TAILORED LENDING SOLUTIONS FOR EVERY BORROWER!

When traditional financing doesn't work, we deliver solutions! Compare our comprehensive suite of Non-QM loan programs, expertly designed to meet unique financial needs.

 

CREDIT PARAMETERS	Prime Advantage*	Flexible Advantage Plus*	Flexible Advantage*	Investor Advantage*
FICO	660+	620+	550+	620+
MORTGAGE RENTAL HISTORY	1x30x12	1x30x12	0x60 up to 0x120	1x30x12
BK/FC SEASONING	48 months	36 Months	0-24 Months	36 Months
MAX DTI	43% standard (expanded to 50%)	50% standard	43% standard (expanded to 50%)	DSCR < 1.0 and No DSCR available
MONTHLY INSURANCE	None	None	None	None
RESIDUAL INCOME	$2,500 + $150/dependent	$2,500 + $150/dependent	$1,500 + $150/Dependent	Not Required
RESERVES	6, 9, or 12 months based on loan size	6 Months	3 Months	3 Months
LTVS UP TO	90% purchase/rate-term 80% cash-out	80% purchase/rate-term 75% cash-out	80% purchase/rate-term 70% cash-out	85% purchase/rate-term 75% cash-out
MAX LOAN AMOUNT	$3.5 million	$2 million	$1.5 million	$3 million
REFI CASH-OUT MAX	$1M	$500K	$500K	$1M

 

OTHER PARAMETERS	Prime Advantage	Flexible Advantage Plus	Flexible Advantage	Investor Advantage
ARM PRODUCTS	5/6, 7/6 5/6, 7/6 interest-only	5/6, 7/6 5/6, 7/6 interest-only	5/6, 7/6 5/6, 7/6 interest-only	5/6, 7/6 5/6, 7/6 interest-only
INELIGIBLE STATES	Not available in MA and NH**	FA: MA (WV: no interest-only) NY: Max Conf Balance + $1 NY: CEMA not allowed	MA (WV: no interest-only) NY: Max Conf Balance + $1 NY: CEMA not allowed**	MA No interest-only in WV**
QM FEES	Limited to Sect. 32, 5% limit	Limited to Sect. 32, 5% limit	Limited to Sect. 32, 5% limit	Limited to Sect. 32, 5% limit