The Asset Qualifier Program is designed for borrowers who have significant verifiable assets and would benefit from alternative loan qualification methods. Asset statements are used by high net worth individuals for qualification in addition to a DTI calculation, with no employment required and income calculated by amortizing qualifying assets over a 5-year period with a 3% rate-of-return. The program has a maximum DTI of 50% and requires PITIA reserves on the subject property only, with assets documented with 3 months statements.
The Advantage One Program offers loan options with a 30-year fixed and 7/6 ARM. It is designed for primary residences, second homes, and investment properties, with specific guidelines for appraisal requirements and income documentation using 1 Yr. Tax Return.
The Investor Advantage Program is designed for investment properties, offering loan options with a 30-year fixed, 7/6 ARM, and 7/6 ARM Interest Only, with temporary buydown options available. It includes guidelines for appraisal requirements, reserves, and DSCR calculations. Program utilizes alternative documentation for Purchase, R/T Refinance, and Cash Out.
The Advantage ITIN Program offers loan options with 30/15 Year Fixed, 7/6 ARM, and 7/6 ARM Interest Only, with temporary buydown options available. It is designed for borrowers using Full, 12/24 months Bank Statement, 1-Year 1099 for income documentation, with specific guidelines for appraisal requirements and tradeline requirements. Borrowers must possess a valid ITIN card or IRS ITIN letter, and an Unexpired Government Photo ID.
The Advantage Bank Statement Program offers loan options with 30/15 Year Fixed, 7/6 ARM, and 7/6 ARM Interest Only, with temporary buydown options available. It is designed for borrowers using 12/24 Months Bank Statements for income documentation, with specific guidelines for appraisal requirements and reserves.
The Alt Doc-HELOC Program offers stand-alone HELOCs, with borrowers qualified based on WVOE, P&L, 12/24 mo. Bank Statements, DSCR, No Income, or No Ratio. It features a maximum loan amount of $500,000, a minimum FICO of 680, and a maximum CLTV of 75% / Up to 80% on Bank Statement Option, with foreign nationals allowed and no ownership seasoning.
The Advantage Investor Plus Program is designed for real estate investors, with borrowers qualified solely based on reserves, without considering income/employment/DSCR. It features a maximum loan amount of $2,500,000, a minimum FICO of 640, and a maximum LTV of 65%, with foreign nationals allowed and 6 months of Cash-Out title seasoning.
The Alt Doc Closed-End Second Program offers stand-alone second lien loans with 30/20 Year Fixed amortization options. It is designed for various property types and includes specific guidelines for foreign nationals and investment properties.
The Advantage Program offers loan options with a 30-year fixed, 7/6 ARM, and 7/6 ARM Interest Only, with temporary buydown options available. It is designed for primary residences, second homes, and investment properties, with specific guidelines for appraisal requirements and reserves.