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

PropertyResidential 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
OccupancyInvestment 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
Length12-24 Months, Interest Only12-24 Months, Interest Only12-24 Months, Interest Only12-24 Months, Interest Only
Purchase LTV80%80%75%75%
Refinance LTV70%Not AvailableNot AvailableNot Available
FICO620-650 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

AppraisalRequiredPrepay3 Months
CondoPermitted; No non-warrantable Condos
Resale / Deed RestrictionsNo Consideration, title held in personal name
States not available for this programND, SD, AK

 Case by Case Scenarios 

Subordinate FinancingGenerally not permitted; Exceptions case by case
BankruptcyChapter 7, 11, 13: Not Permitted; Case by case exceptions with 5 years of re-established credit
Collections / Charge OffsPermitted with explanation
Judgements / LiensMust 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 BorrowersLoans with title or interest held in various forms/legal entities such as personal names, Life Estates, Non-Revocable
trusts, Guardianships, are not eligible
Ineligible PropertiesManufactured 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 TransactionsShort-Sale / Pre Foreclosure / Deed in Lieu of Foreclosure