Find A Lender
Convetional, FHA, FHA Streamline,VA, VA IRRRL
ALT Doc Bank Statement, ALT Doc 1099, DSCR 1-4 Unit, No ratio/No income check, Asset Utilization, ALT Doc CPA prepared P&L, WVOE, Second Mortgage, Non-Prime Jumbo, HELOAN,
Programs we offer:
Community (No income or employment)
DSCR
Alt Doc Programs Include:
W2 Only
1099 Only
P&L Only
Asset Depletion
1 Yr Tax Return
WVOE Only
Below are some highlights of the programs we offer:
Community Mortgage – No income and no employment on application. Up to 75LTV, Min 680- All you need is reserves, tradelines, fico.
Personal bank statement program- 100% of deposits. Borrower does not need to be self employed. We use 100% of all deposits, including pay roll plus cash, zelle, venmo.. etc
Business Bank statements- default 75% of total deposits, only 1yr self employment required ( Industry standard is 2 yrs)
W2 Program- only 1 yr employment required, no paystub or YTD income required.
Asset depletion- 100% of assets ( even non liquid) and divide by 60.
Asset Assist- use any one of our programs and then you can take your assets and divide by 60 and add it to your DTI ( industry standard is divide by 360)
Few other things to mention:
No tradeline requirements when you have 3 scores
Unlimited NSF’s ok
Gift funds ok on investor and we also don’t source any large deposits
We take the rent or the 1007 or AirDna on investor- whichever is higher
Only 1 month asset statement required on all programs
Private party VOM ok- no canceled checks needed
Recently listed property ok- even for cash out loan
We also have a bank statement desk that will calculate the income for you. All you need to do is upload the 12-month bank statements here: Click Here for Income Link.
Rental Loans ,
Rehab & Construction ,
Bridge Loans
Truly Investor Capital provides Fix & Flip, Bridge, New Construction, and Single/Portfolio Rental loans/DSCR to residential real estate investors across the country, helping our clients overcome traditional financing hurdles and build long-term wealth through real estate investment.
We are a Business Purpose Lender NOT Non QM. The difference is:
1. We do not report to credit
2. Borrowers can take title in an Entity or as an Individual
3. We use the highest mid fico of all Guarantors
4. We do not follow TRID
5. No tradeline requirements
6. No investor experience required
7. No minimum DSCR
8. No 4506-T
9. No cap on number of transactions
10. No 1003
11. No high cost test
12. Vacant properties allow with max leverage
Conventional, Jumbo, HELOC
ALT Doc Bank Statement, ALT Doc 1099, Asset Utilization, Foreign National, ITIN, DSCR 1-4 Unit, ALT Doc CPA prepared P&L, Full doc, HELOAN, Non-Prime Jumbo, Second Mortgage
Condotel
Heloc & CES Matrix-1st and 2nd TD’s
Non QM Program Highlights_May 2024
Offer NO DSCR,
Bank statement HELOC
P and L with no bank statement
turn times
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, USDA, Jumbo, HELOC
ALT Doc Bank Statement, DSCR 1-4 Unit, ALT doc 1099, ALT Doc CPA prepared P&L, Asset Utilization, Foreign National, Non-Prime Jumbo, Full doc
Condotel
REMN is a full service lender offering no overlays on Conventional, FHA, Renovation, USDA, VA and helocs.
REMN Wholesale Home Page
Here are a list of niches as a full service lender.
