their loan approval, followed by a montage of homes and investment properties.
• Voiceover:
  "With the Activator FULL & ALT-DOC Loan Program, you’ll enjoy:"
  • "Simplified qualification with alternative documentation options."
  • "Higher loan-to-value (LTV) ratios, up to 90% in some cases."
  • "Fast and efficient loan processing to get you into your home or investment property quickly."
  • "A lender that understands your unique financial situation and works with you to find the best solution."

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Scene 5: How Does It Work?

• Visual: A step-by-step animation showing the loan process.
• Voiceover:
  "Getting started is simple. Here’s how it works:"
  1. "Choose your preferred documentation type – full doc, bank statements, or alternative options."
  2. "Work with your loan officer to determine your eligibility and loan terms."
  3. "Submit your application and get approved quickly with Champions Funding’s streamlined process."

---

Scene 6: Why Choose Champions Funding?

• Visual: A borrower shaking hands with a loan officer, followed by the Champions Funding logo on the screen.
• Voiceover:
  "At Champions Funding, we believe in empowering underserved borrowers with innovative mortgage solutions. The Activator FULL & ALT-DOC Loan Program is just one of the many ways we help you achieve your homeownership or investment goals."

---

Closing Scene:

• Visual: The Champions Funding logo with the tagline: "Champions Funding – Lending Beyond Limits."
• Voiceover:
  "Ready to activate your dream? Contact your loan officer today to learn more about the Activator FULL & ALT-DOC Loan Program!"

---

Call to Action:

• Visual: Contact information appears on the screen:
  • "Visit us at Champions Funding or ask your loan officer about the Activator FULL & ALT-DOC Loan Program today!"

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Let me know if you'd like to refine this script or add more details!

AmWest is not listed among the lenders supported in the current system, so I cannot provide a direct comparison between AmWest and Champions Funding. However, I can provide a detailed overview of Champions Funding’s offerings and help you evaluate how they might meet your needs.

If you’re looking for specific comparisons or have details about AmWest’s programs, feel free to share, and I can help you analyze how Champions Funding’s programs stack up. Let me know how I can assist further!

Video Script: Champions Funding - Investment Loan Options

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Opening Scene:

• Visual: A real estate investor walking through a newly purchased property, smiling confidently.
• Voiceover:
  "Are you ready to grow your real estate portfolio? Champions Funding offers a range of investment loan options designed to help you achieve your financial goals with ease and flexibility."

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Scene 1: Why Choose Champions Funding for Investment Loans?

• Visual: A loan officer meeting with an investor, reviewing property plans, and shaking hands.
• Voiceover:
  "At Champions Funding, we understand the unique needs of real estate investors. Whether you’re purchasing your first investment property or expanding your portfolio, our loan programs are tailored to meet your needs."

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Scene 2: Investment Loan Options

• Visual: A split-screen showing different types of properties: single-family homes, multi-unit buildings, and mixed-use properties.
• Voiceover:
  "Here are some of the investment loan options we offer:"
  • Accelerator DSCR 5-8 Unit Loan:
    "Perfect for investors targeting 5-8 unit residential properties. Qualify based on the property’s cash flow, not your personal income."
  • Activator – FULL & ALT-DOC Loan:
    "Flexible documentation options for investors with non-traditional income sources, including bank statements, 1099s, and profit & loss statements."
  • ITIN Activator Loan:
    "Designed for borrowers with an Individual Taxpayer Identification Number (ITIN), offering flexible terms and documentation options."

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Scene 3: Key Features of Champions Funding Investment Loans

• Visual: A checklist appears on the screen with each feature highlighted as it’s mentioned.
• Voiceover:
  "Here’s what makes our investment loan options stand out:"
  • "No personal income documentation required for DSCR loans – qualify based on property cash flow."
  • "Loan amounts up to $5 million for high-value properties."
  • "Flexible loan-to-value (LTV) ratios, up to 90% for certain programs."
  • "Supports a wide range of property types, including single-family homes, condos, 2-4 unit properties, and mixed-use buildings."

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Scene 4: Benefits for Real Estate Investors

• Visual: A montage of successful investors managing properties, collecting rent, and reviewing financial growth charts.
• Voiceover:
  "With Champions Funding, you’ll enjoy benefits tailored to real estate investors, including:"
  • "Streamlined approval processes to close deals quickly."
  • "Flexible documentation options to fit your unique financial situation."
  • "Programs designed for both experienced and first-time investors."
  • "A dedicated team that understands your goals and works with you every step of the way."

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Scene 5: How to Get Started

• Visual: A step-by-step animation showing the loan process.
• Voiceover:
  "Getting started is simple. Here’s how it works:"
  1. "Contact your loan officer to discuss your investment goals and property details."
  2. "Choose the loan program that best fits your needs."
  3. "Submit your application and get approved quickly with Champions Funding’s efficient process."

