LenderMAC

All Our Non-QM Product Niches: Full Doc, WVOE, P&L, Bank Statement, 1099 & DSCR

~ Loan amounts up to 1 million and LTV up to 75%, NO reserves required

~100% gift fund allowed even for investment, reserves wire directly to escrow

~Only need 30 days asset, 1 mo. bank statement or VOD, NO sourcing large deposits

~Recent purchase without seasoning, rate/term use current market value

~SFR with multiple ADUs & units with multiple ADUs eligible

~Waive minimum tradeline requirement for borrowers with 3 fico scores

~Originate All Doc types NQM investment/business purpose loans without licenses

~Cash out transactions, no cash to hand (net proceeds) limit

~Properties listed for sale withdraw less than 6 months - cash out eligible

Additional for DSCR Program:

~FTHB, first time investor living rent free, no housing history rating required

~Rate/term and cash out, vacant property okay, use 1007 rent for ratio

~Recent purchase cash out, no title seasoning required

~Foreign national and F1 Student Visa eligible

ITIN: Full Doc, WVOE, P&L only, bank statement and 1099  

HELOAN and HELOC: Full Doc, WVOE, P&L, bank statement, 1099 and DSCR