QM Products

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CONVENTIONAL

  • Maximum loan amount: $647,200 (or county maximum for high balance areas)

  • Minimum credit score: 620

  • DTI: 50% with AUS approval

  • Minimum down payment: 3%

See Full Guidelines
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FHA

  • Max Loan Amount: $647,200 to Max County Limits

  • MAX DTI: 55%

  • Down Payment: 3.5%

  • Credit Score: 640 with approval & 640 FHA streamline

See Full Guidelines
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USDA

  • Max Loan Amount: Determined by DTI

  • DTI: 41% or higher if approved by GUS, maximum 50%

  • Down Payment: None

  • Credit Score: 640 Purchase & 640 Refinance

See Full Guidelines

Non-QM Products - currently suspended

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Non-QM

  • LTVs: up to 90%

  • Loan amounts: Between    $100k -$1.5mm

  • FICOs: down to 500

  • DTI: up to 50%

  • Unlimited number of  financed properties

  • Cash Out Options

  • 1 Year out of Bankruptcy

  • 1 Day out of Short sale/Foreclosure

  • Can close as Corporation or LLC

  • Non-Warrantable Condos Allowed

See Full Guidelines
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Income Express

  • 12 or 24-month personal bank
    statements

  • Loan Amounts:
    Between $100k - $1.5mm

  • LTVs: up to 90%

  • FICOs: down to 580

  • DTI: up to 43%

  • Unlimited number of
    financed properties

  • Non-Warrantable Condos

  • Cash Out Options

  • Investment properties can
    close as Corporation or
    LLC

See Full Guidelines
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Foreign National

  • LTVs up to 75% For Purchase or R/T

  • LTVs up to 70% For Cash Out

  • Second Home Or Investment Property

  • Loan amounts: Between    $100k -$1.5mm

  • No FICO Score Required

  • DTI up to 50% or No Ratio at DSCR ≥ 1.15

  • 2-4 Unit and Non-Warrantable Condos Allowed

 

 

See Full Guidelines