Stand alone 2nds in 5 days (no underwriting)
3-2-1 buydowns
Condotels
TBD underwrites and 24 hour income calculations
ITIN conventional (need EAD card and VISA)
LP Accept with any fico (MI needs 620)
100% VA cash out jumbo refer
1st and 2nd combo loans up to 89.99% CLTV
Renovation loans (203k and Homestyle)
Pick from 16 AMC’s for govy loans
Can add 1500 TC fee to refi’s and purchases
DSCR (no ratio and use of VRBO rents)
Business and Personal Bank Statements (we calculate before disclosures) 90 ltv
1099 only (recent W2 conversion), Asset Depletion, P/L (no need for bank statement)
90ltv Jumbo
Manufacture homes (single wide too)
No Fico FHA or low fico (have done 560 fico refer)
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, VA Renovation, USDA, Jumbo,
ALT Doc Bank Statement, ALT Doc CPA prepared P&L, ALT doc 1099, Asset Utilization, DSCR 1-4 Unit, Full doc, HELOAN
Condotel, Co-Ops
Minimum FHA/VA SCORE 550
Forward Lock ( M-F) to 11:59 pm
Reverse Mtgs
8 types of Renovation products, including VA .
Free 5 days lock available (except specialty and Jumbo products)
FHA DPA – 100% CLTV ( 96.5 1ST & 3.5 % REPAYABLE 2ND)
Manual underwrites
Closed -end seconds ( Full docs & Bank stmts) up to $500,000
Foreign National, ITIN, DSCR 1-4 Unit, DSCR 5-8 Unit, Commercial/Mixed used 2-8 units, DSCR>8 Unit
Log House
✦ Non QM
✦ QM Loan
Convetional, FHA, FHA Streamline,VA, VA IRRRL
ALT Doc Bank Statement, ALT Doc 1099, DSCR 1-4 Unit, No ratio/No income check, Asset Utilization, ALT Doc CPA prepared P&L, WVOE, Second Mortgage, Non-Prime Jumbo, HELOAN,
Programs we offer:
Community (No income or employment)
DSCR
Alt Doc Programs Include:
W2 Only
1099 Only
P&L Only
Asset Depletion
1 Yr Tax Return
WVOE Only
Below are some highlights of the programs we offer:
Community Mortgage – No income and no employment on application. Up to 75LTV, Min 680- All you need is reserves, tradelines, fico.
Personal bank statement program- 100% of deposits. Borrower does not need to be self employed. We use 100% of all deposits, including pay roll plus cash, zelle, venmo.. etc
Business Bank statements- default 75% of total deposits, only 1yr self employment required ( Industry standard is 2 yrs)
W2 Program- only 1 yr employment required, no paystub or YTD income required.
Asset depletion- 100% of assets ( even non liquid) and divide by 60.
Asset Assist- use any one of our programs and then you can take your assets and divide by 60 and add it to your DTI ( industry standard is divide by 360)
Few other things to mention:
No tradeline requirements when you have 3 scores
Unlimited NSF’s ok
Gift funds ok on investor and we also don’t source any large deposits
We take the rent or the 1007 or AirDna on investor- whichever is higher
Only 1 month asset statement required on all programs
Private party VOM ok- no canceled checks needed
Recently listed property ok- even for cash out loan
We also have a bank statement desk that will calculate the income for you. All you need to do is upload the 12-month bank statements here: Click Here for Income Link.
✦ Commercial
✦ Non QM
✦ Private Loan
Rental Loans ,
Rehab & Construction ,
Bridge Loans
Truly Investor Capital provides Fix & Flip, Bridge, New Construction, and Single/Portfolio Rental loans/DSCR to residential real estate investors across the country, helping our clients overcome traditional financing hurdles and build long-term wealth through real estate investment.
