The SmartVest Platinum program is designed for experienced real estate investors seeking to purchase or refinance investment properties for business purposes. It offers flexible loan terms, including fixed-rate and interest-only options, and emphasizes qualification based on property cash flow rather than borrower income.
The Smart Series Platinum program is a comprehensive mortgage offering with detailed underwriting guidelines. It includes various eligibility criteria, transaction types, and property types, ensuring flexibility and compliance with regulatory standards. This program is designed for borrowers seeking tailored mortgage solutions.
The Smart Series program provides a comprehensive underwriting guide covering various borrower scenarios and property types. It includes detailed income documentation requirements, appraisal standards, and eligibility criteria, ensuring flexibility and compliance with regulatory standards.
The SmartVest program provides guidelines for borrowers with investment properties, emphasizing traditional trade line requirements and excluding nontraditional credit. It includes specific reserve requirements and eligibility criteria for business assets.
The SmartEdge program is designed for strong credit quality borrowers seeking flexible financing options. It accommodates borrowers with isolated credit events, such as bankruptcy or foreclosure, while requiring an acceptable recent credit history and written explanations for derogatory events. The program also includes an Asset Qualifier option for high-net-worth borrowers who prefer to use assets rather than income for qualification.
The SmartEdge ITIN program is tailored for borrowers with Individual Taxpayer Identification Numbers (ITIN). It allows non-permanent resident aliens with valid ITIN documentation to qualify, offering flexible terms for primary residences and second homes. The program is currently suspended as of 11/22/2024.