Program Highlights
Bank Statement Loans
Credit Scores Starting at 640 | Up to 90% LTV
- Loans up to $3.5 million (BS Elite), with a minimum of $150,000
- 12 or 24 months’ business or personal bank statements
- Up to 80% on second homes and investment properties
- Two years self-employed required, or one year self-employed as long as same line of work
- Two years’ seasoning from foreclosure, short sale, bankruptcy, or deed-in-lieu Profit and loss (P&L) and 1099 options available
Bank Statement HELOC
Credit Scores Starting at 700 | Up to 85% CLTV
- Loans up to $500,000
- Minimum initial draw 80%
- Interest-only payments during draw period
- Owner-occupied, second homes, and investment properties
- No restrictions on how funds can be used
- Loan terms:
- 15 years (3-yr draw, 12-yr repay)
- 20 years (5-yr draw, 15-yr repay)
Portfolio Select
Credit Scores Starting at 640 | Up to 85% LTV
- Loans up to $2.5 million, with a minimum of $125,000
- One year seasoning for foreclosure, short sale, or deed-in-lieu
- Two years’ seasoning for bankruptcy; can use Chapter 13 filing date
- Pricing based on primary wage earner’s middle FICO score
- Owner-occupied, second homes, and investment properties
- Up to 50% DTI
Foreign National Mortgage
No Foreign/U.S. Credit Needed | Up to 70% LTV
- Loans up to $1.5 million, with a minimum of $100,000
- DSCR program with a 1:1 ratio on cash flow
- Cannot reside in the United States
- Closing in a U.S. LLC entity permitted
- 12 months’ reserves required and can remain in a borrower’s home country
- Investment property only
Asset Qualifier
Credit Scores Starting at 700 | Up to 75% LTV
- Loans up to $3 million, with a minimum of $250,000
- No employment, no income, no DTI
- Five years’ seasoning for foreclosure, short sale, or bankruptcy
- Primary residence only
- Rates are 30-year fixed
- Interest-only program available
DSCR Loans
Credit Scores Starting at 680 | Up to 85% LTV
- Loans up to $3 million, with a minimum of $100,000
- Short-term rentals allowed (AirDNA reports accepted)
- No-ratio DSCR available
- No income or employment required; qualifications based on property cash flow
- Max of five loans with AOMS; exceptions considered when there are more than five loans
- No limit on total number of financed properties a borrower can own
- Properties can vest title in LLC, S corp, C corp, or revocable trusts
- Interest-only available; gift funds okay
- Up to 6% seller concessions
- Warrantable, non-warrantable, and condo hotels allowed
Closed-End Second Loans
Credit Scores Starting at 700 | Up to 85% CLTV
- Loans up to $750,000, with a minimum of $75,000
- Primary, second home, and investment properties
- Full doc or business bank statements
- Can never have had a foreclosure, short sale, modification, or deed-in-lieu; 60 months’ seasoning from bankruptcy required
- Owner-occupied program is not available in TX
- Program only allowed on investment properties in TN
Platinum Jumbo
Credit Scores Starting at 680 | Up to 90% LTV
- Loans up to $3 million, with a minimum of $150,000
- Four years’ seasoning for foreclosure, short sale, bankruptcy, or deed-in-lieu
- Owner-occupied, second homes, and investment properties
- Pricing based on primary wage earner’s middle FICO score
- Full doc only
ITIN Mortgage Loan (+DACA)
Credit Scores Starting at 640 | Up to 75% LTV
- Loans up to $2.5 million, with a minimum of $125,000
- One year’s seasoning for foreclosure, short sale, or deed-in-lieu
- Two years’ seasoning for bankruptcy; can use Chapter 13 filing date
- Primary home only (one unit only)
- Non-warrantable condos allowed
- Up to 50% DTI
Do I Qualify?
To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 49.99% of your monthly income can go toward your total monthly debt (including your mortgage payment). VA and FHA loans even allow for higher debt ratios on a case by case basis.
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Conforming Loans
- Jumbo & Super Jumbo Loans
- FHA, VA, & USDA Loans
- Terms from 5 to 30 Years