DSCR
Empower
- 700 minimum FICO
- Up to 80% LTV*
- Loan amount up to $3mm
- 30 year fixed, 5/6m ARM, 7/6m ARM
- Cash out up to 75% LTV**
- Cash out proceeds may be used for reserves
- DSCR as low as .80***
- Eligible for non-permanent residents (Foreign National DSCR is available under Foreign National Program)
Elevate
- 680 minimum FICO
- Up to 80% LTV*
- Loan amount up to $3mm
- 30 year fixed, 5/6m ARM, 7/6m ARM
- Cash out up to 75% LTV**
- Cash out proceeds may be used for reserves
- DSCR as low as .80***
- Eligible for non-permanent residents (Foreign National DSCR is available under Foreign National Program)
Embark
- 660 minimum FICO
- Up to 80% LTV*
- Loan amount up to $2mm
- 30 year fixed, 5/6m ARM, 7/6m ARM
- Cash out up to 75% LTV**
- Cash out proceeds may be used for reserves
- DSCR as low as .80***
- 700 FICO minimum for DSCR under 1.0***
- Eligible for non-permanent residents (Foreign National DSCR is available under Foreign National Program)
Emerge
- 640 min FICO***
- Max 80% LTV*
- Loan amounts up to $2.5MM
- DSCR as low as 0.75
- No personal income qualification*
- Cash-out up to $1MM
- Interest-Only options available***
- Foreign Nationals Eligible
- Condos and 2–4 Units Allowed
*20% cash due from borrower
**25% cash due from borrower
***additional restrictions apply
Non-QM
Empower - Full Doc
- 660 minimum FICO
- Loan amount up to $3mm
- Up to 85% LTV*
- Cash out up to 80% LTV**
- 30 or 40 year fixed, 5/6m ARM, 7/6m ARM
Empower Ease - Alt Doc
- 660 minimum FICO
- Loan amount up to $3mm
- Up to 85% LTV*
- Cash out up to 80% LTV**
- 12 or 24 month bank statements and P&L Only
Elevate - Full Doc
- 660 minimum FICO
- Loan amount up to $3mm
- Up to 90% LTV***
- Cash out up to 80% LTV**
- 30 or 40 year fixed, 5/6m ARM, 7/6m ARM
Elevate - Alt Doc
- 640 minimum FICO
- Loan amount up to $3mm
- Up to 90% LTV***
- Cash out up to 80% LTV**
- 12 or 24 month bank statements
Embark - Alt Doc
- 660 minimum FICO
- Loan amount up to $3mm
- Up to 85% LTV*
- Cash out up to 80% LTV**
- 12 or 24 month bank statements and 1099
Emerge Premier
- 660 min FICO*****
- Loan amounts up to $3.5MM
- Max 89% LTV****
- Cashout used for reserves
- Bank Statements, 1099s, P&L, W-2s & Tax Returns accepted*****
- Interest-Only options available
- First-Time Investors Eligible
Emerge Non-QM
- FICO scores down to 620*****
- Expanded credit event options
- Loan amounts up to $2.0MM
Emerge ITIN
- 680 minimum FICO*****
- ITIN Borrowers Eligible
- Max 80% LTV**
- Primary, Second Home & Investment Properties
- Non-Warrantable Condos Allowed
- First-Time Investors Eligible
- W-2, Tax Return, Bank Statement & 1099 Documentation Options*****
*15% cash due from borrower
**20% cash due from borrower
***10% cash due from borrower
****11% Cash Due from Borrower
*****additional restrictions may apply
