NON QM - DSCR Rental Loan

Our DSCR loan program is specifically designed to assist new and experienced real estate investors in financing their rental properties, qualifying based on the cash flow generated by the investment.

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Program features

• DSCR as low as 0

• 1007 only for rental income

• Credit for DSCR >1.25

• Min. 3 months of reserves required

• Cash-out available up to 80% LTV

• Gift funds allowed

Why choose our DSCR?

• No income and no employment needed

• No ratio loans — borrowers do not have to worry about the debt service coverage ratio

• Fast turn times

NON QM - 12-24 MONTH BANKSTATEMENT

Our 12/24 Month Bank Statement loan is a perfect Non-QM loan for the self-employed. Even if complex tax deductions make their tax returns less than straightforward, this program can provide a clearer picture of their current income or revenue to help them qualify.

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Program features

• Loan amount up to $4 million

• DTI up to 55%

• Min. 3 months of reserves required

• Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%

• Mortgage history 0 x 60 x 12, 0 x 30 x12, 0 x 90 x 24

Why choose our 12/24 Month Bank Statement?

• Free service to calculate income

• Combined statements accepted

• No tax returns required

NON QM - Foreign National Loan

Our Full Doc Foreign National mortgage program is designed for individuals living abroad who are interested in purchasing or refinancing investment property in the US. This program features a flexible and efficient alternative documentation process and realistic guidelines, which makes it easier for foreign borrowers to qualify for a loan and ensures a smooth and hassle-free experience.

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Program features

• Loan amounts up to $3 million

• Overseas assets allowed as reserves

• Cash-out allowed

• One bank reference letter

• CPA Letter for the last 2 years & year-to-date

Why choose our Foreign National Full Doc?

• Homeownership outside the US is allowed

• Gift funds allowed

• RON closing

NON QM - Profit & Loss Only

Our Non-QM 1-year and 2-year P&L loans are designed for self-employed individuals. These loans allow borrowers to use their business's Profit & Loss (P&L) statements to qualify, bypassing traditional income verification.

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Program features

• P&L reviewed by Licensed CPA, CTEC registered Preparer or IRS Enrolled Tax Agent

• Loan amounts up to $2.5 million

• Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%

• DTI up to 55%

• Temporary rate buydowns available.

Why choose our 1Y & 2Y P&L?

• Bank statements not required up to 70% LTV

• Income support tolerance 25%

• 1-year business existence may be considered

NON QM - 1099 Only

Our 1099 loan is a solution for self-employed and contract borrowers that allows them to use their 1099 forms to report various types of non-employment income received during the tax year.

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Program features

• Loan amounts up to $4 million

• DTI up to 55%

• Cash out available

• 1-year history with the same employer

• Temporary rate buydowns available

Why choose our 1099?

• 1099s for the last 1 year allowed

• Expense ratio 10%

• Gift funds allowed

NON QM - Asset Utilization

Our Asset Utilization mortgage program is designed for those who may not have easily quantifiable sources of income, such as the self-employed, entrepreneurs, retirees, and those living off their investments. This program allows them to use their personal assets as a means to qualify for a home mortgage, providing flexibility in obtaining financing.

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Program features

• Loan amounts up to $4 million

• DTI up to 55%

• Cash-out up to 80% LTV

• Qualifying assets / 60 months

• 100% of checking, savings, stocks, bonds, and 70% of retirement assets

Why choose our Asset Utilization?

• Min. 3 months of reserves required

• Gift funds allowed

• 3 months of seasoning

NON QM - 2ND LIEN 

Our Second Mortgage is designed to provide an additional financing option for homeowners who are looking to borrow money against the equity in their homes. A Second Mortgage can be used for a variety of purposes, including home renovations, debt consolidation, or other expenses. With this program, you can help your clients unlock the financial potential of their homes while expanding your lending offerings.

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Program features

• Max loan amounts up to $500,000

• Min loan amounts $50,000

• DTI up to 50%

• 30 & 20-year fixed term

• Gift funds allowed

Why choose our Second Mortgage?

• No FICO option available for FN

• Alt docs allowed

• Eligible for Non-Permanent Resident & Foreign National (Investment only)

NON QM - Alt Doc. HELOC

Closed-End Second Refinance HELOCS (660 Fico>):

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Bank Statements & Full Doc

• Up to 85% CLTV

• 12/24 Business Bank statements can be used for income w/700> FICO & two yrs. self employed required @ 50% min. ownership. (Personal Stmnts. OK on HELOCS)

• 12 mths. Subject property seasoning required        

• Second Homes and Investors eligible (NOO must qualify either full doc or business bank statements 720> FICO)

• PPP = No Pre-Payment Penalty (including Investments no PPP)

• Housing Events: FC, SS, DIL, Modification = require seven (7) Yrs. Seasoning   |  Bankruptcy= 60 mths from discharge date (all BK types)

• Reserves= 6 mths. PITIA on 1st & 2nd     *Cash-out can be used to satisfy reserves up to 80% LTV;  Business assets cannot be used

• Min L/A $100K |  Max L/A $750K   |   Up to $750K cash out

• Condos must be Warrantable   (Condo Questionnaire approval & requires a budget & balance sheet)

• No vesting Title in LLC’s

• DTI: 50% (fully amortized)  rate adj. applies if >43%       |    Monthly min residual income required is $2,500 up to < 50% DTI  Or  $3,500 if DTI exceeds > 45%

Get Prequalified

​Get Started with Confidence — Get Prequalified Today
Begin your mortgage journey by completing the 1003 URLA application. This essential step helps us understand your financial profile and match you with the best loan options available. Simply fill out the form to get prequalified quickly and take the first step toward securing your financing with Real on Rise Capital Inc.