We also offer non-traditional (non-QM) portfolio loan programs that allow special circumstances for purchase and re-finance for Primary Residence, Second Homes, and Investment Properties:
- Gift funds allowed (even for investment properties!)
- Interest only option
- Non-warrantable condos
- Condotels
- Asset Depletion
- Loan amounts between $100,000 and $3 million for purchase and refinance
- Major derogatory events (BK, foreclosure) allowed after 4 years and down to 2 years with exceptions
- DTI > 43% and < 50%
- Up to 15 properties financed
- Foreign income and assets allowed with restrictions
- Non-occupant co-borrower allowed
- Projected income without a guaranteed non-revocable contract
- Gaps of employemne toutside of QM requirements (exception basis only)
- Investment purchase transactions using rental income with no lease agreements
- Departure residence excluded from debt-to-income ratio when the property is not listed for sale or leased to rent at the time of the subject transaction
- RSU income allowed
- Bank Statement only (coming soon)