Non-QM: Expanded Prime | Near-Prime | Non-Prime | Investor Advantage | Foreign National

Expanded Prime

non-prime products pcf wholesale

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Highlights*

  • Up to $2.5M loan amounts
  • Min FICO 660
  • Up to 90% LTV
  • DTI up to 50% (43% standard, 50% enhanced)
  • Primary & 2nd Home
  • No PMI
  • Cash-out up to $1M
  • 5/1, 7/1 ARM, and 30 year Fixed
  • Full Doc, 12 & 24 mos Personal Bank Statements
  • 12 & 24 mos Business Bank Statements + Customer created P&L
  • 4 year seasoning: Foreclosure / Short Sale / Deed In Lieu
  • Chapter 7 discharge | Chapter 11, 13 discharge or dismissal
  • 6-12 months reserve requirement, see matrix for details
  • Standard Residual Income Requirements: $2,500 / month + $150 / dependent

    * See product matrices for all details | Products subject to change without notice.

Near Prime

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Highlights*

  • Up to $3M loan amounts
  • Min FICO 620
  • Up to 95% LTV (2nd Home & Investment: 85% max LTV)
  • DTI up to 55% (50% standard, 55% enhanced) | Investment: 50% max DTI
  • Primary, 2nd Home & Investment Properties
  • No PMI
  • Cash-out up to $1M (Investment: $500K max)
  • 5/1, 7/1 ARM, and 30 year Fixed
  • Full Doc (1 or 2 year)
  • 12 & 24 mos Personal or Business Bank Statements
  • 3-year seasoning: Foreclosure / Short Sale / Deed In Lieu / Loan Mod / BK discharged: 7, 11, 13
  • Mortgage History: 1x30x12
  • Standard Residual Income Requirements: $2,500 / month + $150 / dependent | Investment Properties: No Residual Income Requirements
  • 6-12 months reserve requirement, see matrix for details

    * See product matrices for all details | Products subject to change without notice.

Non-Prime

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Highlights*

  • Up to $2.M loan amounts
  • Min FICO 500 (Investment: Min FICO 580)
  • Up to 90% LTV (2nd Home & Investment: 80% max LTV)
  • DTI up to 55% (Investment: 50% max DTI)
  • Primary, 2nd Home & Investment Properties
  • No PMI
  • Cash-out up to $500K
  • 5/1, 7/1 ARM, and 30 year Fixed
  • Full Doc (1 or 2 year)
  • 12 & 24 mos Personal or Business Bank Statements
  • 3-12 months reserve requirement, see matrix for details

    * See product matrices for all details | Products subject to change without notice.

Investor Advantage

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Highlights*

  • Up to $2.M loan amounts
  • Min FICO 620
  • Up to 80% LTV
  • Investment Properties only
  • No Income, No Ratios & DSCR (Better pricing!)
  • No PMI
  • Cash-out up to $500K
  • 3/1, 7/1 & 10/1 ARM
  • SFR, PUD, Townhome, Condo, Non-Warrantable (75% max LTV), 2-4 Unit (75% max LTV)
  • Mortgage History: 1x30x12
  • No Reserve Requirements
  • No Residual Income Requirements
  • Interest Only available
  • Prepayment penalty (3 years) with ability to buy down (2 / 1 / 0 years)
  • DSCR = Gross Income / PITIA; gross income = lesser of market rent or lease in place

    * See product matrices for all details | Products subject to change without notice.

Foreign National

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Highlights*

  • Up to $1.5.M loan amounts
  • Purchase & R/T to 75% LTV to $1M | 70% LTV to $1.5M
  • Cash-out to 70% LTV to $1M | 65% LTV to $1.5M
  • No PMI
  • Full Doc, Asset Depletion available on Purchase & R/T | Investments: No Income, No Ratios or DSCR
  • Up to 50% DTI with 12 mos reserves
  • SFR, PUD, Townhome, Condo (Warrantable & Non-warrantable), 2-4 Unit
  • No Residual Income Requirements
  • 3/1, 7/1, 10/1 ARM
  • Mortgage History: 1x30x12
  • Credit: Standard: 3 tradelines reporting for 24+ mos all w/ activity in the last 12 mos | Foreign credit references
  • Interest Only available
  • 2-year seasoning: Foreclosure / Short Sale / Deed In Lieu / Loan Mod / BK discharge: 7, 11, 13
  • Standard Reserve Requirements: Full Doc = 12 Months | No Income, No Ratios = No reserve requirements | DSCR = No reserve requirements
  • Prepayment penalty (3 years) with ability to buy down (2 / 1 / 0 years)
  • DSCR = Gross Income / PITIA; gross income = lesser of market rent or lease in place

    * See product matrices for all details | Products subject to change without notice.