The Expanded Prime Program offers flexible loan options with a focus on borrowers' ability to repay, including various documentation types and higher LTVs. This program requires all bankruptcies and housing events to be discharged or dismissed for a minimum of 48 months from closing date.
The DSCR Borrowing Entity Program is designed for investment or non-owner-occupied loans that are designated for business purposes only. It focuses on the property's income potential rather than the borrower's personal income.
The DSCR program is designed for investment properties, focusing on the property's income potential rather than the borrower's personal income. It offers options for various DSCR ratios, including DSCR >= 1.00, DSCR 0.75-0.99, and No Ratio DSCR, with different eligibility criteria and LTV limits.
The Non-Prime Program caters to borrowers with less-than-perfect credit, offering flexible documentation and higher LTVs. This program allows ITIN borrowers for primary and second home occupancy under select products and programs and requires all housing events to be seasoned for a minimum of 0 to 24 months from closing date.
The Equity Advantage Elite program is designed for borrowers seeking enhanced financing options with higher CLTV limits and flexible terms. It caters to primary residences, second homes, and investment properties, offering a range of fixed-rate products and tailored eligibility criteria.
The Equity Advantage Program provides secondary financing options for borrowers looking to leverage their property's equity, offering standalone, closed-end second liens for primary residences, second homes, and investment properties. New subordinate financing is allowed under this program, and Texas Home Equity loans are allowed on primary residences only.