Alternative documentation option for primary and second homes in the Activator series. Accepts bank statements, P&L Only, 1099, WVOE, or asset‑utilization per program matrices. Escrows are required when LTV is above 80%.
Full and alternative documentation options for ITIN borrowers under the Activator series for primary and second homes. ITIN documentation is required; a visa is not required when full/alt documentation standards are met. Escrows are required when LTV exceeds 80%.
Investor DSCR program for 1–4 unit properties in the Accelerator series. Qualification is based on property cash flow using market rents (1007/1025), with allowances for short‑term rentals under defined calculations. DSCR loans are business‑purpose, and certain DTI verifications do not apply.
DSCR/business‑purpose program for ITIN borrowers under the Accelerator series. Qualification uses property cash flow per DSCR standards, and ITIN documentation and transcripts/letters are required per program guidance. Business‑purpose restrictions apply and escrows follow program matrices.
Foreign national DSCR/business‑purpose product in the Ambassador series. Updates include LTV adjustments for select purchase categories, clarified eligible property types, revised cash‑out caps, short‑term rental LTVs of 75% for purchase/R&T and 70% for cash‑out, and updated reserves. Gift funds are permitted when the borrower contributes 10% of their own funds.
Full and alternative documentation options for foreign national borrowers in the Ambassador series. Income may be verified via employer letters or CPA equivalents; asset utilization is allowed with seasoned assets, and all documents must be translated into English. Occupancy aligns with second home or investment use per program matrices.
Business‑purpose DSCR program for residential 5–8 unit properties within the Accelerator series. Experienced investors only with minimum DSCR requirements; appraisal review via commercial BPO and specific insurance and property standards apply. Delayed financing is not allowed for 5–8 units.
Full documentation product for consumer primary and second homes in the Activator series. Offers fully amortizing fixed and ARM options; interest-only features are limited per matrices and not typical for owner-occupied loans. Escrows are required when LTV exceeds 80% and loans must meet non-QM guidelines.
Alternative documentation option for investor/business‑purpose loans in the Accelerator series. Permitted income methods include bank statements, P&L Only, 1099, WVOE, and asset utilization per matrices. Escrows are required when LTV exceeds 80%.
Business‑purpose full documentation option in the Accelerator series for investment properties. Offers fully amortizing and eligible interest‑only structures per matrices, with escrows required when LTV > 80%. Manual underwriting applies under non‑QM guidelines.