This program is for ITIN borrowers and requires a copy of the ITIN card or letter from IRS assigning the ITIN number to the borrower. It requires a minimum credit score of 680 and supports purchase, rate/term refinance, and cash-out refinance transactions. This program also includes specific state overlays and declining market restrictions.
The Prime Ascent Plus – Standard Doc program offers a range of loan options for primary residences with maximum LTV/CLTV up to 90% and loan amounts up to $2,500,000. It requires a minimum credit score of 680 and provides options for purchase, rate/term refinance, and cash-out refinance. This program also includes specific state overlays, declining market restrictions, and detailed underwriting requirements for credit scores, reserves, and income verification.
The Prime Jumbo – Standard Doc (QM) program offers jumbo loans for primary, second home, and investment properties with maximum LTV/CLTV up to 85% and loan amounts up to $3,000,000. It requires a minimum credit score of 680 and supports purchase, rate/term refinance, and cash-out refinance. This program includes specific guidelines for fixed and adjustable-rate loans, property types, and reserve requirements.
The Investor Solutions – DSCR program is designed for single investment properties, offering loans with guidelines for DSCR calculation, state-specific overlays, and eligibility for both long-term and short-term rental income. ARM products may use the note rate for qualifying, and it requires a minimum credit score of 640. It supports purchase, rate/term refinance, and cash-out refinance transactions.
The Prime Ascent Plus – Alt Doc program is designed for primary residences, second homes, and investment properties with varying maximum LTV/CLTV and loan amounts based on credit score. It supports purchase, rate/term refinance, and cash-out refinance with alternative documentation. This program also includes state overlays, declining market restrictions, and flexible income verification options such as personal and business bank statements.
The Prime Ascent – Alt Doc program offers loans for primary residences with maximum LTV/CLTV up to 90% and loan amounts up to $4,000,000. It requires a minimum credit score of 660 and supports purchase, rate/term refinance, and cash-out refinance with alternative documentation. This program includes flexible income verification options such as personal and business bank statements, written verification of employment, and profit & loss statements. It also features specific state overlays, declining market restrictions, and detailed underwriting requirements for credit scores, reserves, and assets.
The Credit Ascent – Standard Doc program provides loan options for primary residences with maximum LTV/CLTV up to 85% and loan amounts up to $3,000,000. It requires a minimum credit score of 620 and supports purchase, rate/term refinance, and cash-out refinance. This program includes state overlays, declining market restrictions, and detailed underwriting requirements for credit scores, reserves, and assets.
The Credit Ascent – Alt Doc program offers loans for primary residences with maximum LTV/CLTV up to 85% and loan amounts up to $3,000,000. It requires a minimum credit score of 620 and supports purchase, rate/term refinance, and cash-out refinance with alternative documentation. This program also includes specific state overlays, declining market restrictions, and flexible income verification options such as personal and business bank statements or IRS Form 1099.
The Foreign National – Investment Property Only program is tailored for foreign nationals investing in properties, offering maximum LTV/CLTV up to 75% and loan amounts up to $1,500,000. It supports purchase, rate/term refinance, and cash-out refinance with flexible DSCR calculation methods for both long-term and short-term rental income. The minimum credit score is 680, but no credit score is allowed with different LTV/CLTV and loan amount options. State Eligibility: IL and NY are ineligible for 2-4 Unit.