The following are our unique programs and advantages. If you come across something you do not understand while reading the descriptions, please ask the AI questions such as "What does LMI mean in a mortgage loan?" You can also find brief explanations at the bottom.

Signature Proams

Buy w/o sell first

Not available in Florida

12-15 month reserves required
Business License
Up to $3M
Commitment to sell current residence
Up to 55% DTI
Over 20% down payment

Available in the programs below
Apollo portfolio
Cronus jumbo
Onyx non qm ex[panded prime plus
Ultimate choice

40% down payment / No income doc

Only in Georgia

40% down payment
Over 680 FICO score
18 month reserves
No income doc, No tax doc
Up to $2, $3 or $10M
Foreigners OK

Bank Stmts

Income Verification via 12-Month Bank Statements (50% of Deposits Recognized)
10% Down payment (LMI Waiver Available in Certain Cases)
Up to $3M
DACA, ASYLUM, EAC OK
Over 680 FICO score

Cash (or Cash Equivalent) Purchase

Excluding Orange County, NY

Income Qualified by Dividing Cash and Liquid Assets by 60
(A $1M Balance Equivalent to $16,667 Monthly Income)
Over 30% down payment
Up to $3M
12 month reserves
Over 700 FICO score
Foreigners OK

Only one year business history

Onyl NY & NJ

One year history OK
FULL DOC / NO DOC
Over 35% down payment
Over 680 FICO score
Foreigners OK

Jumbo

Up to $10M for 65% down payment
$5M for 10% down payment (No MI)
Over 740 FICO score
DTI 43-49%
RSU, Restricted Stock units OK
Full Doc

Bank Stmts

90% LTV no MI to $3M
1yr self employed
Asylum, EAD & DACA ok
1st time buyer
Over 680
DTI 50%

Amazing Jumbo

NY, NJ

1er / 2nd
Foreigners ok
Up to $1.5M
80% LTV
Over 700
DTI 45%

Full doc

Celebrity Prime Jumbo

$800k-$3M
Low rate
Assets as income ok (1.5-5x)
680 with 80% LTV up to $2M
700 for purchase and refi, 720 cash out
740 with 20% down up to $#M
DTI 45%

Full doc, Low rate, FL only

Low rate
Full doc
Up to $1M
80% LTV, 75% cash out
Over 700
DTI 45%
1er / 2nd
Only available in FL counties below
Charlotte county
Desoto
Hillsborough
Lake
Manatee
Orange
Polk
Pinellas
Sarasota
Pasco

DSCR

Debt Service Coverage Ratio, when using the rental income from the property being purchased to qualify as income.

Up to $4M
25% down – no reserves, no sourcing large deposits
No reserves
Over 660
Short term rentals OK
5-8 units

NY, NJ, GA

P&L or VVOE,
7/6 ARM
Foreigners ok 50% down
75% LTV up to $2M, 70/2.5M
Counting the loan amount as reserves.
Over 680
DTI 43%
Self prepared P&L or VVOE

$10k grant, only in GA, Area restricted

only GA

Purchase & owner occupied only
FHA only
Income limits (150-200%)
2 mo reserves
LMI areas
CRA area

Jumbo CRA, Area restricted

7/6 ARM
Up to $3M
No income limits in LMI areas.
80% LTV $1M, 75/2, 70/3

Community lending, Restricted areas

Owner occupied only
LTV 97%
DTI 50%
Fixed rate only
REO ok
EAD no

FHA, not in GA

No GA

3% down / No MI – single unit
10% – 2 units
LMI income guide line, W2
FHA only
1er only
80% MFI / CRA areas
No co borrower

If you have CASH

Assets based / Divide by 60 months and count as income.
Up to $2m
6 mo asset seasoning
80% LTV
Over 700 for 1er, 720 for 2nd

Glossary

1er / 2nd / invest - Is it a primary residence, a second home, or an investment property?
AMI, Area Median Income – Above Median Income Area.
CRA, Community Reinvestment Act – Special Area Development Act
DOWN PAYMENT - Money you pay when buying a home
DTI, Debt to Income – What percentage of gross income is the monthly payment?
EAD, Employment Authorization Document – Work permit holder
EPO, Early Pay Off – Early payoff before the contract term
FICO Credit scores range from 300 to 850. A score of 740 or higher results in no pricing hits, and most loans are available with a 680 or above. There are three credit bureaus, and the middle score among them is used. If two or more people apply, the lowest of their middle scores is used.
FULL DOC - Verify income using tax return amounts.
LMI, Low and Moderate Income – Less than 50% or 80% of the Area Median Income (AMI) is low income, and 80-120% is moderate income.
LTV, Loan to Value – What percentage of the home value is the loan amount?
MFI , Median Family Income – Area Median Income (AMI). While the average income is the sum divided by the total, the median is the value in the middle when all incomes are ranked in order. Usually, the average is slightly higher.
MI, Mortgage insurance – on the loan amount when the down payment is less than 20% (different from homeowners insurance).
NO DOC - Verify income using alternative methods without looking at tax returns.
P&L, Profit & Loss – prepared by a CPA or EA.
REO, Real Estate Owned – Homeowner at the time of closing.
RESERVE - It is based on the monthly principal, interest, taxes, insurance, and HOA fees.
RSURestricted Stock Units, issued as bonuses (recognized as income if consistent).
Seasoning - How long has the money been in the account?
STMT – Bank Statement
VOEVerification of Employment (VOE) signed by the owner, manager, or HR executive.
VORVOR (Verification of Rent) signed by the landlord.