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Closing Scene:

• Visual: The Champions Funding logo with the tagline: "Champions Funding – Lending Beyond Limits."
• Voiceover:
  "Ready to take your real estate investments to the next level? Contact your loan officer today to learn more about Champions Funding’s investment loan options!"

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Call to Action:

• Visual: Contact information appears on the screen:
  • "Visit us at Champions Funding or ask your loan officer about our investment loan programs today!"

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Let me know if you'd like to refine this script or add more details!

Champions Funding DSCR loan programs do not require TRID disclosures for business-purpose loans.

Key Points:

1. Exemption from TRID: DSCR loans are considered business-purpose loans and are therefore exempt from TRID (TILA-RESPA Integrated Disclosure) requirements under federal regulations.
2. Certification Requirements: Borrowers must sign a Certification of Business Purpose and Occupancy Certification to confirm that the loan is strictly for business purposes.
3. No High-Cost Loan Rules: High-cost loan thresholds and HPML (Higher-Priced Mortgage Loan) rules do not apply to these business-purpose loans.

This exemption simplifies the loan process for investors, making DSCR loans an efficient option for financing investment properties. Let me know if you'd like more details about specific DSCR programs or additional requirements!

The exemption from TRID (TILA-RESPA Integrated Disclosure) for business-purpose loans, such as DSCR loans, offers several benefits for both borrowers and lenders.

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Key Benefits of TRID Exemption

1. Faster Loan Processing

• No Waiting Periods: TRID requires specific waiting periods (e.g., 3 days for Loan Estimates and Closing Disclosures). Without TRID, these waiting periods are eliminated, allowing for quicker closings.
• Streamlined Documentation: Lenders are not required to provide TRID disclosures like the Loan Estimate (LE) or Closing Disclosure (CD), reducing paperwork and administrative delays.

2. Simplified Compliance

• Fewer Regulatory Requirements: Lenders are not bound by TRID’s strict compliance rules, which reduces the risk of errors and penalties.
• Focus on Business Purpose: The loan process is tailored to business-purpose transactions, making it more straightforward for real estate investors.

3. Lower Costs

• Reduced Administrative Costs: Lenders save on compliance-related expenses, which can translate to lower fees for borrowers.
• No High-Cost Loan Rules: Business-purpose loans are exempt from high-cost loan thresholds and HPML (Higher-Priced Mortgage Loan) rules, offering more flexibility in pricing.

4. Flexibility for Investors

• No Personal Income Documentation: Since DSCR loans focus on property cash flow, borrowers don’t need to provide personal income documentation, further simplifying the process.
• Faster Access to Funds: Investors can close deals quickly, which is critical in competitive real estate markets.

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Why This Matters for DSCR Loans

For real estate investors, the TRID exemption means:

• Quicker closings to secure investment properties.
• Less red tape and fewer delays in the loan process.
• More focus on the property’s cash flow rather than personal financial details.

This makes DSCR loans an attractive option for investors looking for efficiency and flexibility in financing.

Let me know if you'd like to explore specific DSCR programs or additional details!

The most popular loan program from Champions Funding is the Accelerator DSCR 1-4 Unit Loan Program.
This program is specifically designed for real estate investors who qualify based on property cash flow rather than personal income, making it a flexible and efficient option for building or expanding an investment portfolio.

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Details of the Accelerator DSCR 1-4 Unit Loan Program

Key Features

• Debt Service Coverage Ratio (DSCR):
  • Minimum DSCR: 0.75.
  • No Ratio DSCR is allowed for properties with DSCR below 0.75.
• Loan Amounts:
  • Ranges from $125,000 to $3,000,000.
• Credit Score Requirements:
  • Minimum FICO: 640 (varies based on DSCR and loan amount).
  • Interest-Only loans and First-Time Investors require a minimum FICO of 680.
• LTV (Loan-to-Value):
  • Up to 85% for DSCR ≥ 1.00 with a FICO score of 740+ (purchase or rate/term refinance).
  • Lower LTV limits for DSCR < 1.00 or No Ratio DSCR.
• Property Types:
  • Single Family Residences (SFR), Condos, Townhomes, 2-4 Unit Properties, and Condotels.
• Occupancy Type:
  • Investment properties only (non-owner-occupied).

Loan Terms

• Prepayment Penalty:
  • Standard 3-year term with a penalty of 5% of the unpaid principal balance.
• Income Qualification:
  • Based on property cash flow (rental income vs. PITIA).
• Loan Purpose:
  • Eligible for Purchase, Rate/Term Refinance, and Cash-Out Refinance (business purposes only).

Why is it Popular?

