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For borrowers who need to keep control of their cash flow and keep costs low in the short term. Small business owners, investors and those whose income relies heavily on bonuses or commission checks should consider the Interest-Only Program.

Correspondent Non-Delegated

NewRez - SmartTrac

• Max 50% DTI
• Max 85% Purchase LTV
• Max 80% Cash out LTV
• 12 months seasoning for derogatory credit event
• Minimum Fico 620

NewRez – SmartSelf & SmartSelf Plus

• Max LTV 90% for Purchase
• Max LTV 85% for Cash out
• Max DTI 50%
• Minimum FICO 620

NewRez – SmartEdge & SmartEdge Plus

• Max 95% Purchase LTV
• No MI
• Max 50% DTI
• 4 years Derogatory Credit Seasoning
• Minimum FICO 620

NewRez – SmartVest

• Max 80% LTV for Purchase
• Max 75% LTV for Cash Out
• DTI is not Calculated
• 4 year seasoning or Derogatory Credit
• Minimum FICO 620
• Up too 20 properties

NewRez – SmartFunds

• Max LTV 90% for Purchase
• Max LTV 85% for Cash out
• DTI is not Calculated
• Minimum FICO 680

NewRez – SmartCondo

• Max LTV 90% for Purchase (80% for condotel)
• Max LTV 80% for Cash out (Not Permitted for condotel)
• Max DTI is 45%
• Minimum FICO 660 (680 for Condotel)

Deep Haven - Near Prime

• Mid to High Fico borrower
• Self employed can utilize personal bank statements or business bank statements)
• P&L used for business bank statements can be borrower prepared or can use CPA prepared Expense Ratio
• 50% DTI standard and up to 55% Enhanced with certain criteria and Full Doc

Deep Haven – Non Prime

• Lower to High Fico borrower
• Self employed can utilize personal bank statements or business bank statements
• P&L used for business bank statements can be borrower prepared or can use CPA prepared Expense Ratio
• Standard DTI 43% and up to 50% with 620 Fico. 55% Enhanced ratio available with certain criteria and Full Doc

Deep Haven – Investor Advantage

• Business Purpose / Investment Properties only intended for professional investment property owners.
• Mid to High Fico borrower
• No Personal Income or Employment listed on 1003
• Qualifying Ratio is based on Debt Service Coverage Ratio (DSCR) of the subject property only; DSCR >1.15 or DSCR<1.15 • No Reserves required • Title can vest in name of LLC • First Time Investor is allowed at Lower LTV (70% Max) • Must have a primary residence

Deep Haven – Foreign National

• Foreign Nationals who are in the U.S. legally • BK/FC/DIL/SS seasoning >24mos
• Borrower’s may be considered if No SSN or ITIN
• Second Homes and Investment properties, 1-4 family
• Minimum Tradelines requirement can be met with Qualifying Foreign Credit or in combination with U.S. credit.
• Full Doc Income qualifying for Second homes
• Max DTI 50% for second homes
• Debt Service Coverage Ratio (DSCR) allowed for Investment properties

Broker Non-Delegated

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