We are a Business Purpose Lender NOT Non QM. The difference is:
1. We do not report to credit
2. Borrowers can take title in an Entity or as an Individual
3. We use the highest mid fico of all Guarantors
4. We do not follow TRID
5. No tradeline requirements
6. No investor experience required
7. No minimum DSCR
8. No 4506-T
9. No cap on number of transactions
10. No 1003
11. No high cost test
12. Vacant properties allow with max leverage
✦ Non QM
✦ QM Loan
Conventional, Jumbo, HELOC
ALT Doc Bank Statement, ALT Doc 1099, Asset Utilization, Foreign National, ITIN, DSCR 1-4 Unit, ALT Doc CPA prepared P&L, Full doc, HELOAN, Non-Prime Jumbo, Second Mortgage
Condotel
Heloc & CES Matrix-1st and 2nd TD’s
Non QM Program Highlights_May 2024
Offer NO DSCR,
Bank statement HELOC
P and L with no bank statement
turn times
✦ Non QM
✦ Private Loan
✦ QM Loan
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, USDA, Jumbo, HELOC
ALT Doc Bank Statement, DSCR 1-4 Unit, ALT doc 1099, ALT Doc CPA prepared P&L, Asset Utilization, Foreign National, Non-Prime Jumbo, Full doc
Condotel
REMN is a full service lender offering no overlays on Conventional, FHA, Renovation, USDA, VA and helocs.
REMN Wholesale Home Page
Here are a list of niches as a full service lender.
Stand alone 2nds in 5 days (no underwriting)
3-2-1 buydowns
Condotels
TBD underwrites and 24 hour income calculations
ITIN conventional (need EAD card and VISA)
LP Accept with any fico (MI needs 620)
100% VA cash out jumbo refer
1st and 2nd combo loans up to 89.99% CLTV
Renovation loans (203k and Homestyle)
Pick from 16 AMC’s for govy loans
Can add 1500 TC fee to refi’s and purchases
DSCR (no ratio and use of VRBO rents)
Business and Personal Bank Statements (we calculate before disclosures) 90 ltv
1099 only (recent W2 conversion), Asset Depletion, P/L (no need for bank statement)
90ltv Jumbo
Manufacture homes (single wide too)
No Fico FHA or low fico (have done 560 fico refer)
✦ Non QM
✦ QM Loan
✦ Reverse Mortgage
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, VA Renovation, USDA, Jumbo,
ALT Doc Bank Statement, ALT Doc CPA prepared P&L, ALT doc 1099, Asset Utilization, DSCR 1-4 Unit, Full doc, HELOAN
Condotel, Co-Ops
Minimum FHA/VA SCORE 550
Forward Lock ( M-F) to 11:59 pm
Reverse Mtgs
8 types of Renovation products, including VA .
Free 5 days lock available (except specialty and Jumbo products)
FHA DPA – 100% CLTV ( 96.5 1ST & 3.5 % REPAYABLE 2ND)
Manual underwrites
Closed -end seconds ( Full docs & Bank stmts) up to $500,000
✦ Non QM
✦ Private Loan
Foreign National, ITIN, DSCR 1-4 Unit, DSCR 5-8 Unit, Commercial/Mixed used 2-8 units, DSCR>8 Unit
Log House
✦ Non QM
✦ QM Loan
Jumbo, HELOC
ALT Doc Bank Statement, DSCR>8 Unit, Asset Utilization, Foreign National, ITIN, Non-Prime Jumbo, Second Mortgage, ALT Doc CPA prepared P&L, ALT Doc 1099, DSCR 1-4 Unit, Full doc, DSCR 5-8 Unit, HELOAN
Condotel, Log House
✦ Non QM
✦ QM Loan
✦ Reverse Mortgage
Convetional, Home One, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, USDA, Jumbo, VA Renovation, HELOC
ALT Doc Bank Statement, ALT doc 1099, DSCR 1-4 Unit, Full doc, Seconf Mortgage, ITIN, HELOAN
No overlays on any government or agency products. FHA and VA loans, fico down to 500. Portfolio DPA product. Manual UW, TBD UW, Non traditional credit ok.
