Non-QM

Designed for self-employed individuals seeking homeownership.

• Bank Statement Options: Personal and Business Bank Statements allowed
• Term Options: 12-month and 24-month Bank Statement programs available
• Maximum LTV:
  • Up to 90% for Non-QHEM Plus (purchase only)
  • Up to 85% for standard Non-QHEM
  • 2nd Home and Investment Properties: Up to 80% LTV
• Loan Amounts: Up to $4MM
• Property Types: Non-Warrantable Condos allowed
• Debt-to-Income (DTI): Allowed up to 55%
• Credit Score: Accepted down to 620
• Credit Events: Recent credit events allowed
• Additional Benefits: Multiple financed properties allowed

Results without all the BS (Bank Statements, that is!)

• Qualification: Based on Profit & Loss (P&L) only
• P&L Options: 12 or 24 months
• Purchase LTV: Up to 85%
• Cash-Out LTV: Up to 80%
• Loan Amounts: Up to $4MM
• DTI: Up to 50%
• Ownership: Minimum 25% business ownership required

For independent contractors & freelance workers paid like a business owner, but without owning a business.

• Qualification Options: Multiple 1099 options
• Expense Factor: Apply a 10% expense factor to eligible gross receipts
• Documentation:
  • Profit and Loss Statement
  • CPA Letter for Business Funds
• DTI: Up to 55%
• Credit Score: As low as 620
• Credit Events: Recent credit events allowed
• Occupancy Types: All allowed
• Loan Terms: 7/6 and 10/6 ARM, 30 and 40 FRM
• Multiple Properties: Multiple financed properties allowed
• Loan Amounts: Up to $4MM

For Foreign Nationals Purchasing in the U.S.

• Loan Amounts: $100,000 to $1.5 million
• Purpose: Purchase, cash-out, or rate-term refinance
• Property Type: Investment property only
• Program: DSCR with a 1:1 cash flow ratio
• Residency: Cannot reside in the U.S.
• Title Vesting: Allowed in U.S. LLC entities
• Asset Requirements:
  • Sourced and seasoned for 60 days
  • Must be in a U.S. FDIC-insured bank for 30 days
• Reserves: 12 months required
• Gift Funds: Not allowed

Designed for Rental Property Investors.

• Loan Amounts: $100,000 to $3 million
• Purpose: Purchase, cash-out, or rate-term refinance
• Short-Term Rentals: Allowed (AirDNA reports accepted)
• DSCR Options:
  • DSCR < 1.0
  • No DSCR options available
• Qualifications: Based on property cash flow (No income or employment required)
• Loan Limits: Up to 5 loans with AOMS (Exceptions considered for more)
• Title Vesting: LLC, S corp, C corp, or revocable trusts
• Buyer Restrictions: First-time homebuyers not allowed
• Additional Features:
  • Interest-only available
  • Gift funds allowed
  • Up to 6% seller concessions
  • Warrantable, non-warrantable, and condo hotels allowed
• Credit Score: Minimum 680 (Max LTV 75%)
• Max LTV: Up to 85% (Minimum 720 FICO)

A HELOC solution tailored for self-employed borrowers.

• Loan Amounts: Up to $500,000
• First Lien: Allowed
• Property Types: Owner-occupied, second homes, and investment properties
• Full Doc Option: Available
• Draw Requirements: Minimum initial draw 80%
• Payment Terms: Interest-only during draw period
• Usage: No restrictions on fund use
• Loan Terms:
  • 15 years (3-year draw, 12-year repay)
  • 20 years (5-year draw, 15-year repay)
  • 25 years (10-year draw, 15-year repay; not allowed on bank statements)
• Credit Score: Minimum 700 (Max CLTV 85%)