First Lien Non-QM

Loan Purpose

  • Purchase

  • Rate/Term Refinance

  • Cash-Out Refinance

Loan Product

  • 30 Yr. Fixed

  • 5/1 ARM

  • 7/1 ARM

  • 10/1 ARM

Loan to Value (“LTV”)

  • Up to 85% on Primary Residence

  • Up to 80% on Second Home and Investment Properties

Minimum Property Value

  • N/A

Minimum Loan Amounts

  • $150,000

Maximum Loan Amounts

  • $2,500,000*

*Larger loan balances are only permitted on an exception basis-requires Invigorate Scenario Desk review.

Eligible Property Types

  • Single Family Residence (SFR)

  • 2 to 4 Family (Primary & Investor)

  • Warrantable Condominiums (FNMA guides)

  • Townhomes

  • No mixed use

Property Locations

  • Major MSA’s and secondary markets

  • No Rural Properties (as designated on appraisal)

Eligible Borrowers

  • U.S Citizens/Permanent Resident Aliens

  • Non- Permanent Resident Aliens

  • Foreign Nationals

  • Inter Vivos Revocable Trusts

  • Illinois Land Trusts

Documentation

  • 12 & 24 Month Bank Statement Program Complex & Self Employed Guidance

Minimum Credit Score

  • 660