1. FHA / VA down to 500 credit score.
2. No FICO score streamlines
3. Non-traditional credit government and conventional products
4. Manual underwrites – no pricing hit
5. Rehab loans – FHA 203K, HomeStyle, and Choice Renovation
6. Inhouse “”Equo”” FHA DPA product, 100% CLTV repayable second going down to 580 credit score.
7. EdgeAhead – Equity Share Non QM Product FICO down to
✦ Non QM
DSCR 1-4 Unit, Foreign National, Asset Utilization, ALT Doc CPA prepared P&L, Asset Utilization, ALT Doc 1099, ITIN, Second Mortgage, ALT Doc Bank Statement, Full doc, HELOAN,No ration/No income check, Non-Prime Jumbo
Log House, Cabin
✦ Non QM
✦ QM Loan
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), VA, VA IRRRL, USDA
ALT Doc Bank Statement, Foreign National, DSCR 1-4 Unit, Full doc, ALT doc 1099, ALT Doc CPA prepared P&L, Asset Utilization, ITIN
Government Files. 24 Turn time. Manual Underwriting. TBDs
✦ Commercial
✦ Non QM
✦ Private Loan
DSCR 1-4 Unit, DSCR>8 Unit, DSCR 5-8 Unit, Commercial/Mixed used 2-8 units, Foreign National, No ratio/No income check, Non-prime Jumbo
Property with less than 500 square feet and other
PROPERTY TYPES:
1-4 units Residential Mixed Use, Multi-Family 5+, Retail, Warehouse/Industrial, Automotive & Assisted Living !!
NICHE PROGRAMS:
* FAST 50% LTV -ALL PROOERTY TYPES (NO minimum score requirement)
* FIX N FLIP BRIDGE (up to 75% purchase & 70% Refi)
* FIX N FLIP ARV (up to 90% LTC not to exceed 75% ARV)
* SELLER CARRY BACK (UP TO 90% CLTV)
* NO RATIO DSCR (SHORT TERM RENTALS OK)
* FUNDING LOANS UP TO $5M
PROGRAM HIGHLIGHTS:
* NO INCOME DOCUMENTATION (ALL PRODUCTS)
* NO SEASONING ON DEPOSITS
* NO RESERVES
* SELLER CARRY BACK (UP TO 90% CLTV)
* NO SEASONING OF OWNERSHIP!
* BLANKET LOANS UP TO 10 PROPERTIES
✦ Land
✦ Non QM
✦ Private Loan
✦ SBA Loan
Full Doc
We do not look at collateral, time in business or business revenue.
Great for startups and no industry restrictions.
Loans come from major banks and credit unions.
Unsecured Fixed Term Loans: $25k – $500k
9-15%
5-7 year terms
No prepayment penalties – great for a Bridge Loan
Funded within 10 business days
Business & Personal Credit Cards: $25k – $150k
0% for 6-12 months
Stated income – we only look at the credit report. No income verification needed.
Docs we look at to give a pre-qualification: Term Loan Only
Minimum FICO 8 credit score of 680 across all three credit bureaus to qualify for a term loan.
Two years of personal tax returns (Form 1040) showing at least $50,000 in adjusted gross income.
Hard Money ,
Fix & Flips ,
Investment
✦ Non QM
✦ Private Loan
DSCR>8 Unit, DSCR 1-4 Unit, DSCR 5-8 Unit, Commercial/Mixed used 2-8 units
Condotel, Co-Ops,Studios
Broker Tear Sheet – DSCR_07.25.24
Broker TS RTL 24
Our big niche products are for real estate investment properties: Short-Term rental program, rural properties, DSCR program for multi-family 5-10 units, mixed-use, portfolio loans, and fix/flip fastest closing.
-DSCR Program:
-Loan Amount: $100,000 to $3.5 million
-Nationwide: 46 states!
-Rural properties
-Competitive rates
-Property Types: SFR, townhouse, condos, duplex, triplex, quadplex. Multi-family 5-10 units, and mixed-use.
-Loan Structure: 30-Year Fixed, 5/6 ARM and interest only for 10 years available.
-LTVs: Up to 80% for purchases and rate/term, 75% for cash-out for 1-4 and up to 75% for purchases, 70% for refinances for multi-family.
