The Consumer – No Ratio program is designed for borrowers who do not need to provide income or employment documentation. It focuses on common sense lending decisions for underbanked and underserved borrowers, offering various loan products including Fully Amortizing and Interest-Only options.
The Activator program offers both full and alternative documentation options for borrowers. It includes various loan products such as 5/6 Month SOFR and 30 Year Fixed, with a focus on common sense lending decisions for borrowers with limited access to credit. The program is for primary and second home occupancy.
The Accelerator DSCR 5-8 Unit program is designed for investors targeting 5-8 unit residential properties. It requires a minimum DSCR of 1.00 and includes strict property condition standards, such as no structural deferred maintenance and comprehensive appraisal requirements. Borrowers must demonstrate experience in managing similar properties, and the program offers flexible loan options for business purposes.
The ITIN Activator program is designed for borrowers with an Individual Taxpayer Identification Number (ITIN). It offers flexible documentation options such as bank statements, P&L, WVOE, 1099, and asset utilization. The program supports primary and second home occupancy with specific reserve and credit requirements.
The Ambassador Second Home program is tailored for second home occupancy. It includes specific geographic restrictions, property type eligibility, and loan amount limits. The program also requires adherence to appraisal and credit standards, ensuring compliance with declining market adjustments and other guidelines.
The Accelerator program offers both full and alternative documentation options for borrowers. It includes various loan products such as 5/6 Month SOFR and 30 Year Fixed, with a focus on common sense lending decisions for borrowers with limited access to credit. The program is for primary, second home, and investment purposes.
The Super Jumbo Full /Alt Doc program is a specialty product designed for high-net-worth borrowers with a strong credit profile. It offers loan amounts ranging from $3,000,001 to $5,000,000, with specific reserve requirements and restrictions on borrower types, including no first-time homebuyers, ITIN, or foreign national borrowers.
The Ambassador program is tailored for foreign nationals with purchase, rate/term, and cash out purposes. It includes DSCR-based qualification, specific LTV limits, and reserve requirements, ensuring compliance with property and credit standards. The program is for primary, second home, and investment purposes.
The Ambassador DSCR program is designed for foreign nationals investing in real estate. It includes DSCR-based qualification, specific LTV limits, and reserve requirements, ensuring compliance with property and credit standards. The program is for purchase, rate/term, and cash out purposes.
The Ambassador DSCR 1-4 Units program is designed for investment properties with 1-4 units. It includes DSCR-based qualification, specific LTV limits, and reserve requirements, ensuring compliance with property and credit standards. The program is for foreign nationals with purchase, rate/term, and cash out purposes.
The ITIN Accelerator DSCR 1-4 Unit program is tailored for ITIN borrowers investing in 1-4 unit properties. It includes DSCR-based qualification, specific LTV limits, and reserve requirements, ensuring compliance with property and credit standards.
The Accelerator DSCR 1-4 Unit program is designed for investors with alternative qualifications based on property cash flow and rental income versus PITIA. Max LTV changes have been made in the following DSCR > categories. It offers various loan products including Fully Amortizing and Interest-Only options, with a focus on common sense lending decisions for borrowers with limited access to credit.