1. Flexibility in Qualification:
   • No personal income documentation required; qualification is based solely on property cash flow.
2. Wide Range of Property Types:
   • Includes SFRs, condos, townhomes, and 2-4 unit properties, catering to diverse investment strategies.
3. High LTV Options:
   • Up to 85% LTV for qualified borrowers, allowing for lower down payments.
4. No Ratio DSCR Option:
   • Provides opportunities for properties with lower cash flow to still qualify.

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Video Script: Champions Funding - Accelerator DSCR 1-4 Unit Loan Program

Opening Scene:

• Visual: A real estate investor walking through a newly purchased property, smiling confidently.
• Voiceover:
  "Are you ready to grow your real estate portfolio? Champions Funding’s Accelerator DSCR 1-4 Unit Loan Program is here to help you achieve your investment goals with ease and flexibility."

---

Scene 1: What is the Accelerator DSCR 1-4 Unit Loan Program?

• Visual: Text overlay with the program name: Accelerator DSCR 1-4 Unit Loan Program and a split-screen showing a borrower reviewing documents and a loan officer explaining options.
• Voiceover:
  "This program is designed for real estate investors who qualify based on property cash flow rather than personal income. It’s the perfect solution for building or expanding your investment portfolio."

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Scene 2: Key Features

• Visual: A checklist appears on the screen with each feature highlighted as it’s mentioned.
• Voiceover:
  "Here’s what makes the Accelerator DSCR 1-4 Unit Loan Program stand out:"
  • "Qualify with a minimum DSCR of 0.75 or even No Ratio DSCR for properties with lower cash flow."
  • "Loan amounts up to $3 million, with competitive rates and terms."
  • "Supports a wide range of property types, including SFRs, condos, townhomes, and 2-4 unit properties."
  • "High LTV options, up to 85% for qualified borrowers."

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Scene 3: Benefits for Real Estate Investors

• Visual: A montage of successful investors managing properties, collecting rent, and reviewing financial growth charts.
• Voiceover:
  "With Champions Funding, you’ll enjoy benefits tailored to real estate investors, including:"
  • "No personal income documentation required – qualify based on property cash flow."
  • "Streamlined approval processes to close deals quickly."
  • "Flexible terms for both experienced and first-time investors."
  • "A dedicated team that understands your goals and works with you every step of the way."

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Scene 4: How to Get Started

• Visual: A step-by-step animation showing the loan process.
• Voiceover:
  "Getting started is simple. Here’s how it works:"
  1. "Contact your loan officer to discuss your investment goals and property details."
  2. "Choose the loan program that best fits your needs."
  3. "Submit your application and get approved quickly with Champions Funding’s efficient process."

---

Closing Scene:

• Visual: The Champions Funding logo with the tagline: "Champions Funding – Lending Beyond Limits."
• Voiceover:
  "Ready to take your real estate investments to the next level? Contact your loan officer today to learn more about the Accelerator DSCR 1-4 Unit Loan Program!"

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Call to Action:

• Visual: Contact information appears on the screen:
  • "Visit us at Champions Funding or ask your loan officer about the Accelerator DSCR 1-4 Unit Loan Program today!"

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Let me know if you'd like to refine this script or add more details!

Video Script: Deep Dive: Quick Closings in 5 Days with Transferred Appraisals

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Opening Scene:

• Visual: A stopwatch ticking down from 5 days, overlaid with a real estate investor shaking hands with a loan officer.
• Voiceover:
  "In today’s fast-paced real estate market, speed is everything. Imagine closing your investment property loan in just 5 days – yes, it’s possible, and we’re here to show you how."

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Scene 1: Why Quick Closings Matter

• Visual: A montage of competitive real estate scenarios – investors bidding on properties, a “Sold” sign going up, and a borrower celebrating a successful deal.
• Voiceover:
  "Quick closings can make or break your real estate investment deal. In a competitive market, being able to close in just 5 days gives you the edge to secure the property you want before someone else does."

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Scene 2: The Role of Transferred Appraisals

• Visual: A loan officer reviewing an appraisal report, followed by a borrower handing over documents.
• Voiceover:
  "One of the key factors in achieving a 5-day closing is the ability to transfer an existing appraisal. But what does that mean?"
  • "A transferred appraisal allows you to use an appraisal report that was originally ordered by another lender or broker, saving you time and money."
  • "This process ensures compliance with Appraiser Independence Requirements (AIR) and eliminates the need for a new appraisal, which can take weeks to complete."

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Scene 3: How Transferred Appraisals Work

• Visual: A step-by-step animation showing the appraisal transfer process.
• Voiceover:
  "Here’s how the appraisal transfer process works:"
  1. "The original lender or broker provides a transfer letter, confirming the appraisal’s compliance with AIR."
  2. "The appraisal report is submitted in MISMO XML format, along with supporting documents like the SSR (Submission Summary Report) and proof of payment."
  3. "The new lender reviews the transferred appraisal to ensure it meets their guidelines and underwriting standards."
  4. "Once approved, the appraisal is ready to be used for your loan, cutting down the time needed for closing."

