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Click on the program name icon to learn more about a specific program:
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PROGRAM NAME
MINIMUM DOWN PAYMENT
IDEAL CANDIDATE
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
MAX LOAN SIZE
MINIMUM DOWN PAYMENT
IDEAL CANDIDATE
PROGRAM NAME
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
MAX LOAN SIZE
20%
Designed especially for EXPERIENCED INVESTORS and LANDLORDS who are looking for a simpler way to acquire rental homes without the use of tax return income approach of a traditional home loan. Under this program a ratio of rental income vs total housing expense is used. This ratio must be 1.00 or higher, with exceptions down to 0.75 on a case-by-case basis
Our DSCR program requires that the applicant own their own primary residence. First time investors okay. Prepayment penalties may apply, ask Loan Originator for details and options.
Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Condotels on a case-by-case basis
Income is calculated by a professional Market Rental analysis performed by a licensed real estate appraiser.
TAX RETURNS NOT USED
$100,000 - $3MM
Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Condotels on a case-by-case basis
Bank Statement analysis of ordinary business income.
Tax Preparer Explanation letters.
TAX RETURNS NOT USED
$100,000 - $3MM
25%
Designed especially for BUSINESS OWNERS who have been in business for at least 24 months or longer. We perform our own analysis of your bank statements, looking for ordinary business income and applying an expense ratio. This usually reveals a very different financial portrait than the traditional tax return approach of a traditional loan program.
Prepayment penalties may apply for investment homes only, ask Loan Originator for details and options.
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Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Condotel
Specialty properties / waterfront / large acreage lots, etc.
Full-Documentation.
Blended, based on tax returns, supporting verification, assets
Our own Portfolio Program. Designed for a wide variety of scenarios. Flexible with credit scores., income calculation, property types, self-employed. No prepayment penalties.
$100,000 - $3MM
40%
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
IDEAL CANDIDATE
MAX LOAN SIZE
MINIMUM DOWN PAYMENT
PROGRAM NAME
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Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Condotels on a case-by-case basis
1099 Documentation.
Employer verification
TAX RETURNS NOT USED
Designed especially for 1099 employees working for the same employer for at least 2 years or longer.
We can use 100% of the 1099 income with a letter from the employer stating that the applicant has no job-related expenses.
$100,000 - $3MM
25%
MINIMUM DOWN PAYMENT
IDEAL CANDIDATE
PROGRAM NAME
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
MAX LOAN SIZE
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Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Condotels on a case-by-case basis
Full and Alt Documentation.
Blended, cased on the various sources instead of strictly using tax returns, supporting, verification, asset depletion.
Designed for applicants with out-of-the box scenarios, recent major credit events such as bankruptcy, foreclosure, short sale and deed-in-lieu of foreclosure.
Investment Homes:
Max LTV (Full Doc) - 80%
Max LTV (Alt Doc) - 75%
$100,000 - $3MM
20%
MINIMUM DOWN PAYMENT
IDEAL CANDIDATE
PROGRAM NAME
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
MAX LOAN SIZE
MINIMUM DOWN PAYMENT
IDEAL CANDIDATE
PROGRAM NAME
Designed for business owners and independent contractors in business for 2 years or longer. This program also works well for cash businesses.
We can use 100% of the NET income from a Profit & Loss Statement prepared by a licensed tax preparer.
We also accept business owners in business for over 1 year but less than 2 years (on a case-by-case basis)
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25%
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
MAX LOAN SIZE
Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable and Non-Warrantable)
Profit & Loss (P&L) Statement prepared by a CPA or other licensed tax professional.
TAX RETURNS NOT USED
$100,000 - $750,000
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MINIMUM DOWN PAYMENT
ELIGIBLE PROPERTY TYPES
INCOME QUALIFICATION METHOD
IDEAL CANDIDATE
PROGRAM NAME
MAX LOAN SIZE
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Single Family
Townhome / Villa
2-4 Unit Multi-Family
Condos
(Warrantable only)
Full Documentation.
Based on tax returns, supporting verification, assets
$100,000 - $766,550*
* for single family homes. Higher loan amounts for certain regions, and for multi-family homes.
See our Conventional Loan resource page for most current info.
15%
Average homebuyers with average needs. The maximum loan amount is restricted to 85% of the purchase price/home market value for investment homes.
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