Loan Program Highlights
  • Qualify with 12 months personal, business or co-mingled bank statements
  • No tax returns | No 4506T
  • May use multiple streams of income: W2, retirement, rental, social security,
    asset amortization, pension, etc.
  • Available for primary residence, second homes & investment properties
  • Usable Assets: 100% checking & savings, business funds, stocks, bonds,
    mutual & retirement funds may be used for reserves
  • Gift funds allowed for reserves*
  • 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%)
  • 5/1, 7/1, 10/1 ARM**
  • 15 and 30 year fixed available
  • 40 year fixed I/O available**
  • 90% LTV with 680 FICO
  • Credit scores as low as 600*** | DTI up to 55%***

A borrower with a 25% or greater ownership interest in a business is considered self-employed.
All states (including DC) are eligible except DE, ME, MA, WY.
*Subject property must be primary residence or second home with minimum 680 FICO score
**Interest only options available on all ARMS. 40 year I/O: Interst only payments required for the first 10 years, then loan amortizes fully over the next 30 years. No I/O in Illinois.
***Not available in Premier.

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