Financing designed for foreign national borrowers purchasing second homes and investment properties. A recent clarification specifies that any loan qualifying with the use of Foreign Credit will be priced as a Foreign National loan.
A broad Non-QM offering with a wide range of income documentation types, now with updated housing history requirements permitting up to 1x30x12 per matrix, or up to 3x30x12 with a reduced LTV. The program also specifies that credit and housing events must now be seasoned for a minimum of 2 years.
This program is designed to cover the widest range of options for DSCR investors, offering business-purpose loans for 1-4 unit investment properties qualifying on DSCR as low as 0.75. The program offers fixed and IO structures and allows for the Rent Loss Insurance to be waived with additional reserves.
Business-purpose DSCR financing for investors with Residential 5–10 unit and Mixed-Use 2–8 unit properties. This program has been updated to disallow the use of transferred appraisals for qualification as of September 26, 2025.
A streamlined option using FNMA DU findings for Approve/Eligible or limited Approve/Ineligible cases, following Flex Select guidelines where silent. This program is ineligible for ITIN, P&L Only, and less than 2 years of self-employment history. The max loan amount is $2,000,000, and exceptions are not permitted.
A standalone program designed to offer DSCR options when rental income is not sufficient to cover monthly payments, allowing investors to qualify without a standard ratio. It offers fixed terms up to $1,500,000 and has removed reserve requirements for loans with a calculated DSCR of 0.75 or greater.
A premium DSCR option for qualified investors, now with expanded eligible transactions including delayed financing and flips, aligning with the Investor DSCR program. It now permits Non-Permanent Resident borrowers and has lowered the minimum DSCR for First Time Investors to 1.00.
A full/alt doc program for highly qualified borrowers, now with expanded eligibility for transactions like Non-Arm's Length and delayed financing to align with Flex Select. This program now permits Non-Permanent Resident aliens, has increased DTI limits to 50% for non-occupant co-borrowers and first-time homebuyers, and offers more flexible asset utilization and bank statement income rules.
Closed-end fixed-rate second mortgages designed for borrowers desiring a second lien loan for primary and second homes. This program has updated its minimum credit score requirement to 620 for additional borrowers who are not the primary wage earner, with loan amounts from $125,000 to $500,000.
Specialty financing for high-net-worth borrowers seeking loans from $3,500,001 to $5,000,000 for primary residences. This program has been updated to include PTIN as an eligible provider for determining the expense ratio on Business/Co-Mingled Bank Statements, enhancing flexibility for income verification.
Tailored for ITIN and DACA borrowers, this program's housing history requirement has been updated to 0x30x12 from 0x30x24. For bank statement income, PTIN is now an eligible provider for the expense ratio, and the minimum expense ratio has increased from 10% to 20%.