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- Super Jumbo programs
- 20% down to $1,100,000 loan amount
- 25% down to $2,000,000 loan amount
- 30% down to $5,000,000 loan amount
- ARM and Fixed products available
- Foreign National
- 50% max LTV
- Alternate credit sources and/or credit report from county of origin.
- 2 yrs and ytd income documentation from country of origin
- must be accompanied by a CPA or equal letter in English
- Verified funds in a known verifiable financial institution.
- Expanded property types (all case by case)
- Unlimited acreage
- Non Permitted Improvements
- Hobby Farms, orchards, vines, outbuildings
- Condo projects are not required to meet Freddie/Fannie guidelines
- High rise condos
- High end loft units
- Luxury condo-tel’s
- Cross collateralization
- HOA not released from builder
- Asset Depletion Underwriting
- Current value of money assets
- 5% rate amortized over the lesser of 30yrs and the number of years between current age and age 85
- Assets verified not pledged
- EXAMPLE: $2,000,000 in assets and age 65. $13,199 per month additional assets to qualify the loan.
- Pledged Asset Program
- Up to 90% financing with No MI
- Any family member may pledge assets on behalf of a borrower
- Ability to defer capital gains tax by keeping the investment strategy in place and continually benefiting from interest, dividends, and investment appreciation.
- Pledged assets may be kept with brokerage firm of choice, as long as certain pledge account requirements are met. Trading is allowed in the pledged account
- Eligible assets include stocks, bonds, mutual funds, CDs, money market, savings, and others.
- EXAMPLE:
- Purchase price $1,000,000
- Max LTV per matrix 75% $750,000
- Pledged Asset max LTV 90% = $900,000
- Difference $150,000
- Money accounts 1:1 pledge = $150,000
- Market Accounts 2:1 pledge = $300,000
- Vesting in Entities
- LLC, Partnerships, Trusts, Sub S, etc
- Loans must have a natural person as borrower
- Additional Niche
- Gift for down payment acceptable.
- No seasoning for cash recaptures.
- W2 to recent 1099 or self employed.
- Property currently listed but not sold.
- Rent survey ok to offset existing residence.
- 2 owner occupied residences.
- More than 4 financed properties.
- Business funds for down payment, acceptable.
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