RUBEN LO IACONO
Account Executive
PHONE: 213-805-1062
Non QM Program
Take a look for yourself, we promise you won’t be disappointed
Asset Qualifier
For those sitting stacks of cash looking to push their savings to work
Option 1 | Mortgage Only
Total post-closing assets must meet 125% of the outstanding mortgage debt for which the Applicant has personal liability, including the proposed mortgage(s) on the subject property.
Option 2 | Simplified
Total post-closing assets must meet 120% of the proposed mortgage(s) on the subject property plus 30% of all other outstanding debt (mortgage and consumer).
Option 3 | Traditional
Total post-closing assets must meet the sum of the below:
- 100% of loan amount
- 60 months of total debt service (do not include subject property’s PITIA or PITIA on rented properties with documented rental income)
- 60 months of net rental losses on rental properties (do not include subject property’s PITIA)
- Loan amounts up to $4.0MM
- Non-Warrantable Condos allowed
- No income documentation necessary
- Credit scores as low as 600
- Recent credit events allowed
- All occupancy types allowed
- 7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
- Multiple financed properties allowed
Bank Statement Qualifier
For those who are self-employed and looking to own a home
- Personal and Business Bank Statements allowed
- 3-month, 12 month and 24-month Bank Statement options
- Max LTV up to 90% (purchase only)
- 2nd Home and Investment properties up to 80% LTV
- Loan amounts up to $4MM
- Non-Warrantable Condos allowed
- DTI up to 55%
- Credit scores down to 600
- Recent Credit Events Allowed
- 7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
- Multiple financed properties allowed
Full Doc Qualifier
For those who file income the traditional way looking to expand their loan qualifications.
- DTI up to 55%
- Credit scores down to 600
- Recent credit events allowed
- All occupancy types allowed
- 7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only)
- Multiple financed properties allowed
- Max LTV up to 90% (purchase only)
- Non-Warrantable Condos allowed
- Loan amounts up to $4MM
Gig Qualifier
For those independent contractors & freelance workers that are paid like a business owner, but may not own a business.
- Multiple 1099 qualification options
- Apply a 25% expense factor to all eligible gross receipts.
- Profit and Loss Statement
- CPA Letter for Expense Ratio
- DTI up to 55%
- Credit scores as low as 600
- Recent credit events allowed
- All occupancy types allowed
- 7/6 and 10/6 ARM, 30, and 40 FRM (40-year term IO only)
- Multiple financed properties allowed
- Loan amounts up to $4MM