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Series Z
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
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Series Z
Standard Doc | Bank Statements | P&L Only | WVOE | 1099 | Asset Utilization | DSCR | Foreign National
Series 1
Standard Doc | Bank Statements | P&L Only | WVOE | 1099 | Asset Utilization | DSCR | DSCR 5-8 | DSCR Cross Collateral | Foreign National | Seconds
Series 2
Standard Doc | Bank Statements | 1099 | DSCR | Foreign National DSCR
Series 3
Standard Doc | Bank Statements | P&L Only | DSCR | Seconds
Series 4
Standard Doc | Bank Statements | P&L Only | WVOE Only | DSCR
Series 5
Standard Doc | Bank Statements | P&L Only | WVOE | 1099 | Asset Utilization | DSCR | Foreign National | Seconds
Series 6
Standard Doc | Bank Statements | P&L Only | WVOE | 1099 | Asset Utilization | DSCR | DSCR 5-8 | Foreign National
Standard Doc
Series Z
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• Non-perm up to 90% LTV
• DTI up to 55%
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 1 Day Credit Event Seasoning
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
Most recent W2 for 1 or 2 years + most recent paystubs covering at least 30 days AND/OR 1 or 2 years of tax returns.
Bank Statements
Series Z
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• Business or personal
• 50% standard expense
• 10% expense with accountant letter
• Non-perm up to 90% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 1 Day Credit Event Seasoning
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
12/24 months of bank statements (all months, all pages)
Income calculation completed using the form to the left. (optional)
P&L Only
Series Z
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Min 660 FICO - Up to 85% LTV
• No tradeline requirement w/ 3 credit scores
• No bank statements
• 12 or 24 months accepted
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $3m
• CPA, EA, CTEC, or PTIN
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
12/24 months P&L prepared and signed by a CPA/Tax Preparer.
We will condition for:
Signed letter from CPA/Tax Preparer confirming that they prepared the borrowers most recent tax returns. Additionally, the letter needs to address the nature of the business, % of ownership, and the date established.
WVOE Only
Series Z
Series 1
Series 2
-
Series 4
Series 5
Series 6
Min 660 FICO - Up to 80% LTV
• No tradeline requirement w/ 3 credit scores
• No tax return, W2, or paystubs
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $3m
• 2 months bank statements required
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
Written Verification of Employment from current employer showing YTD income along with last 2 years income.
1099 Only
Series Z
Series 1
Series 2
-
Series 4
Series 5
Series 6
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• 1 or 2 years - 1099 or transcripts
• 12/24 month average minus expense ratio
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
IRS Form 1099 documenting income.
Asset Utilization
Series Z
Series 1
Series 2
Series 3
Series 4
Series 5
Series 6
Min 620 FICO - Up to 90% LTV
• No tradeline requirement w/ 3 credit scores
• Non-Perm up to 80% LTV
• Unlimited Cash in Hand
• Cash-out used for reserves
• SFR, Condotels, Condos, 2-4
• Loan amounts up to $4m
• 100% of checking, savings, & money market
• 70% of stocks, bonds, mutual funds
• Divide by 84
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - Including Income & Employment.
Submission Form Completed.
Two most recent statements for all assets used to calculate income.
DSCR (1-4 Residential Units)
Series Z
(≥0.75)
Series 1
(No Ratio)
Series 2
(≥0.75)
Series 3
(≥0.75)
Series 4
(≥0.75)
Series 5
(≥0.75)
Series 6
(No Ratio)
Min 620 FICO - Up to 80% LTV
• No deposit sourcing
• No minimum DSCR Ratio up to 75% LTV
• No tradeline requirement w/ 3 credit scores
• Unlimited cash in hand ≤65% LTV
• SFR, Condos, 2-4 up to 80% LTV
• Condotels up to 75% LTV
• 2 months reserves
• Cash-out used for reserves
• AIR DNA & STR income accepted
• Loan amounts up to $3.5m
• Unlimited 30 days lates allowed.
• Vacant properties allowed
• Rural properties up to 20 acres allowed
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - DO NOT include Income & Employment.
Submission Form Completed.
Copy of lease agreement(s) (if applicable)
Copies short term income statement(s) (if applicable)
DSCR (5-8 REsidential Units & 2-8 Mixed Use)
-
Series 1
-
-
-
-
-
Min 660 FICO - Up to 75% LTV
• No deposit sourcing.
• Min DSCR of 1
• No tradeline requirement w/ 3 credit scores
• $1,000,000 cash in hand
• Cash out up to 70% LTV
• Commercial space <50% allowed
• Loan amounts up to $2,000,000
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - DO NOT include Income & Employment.
Submission Form Completed.
Copy of lease agreement(s) (if applicable)
DSCR (Cross Collateral)
-
Series 1
-
-
-
-
Series 6
Min 660 FICO - Up to 70% LTV
• No deposit sourcing
• Min DSCR of 1.2
• No tradeline requirement w/ 3 credit scores
• Unlimited cash in hand
• Minimum Per Property Balance $50k
• Minimum of 3 properties
• Maximum of 25 properties
• Cash out up to 65% LTV
Credit Report (Cannot be older than 60 days) - Must be merged into the LOS.
Borrowers' ID (Passport or Driver License).
Purchase Contract (if applicable)
Complete Loan Application - DO NOT include Income & Employment.
Submission Form Completed.
Copy of lease agreement(s) (if applicable)
Foreign National
Series Z
Series 1
Series 2
-
Series 4
-
Series 6
No FICO or Min 680 - Up to 75% LTV
• DSCR ≥ 1 up to 75% LTV
• No DSCR Ratio up to 65% LTV
• Loan amounts up to $2m
• 6 months reserves
• No deposit sourcing
• No credit reference letters
• No asset seasoning in US account
• No visa
• Loan amounts up to $2m
• Condotels, Condos, & 2-4 up to 70% LTV
• ITIN borrower allowed
• No 3rd party primary address verification
Unexpired Passport
Purchase Contract (if applicable)
Complete Loan Application - DO NOT include income & employment information.
Submission Form Completed.
Copy of lease agreement(s) (if applicable)
Closed End Seconds
-
Series 1
-
Series 3
-
Series 5
Series 6
Min 660 FICO - Up to 90% LTV
• Cash-out used for reserves
• Loan amounts up to $500k
• Combined loan amount up to $4m
• Standard Doc, Bank Statements, P&L, 1099, DSCR
• Primary, Second Homes, and Investment
• AVM only for Loan Amounts <$250k
• Non-perm allowed