The Access Non-QM Program offers flexible options for Foreign Nationals to purchase or refinance investment properties. It includes DSCR-based qualification, specific LTV and FICO requirements, and excludes interest-only loans for Foreign National borrowers. This program emphasizes compliance with underwriting requirements and eligibility criteria for investment properties.
The Investor Cash Flow Program is designed for investment properties and uses the Debt Service Coverage Ratio (DSCR) to qualify borrowers without verifying income, employment, or DTI. It offers flexible options for DSCR levels, interest-only payments, and various property types, with specific guidelines for credit scores, loan amounts, and reserves.
The P&L Statement Only Program is designed for self-employed borrowers who rely on unaudited Profit & Loss (P&L) statements to determine qualifying income. It offers flexible loan options for primary residences, second homes, and investment properties, with specific guidelines for credit requirements, loan-to-value ratios, and documentation. This program emphasizes borrower ability to repay and includes options for interest-only loans, cash-out refinances, and various property types.
The Full Documentation Program is designed for borrowers who are not eligible for agency and prime credit jumbo loans. It includes income documentation options such as Paystub & W-2, 1-year and 2-year tax returns for self-employed borrowers, and asset utilization. This program supports various property types, including primary residences, second homes, and investment properties, with specific guidelines for credit requirements, LTV ratios, and interest-only loans.
The Elite Access Non-QM Program is designed for loans not eligible under Fannie Mae/Freddie Mac guidelines. It offers various documentation types, including Full Doc, Bank Statement, 1099 Only, and P&L Statement Only, with flexible loan terms and a focus on borrower ability to repay. The program includes options for primary residences, second homes, and investment properties, with specific guidelines for DSCR, interest-only payments, and foreign nationals.
The Bank Statement Program is designed for self-employed borrowers or those in the service and tip industry, allowing qualification based on a 12 or 24-month average of deposits into personal or business bank statements. It includes options for primary residences, second homes, and investment properties, with specific guidelines for credit requirements, LTV ratios, and interest-only loans.
The Asset Qualifier Program is designed for borrowers who qualify based solely on their liquid or liquidatable assets, without the need for income or employment verification. This program offers flexible qualification methods, including simplified and traditional asset calculations, and is suitable for primary residences, second homes, and investment properties with specific credit and property eligibility requirements.
The 1099 Only Program is designed for borrowers who are paid in the form of commissions or as independent contractors and receive 1099s. It offers flexible qualification methods, including expense factor application, profit and loss statements, or CPA letters, and supports primary residences, second homes, and investment properties with specific credit and LTV requirements.