Getting Approved
We want to make this process as easy as possible, please choose one of the options below to get started:
Account Executives
Reach out to one of our Account Executives who will be
happy to guide you through the approval process. Click here
happy to guide you through the approval process. Click here
Email Us
Email our TPO Lending Team and we will contact
you to discuss becoming a lending partner.
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you to discuss becoming a lending partner.
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LEARN MORE ABOUT OUR PROGRAMS
Quick Look
1CHOICE Select Prime
$2,500,000 Max Loan Amount
$1,000,000 Max Cash Out
90% Max LTV
50% Max Debt Ratio
660 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
Income Full Doc & Bank Statements
Bank Statement Credit Score As Low As 660
Interest Only 30 or 40 Year Term w/10 Year I/O
Credit Events 48 Months Since Previous
Housing Event & Bankruptcy Discharge
Mortgage Lates 0x30 in Last 12 Months
Learn More
2CHOICE Investor DSCR
$2,000,000 Max Loan Amount
$500,000 Max Cash Out
80% Max LTV
620 Minimum Credit Score
2 Yr Seasoning Foreclosure, Short Sale, Loan
Modification, Deed in Lieu & Bankruptcy
Terms ARM & Interest Only Options
Mortgage Lates Up to 1x30 in Last 12 Months
Qualification DSCR & No Ratio Available
Property Types Single-Family, Condo, 2-4 Unit
& Non-Warrantable Condos
Financed Properties No limit on number of
fi nanced properties
Fast & Easy Business Purpose Loans Tailored for
Professional Investors
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3CHOICE Prime
$3,000,000 Max Loan Amount
$1,000,000 Max Cash Out
95% Max LTV
55% Max Debt Ratio
620 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
Income Full Doc, Bank Statements, Asset Depletion
& 1 Year Doc Options Allowed
Bank Statement Credit Score As Low As 620
Interest Only 30 or 40 Year Term w/10 Year I/O
Credit Events 36 Months Since Previous
Housing Event & Bankruptcy Discharge
Mortgage Lates Up to 1x30 in Last 12 Months
Investment Property Down to 620 score
Learn More
4CHOICE Expanded Credit
$2,000,000 Max Loan Amount
$500,000 Max Cash Out
90% Max LTV
55% Max Debt Ratio
540 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
Income Full Doc, Bank Statements, & 1 Year Doc
Options Allowed
Bank Statement Credit Score As Low As 580
Credit Events 0-12 Months Since Previous
Housing Event & Bankruptcy Discharge
Mortgage Lates Allowed 90 days late in Last
12 Months
Investment Property Down to 580 score
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5CHOICE Personal Bank Statements
12 Month Bank Statements
$3,000,000 Max Loan Amount
$1,000,000 Max Cash Out
90% Max LTV
50% Max Debt Ratio
620 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
24 Month Bank Statements
$3,000,000 Max Loan Amount
$1,000,000 Max Cash Out
90% Max LTV
50% Max Debt Ratio
580 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
Learn More
6CHOICE Business Bank
12 Month Bank Statements
$3,000,000 Max Loan Amount
$1,000,000 Max Cash Out
90% Max LTV
50% Max Debt Ratio
620 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
24 Month Bank Statements
$3,000,000 Max Loan Amount
$1,000,000 Max Cash Out
90% Max LTV
50% Max Debt Ratio
580 Minimum Credit Score
Terms Fixed, ARM & Interest Only Options
Learn More
7CHOICE Foreign National
$1,500,000 Max Loan Amount $500,000 Max Cash Out
75% Max LTV 50% Max Debt Ratio
Loan Requirement
• Copies of borrower’s passport and unexpired visa must be
obtained. Visa types accepted: B-1, B-2, H-2, H-3, J-1, J-2, O-2,
P-1, P-2 and I
• 3 open accounts with a 2-year history*
• Letters of credit reference allowed*
• 2-year housing history can be used as a trade-line*
Assets
• Funds for down payment and closing costs must be sourced
or seasoned for 60 days
• Must be in a US chartered depository for 30 days prior to
closing
Income
• Full Doc Income: Salaried Borrowers
• Full Doc Income: Self-Employed
Borrowers (not eligible for bank statement programs)
• Asset Depletion
• DSCR
• No Ratio
* All documents must be translated by a certified translator.
Foreign National - Income Details
Full Doc Income: Salaried Borrowers
• Letter from employer with current monthly salary and YTD
earnings or 2 months pay stubs with YTD earnings*
• Verification of earnings for the last 2 years
• Employer must be independently verified
Full Doc Income: Self-Employed Borrowers
(Not eligible for bank statement programs)
• Letter from a CPA providing income for the last 2 years and
YTD earnings*
• Self-employed business and CPA must be independently
verified
Asset Depletion
Foreign National borrower may use Asset Depletion to determine
qualifying income with a maximum DTI of 50%. Asset
Depletion is not allowed on cash-out transactions. See the applicable
Foreign National Correspondent Matrix for credit score
and LTV restrictions.
Foreign National borrowers must have the lesser of (a) 1.5
times the loan balance or (b) $1MM in qualified assets, both of
which must be net of down payment, loan costs and requires
reserves to qualify. All assets must be in U.S. accounts and seasoned
for 6 months.
Qualified Assets can be comprised of stocks, bonds, mutual
funds, vested amount of retirement accounts and bank accounts.
If a portion of the quilled assets are being used for
down payment, closing costs or reserves, those amounts must
be excluded from the balance before analyzing a portfolio for
income determination.
The following assets are considered Qualified Assets and can
be utilized to calculate income:
• 100% of checking, savings and money market accounts
• 70% of the remaining value of stocks & bonds
DSCR
A Debt-Service Coverage Ratio (DSCR) may be calculated for
the subject property. See the Foreign National Correspondent
Matrix for available LTVs when the DSCR is >1.15%. The DSCR
calculation is as follows:
Debt-Service Coverage Ratio = Gross Income/Proposed PITIA
To calculate gross income, use the lower of the (a) executed lease
agreement or (b) market rent from appraisal form 1007. If the
executed lease agreement reflects a higher monthly rent, it may
be used in the calculation when evidence of receipt of the higher
amount for the 3 most recent, consecutive months is provided.
No Ratio
No additional documentation is required when qualifying under
No Ratio. See the Foreign National Correspondent Matrix for
Available LTVs.