The All Star Credit program offers flexible income qualification methods, including Full Document, Alternative Document, Bank Statements, and Asset Qualifier options. It accommodates diverse borrower profiles by providing tailored DTI limits and LTV ratios based on credit scores for purchase, rate/term, and cash-out refinance transactions. This program supports primary and second homes, with specific guidelines for asset income lift and profit & loss statements.
The Rising Star Credit program offers flexible income qualification, including Full Doc, Bank Statements, and Asset Qualifier options. It features detailed LTV ratios based on FICO scores and loan amounts for Primary, Second Home, and Investment properties across various transaction types. This program accommodates diverse borrower profiles with specific guidelines for DTI limits and different credit grades.
The Prime Star Credit program offers flexible income qualification including Full Document, Alternative Document, Bank Statements, and Asset Qualifier options. It provides tailored LTV ratios based on FICO scores for purchase, rate/term, and cash-out refinance transactions for primary and second homes. The program has specific guidelines for DTI, profit and loss statements, and asset requirements.
The Bridge Star Credit program offers short-term financing solutions for borrowers looking to purchase a new primary residence while leveraging their existing primary residence. It features deferred interest payments until loan maturity, a 12-month ARM product with specific SOFR index and margin caps, and loan amounts ranging from $100,000 to $2,000,000. This program is designed for primary occupancy only and includes specific credit overlays and eligibility requirements.
The Invest Star Credit program is designed for investment properties and is qualified based on DSCR ratios. This matrix provides tailored LTV and FICO requirements for Purchase, Rate/Term, and Cash-Out transactions, with specific tiers for DSCRs above 1.00, between 0.75 and 1.00, and below 0.75. The program includes guidelines for short-term rentals, multi-unit properties, and restrictions for first-time investors.
The Invest Star Plus Credit program is designed for investment properties, offering DSCR-based qualification with ratios greater than 1.1. It features tailored LTV and FICO requirements for loan amounts up to $3,000,000 and is exclusively for investment occupancy. This program includes specific experience requirements for investors and guidelines for various property types.