MAJOR Enhancements to Non-QM & DSCR!

NEW EXPANDED GUIDELINES ON DSCR!

• DSCR ≥ .75 Now Available with a 660 Minimum Credit Score on DSCR
• Only 3 Months Ownership Required for Cash-Out and to Use Current Appraised Value
• Up to 10 Acre Properties Now Allowed
• 5% LTV Reduction for Rural Properties – Up to 75% LTV Possible

NEW EXPANDED GUIDELINES ON FULL + ALT DOC NON-QM!

• Up to 80% LTV on Non-Owner Occupied Cash-Out
• Use 100% Gift Funds up to 80% LTV on Primary Residences & Second Homes
• True Blended Ratios Allowed at 80% LTV for Non-Occupant Co-Borrowers
• Use 80% of Rental Income to Offset the Lease on a Departure Property
• Up to 75% Max LTV on Rural Properties
• Only 3 Months Ownership Required for Cash-Out and to Use Current Appraised Value
• Restrictions Eased for First Time Homebuyers
• Increased Flexibility for 1099 Income