This program is designed for self-employed borrowers who can qualify using 12 months of bank statements. It allows for a minimum loan amount of $75,000 and a maximum of $4,000,000, with credit scores as low as 660.
This program offers fixed-rate, fully amortizing terms of 10, 15, 20, and 30 years with a minimum loan amount of $75,000 and a maximum of $500,000. It is designed for U.S. Citizens and Permanent Resident Aliens, with specific restrictions on CLTV and eligible properties.
The DSCR / NMSI Investor Program is designed for investors with a focus on properties with a Debt Service Coverage Ratio (DSCR). It offers various loan amounts with specific LTV and FICO requirements, catering to both experienced and first-time investors. The program includes options for interest-only periods and has specific guidelines for property types, borrower eligibility, and prepayment penalties.
The KVOE Program is a non-QM loan program designed for borrowers using employer's Written Verification of Employment (Form 1005) for qualification. It allows for loan amounts up to agency loan limits with credit scores as low as 640, and includes specific guidelines for borrower eligibility, property types, and underwriting requirements.
The Portfolio Reduced Doc Program is designed for borrowers who are self-employed or wage-earners, allowing qualification using P&L statements, bank statements, or employer's Written Verification of Employment (Form 1005). It offers loan amounts from $75,000 to $3,000,000 with credit scores as low as 660.
The SLIM 7/6 & 5/6 program offers adjustable-rate mortgages with specific guidelines for credit scores, loan amounts, and property types. It includes options for primary residences, second homes, and investment properties, with detailed requirements for reserves, LTV/CLTV, and eligible borrowers.
The Traditional VOE Program is designed for wage-earners who qualify using the employer's Written Verification of Employment (Form 1005). It offers loan amounts ranging from $75,000 to $3,000,000 with credit scores as low as 660. The program requires assets to be traditionally documented and adheres to specific underwriting guidelines.