WESLEND WHOLESALE - YOUR FASTER, EASIER, BETTER LENDING PARTNER!
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INVESTOR PROGRAM COMPARISON TOOL

INVESTOR
.
VIP
I-VIP
Loan Amount Range
.
​$200K-$3.0MM
​$200K-$3.0MM
.
.
.
.
.

​



.


First Time Investor
.
No
Yes w/$750K Max Loan Amount
Experienced Investor (12 Months Experience in Last 36 Months)
.
Required
Allowed < 12 Mo. with Restrictions​
Maximum LTV
.
75%
80%
Maximum Cash-Out
.
$750K
$1.0MM
Housing History Owner Occupied
.
Yes
Yes
Minimum FICO
.
660
620
Interest Only & Qualify at I/O?
.
Yes - Max 75%
Yes
Term Options
.
30 & 40 Year (I/O for first 10 Years)
30 & 40 Year ​(I/O for first 10 Years)
Short Term Rental (Air BnB)
.
Yes*
Yes*
Rural Properties
.
No
No
Unleased 1-4 Unit Purchase
.
Max 1 of 4 Units Unleased
Max 1 of 4 Units Unleased
Vacant Single Unit Refinance
.
Yes w/ Restrictions
Yes w/ Restrictions
Vacant 2-4 Unit Refinance
.
Yes (Max 1 Unit)
Yes (Max 1 Unit)
Vacancy Factor
.
None
None
ADU Accessory Unit Income (1-4)​
.
Yes
Yes
Elite Investor (5+ Rentals & 3 Loans over Last 3 Years)
​Rate Mortgage Only on Subject Property Rental
.
N/A
Yes
Bankruptcy
.
4+ Years
​OK, 12 / 24 / 36 Months
Reduce LTV 10% / 5% / 0%
Rent Higher than Appraiser Survey
.
3 Mo. Proof & Must be Reasonable
3 Mo. Proof & Must be Reasonable
Rent Loss Insurance
.
6 Months
6 Months
Financed Property Limit
.
None
None
Maximum Number of Loans We Fund to One Borrower
.
8
8
​Gift Funds Allowed
.
Yes (but not for reserves)
Yes (but not for reserves)
Mortgage Lates
.
​1x30x12
1x30x12  /  0x60x12
Primary Cannot be Listed for Sale
.
Yes
Yes
Listed for Sale Last 6 Months
.
Yes with 3-Year Pre-Pay
Yes with 3-Year Pre-Pay
4506
.
No
No
Disclose All REO's on 1003
.
Yes
Yes
Pre Payment Penalty Required
.
​1, 2, 3 or 5 Year
​1, 2, 3 or 5 Year
Minimum Reserves
.
6 Months to $1MM, 9 Months to $1.5M, 12 Months to $3MM
6 Months to $1MM, 9 Months to $1.5M, 12 Months to $3MM
Reduced Reserves
.
N/A
3 Month Reserve Reduction with 5% LTV Reduction
Reserves for Each Additional Financed Property
.
Yes (1 Month)
Yes (1 Month)
Cash Out as Reserves
.
Yes
Yes
Personal Guaranty for All
​Non-Individual Vesting
.
Yes
Yes
DSCR LEVELS***
0.750 to 0.99
1.00 to 1.09
1.10 to 1.14
​1.15+
.
No
No
Yes
​Yes
Yes
Yes
Yes
​Yes
​​Additional Notes
.
ELITE INVESTOR - No mortgage ratings on borrower's primary or other properties. Must own 5+ properties and 3 mortgages within past 3 years.
ELITE INVESTOR - No mortgage ratings on borrower's primary or other properties. Must own 5+ properties and 3 mortgages within past 3 years.
* with 12 months 3rd party history | ​*** Interest Only Loans May Qualify Using ITIA (vs. PITIA)
Documentation of receipts of rents (equal to lease agreement) for most recent 2-month period required.
New leases executed within 6 months of note date require documented receipt of security deposit and the most recent 3 month's rent.
MORE INFORMATION
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200 E. Sandpointe Ave., Suite 800, Santa Ana, CA 92707        818.793.6650
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This site is not intended for consumer use as defined under Regulation Z and is intended for approved brokers’ informational use only. Pricing and/or program parameters are subject to change without notice. The information on this site is not intended as an offer to extend credit nor a commitment to lend.  Products and services are not available to residents of states in which WesLend Financial is not licensed. WesLend Financial is not licensed in all 50 states.  See "Where We Lend" for additional licensing information about the company. WesLend Financial Wholesale is a service mark of Lenox Financial Mortgage Corporation. ©2023 Lenox Financial Mortgae Corporation, all rights reserved. NMLS #3304.

  • Home
  • Products
    • Asset Qualifier
    • Bank Statement
    • 1099 Income
    • Conventional
    • FHA / VA
    • Foreign National
    • Investor - DSCR
    • Jumbo Programs
    • TBD Address
  • Resources
    • Forms & Docs
    • Guidelines
    • TODAY'S RATE SHEETS
    • RATE ARCHIVES
    • Turn Times
    • Funding Calendar
    • Appraisal Services
    • Announcements >
      • Daily Commentary
    • Custom Flyers
    • Blog
  • About
    • Where We Lend
    • Contact
    • Privacy
  • Get Approved
  • Broker Login