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 AmWest Advantage ITIN Program is designed for borrowers who possess a valid ITIN card or IRS ITIN letter, with a DTI up to 49% and no credit allowed with alternative tradelines. It features a maximum loan amount of $1,500,000 and a minimum FICO of 620.
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 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 AmWest Portfolio Programs are designed for non-QM loans and require a post-review to securitization due diligence standards by an accredited third-party diligence review firm. This review includes credit, compliance, and valuation diligence to ensure the loan is eligible for securitization.
The Investor Advantage Program utilizes alternative documentation for Purchase, R/T Refinance, and Cash Out, with a maximum LTV of 80% to $1,500,000 with minimum 700 FICO on Purchase or R/T Refinance. Income and Employment are NOT listed on 1003; 4506-C and Tax Returns are NOT required, and eligible borrowers include U. S. Citizens, Permanent (with proof of lawful permanent residency) & Non-permanent Resident Aliens, and Foreign Nationals.
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 self-employed borrowers using 12/24 Months Bank Statements for income documentation, with specific guidelines for appraisal requirements and reserves. Borrowers must have been continuously self-employed for at least 2 years, and incomes used to qualify must be generated from self-employment/business.
The Advantage Program is designed for borrowers who require alternative documentation, catering to self-employed and wage earners using alternative doc types, without requiring 4506-C or tax returns. It allows gift funds on primary and second homes, business funds for borrowers with 100% business ownership, and accommodates non-QM waiting periods on negative credit events, with PITIA reserves on the subject property only. The maximum DTI is 49%.
The AmWest Advantage Investor Plus Program is designed for real estate investors, with borrowers qualified solely based on reserves and income/employment/DSCR not considered. It features a maximum loan amount of $2,500,000, a minimum FICO of 640, a maximum LTV of 65%, and allows foreign nationals with 6 months Cash-Out title seasoning.