ALL NON-QM PROGRAMS 2 OF 2:

Foreign National Home Loans

Maximum LTV of 70%

Maximum LTV of 65% for cash out

No Foreign or U.S. credit needed

This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. This is a DSCR program with a 1:1 ratio on cash flow. This means that this loan is incredibly easy to do – no income or U.S. credit required to qualify.

Minimum loan amount of $75,000
Maximum loan amount of $1.5 million
A DSCR program with a 1:1 ratio on cash flow
Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days
12 months reserves required and must be in a U.S. bank
ACH auto-payment is required
No sanction listed countries allowed and will not lend in Osceola County
Cannot reside in the United States
Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
No gift funds allowed

SmartEdge

An attractive jumbo mortgage for those who are unable to secure traditional lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.

SmartEdge provides non-traditional features and flexible guidelines such as alternative income qualification and interest-only payments.
This loan product is attractive jumbo mortgage option for those who are unable to secure lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.

Key Features and Benefits:
For borrowers who don’t qualify for standard jumbo loans

Credit scores as low as 660 FICO
Up to $3 million loan amounts
Can have one late mortgage payment over the last 12 months
DTI up to 50%
30-year fixed-rate and 30-year interest-only fixed rate terms available
5/6, 7/6, 10/6 ARMs with interest-only options

SmartSelf

A smart option for self-employed borrowers seeking the home financing they need and wish to use bank statements to qualify.

SmartSelf allows self-employed individuals to use 12 or 24 months’ personal or business bank statements to support their income in qualifying for a mortgage.

Key Features and Benefits:

For borrowers who can support their self-employed income with bank statements
Income is calculated by averaging deposits shown on bank statements
Up to $3 million loan amounts
Can have one late mortgage payment over the last 12 months
30-year fixed-rate and 30-year interest-only fixed rate terms available
5/6, 7/6, 10/6 ARMs with interest-only options
SmartSelf is a smart option for self-employed borrowers seeking the home financing they need and wish to use bank statements to qualify.

SmartVest

A smart option for experienced real estate investors with complex finances. Finance your next investment property owned for business purposes.

SmartVest offers investment property financing with flexible guidelines and attractive non-qualified mortgage features such as interest-only options.

Key Features and Benefits:

For borrowers who are experienced real estate investors looking to purchase investment properties
Income used to qualify based on cash-flows from property owned
Up to 20 financed properties allowed
No tax returns or tax transcripts required
No debt ratio calculation required
30-year fixed-rate and 30-year interest-only fixed rate terms available
5/6, 7/6, 10/6 ARMs with interest-only options

SmartVest is a smart option for experienced real estate investors with complex finances. Finances your next investment property owned for business purposes.

Investor Cash Flow

Credit scores starting at 600

Up to 80% LTV

Investor Cash Flow mortgage program allows your clients to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns.