The Flex Supreme program is tailored for highly qualified borrowers with strong income and credit profiles. It offers both Full Doc and Alt Doc options, with competitive LTV/CLTV limits and flexible terms for primary, second homes, and investment properties. This program includes specific requirements for credit events, geographic restrictions, and property types, ensuring a comprehensive solution for borrowers.
The Foreign National program offers financing for second homes (1-unit only) and investment properties (1-4 units) for foreign nationals. It includes options for Full Doc and Asset Utilization, with specific guidelines for credit scores, LTV/CLTV, and property types. The program also specifies requirements for housing history, seasoning, and geographic restrictions.
The Select Prime ITIN program is designed for borrowers with Individual Taxpayer Identification Numbers (ITIN). It offers flexible documentation options and competitive terms, with Full Doc and Alt Doc options available. The program includes specific guidelines for credit scores, reserves, and underwriting requirements.
The Super Jumbo Program is a specialty product for high-net-worth borrowers with solid and stable income and credit, as well as considerable assets to cover down payment, closing costs and reserves. It offers both Full Doc and Alt Doc options, tailored for primary residences with stringent underwriting requirements. Manual Underwriting only; Express (DU) is not permitted.
This program offers flexible financing for primary, second homes, and investment properties, with detailed matrices for various credit scores, loan amounts up to $3.5 million, and LTV/CLTV limits for purchase, rate & term, and cash-out refinance. It supports a wide range of property types including Single Family, PUD, Manufactured Housing, Condominiums, Condotels, Co-ops, and 2-4 Units, and offers diverse product types such as 40-Yr Fixed, 30-Yr Fixed, 15-Yr Fixed, and 5/6 SOFR ARMs, including interest-only options. The program provides comprehensive guidelines on borrower eligibility, income documentation (Full Doc and Alt Doc), DTI, reserves, and geographic restrictions.
The Investor DSCR program is designed for investment or non-owner-occupied loans for business purposes, utilizing the Debt-Service Coverage Ratio (DSCR) for qualification. It offers various product types including 30, 15, and 40-Year Fixed options with interest-only, for Single Family, PUD, 2-4 Units, Condominiums, and Condotels. The program provides detailed guidelines on credit scores, loan amounts from $75,000 to $3,000,000, LTV limits, and specific DSCR requirements based on property type and loan characteristics.
The Investor Mixed Use 2-8 Units and Residential 5-10 Units program is designed for investment properties with mixed-use or residential units. It uses the Debt-Service Coverage Ratio (DSCR) for qualification. The program includes specific guidelines for property types, reserves, and underwriting requirements.
This program provides a streamlined underwriting process using Desktop Underwriter (DU) for eligible borrowers, allowing for flexible terms. It has specific requirements, such as not permitting interest-only products, and includes guidelines for FTHB Max Loan Amount, P&L Only income restrictions, and potential waivers for rental history documentation on certain DU casefiles.
DSCR Supreme is designed for investment or non-owner-occupied loans that are designated for business purposes only. It uses the Debt-Service Coverage Ratio (DSCR) for qualification and includes options for residential and mixed-use properties. The program provides specific guidelines for credit scores, reserves, and property types, with minimum credit score requirements of 740 for max LTV and loan amount of $2,000,000.
The 2nd Lien programs offers fixed-rate second mortgages with various term options. It is designed for borrowers who need additional financing options, including Full Doc and Alt Doc options. The program includes specific guidelines for credit scores, DTI, and reserves, ensuring a comprehensive solution for second lien financing.