Jumbo & Non-QM Highlights
NEW - “D/U” Jumbo Programs with Interest Only Option
- As low as $0 reserves, per D/U findings to 90%
- Up to 45% DTI to 80% LTV
- Follow D/U findings for Income & Reserves
- Interest Only 75% to $2,000,000 (qualify with 20 year amortization)
Ruby Tuesday - 7 & 10 Year ARM’s from 2.250%
- For your most rate sensitive borrowers
- Primary Residence Only
- Loan amounts to $2,500,000
- Max 43% DTI - Cash out max 38% DTI
VIP - Bank Statements I/O 40 Year Amortization to $4.0M
- No P&L required, simple one expense ratio applied
- No CPA letters needed
- Up to 55% DTI by exception
- Loan amounts to $4,000,000 @ 70% LTV
- 85% LTV to $1,500,000 with Interest Only Option
- Hi-Rise condo’s OK & Fannie limited condo review OK!!
Select - Interest Only Jumbo Fixed from 3.250%
- Interest Only Option first 10 years
- 50% DTI OK w/720+ FICO
- 100% gift OK to 80% to $1.5M
- 1 appraisal to $2MM on purchase transactions
- Combine with Asset Depletion – see below
- Up to 10 financed properties (by exception only)
Select - Asset Depletion to $2M from 3.375% - Interest Only Option
- 30-year fixed with Interest Only Option
- OK to use IRA’s if under 59.5 years old
- OK to use stocks, bonds and other liquid assets
- Up to 50% DTI with 720+ FICO score
- 6 Mo. delayed financing treated as R/T – All cash-out OK
- Combine asset depletion with regular W-2, retirement etc., OK
I-VIP - No Doc DSCR Non-Owner from 3.99%
- 80% to $1,500,000
- Interest Only payments and qualifying
- 30-year fixed with first 10 years Interest Only
- Loan amounts to $3MM+
- DSCR as low as .75