Loan Program Highlights
  • Qualify based on cash flow of the subject property at I/O payment calculation
  • No vacancy factor or DTI calculated, DSCR = 1.0*
  • No income | No employment verification | No tax returns | No 4506T
  • Business funds allowed for down payment, closing costs, & reserves for
    self-employed borrowers
  • Loan amounts up to $2.5MM | Cash out up to $2MM
  • Short-term rental properties and gift funds allowed
  • Up to 25% variance allowed between Lease Agreement & 1007**
  • Only 1 appraisal required when loan amount is ≤ $1.5MM (LTV ≤ 75%)
  • Vest in an LLC
  • Up to 80% LTV
  • Borrower can own unlimited financed properties
  • Seasoned ownership/management experience not required if DSCR = 1.25
  • Multiple term options:
    • ARM***: 5/1, 7/1, 10/1
    • Fixed: 15, 30

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.
*DSCR = 1.25 for Premier
**Up to 10% without proof or 25% with most recent 3 month rent receipt verification
***Interest only option available on all ARMs. No I/O in Illinois.

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