- Qualify based on verified liquid assets
- No employment | No income | No DTI | No 4506T
Usable assets: 100% checking & savings, 90% stocks, bonds & mutual funds,
80% retirement funds
- Loan amounts up to $3MM | Cash out up to $2.5MM
- Short-term rental properties allowed
- Only 1 appraisal required when loan amount is ≤ $1.5MM (LTV ≤ 75%)
Multiple term options:
- ARM*: 5/1, 7/1, 10/1
- Fixed: 15, 30
- Property types: SFRs, PUDs, Condos, 1-4 Units
- Credit scores as low as 600**
All states (including DC) are eligible except DE, ME, MA, WY.
A borrower with a 25% or greater ownership interest in a business is considered self-employed.
*Interest only available on all ARMs. No I/O in Illinois.
**Not available in Premier.