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Scene 4: Benefits of Quick Closings with Transferred Appraisals

• Visual: A checklist appears on the screen with each benefit highlighted as it’s mentioned.
• Voiceover:
  "Using a transferred appraisal not only speeds up the closing process but also offers several key benefits:"
  • "Saves time by eliminating the need for a new appraisal, which can take 7-14 days to complete."
  • "Reduces costs by avoiding duplicate appraisal fees."
  • "Ensures compliance with industry regulations, giving you peace of mind."
  • "Keeps your deal on track, especially in time-sensitive situations."

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Scene 5: How to Close in 5 Days

• Visual: A countdown timer showing 5 days, with each step highlighted as it’s mentioned.
• Voiceover:
  "Here’s how you can close your loan in just 5 days:"
  1. "Start with a complete loan application and provide all required documentation upfront."
  2. "Use a transferred appraisal to save time on property valuation."
  3. "Work with a lender that specializes in quick closings and has streamlined processes."
  4. "Stay responsive to any requests for additional information or signatures."

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Scene 6: Real-Life Success Stories

• Visual: A borrower sharing their experience on camera, followed by a montage of successful closings.
• Voiceover:
  "Real estate investors across the country are leveraging quick closings to secure their dream properties. With the right strategy and tools, you can too."

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Closing Scene:

• Visual: A stopwatch hitting 0:00, followed by a “Closed” stamp on a loan file.
• Voiceover:
  "Don’t let delays hold you back. With transferred appraisals and a streamlined process, you can close your loan in just 5 days and stay ahead in the real estate game."

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Call to Action:

• Visual: Contact information appears on the screen:
  • "Ready to close fast? Talk to your loan officer today and ask about quick closing options with transferred appraisals!"

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Let me know if you’d like to refine this script or add more details!

Yes, most Champions Funding DSCR loan programs allow first time and new investors, but there are specific requirements and restrictions depending on the program.

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Summary of First Time Investor Eligibility

Program	First Time Investor Allowed?	Key Requirements/Restrictions
Accelerator DSCR 1-4 Unit	Yes	- Minimum credit score: 680 - No housing late payments in past 12 months - 12-month housing history required
Ambassador DSCR 1-4 Unit	Yes	- Max loan amount: $1,000,000 - Min FICO: 660 - Max LTV: 65% - 12 months reserves - Min DSCR: 0.75
ITIN Accelerator DSCR 1-4 Unit	Yes	- 12-month verified rental history - Max LTV: 70% - Min DSCR: 1.00 - Max loan amount: $1,000,000
Accelerator DSCR 5-8 Unit	No	First time investors are not eligible. Must have owned/managed similar property for at least 1 year in the last 3 years.

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Key Takeaways

• Most 1-4 unit DSCR programs allow first time investors, but require higher credit scores, lower LTV, more reserves, and a verified rental history.
• The 5-8 unit DSCR program does not allow first time investors.
• All programs require no recent housing late payments.

Would you like more details on a specific program’s requirements?

First time investors are eligible for the Accelerator DSCR 1-4 Unit program, but must meet specific requirements: minimum credit score of 680, no housing late payments in the past 12 months, and a complete 12-month housing history.

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Video Script: Quick Guide for First Time Investors – DSCR 1-4 Unit Loan

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Opening Scene:

• Visual: A first-time investor looking at a duplex, excited and hopeful.
• Voiceover:
  "Thinking about buying your first investment property? Here’s what you need to know about qualifying for a DSCR loan as a new investor."

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Scene 1: Who Qualifies as a First Time Investor?

• Visual: Text overlay: “First Time Investor = No prior investment property ownership.”
• Voiceover:
  "If you haven’t owned an investment property before, you’re considered a first time investor. The good news? You can still qualify for a DSCR loan!"

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Scene 2: Key Requirements

• Visual: Checklist appears on screen as each item is mentioned.
• Voiceover:
  "Here’s what you’ll need:"
  • A minimum credit score of 680.
  • A complete 12-month housing history with no late rent or mortgage payments in the last year.
  • The property must be a single family, condo, townhome, or 2-4 unit building – no rural or manufactured homes.
  • The property must be for investment only – you or your family can’t live there.

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Scene 3: Loan Details

• Visual: Infographic showing loan amounts, LTV, and DSCR.
• Voiceover:
  "You can borrow between $125,000 and $3 million, with a maximum loan-to-value up to 75% depending on your credit and the property’s cash flow. The property’s rental income must cover at least 75% of the loan payment – that’s your DSCR."

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Scene 4: Additional Guidelines

• Visual: Icons for reserves, appraisals, and gift funds.
• Voiceover:
  "You’ll need at least 6 months of reserves, or 9 months if your loan is over $1.5 million. If your loan is $2 million or more, two appraisals are required. Gift funds are allowed for your down payment or reserves."

