Skip to main content
Non-QM Program Enhancements – March 2021
General Enhancements
- Up to 90% LTV for First-Time homebuyer
- No adder for 24-month Bank Statements – Pricing is the same as Full Doc!
- No reserve requirements for:
- Purchase loans with LTV up to 65%
OR
- FICO over 740 in Expanded Approval
2-Month Bank Statement Program
- Only 2 months of Personal or Business Bank Statements needed
- 720 Minimum FICO
- Loan amounts as high as $2,000,000
- LTV up to 70%
- Must be self-employed in the same business for 2 years
- 12 months of 3rd Party CPA prepared P&L statements required
One Year Income Doc Program
- One year W2 + Recent Pay Stubs or one year 1099
- LTV to 80%
DSCR
- DSCR as low as .75
- Up to 80% LTV for Purchase & 75% LTV for R/T or Cash-out Refi
- No reserves required for LTV up 65% LTV and Only 3 months reserves required over 65%
- Cash out may count towards reserves
Foreign National
- Up to 75% LTV for purchase transactions
- No reserves required for LTV up 65% LTV and Only 3 months reserves required over 65%
- Cash out may count towards reserves
Condotel Loans
- Up to 75% LTV for Purchase Loans
- Up to 70% LTV for R&T Refinances
- Up to 65% LTV for Cash-Out Refinances