As a realtor professional in the Miami area, you know the competition is fierce—Miami is a vibrant market that is continuously growing and evolving. The agents with the best professional network supporting them always have an edge. We want to give you that edge.
- FHA
- Conventional
- VA
- Jumbo
- Private
12 Month Bank Statement: OO + Second Home or Investment properties
- Loan amount: $100,000 - $4,000,000
- 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO (30YR term)
- FICO: 680+
- LTV: 90% purchase/ 85% RT refi/ 80% CO refi
- Reserves: 6 months for over 75% LTV/ 12 months over 85% LTV
- Must be self-employed 2+ years
Debt Service: NOO
- Loan Amount $100,000 - $2,000,000
- 5/1 ARM, 7/1 ARM, 30YR Fixed, 5YR IO (30YR term), 10YR I/O(fixed 40 year term)
- FICO: 680+
- LTV: 80% purchase/ 80% RT refi/ 75% CO refi
- No income/employment verification
Foreign Nationals
- Loan amount $100,000 - $2,000,000
- LTV: 70% purchase/ 65% refi
- DSCR to qualify: Subject rent (or 1007)
ITIN
- Loan amount $100,000 - $1,000,000
- LTV 75% purchase/ 70% refi
- Full Doc, Bank statement, or DSCR
Multi Family 5-24 Unit properties
- Loan amount $250,000 - $3,000,000
- 70% Max LTV Purchase & Refinance
- Minimum 1.00 DSCR Ratio
- Terms 30 year fixed or 5 year I/O & 25 years Fully Amortized
- Must Close in An Entity
- 6.999 Floor rate
ATR in Full (Ability to Repay)
- No employment/income requirement
- No DTI requirement
- Only assets needed to cover loan balance
- Only 2 months of bank statements required
- No withdrawals last 2 months with qualifying account
Asset Depletion: (Can be combined with any program to bring down DTI)
- Asset divided by the term of the loans fixed months, end result is used as extra monthly income.
- 100% of liquid assets
- 50% of investment accounts/ taxable accounts
WVOE Only
- -Income Docs: WVOE Only
- -Max 80% LTV
- -OO Only
- -Min 24 month rent or MTG history
- -No FTHB
- -Property Types: SFR/Condo/Townhome (No rural or units)
- -Borrower cannot be employed by a family member
1099 Only
- Income Docs: Most recent two years 1099s & Most recent two months bank statements to show recent deposits supporting income showing on the 1099s for YTD
- Max 80% LTV
- OO Only
- No FTHB
- Property Types: SFR/Condo/Townhome (No rural or units)
P&L:
- Income Docs: CPA prepared P&L on CPA’s letterhead (Must cover most recent two years as well as YTD for the business) & Most recent two months bank statements to show deposits supporting the income showing on the P&L
- Qualifying Income is calculated by dividing the net profit on the P&L by the number of months covering the period on the P&L
- Max 80% LTV
- OO Only
- No FTHB
- Property Types: SFR/Condo/Townhome (No rural or units)