LenderMAC

 

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

~100% gift fund & reserves allowed all occupancy, 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

~Borrower with 3 fico scores, waive minimum tradeline requirement

~Originate Non-QM investment/business purpose loans without licenses

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

 

For DSCR Program:

 

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

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

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

~Recent purchase cash out, no title seasoning required

~Foreigner and F1 student visa – eligible