DSCR (investment only)

• Loan Amount $100,000 – $2,000,000
• Rates start at 4.500%
• 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO (30YR term)
• 575 min FICO
• 80% LTV Purchase and 70% REFI
• No income/employment verification
• Lease agreements of subject property used to qualify ( Fair market rents / 1007 Rental Survey )
• Subject rent PITIA reduced to 1.0 : 1.0 Ratio ( Able to be negatively cash flowing must have 12 months reserves)
• 3YR prepay penalty (can be bought out/down)
• Lender Paid Comp up to 3 points!

12 Months Bank Statement (Primary only)

• Loan amount $100,000 – $3,000,000
• Rates start at 3.750%
• 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO (30YR term)
• FICO Minimums
  • 575 with personal statements
  • 575 with business statements
• LTV Max:
  • 90% LTV purchase
  • 80% LTV refi
• Reserves:
  • 0 months for 65% LTV and lower
  • 6 months 65% LTV and greater
• 12 months average deposits to determine income
  • **For companies impacted by COVID shutdowns, the most recent two month's average deposits must also support the 12 months average (or lower of 2 will be taken)
• No 4506T and No P&L
• No prepay penalty
• DTI 50.5%

3 Months Bank Statement ( Primary only)

• Loan amount: $150,000 – $3,000,000
• Rates start at 4.500%
• 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO
• FICO: 675+
• LTV: 75% purchase / 70% refi
• Reserves: 12 months for purchase/ R&T (cash in hand can used for reserves)
• Reserves: 24 months for C/O (cash in hand can be used towards reserves)
• Must be self-employed 2+ years

ITIN (Primary & Investment)

• Loan amount $100,000 – $1,000,000
• Rates start at 4.500%
• LTV Max:
  • 80% LTV purchase
  • 75% refi
• Reserves:
  • 0 months for 65% LTV and lower
  • 6 months 65% LTV and greater
• Eligible programs:
  • Full Doc for primary
  • 12MO Bank Statement for primary (case-by-case basis)
  • DSCR+ for investment (subject rent covers subject PITI 115%)

Foreign Nationals (Investment Only)

• Loan amount $100,000 – $2,000,000
• Rates start at 6.620% (price in "A" bucket of Investor Property section)
• 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO (30YR term)
• LTV Max:
  • 70% LTV purchase
  • 65% refi
• Reserves:
  • 0 months for 65% LTV and lower
  • 6 months 65% LTV and greater
• DSCR to qualify
  • Subject rent (or 1007) must cover subject PITI 115%
• 3YR prepay penalty (can be bought out/down)