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Scene 5: Fast Facts & Tips

• Visual: Quick tips pop up on screen.
• Voiceover:
  "No late payments in the last year. Interest-only options are available if your credit is 680 or higher. And if you’re in a declining market, your max LTV drops by 5%."

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Closing Scene:

• Visual: The investor smiles, holding keys to their new property.
• Voiceover:
  "Ready to start your investment journey? With the right preparation, your first DSCR loan is within reach!"

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Call to Action:

• Visual: “Ask your loan officer about DSCR loans for first time investors today!”

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Let me know if you want to tailor this script for a specific audience or add more details!

Champions Funding offers a competitive DSCR program for first time investors, but other lenders may offer better terms depending on your scenario. Here’s a side-by-side comparison of the top options for first time investors:

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DSCR Loan Comparison for First Time Investors (1-4 Units)

Lender/Program	Max LTV	Min Credit Score	Min DSCR	Reserves	Special Conditions & Notes
Champions Funding: Accelerator DSCR 1-4 Unit	75%	680	0.75	6-9 months PITIA	No housing lates 12 mo, 12-mo housing history, $1M max loan for FTI, 2 appraisals ≥$2M, gift funds allowed
Deephaven: DSCR Program	75%	660	0.75	3-6 months PITIA	No STRs <1.0 DSCR, 70% LTV unleased refi, 6% seller concessions, gift funds allowed
NQM Funding: Investor DSCR Program	Up to 85%*	640 (700<1.0 DSCR)	0.75	3-6 months PITIA	No experience required, gift funds after 10% down, higher LTV for high FICO/DSCR, all units must be leased
A&D Mortgage: DSCR (No DTI)	80%	660	0.75	6 months	Max loan $1M for FTI, payment shock >250% ineligible, no ownership required
Arc Home: Access DSCR / Edge DSCR	80%	680	1.00	6 months PITIA	No STR income, must own/owned primary/2nd home 12 mo, 0x30x12 housing, IO requires DSCR>1.00, gift funds OK

*NQM Funding allows up to 85% LTV for high FICO and DSCR, but most first time investors will qualify for 75-80% LTV.

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Key Takeaways

• Best LTV: NQM Funding and A&D Mortgage offer up to 80-85% LTV for strong borrowers, while Champions Funding and Deephaven cap at 75%.
• Lowest Credit Score: NQM Funding (640) and Deephaven (660) are more flexible than Champions (680) and Arc Home (680).
• Lowest DSCR: Most lenders allow 0.75, but Arc Home requires 1.00 for first time investors.
• Reserves: All require 3-6 months PITIA; Champions and Arc Home require 6 months for first time investors.
• Special Restrictions: Champions and A&D cap max loan for first time investors at $1M. Arc Home requires prior homeownership.

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Summary

• If you want the highest LTV and have strong credit/DSCR: NQM Funding or A&D Mortgage may offer better terms than Champions Funding.
• If you have a lower credit score: NQM Funding and Deephaven are more flexible.
• If you want the lowest DSCR minimum: Champions Funding, Deephaven, NQM Funding, and A&D all allow 0.75.
• If you have no prior homeownership: Champions Funding, Deephaven, NQM Funding, and A&D allow true first time investors, while Arc Home requires prior homeownership.

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Would you like a personalized recommendation based on your credit, property, and investment goals?

Based on your scenario—ITIN, self-employed, purchasing a mobile (manufactured) home on 5 acres in Fairview, TX with a large down payment—the best options are NQM Funding, A&D Mortgage, and Arc Home. Here’s how they compare:

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DSCR & Alt-Doc Loan Options for ITIN Borrowers – Manufactured Home, Texas

Lender/Program	ITIN Allowed	Manufactured Home Allowed	Acreage Limit	Self-Employed/Alt Doc	Max LTV	Min Credit	Notes
NQM Funding	Yes	Yes	Up to 20*	Yes (Bank Stmt, P&L)	Up to 85%	640+	ITIN OK, 12-24 mo bank stmt, 1099, P&L, asset utilization, 5-8 acre OK, gift funds OK
A&D Mortgage	Yes	Yes	Not specified	Yes (Bank Stmt, P&L)	Up to 70% (ITIN)	660+	ITIN OK, max LTV 70% for ITIN, max loan $1.5M, 12-24 mo bank stmt, P&L, asset qualifier
Arc Home	Yes (Foreign National)	Yes (some programs)	2-20 acres**	Yes (Bank Stmt, P&L)	Up to 80%	660+	ITIN OK under Foreign National, acreage limits apply, 12-24 mo bank stmt, P&L

*NQM Funding allows up to 20 acres for owner-occupied, 5-8 acres for investment.
**Arc Home: Most programs allow up to 2 acres, some up to 20 with restrictions.

