Non-QM Loans

• Borrow up to $2.5 million
• Smart asset depletion guides – assets divided by 120 months
• 4 year seasoning for BK, foreclosure, short sale or deed in lieu
• One year income documentation OK for Self-Employed and basic W-2
• Credit Scores as low as 660, with exceptions down to 640
• No minimum trade line requirement with 3 credit scores, LTV < 75% and 24 month housing payment history
• LTV increased to 90% for Owner Occupied, 80% for NOO
• DTI up to 55% (purchase, rate & term)
• 12- and 24-month bank statement program

See Guidelines (.pdf)     Read More About Sequoia

• Borrow up to $2.5 million
• Multiple options to meet tradeline requirements
• 3-year seasoning for BK, foreclosure, short sale or deed in lieu
• Smart asset depletion guides – assets divided by 120 months
• One year income documentation OK for Self-Employed and basic W-2
• Relaxed housing payment history
• Reduced reserve requirements
• 12- and 24-month bank statement program

See Guidelines (.pdf)

• Designed for borrowers who have an investment property portfolio and need alternative means to qualify for a loan
• Qualification based on subject property Debt Service Coverage Ratio (DSCR)
  • DSCR = Gross Rent/PITI
  • 3 ways to qualify
    • DSCR >= 1.25
    • DSCR >= 1.15
    • No Ratio (not using subject property rent to qualify)
• Purchase or Rate & Term up to 80% LTV
• Cash out up to 75%
• Minimum credit score of 620
• 5/1, 7/1 & 10/1 ARMs
• Interest only available
• Prepayment penalties available 1-3 years
• Escrows are required
• No income or employment verification (cash to close must be verified)
• No reserve requirement

Investor Pro Guidelines (.pdf)   Investor Pro Plus Guidelines (.pdf)