Enhanced Loan ProgramsEnhanced Loan Programs€¦ · Up to 95% LTV on Primary, 90% LTV on 2nd Homes...
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SP I10 Inve$tor Debt Service Coverage • Min DSCR 115% of PITIA • Max Loan Amount $3M • Up to 70% LTV • 1-4 Units, Warrantable and Non-Warrantable Condos • Gifts permitted • Foreign Borrowers permitted Inve$tor Series SP C1 Conventional Agency Agency Series • Up to 95% LTV on Primary, 90% LTV on 2nd Homes • Up 85% LTV on Investment properties • Loan Amounts to Fannie Mae limits • Max cash-out $250K • Max DTI 50% • MI required on loans over 80% LTV SP E1 Premier Jumbo Full Doc • 90% LTV to $1M • Max Loan Amount $3M • Max DTI 43% • Cash-Out Refis to 60% LTV • No MI • Primary, second home and investment properties Premier Series New Program Overview 061620 Enhanced Loan Programs Enhanced Loan Programs Ready To Help You Grow Grow your volume with loan programs designed for today’s market Loan programs engineered to serve the needs of your Non-QM borrowers. With interest rates at or near historic lows, there is tremendous demand for conforming loans. We are fully prepared to meet that demand. • Up to 85% LTV • Sprout’s Bank Statement Desk optimizes income prior to underwriting • CPA P&L statement not required • Other income acceptable • Up to 85% LTV • 1 year Income Documentation • Foreign Borrowers permitted • Up to 80% LTV • Asset Depletion Factor of 60 months • 100% Depletion of qualified assets • Other income acceptable • Foreign Borrowers permitted SP A10 Select Bank Statements or 1099 SP A11 Select Asset Optimizer SP J10 Select Jumbo Full Doc Select Series • Primary, second homes, investment and business purpose properties • Max Loan Amount $4M • Cash-outs to $3M • Interest Only option • Up to 50% DTI • Gifts permitted • Min 660 credit score* * Min 680 credit score in NY M y e n e e w S l e a h c i , A e v i t u c e x E t n u o c c |( 1 5 0 8 - 0 2 6 ) 8 2 8 m m o c . e g a g t r o m t u o r p s @ y e n e e w s . l e a h c i L 0 9 4 9 . 6 2 7 . 4 4 8 k s e D o i r a n e c S n a o
Transcript of Enhanced Loan ProgramsEnhanced Loan Programs€¦ · Up to 95% LTV on Primary, 90% LTV on 2nd Homes...
SP I10Inve$tor Debt Service Coverage
• Min DSCR 115% of PITIA• Max Loan Amount $3M• Up to 70% LTV• 1-4 Units, Warrantable and Non-Warrantable Condos• Gifts permitted• Foreign Borrowers permitted
Inve$tor Series
SP C1Conventional Agency
Agency Series
• Up to 95% LTV on Primary, 90% LTV on 2nd Homes• Up 85% LTV on Investment properties• Loan Amounts to Fannie Mae limits
• Max cash-out $250K• Max DTI 50%• MI required on loans over 80% LTV
SP E1Premier Jumbo Full Doc
• 90% LTV to $1M• Max Loan Amount $3M• Max DTI 43%
• Cash-Out Refis to 60% LTV• No MI• Primary, second home and investment properties
Premier Series
New Program Overview 061620
Enhanced Loan ProgramsEnhanced Loan ProgramsReady To Help You Grow
Grow your volume with loan programs designed for today’s market
Loan programs engineered to serve the needs of your Non-QM borrowers.
With interest rates at or near historic lows, there is tremendous demandfor conforming loans. We are fully prepared to meet that demand.
• Up to 85% LTV• Sprout’s Bank Statement Desk optimizes income
prior to underwriting• CPA P&L statement not required• Other income acceptable
• Up to 85% LTV• 1 year Income Documentation• Foreign Borrowers permitted
• Up to 80% LTV• Asset Depletion Factor of 60 months• 100% Depletion of qualified assets• Other income acceptable• Foreign Borrowers permitted
SP A10Select Bank Statements or 1099
SP A11Select Asset Optimizer
SP J10Select Jumbo Full Doc
Select Series
• Primary, second homes,investment and businesspurpose properties
• Max Loan Amount $4M
• Cash-outs to $3M
• Interest Only option
• Up to 50% DTI
• Gifts permitted
• Min 660 credit score*
* Min 680 credit score in NY
M yeneewS leahci , A evitucexE tnuocc | ( 1508-026 )828m [email protected]
L 0949.627.448 kseD oiranecS nao
