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Product Updates In Case You Missed It

It is going to be a busy Summer with a booming purchase market. Inventory is still tight but borrowers are out there wanting a quick close. As you know, guidelines are tighter to qualify under Fannie Mae and Freddie Mac making non-QM an essential tool to offer. 

Our most recent updates make our non-QM products even more competitive and flexible so when Agency won’t work we can quickly pivot to another loan product with no delays.

Product Update Highlights:

  • Lowered rates for Bank Statement loans
  • Changed seasoning requirement to TWO years out of foreclosure, bankruptcy, short sale, or deed-in-lieu for Bank Statement loans
  • NO DSCR with 700 FICO and LTV of 75% or under for Investor Cash Flow loans
  • Full doc Portfolio Select now goes to 90% LTV and ONE year out of foreclosure.
  • Second home full doc loans now go to 85% LTV

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