Finally, true investor loan programs with rates closer to prime than hard money. Buyers may be able to qualify based on the cash flow of other investment properties, rather than personal income.
Broker Non-Delegated
Angel Oak - PORTFOLIO SELECT
• Perfect for Borrowers with High Net Worth and Significant Assets
• No other income required
Angel Oak - INVESTOR CASH FLOW
• No Income/No ratio program designed for investors.
• Program qualifies using the cash flow of the subject property only
Sprout Mortgage – Premier Jumbo E1
• 90% SFR Purchase to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• No MI on any product
Sprout Mortgage – Jumbo Prime (J10)
• DTI up to 50%
• Non-Warrantable/Condotel OK
• 3 months reserves up to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• Foreign Nationals permitted
• No MI on any product
Sprout Mortgage – Standard Bank Statement A10
• DTI up to 50%
• Non-Warrantable/Condotel OK
• 3 months reserves up to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• No MI on any product
Sprout Mortgage – Asset Optimizer (A11)
• DTI up to 50%
• Assets do NOT need to be liquidated or tied to the mortgage
• Non-Warrantable/Condotel OK
• 3 months reserves up to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• Foreign Nationals permitted
Sprout Mortgage – Debt Service Coverage I10
• Investments only
• Non-Warrantable OK
• 3 months reserves up to $1M
• Cash-out can be used to meet reserve requirement
• Gifts OK
• 1x30x12 OK on mortgage
• 1 appraisal up to $1.5M
• Foreign Nationals permitted
Citadel - Investor
• On REFINANCE: borrower would need to provide the NOO rental agreement/s and the last 2 months bank statements showing the rental income being deposited into the borrowers account/s
• On PURCHASE: Appraiser provides a Rental Survey (1007) how much property might be rented; *Note that actual rents will be used if the property is currently occupied/verified
• If using I/O (interest only) NOO DSCR qualify off the first payment
• NO income verification, NO employment & NO income stated on the 1003
• WE can now use 100% of the 1007 RENT SURVEY to qualify for the NOO debt service program
• MAX LTV is 80 on PURCHASE and MAX 70 on REFI up to 1 MILLION
• MAX LTV is 75 on PURCHASE and MAX 65 on REFI up to 1.5 MILLION
• MAX LTV is 70 on PURCHASE and MAX 60 on REFI up to 2 MILLION
• Loan amount MIN $ 100,000 & MAX $ 2,000,000
• You can order the APPRAISAL from any licensed AMC you choose
• NO reserves up to 65 LTV
• Need 6 months reserves over 65 LTV (YES can now use cash out from the Citadel loan for reserves)
• Can NOW close in a Business Entity