The DSCR program is designed for investment properties, offering options for borrowers with DSCR ≥ 1.00. It includes guidelines for foreign nationals and first-time investors, and business entity borrowers are allowed under this program.
The Jumbo Prime program is a Safe Harbor QM-compliant program designed for borrowers seeking high-value loans. It offers a variety of fixed-rate and ARM options, including interest-only terms, and adheres to strict underwriting guidelines to ensure borrower affordability and compliance with regulatory standards.
The Non-Prime program provides tailored mortgage solutions for borrowers who may not meet traditional credit requirements. It includes flexible documentation options, competitive rates, and eligibility for primary residences, second homes, and investment properties. The program also requires a residual income of $1,500 for primary and second home transactions and allows a maximum DTI of 50%.
The Expanded Prime program offers flexible mortgage options for primary residences, second homes, and investment properties, including interest-only periods and alternative documentation options. It requires a residual income of $2,500 and allows a maximum DTI of 50%. Alternative Income Documentation is available under this program.
The Equity Advantage DSCR program is designed for business purpose investment properties only, offering options for borrowers with DSCR ≥ 1.00. It includes interest-only features, flexible loan terms, and high loan amounts up to $500,000, with specific guidelines for foreign nationals and first-time investors.
The Equity Advantage Elite Program provides a secondary financing option in the form of a standalone, closed-end second lien for primary residences, second homes, and investment properties. It includes specific requirements for documentation, loan amounts, state restrictions, and occupancy, with a focus on responsible lending and measurable borrower benefits.
The Equity Advantage Program provides a secondary financing option in the form of a standalone, closed-end second lien. It allows for rate/term and cash-out refinances of primary residences, second homes, and investment properties. The program includes specific requirements for documentation, loan amounts, state restrictions, and occupancy, with a focus on responsible lending and measurable borrower benefits.