-Short-term rental (using projected revenue or actual income)
-DSCR: 0.75 minimum
-Pre-payment penalty: 5%,4%,3%,2%,1%, 3 year 3%,2%,1% and others
-Credit Score: 640 minimum
Fix/Flip Program:
-Purchase Price: $100,000 to $2 million
-Loan Amount: $100,000 to $2 million
-Payment: Interest only
-Points: 1% on the white label program!
-No Upfront Appraisal!
-Fastest closing (3-5 days)
-LTC: Up to 85%
-LTV: Up to 70%
-Term: 6-12 months
-Financing for purchase and renovation costs
-Quickest draw process in the industry
-Geography Nationwide (except MN, MO, LA, NV, NY, SD, ND, and UT)
-Property Types: SFR, and 2-4 Units
-No prepayment penalty
-Credit score: 660
✦ Non QM
✦ Private Loan
ALT Doc Bank Statement, ITIN, Foreign National, Non-Prime Jumbo, DSCR 1-4 Unit, Asset Utilization, ALT Doc CPA prepared P&L, DSCR>8 Unit, ALT Doc 1099, Second Mortgage, Full doc, No ration/No income check, DSCR 5-8 Unit
Condotel, Other
Bridge Loan
Deferred Payments: Provide your clients with the flexibility to defer payments for up to 1 year, allowing them to settle into their new home without immediate financial stress of two mortgage payments.
Immediate Liquidity: LendSure pays off existing mortgages swiftly, freeing up equity for down payments on their new property.
Simplified Process: Our streamlined approval process ensures a seamless experience from application to funding, making it easier than ever to close deals.
How It Works:
Clients can secure their new home without waiting to sell their current property.
Utilize home equity for down payments and deferred payments for 12 months (owner-occupied).
We also offer this program for investors with a reverse 1031 exchange ! Ask me for details!
Here’s a glimpse of what we offer:
1031 Exchange with Bridge Loan: Perfect for investors looking to defer taxes while maximizing property value.
40-Year Fixed IO Loans: Extended terms to ease monthly payments for borrowers.
Asset Depletion / Asset Qualifier: Utilize your clients’ assets to secure loans.
Bank Statement Mortgage: Ideal for self-employed borrowers needing flexible documentation.
BOOST Bridge Financing: Quick solutions for clients needing immediate funding.
Condotel Loans: Financing options for condominium hotels, expanding your market reach.
DSCR Investors Cash Flow: Cash flow-based lending for investment properties.
Expanded Approval Non-QM Loans: Helping more clients qualify with flexible guidelines.
Fix and Flip Financing: Tailored loans for real estate investors looking to renovate properties.
Foreign National Loan Programs: Open doors to international clients seeking U.S. property.
Investment Property Loans: Comprehensive options for every type of investor.
Jumbo Loans: Competitive financing for high-value properties.
Non-Warrantable Condo Loans: Solutions for condos that don’t meet conventional criteria.
Profit & Loss (P&L) Program: Simplified income assessment for business owners.
Super Prime & Alt-A Non-QM Loans: Catering to a broader client base with unique financing needs.
Trend to Blend your income to get your MAX DTI.
LendSure has a unique formula to determine the highest and best income for your customers. We can Blend all income sources and types to help get your customers qualified. Remember, we are an exception-based company and customizing your customers loan will help you capture more business…
Income Source – W2 & Paystub (12,24) , 1099 (12,24), Bank Statements (12,24),1040 (12,24),P & L and CPA Letter, Business Income, DSCR (Rental), DSCR No Ratio,
39 Acceptable Income Types
DTI above 50% (Exceptions Made)
DSCR below 1.1 (Income Qualifier)
Personal or Business Bank Statements
Mixed Income Acceptable (Max out your DTI)
Complex Income Simplified
Cannabis Income Acceptable
Foreign Income Acceptable
Venmo and Cash App Acceptable
✦ Non QM
ALT Doc CPA prepared P&L, ALT Doc 1099, WVOE, DSCR 1-4 Unit, Foreign National, ITIN, Asset Utilization, Full Doc, No ration/No income check, Non-prime Jumbo
Condotel, Kitchenettes,Property with less than 500 square feet, Studios, Other
Jumbo Non-Conforming Lender: DSCR, P&L, Bank Statements, Foreign National, ITIN, Non-Permanent Residents, Expired VISAs, Expired Work Permits, Assets Only, Multifamily, Etc.