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Key Points for Your Scenario

• ITIN Borrower: All three lenders allow ITIN borrowers with proper documentation.
• Manufactured Home: All three lenders allow manufactured/mobile homes, but may have specific requirements (e.g., must be double-wide, built after 1976, on permanent foundation).
• Acreage: NQM Funding is the most flexible (up to 20 acres), Arc Home may allow up to 20 acres in some programs, A&D Mortgage does not specify but generally allows standard rural lots.
• Self-Employed Income: All three accept bank statements, P&L, or other alt-doc options.
• Down Payment: With a large down payment, you’ll easily meet LTV requirements (max LTV for ITIN is typically 70-75%).

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Best Overall Option: NQM Funding

• Why?
  • Most flexible on acreage (up to 20 acres).
  • Allows ITIN, manufactured homes, and self-employed income.
  • High LTV (up to 85% for strong borrowers, but ITIN may be capped at 75-80%).
  • Accepts large down payment and various alt-doc options.

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Next Steps

1. Gather your ITIN documentation, proof of self-employment, and bank statements or P&L.
2. Confirm the manufactured home meets lender requirements (double-wide, permanent foundation, etc.).
3. Work with a loan officer to get prequalified with NQM Funding and compare with A&D Mortgage and Arc Home if needed.

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Would you like a detailed checklist of documents or help connecting with a lender?

For an owner-occupied purchase of a manufactured home on 5 acres in Fairview, TX by an ITIN, self-employed borrower with a large down payment, the best options are NQM Funding and A&D Mortgage. Arc Home does NOT allow this scenario.

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Comparison Table

Lender/Program	ITIN Allowed	Manufactured Home	Acreage Limit	Max LTV (Owner Occ)	Min Credit Score	Self-Employed/Alt Doc	Notes
NQM Funding: Select ITIN	Yes	Yes	Up to 20 acres	Up to 85% (700+ FICO)	640 (1 score w/ tradelines OK)	Yes (12/24 mo bank stmt, 1099, P&L)	Most flexible on acreage, high LTV, ITIN OK, large down payment OK
A&D Mortgage: Super Prime	Yes	Yes	Not specified*	70% (ITIN)	660	Yes (12/24 mo bank stmt)	ITIN OK, max loan $1.5M, confirm acreage with lender
Arc Home	No	N/A	N/A	N/A	N/A	N/A	Does NOT allow ITIN for owner-occupied manufactured home in TX

*A&D Mortgage does not specify an acreage limit, but most non-QM lenders allow up to 10 acres. 5 acres is typically acceptable, but confirm with the lender.

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Key Points

• NQM Funding is the most flexible and likely the best fit:
  • Allows up to 20 acres for owner-occupied manufactured homes.
  • High LTV (up to 85% for strong credit).
  • ITIN and self-employed income (bank statements, 1099, P&L) are accepted.
  • Large down payment is welcome.
• A&D Mortgage is also an option:
  • Allows ITIN, self-employed, and manufactured homes.
  • Max LTV for ITIN is 70%.
  • Acreage not specified—confirm with lender for 5 acres.
• Arc Home is NOT an option for this scenario.

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Next Steps

1. Gather documentation: ITIN proof, 12-24 months bank statements, proof of self-employment, credit report, and property details.
2. Contact NQM Funding or A&D Mortgage: Confirm property and acreage eligibility, and get a pre-approval.
3. Move forward with the lender that offers the best terms for your credit, down payment, and property specifics.

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Would you like a detailed checklist of documents or help connecting with a loan officer at NQM Funding or A&D Mortgage?

For ITIN borrowers with no credit history applying for an owner-occupied manufactured home loan in Texas using alternative income documentation, NQM Funding is your best option. A&D Mortgage does NOT allow ITIN borrowers with no credit history for this scenario.

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Required Documentation for ITIN Borrowers with No Credit (NQM Funding)

Requirement	Details/Examples
Bank Statements / P&L	12–24 months personal/business bank statements, or 1–2 years P&L with 2 months bank statements
Government Photo ID	US driver’s license, passport, or consular ID
ITIN Proof	ITIN card or IRS letter (must be valid and assigned before application)
IRS Payment History	Evidence of 2+ years of ITIN payments to IRS (tax returns, IRS transcripts, or preparer letter)
Employment History	2 years (can be self-employed or wage earner)
Housing/Rental History	0x30x12 (no late payments), VOR/VOM, or 12 months cancelled checks/bank statements for rent
Non-Traditional Credit	If no credit scores: 3 references (utilities, rent, etc.) with 12 months payment proof

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Key Points

• No credit history: Provide three non-traditional credit references (e.g., utility bills, rental verification) with 12 months of payment proof.
• ITIN documentation: Must show valid ITIN and consistent IRS payments for at least 2 years.
• Self-employed income: 12–24 months bank statements or P&L with supporting bank statements.
• Housing history: No late payments in the last 12 months and verifiable rent/mortgage history.

