AARC FUNDING CAN HELP WITH ALL YOUR MORTGAGE NEEDS
From Start to Finish
MORE OPTIONS… To close your non-prime loans
AARC Funding offers alternative lending programs to help your borrowers who may not meet general Agency financing guidelines. Expand your product offering and grow your business with our unique programs.
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Non-Prime/Recent Housing Event
Credit scores as low as 500 (including jumbo loans)
Up to 90% LTV (purchase & R/T) w/ no MI
1 day out of FC, SS, BK, or DIL
Up to 80% LTV (cash-out)
Loans up to $1 million (minimum loan $75,000)
Cash out for reserves OK
Mortgage lates are OK
DTI up to 50% considered
Limited or no tradelines OK to max 75% LTV
Max cash-out to $500,000
Portfolio Select/Alt-A
Up to 90% LTV (purchase & R/T)
Up to 85% LTV (cash-out) w/ no MI
2 years seasoning FC, SS, BK, or DIL
Recently discharged BK 13 to 90% LTV (if paid as agreed 24 Mos)
Loans up to $3 million (minimum loan $75,000)
Cash out for reserves OK
Credit scores starting at 600
Max 1×30 mortgage lates OK last 12 months
Option to qualify with assets instead of income
Asset Depletion program available
1 Year Tax Return Program Available
Bank Statement (Personal or Business)
24 months business bank statements to 90% LTV with no MI
12 month personal bank statements to 90% LTV with no MI
Simple third party prepared expense statement required
2 years seasoning FC, SS, BK, or DIL
No tax returns/transcripts required
DTI above 40/45 considered with 660+ credit score
Loans up to $3 million (minimum loan $150,000)
Credit scores starting at 620 (no multi-family properties)
First-time homebuyers OK (subject to additional guidelines)
Investor Cash Flow
No personal income used to qualify
No limit on number of properties financed (5 with AOMS)
No DTI restrictions
Must have housing history and own a primary home
No employment required on application
2 years seasoning FC, SS, BK, or DIL
Qualification based on property cash flow
Loans up to $1 million (minimum loan $75,000)
Up to 80% LTV (including cash-out)
Credit scores starting at 660
Interest only available
Asset Qualifier:
Up to 75% LTV (purchase or delayed financing)
5 years seasoning FC, SS, BK, or DIL
Credit score of 700+ required
Loans up to $3 million (minimum Loan $150,000)
No DTI restrictions
Requires 60 months of recurring monthly payments post closing
No 4506 required
Must document minimum $500,000 in post closing assets
Primary residence only
Assets must be sourced/seasoned for a minimum of 12 months
Platinum
Credit scores starting at 660
4 years seasoning FC, SS, BK, or DIL
Loans up to $3 million (minimum Loan $150,000)
Up to 90% LTV/CLTV
Owner-occupied / second homes
Interest-only available
No pre-payment penalty
Cash-out available – $500,000 maximum
Full doc and bank statements available
Asset Qualifier available
1 Year Tax Return Program Available
Foreign National
Up to 75% LTV (purchase or refinance)
Simple credit reference letters to satisfy trade lines
No US or international credit required
No SSN or ITIN required
12 months reserves required
Loans up to $750,000 (higher amounts case by case)
Reserves can remain in foreign account
Minimum loan amount down to $75,000
Fewer country restrictions than other lenders
DTI up to 50% considered
Non-warrantable condos considered across all programs