We also offer a WVOE only program, a 1 score/no score program, as well as a 1year self-employed program
We also offer ATR in full. It is qualifying on assets that equal the loan amount. No reserves required and this is for primary homes only.
DSCR
RATE MATCH
ITIN
BANK STATEMENTS
FOREIGN NATIONAL
✦ Non QM
✦ QM Loan
HELOC
HELOAN, Full Doc, ALT Doc Bank Statement
Button Finance is a second lien lender offering –
Fixed Rate HELOANs for 10/15/20 and 30 years
HELOCs with 3, 5 or 10 year draws and terms of 10/15/20 and 30 years
Primary Residence to 85% CLTV for 1-4 units
Investment Properties to 80% CLTV -70% CLTV for 2-4 units
Bank Statement Program for O/O, 2nd Home and Investment Properties
FICO scores as low as 660. DTI up to 50%
AVMs to $250K and we can accept your AVM (subject to HPML)
✦ QM Loan
Convetional, Home One, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, USDA
Down Payment assistance loans for FHA, OTC loans for Conventional, FHA, VA and USDA
✦ Reverse Mortgage
Reverse Mortgage
We offer FHA HECM Fixed and HECM ARM (CMT) products, as well as our unique proprietary reverse mortgage called Choice. These loans can be used to purchase or refinance a home.
✦ Chattel Mortgage
✦ Mobile Home Loans
FHA, FHA Streamline
✦ Commercial
✦ Private Loan
Conventional, Jumbo
ALT Doc CPA prepared P&L, ALT Doc 1099, DSCR 1-4 Unit, Asset Utilization, Foreign National, Full doc, Non-prime jumbo, Second Mortgage
Super Jumbo up to $30MM
Product specific, please reach out for specific scenario overlays.
Co-ops is for New York only.
✦ Non QM
ALT Doc CPA prepared P&L, ALT Doc 1099, WVOE, DSCR 1-4 Unit, Asset Utilization, Foreign National, HELOAN, ITIN, No ration/No income check
Condotel, Co-Ops
LITE DOC
Since we are CDFI certified, we do not have to collect the traditional income docs. (no W-2’s, paystubs or tax returns) we only ask one question: total gross income including all source.
income calculation for most recent year.
Allows the advantage of limited documentation to a sector of underserved borrowers who do not meet traditional eligibility requirements.
exp. cash tips, bonuses, over-time, royalties, commission, any and all forms of income source.
LITE DOC OOC/2ND HOME
LTVs > 75% are Limited to 1-Unit Properties (SFH, PUD, Condo, Coop)
• Second Homes: 2-4 Unit Properties are Ineligible.
• Non-Warrantable Projects: o Purchase & Rate/Term: Max 75% LTV o Cash-Out: Max 70% LTV
• ITIN Borrowers Overlays: o Max Loan Amount: $1,000,000 o LTVs > 75% Require Minimum 680 FICO o Cash-Out: Max 75% LTV o No Coops
✦ Non QM
✦ QM Loan
Convetional, FHA, FHA Streamline, DPA (Down payment assistance), VA, VA IRRRL, USDA, Jumbo
ALT Doc Bank Statement, ALT Doc CPA prepared P&L, ALT Doc 1099, WVOE, DSCR 1-4 Unit, No ratio/No income check, Foreign National, ITIN, Asset Utilization, Non-prime Jumbo
NonQM loans down to 600 FICO.
Bank Statement loans with 30% expense factor with no CPA letter needed.
up to 85% on Nonowner Purchase — Short Term Rental income allowed.