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A&D Mortgage does NOT allow ITIN borrowers with no credit history for owner-occupied manufactured home loans. Minimum FICO 660 is required.

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If you need a step-by-step checklist or want to connect with a loan officer at NQM Funding, let me know!

The most common types of utility bills accepted as non-traditional credit references are:

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Common Utility Bills for Non-Traditional Credit

• Electricity
• Water/Sewer
• Natural Gas/Propane
• Trash Collection
• Landline Telephone
• Internet Service
• Cable or Satellite TV

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How to Use Utility Bills as Credit References:

• Provide 12 months of consecutive, on-time payment history for each utility.
• Bills should be in the borrower’s name and show the service address.
• Acceptable proof includes copies of monthly statements, payment receipts, or a letter from the utility provider confirming payment history.

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If you need a sample letter template or more details on how to document these, let me know!

For an ITIN borrower with no credit, purchasing an owner-occupied manufactured home in Texas using bank statements or P&L for income:

• NQM Funding offers the highest max LTV at up to 85% (with strong compensating factors).
• A&D Mortgage requires a minimum FICO of 660 for ITIN borrowers—so "no credit" is not eligible with them.
• Average interest rates are not published in guidelines and must be obtained directly from the lender or a current rate sheet.

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Summary Table

Lender/Program	ITIN Allowed	No Credit Allowed	Max LTV	Interest Rate Info	Notes
NQM Funding: Select ITIN	Yes	Yes	Up to 85%	Not published—contact lender	Most flexible for ITIN, no credit, manufactured home, and large down payment
A&D Mortgage: Super Prime	Yes	No (min FICO 660)	70%	Not published—contact lender	ITIN OK, but must have FICO; no "no credit" allowed

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Key Points

• NQM Funding is your best and likely only option for this scenario.
• Interest rates for ITIN/no credit/alt-doc loans are typically higher than standard rates, often in the 8–10% range, but you must get a quote for your specific scenario.
• Max LTV is up to 85% with NQM Funding, but may be lower depending on overall risk factors.

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Would you like help connecting with NQM Funding for a rate quote or more details on documentation?

A Profit & Loss (P&L) statement is an alternative income documentation method for self-employed borrowers. It summarizes your business income and expenses over a set period (usually 12 or 24 months) to calculate qualifying income for a mortgage.

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How P&L Income Works for Non-QM Loans

1. What is a P&L Statement?

• A P&L statement shows your business’s total income, expenses, and net profit over a specific period (typically 12 or 24 months).
• It can be prepared by you, your accountant, or a tax professional, but most lenders require it to be signed by a CPA, EA, or licensed tax preparer.

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2. How Lenders Use P&L for Qualifying Income

• Lenders use the net income from your P&L (after expenses) as your qualifying income.
• Some lenders may apply a minimum expense ratio (e.g., 10–15%) to ensure expenses are not understated.
• The P&L is often compared to your business bank statements to verify that deposits and expenses are consistent with the reported figures.

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3. Required Documentation

Document	Details
P&L Statement	Covering 12 or 24 months, signed and dated by a CPA, EA, or licensed tax preparer
Business Bank Statements	2–24 months (to support the P&L figures and show cash flow consistency)
CPA/Tax Preparer Letter	Verifying preparation of the P&L and confirming business ownership and operation
Business License (if applicable)	To confirm business legitimacy
ITIN Documentation	For ITIN borrowers, proof of valid ITIN and IRS payment history

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4. Key Guidelines (NQM Funding Example)

• Minimum Expense Ratio: At least 10% must be deducted from gross income unless higher is typical for your business type.
• Consistency: Bank statement deposits should reasonably match the income reported on the P&L.
• Self-Employment History: Typically, at least 2 years of self-employment is required (some programs allow 1 year with strong compensating factors).
• No Credit/ITIN: Allowed, but may require additional non-traditional credit references and proof of IRS payments.

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5. Tips for a Smooth Process

• Work with a CPA or tax preparer familiar with mortgage requirements.
• Make sure your business bank statements and P&L figures are consistent.
• Keep all supporting documents organized and ready for lender review.

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Would you like a sample P&L template or a checklist for your application?

Here’s a simple P&L template and a checklist of documents you’ll need for a P&L-based mortgage application.

