For investor purpose loans qualifying off DSCR or No Ratio. Experienced and First time investors with prior credit event allowed.

 

PRODUCT FEATURES

  • ARM: 3/1, 5/1, 7/1

  • Loan Amounts: $75M to $2MM

  • Cash-out options, no limit

  • Non-warrantable condo, First time investors & Foreign Nationals

 

RESIDENCES

DSCR OPTION

  • Max LTV/CLTV: 80%

  • Min FICO: 620

  • Max Loan Amt: $2MM

NO RATIO OPTION

  • Max LTV/CLTV: 75%

  • Min FICO: 640

  • Max Loan Amt: $2MM

 

FINANCIALS

 

  • DSCR = 1.1

  • No Ratio (DSCR < 1.1) option

  • Prior Credit Events (2+ years)

  • Reserves: 6 months PITIA for subject, 2 months for additional financed properties (12 mo max)

  • 20 max financed properties

  • Escrows required for taxes/insurance