With this program, we are providing financing for diverse homeowners and real estate investors. We look beyond the standard loan qualification metrics associated with traditional income and credit verification. See below for some of the key highlights of this program.

Income Verification

  • Full-Documentation
  • Accountant-Certified 12-Month Profit & Loss Statement
  • 2-Months Personal and/or Business Bank Statements
  • Asset Depletion (to supplement any of above methods to reduce DTI)
  • Asset Ready (Stand-Alone approach; no DTI calculated)

Asset Verification

  • Two (2) months’ bank statements (with most recent dated within 30 days of application)
  • No Minimum Reserve Requirements for LTVs 80% and less
  • 100% Gifts allowed for down payment, closing costs, reserves for LTVs 80% and less

Other Program Highlights

  • Purchase & rate/term refinance up to 85% LTV
  • Cash-out refinance up to 75% LTV, unlimited cash-out funds
  • Eligible Borrowers: US Citizens, Permanent Residents, EAD Borrowers, and ITIN Borrowers
  • Minimum 680 FICO (TransUnion Score and Tradelines ONLY)
  • Up to 55% DTI with Compensating Factors (refer to guidelines)
  • Cash-out refinance up to 75% LTV, unlimited cash-out funds
  • SFHs, Condos/PUDs (no Highrises)
  • Second homes allowed
  • Loan amounts up to $1,000,000
  • 15 or 30-year fixed rate options
  • First-time homebuyers eligible

Note: See Guidelines and Rate Sheet for any State Overlays. All loans in IL, NJ, and NY are currently Ineligible. TX Cash-Out Refinances are Ineligible.