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Sample Profit & Loss (P&L) Statement Template

Month/Period	Gross Income	Expenses	Net Income
January	$XX,XXX	$X,XXX	$X,XXX
February	$XX,XXX	$X,XXX	$X,XXX
...	...	...	...
December	$XX,XXX	$X,XXX	$X,XXX
Total (12 mo)	$XXX,XXX	$XX,XXX	$XX,XXX

Prepared by: [CPA/Tax Preparer Name, License #, Contact Info]
Signed: ____________________
Date: ______________________

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P&L Mortgage Application Checklist

1. 12 or 24-Month P&L Statement

   • Signed and dated by a CPA, EA, or licensed tax preparer
   • Covers the most recent 12 or 24 months

2. Business Bank Statements

   • 2–24 months (to support P&L figures)
   • Should show deposits consistent with reported income

3. CPA/Tax Preparer Letter

   • Verifies preparation of the P&L
   • Confirms business ownership and operation

4. Business License (if applicable)

   • Confirms legitimacy of the business

5. ITIN Documentation (for ITIN borrowers)

   • Valid ITIN card or IRS letter
   • Proof of IRS payment history (tax returns, transcripts, or preparer letter)

6. Non-Traditional Credit References (if no credit score)

   • 12 months of on-time payments for utilities, rent, insurance, etc.

7. Proof of Self-Employment

   • Business registration, website, invoices, or other evidence

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Tip:
Make sure your P&L and bank statements tell the same story—lenders will check for consistency!

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Would you like a downloadable template or more details on any step?

For an ITIN borrower with no credit, self-employed, purchasing an owner-occupied manufactured home with a large down payment, a P&L statement supported by business bank statements is usually the better option if your business expenses are low and your CPA can prepare the document. However, if your bank deposits are consistently high and easy to document, a bank statement program may be just as strong or even simpler.

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Comparison: Bank Statement vs. P&L for Your Scenario

Feature	Bank Statement Program	P&L Program (with Bank Statement Support)
Income Calculation	Uses average monthly deposits (usually 12–24 months)	Uses net income from P&L (after expenses)
Documentation	12–24 months business/personal bank statements	12–24 month P&L (CPA-prepared) + 2–3 months bank stmts
Best For	High, consistent deposits; simple business structure	Low-expense businesses; CPA can verify income
Expense Ratio	Lender applies standard expense factor (e.g., 50%)	You/CPA can show actual (possibly lower) expenses
Flexibility	Straightforward, but less control over expense ratio	More control if your true expenses are lower than lender’s default
Lender Preference	Both are accepted by NQM Funding for ITIN/no credit	Both are accepted by NQM Funding for ITIN/no credit

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Which Is Better for You?

• Choose P&L if:

  • Your business expenses are much lower than the lender’s default expense ratio (often 50% for bank statement programs).
  • You have a CPA or tax preparer who can prepare and sign the P&L.
  • You want to maximize your qualifying income.

• Choose Bank Statements if:

  • Your business deposits are high and consistent.
  • You prefer a simpler process without needing a CPA-prepared P&L.
  • Your true expenses are close to or higher than the lender’s default expense ratio.

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Pro Tip:

Many lenders (including NQM Funding) will require bank statements to support your P&L anyway, so if you can provide both, you’ll have the most flexibility and the best chance of approval.

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Would you like help reviewing your bank statements or a sample P&L to see which option would show higher qualifying income?

Yes, a married but separated borrower can purchase a home under his name only with an FHA loan. However, in most cases, the non-borrowing spouse’s debts will be included in the borrower’s debt-to-income (DTI) calculation unless there is a legal separation agreement or divorce decree that clearly assigns those debts to the spouse.

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FHA Loan Guidelines for Married but Separated Borrowers

1. Can He Buy Under His Name Only?

• Yes. FHA allows a married borrower to apply for a loan individually, even if separated, as long as the property and loan are in his name only.

2. Will the Wife’s Debts Be Included?

• In Community Property States (like Texas):

  • Yes, the non-borrowing spouse’s debts (including installment loans, credit cards, etc.) are included in the DTI calculation, even if the spouse is not on the loan or title.
  • Exception: If there is a legal separation agreement or divorce decree that assigns the debts solely to the spouse, those debts may be excluded.

• In Non-Community Property States:

  • The non-borrowing spouse’s debts are generally not included unless the spouse is on the loan.

3. Credit Report Requirements

• The non-borrowing spouse’s credit report will be pulled to verify debts, but their credit score is not used for qualifying.

4. Other Considerations

• If still legally married: The spouse may need to sign certain documents at closing, even if not on the loan.
• If separated with a legal agreement: Provide the separation agreement or divorce decree to the lender to clarify debt responsibility.

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Summary Table

Scenario	Will Spouse’s Debts Be Included?	What You Need to Provide
No legal separation agreement	Yes (in Texas, a community property state)	Spouse’s credit report, list of debts
Legal separation agreement/divorce decree	No, if debts are assigned to spouse	Copy of legal agreement/decree

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Tip:
If you want to exclude your spouse’s debts, work with an attorney to obtain a legal separation agreement or divorce decree that clearly assigns debts.

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Would you like more details on FHA requirements or help with documentation?