High LTV Program

Designed for investors seeking a simple financing solution for purchase or refinance at a higher Loan to Value.

 Property Types, Terms & Rates

Property Residential 1-4: Multi-Family & Mixed-Use:
5-12 Units / Vacant Ok
Multi-Family & Mixed-Use:
13-25 Units / Vacant Ok
Multi-Family & Mixed-Use:
26+ Units / Vacant Ok
Occupancy Investment Property
Vacant Ok
Investment Property
Vacant Ok
Investment Property
Vacant Ok
Investment Property
Vacant Ok
Loan Amounts $100k – $3.5M $100k – $5M $100k – $5M $100k – $5M
Length 12-24 Months, Interest Only 12-24 Months, Interest Only 12-24 Months, Interest Only 12-24 Months, Interest Only
Purchase LTV 80% 80% 75% 75%
Refinance LTV 70% Not Available Not Available Not Available
FICO 620-650 Add .75 BPS to rate
651-679 Add .50 BPS to rate
620-650 Add .75 BPS to rate
651-679 Add .50 BPS to rate
620-650 Add .75 BPS to rate
651-679 Add .50 BPS to rate
620-650 Add .75 BPS to rate
651-679 Add .50 BPS to rate

 Underwriting Parameters

Appraisal Required Prepay 3 Months
Condo Permitted; No non-warrantable Condos
Resale / Deed Restrictions No Consideration, title held in personal name
States not available for this program ND, SD, AK

 Case by Case Scenarios 

Subordinate Financing Generally not permitted; Exceptions case by case
Bankruptcy Chapter 7, 11, 13: Not Permitted; Case by case exceptions with 5 years of re-established credit
Collections / Charge Offs Permitted with explanation
Judgements / Liens Must be paid at closing with explanation
Foreclosure   Case by case with 5 years of re-established credit
Seller Carry Back Financing   Generally not permitted; Exceptions on case by case

Ineligible Scenarios 

Ineligible Borrowers Loans with title or interest held in various forms/legal entities such as personal names, Life Estates, Non-Revocable
trusts, Guardianships, are not eligible
Ineligible Properties Manufactured homes, Co-ops, Land Contracts, Boarding houses, Bed & breakfast properties, Properties that are not
suitable for year-round occupancy regardless of location, Agricultural properties, such as farms or ranches, Properties
that are not readily accessible by roads that meet loan standards, Vacant land or land developments, Properties
serviced by hauled water and State-approved medical marijuana producing properties, and water sourced by a river
are not eligible, Hawaiian Properties in Lava Zones 1 and 2.
Ineligible Transactions Short-Sale / Pre Foreclosure / Deed in Lieu of Foreclosure