Jumbo up to 90%LTV
Nonwarrantable Condos up to 75% LTV
ITIN loans up to 85% LTV
Borrower must be experienced investor to use Short-Term Rental income.
✦ Non QM
✦ QM Loan
Conventional, FHA, VA
ALT Doc 1099, DSCR 1-4 Unit, Asset Utilization, Foreign National, No ration/No income check, ALT Doc Bank Statement, Non-prime Jumbo, Full doc
1) Co-Borrower does not need to have credit to be on the loan
2) Asset converted to additional income to supplement primary source of income
3) Can use the higher score between the Borrower and Co-borrower.
DSCR loans are available for States: AK, KY, MA, MO, MS, WY, WV.
✦ Non QM
No ration/No income check, ALT Doc Bank Statement, ALT Doc 1099, DSCR 1-4 Unit, Foreign National, ITIN, ALT Doc CPA prepared P&L, WVOE, Non-Prime Jumbo, Asset Utilization, Full doc, DSCR 5-8 Unit
– No need 6 month seasoning, you can cash out (not delayed financing) with new/current appraisal value
– Loan program Ally – Primary residence and 2nd home Allowed- True NO DOC. No income, no employment, No DTI stated on the 1003, no supporting income docs required!
DSCR
– FTHB now accepted (rent free allowed)
– Vacant property allowed
– 100% gift fund allowed
– IPC allowed upto 6%
– DSCR < 0.75 allowed
– Use mid score of whoever higher
– Large deposit < 10% of loan amount no need to be source
– Now accept 85% LTV (740+ score only)
– Min score 640, 65% LTV , DSCR can 1
– Asset assist can be used in conjunction with the rent (Can help you change from DSCR 0.2 into 1.25 if you have large amount of asset
– Appraisal transfer now no need transfer letter
– LO license only required in KS , NV, OR, SD.
✦ Non QM
✦ QM Loan
Convetional, HomeReady, Home Possible, FHA, FHA Streamline, Jumbo
ALT Doc Bank Statement, ALT Doc CPA prepared P&L, ALT Doc 1099, WVOE, DSCR 1-4 Unit, DSCR 5-8 Unit, Asset Utilization, Foreign National, ITIN, Full doc, Commercial/Mixed used 2-8 units, HELOAN, No ration/No income check
Condotel
✦ Private Loan
✦ QM Loan
Convetional, HomeReady, Home Possible, FHA, FHA Streamline, DPA (Down payment assistance), VA, VA IRRRL, USDA, Jumbo, Home One
FHA Manual 640- 45/DTI
We post any overlays which are few in our product description that can be found in our Portal under Documents and Guidelines.
✦ Non QM
✦ QM Loan
Convetional, Home One, HomeReady, Home Possible, FHA, FHA Streamline, DPA (Down payment assistance), VA, VA IRRRL, VA Renovation, USDA, Jumbo
ALT Doc Bank Statement, DSCR 1-4 Unit, ALT Doc 1099, Asset Utilization, Foreign National, ITIN, Non-Prime Jumbo, Second Mortgage, Full doc, No ration/No income check
Condotel, Studios, Property with less than 500 square feet, Other, Co-ops
✦ Non QM
✦ QM Loan
Convetional, HomeReady, Home Possible, Home Style (Renovation), FHA, FHA Streamline, FHA 203(K), DPA (Down payment assistance), VA, VA IRRRL, VA Renovation, USDA, Jumbo
ALT Doc Bank Statement, ALT Doc CPA prepared P&L, DSCR 1-4 Unit, Asset Utilization
Property with less than 500 square feet
VA Reno
203k Reno
Homestyle Reno
HUD $100 down
FHA Streamline, FHA 2 or 3, FHA Manual underwrite
Agency ,
Government ,
DPA ,
Jumbo
Bank Statement ,
DSCR
Asset Qualifier,
Bank Statement,
Full Doc Qualifier,
ITIN, P&L,
Seconds
Doctor & Professional Loans
Jumbo & Super Jumbo
Commercial