Our Smart Series, a full suite of non-QM solutions, ensures that home buyers who have unique financing needs have access to unique mortgage solutions that meet their specific needs.
<p>A non-QM solution, SmartSelf is ideal for borrowers requiring the use of bank statements and/or asset amortization to qualify.</p>
<p> </p>
<p>HIGHLIGHTS:</p>
<ul>
<li>660 minimum credit score</li>
<li>90% loan-to-value (LTV) for primary residence</li>
<li>80% loan-to-value (LTV) for primary residence</li>
<li>50% maximum debt-to-income ratio (DTI)</li>
<li>Available for loan amounts up to $3M</li>
<li>12 or 24- month bank statement options</li>
<li>No tax returns or tax transcripts required</li>
<li>$500,000 maximum cash in hand for primary residences and second homes cash in hand</li>
<li>Only 2-4 years seasoning for serious derogatory credit events</li>
<li>30-year fixed rate</li>
<li>30-year fixed rate interest only
<ul>
<li>10-year interest only period</li>
</ul>
</li>
<li>5/6, 7/6, and 10/6 adjustable-rate mortgage options</li>
</ul>
SMARTVEST
<p>A non-QM solution, SmartVest is designed for experienced real estate investors seeking to purchase or refinance an investment property that is owned for business purposes.</p>
<p> </p>
<p>HIGHLIGHTS:</p>
<ul>
<li>640 minimum credit score</li>
<li>80% loan-to-value (LTV) for purchases and rate and term refinances</li>
<li>75% loan-to-value (LTV) for cash-out refinances</li>
<li>Available for loan amounts up to $2M</li>
<li>Debt-to-income ratio (DTI) not calculated – use cash flow analysis</li>
<li>Borrower is qualified based upon the cash flow of the subject property</li>
<li>No tax transcripts or tax returns required</li>
<li>Debt Coverage Ratio
<ul>
<li>Purchase and rate and term refinances = 1.0</li>
<li>Cash-out refinances = 1.15</li>
</ul>
</li>
<li>Up to 20 financed properties allowed</li>
<li>30-year fixed rate</li>
<li>30-year fixed rate interest only
<ul>
<li>10-year interest only period</li>
</ul>
</li>
<li>5/6, 7/6, and 10/6 adjustable-rate mortgage options</li>
</ul>
SMARTEDGE
<p>A non-QM solution, SmartEdge offers competitive financing solutions for borrowers who fall just outside of standard agency and prime jumbo programs due to a credit event or other isolated lapse in their credit performance.</p>
<p> </p>
<p>HIGHLIGHTS:</p>
<ul>
<li>660 minimum credit score</li>
<li>90% loan-to-value (LTV) for primary residence</li>
<li>85% loan-to-value (LTV) for primary residence</li>
<li>50% debt-to-income ratio (DTI)</li>
<li>Available for loan amounts up to $3M</li>
<li>Asset amortization/depletion may be used to qualify</li>
<li>Only 2-4 years seasoning for serious derogatory credit events</li>
<li>Purchase, rate and term and cash-out, refinance options available</li>
<li>30-year fixed rate and interest only options</li>
<li>5/6, 7/6, and 10/6 adjustable-rate mortgage options</li>
</ul>
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