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Product EA Core  EA Plus
Summary For the self-employed borrower with more expansive features allowed, such as a prior credit event, higher DTI, non-warrantable condo For the self-employed borrower with prime or near prime credit because they take extensive tax deductions
Target Borrowers Minimum 580 FICO with a recently settled house event or a BK settled more than 12 months seasoned. Higher credit borrower with a minimum 661 FICO with no credit event or a 4-year seasoned credit event
Products 30-yr Fixed, 30yr IO Fixed, 5/1 ARM, 5/1 IO, 7/1 ARM, 7/1 IO
40yr IO Fixed Rate, 40yr IO ARM
30-yr Fixed, 30yr IO Fixed, 5/1 ARM, 5/1 IO, 7/1 ARM, 7/1 IO

40yr IO Fixed Rate

MAX Loan Amount $3.0M $2.5M
Min FICO 580 680
Max LTV Up to 90% (purchases), varies depending on credit event and FICO Up to 85% (purchases), Max 75% LTV for Florida condo
Cash Out Yes with additional LTV adjustments for FICO and cash-out amount Yes with minimum 700 FICO, Max $2.0M
Housing History Recent: 0x90x12

Seasoned:0x60x12

Recent: 0x30x12
Bankruptcy As little as 12 months discharged 4+ years seasoned
Income Doc 12/24 mo Personal or Business Bank Statements 12/24 mo Personal or Business Bank Statements
Business Ownership Requirements Minimum of 2 years existence and 50% ownership stake Minimum of 2 years existence and 50% ownership stake
Non- Warrantable Condo Yes Yes
Calculating Monthly Income Use the SG Capital Bank Statement Calculator
Provide LOE for any unusual deposits, declining income or other outlier activity
Fill out the Bank Statement Submission Form
Look for options for supplemental income to add to Monthly
Use the SG Capital Bank Statement Calculator
Provide LOE for any unusual deposits, declining income or other outlier activity
Fill out the Bank Statement Submission Form
Look for options for supplemental income to add to Monthly
Qualifying Income from calculator
Marketing Tips: • Lower credit borrowers allowed (min 580 FICO).
• Self-employed borrower with large tax deductions
• Target local business owners and service providers
• No CPA prepared P&L required
• Recent housing delinquencies, FC/SS/DIL & BK allowed
• High FICO borrower with good credit or a credit event between 4 and 7 years seasoned.
• Self employed borrower with large tax deductions
• Target local business owners and service providers
• No CPA prepared P&L required
Operational Tips: • Do NOT include Tax Returns!  If Tax returns are included in the underwriting packet, then the loan will be considered as a full doc rather than a bank statement loan.
• Provide as much information about the business as possible to help underwriters evaluate cashflow
• Allow a minimum of 2 extra days processing of due diligence to review the bank statement calculation
• Do NOT include Tax Returns!  If Tax returns are included in the underwriting packet, then the loan will be considered as a full doc rather than a bank statement loan.
• Provide as much information about the business as possible to help underwriters evaluate cashflow
• Allow a minimum of 2 extra days processing of due diligence to review the bank statement calculation

SG Capital:

Susan Menkhaus Jaffe
Direct: 203-355-6141
Email: [email protected]

Contact info:

Patricia Lantz
337-412-7096
[email protected]

SG Scenario desk:

Phone: 203-355-6190
[email protected]

Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

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Bank Statement Flyer

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