Yes. First-time homebuyers may qualify under the Full Documentation, Bank Statement, and 1099 Only programs when purchasing a primary residence.

Keep in mind that first-time homebuyers are not eligible under the DSCR option, and they must meet the required housing payment history guidelines.

Yes. One of the biggest advantages of Simple Seconds is that your borrower can access their home’s equity while keeping their current first mortgage in place.

This can help borrowers preserve a favorable interest rate while still obtaining the funds they need through a second lien.

A Simple Seconds loan is a great option when your borrower wants to access the equity in their home without refinancing their existing first mortgage. This is especially beneficial for homeowners who currently have a low interest rate and don’t want to replace it with today’s higher market rates.

Common scenarios include debt consolidation, home improvements, investment opportunities, tuition expenses, or other major purchases. If refinancing the first mortgage doesn’t make financial sense, a second lien may be the better solution.

Simple Seconds is Luxury Mortgage’s second lien product suite designed to help homeowners access their equity without refinancing their existing first mortgage. Borrowers can keep their current first mortgage rate while using a second lien for purchases, debt consolidation, home improvements, investments, or other eligible purposes.

Answer: Depending on the program, verification of foreign liabilities may not be required. Luxury Mortgage’s Foreign National program is designed to simplify financing for eligible international borrowers while maintaining prudent underwriting standards.

Documentation requirements vary by loan scenario, so it’s important to review the current program guidelines before structuring the loan. Borrowers must still satisfy all applicable asset, reserve, property, and eligibility requirements.

If you’re unsure whether foreign liabilities must be documented for a specific transaction, your Account Executive can help determine the appropriate documentation before submission.

Answer: Yes. Eligible first-time homebuyers may qualify with a related non-occupant co-borrower, provided all borrowers meet applicable credit and underwriting requirements.

This option may help strengthen a loan application when additional qualifying income is needed. Relationship requirements, occupancy rules, and program guidelines must all be met.

If you’re considering this option, reviewing the borrower’s complete profile before submission can help ensure the loan is structured correctly from the start.

Answer: An Asset Qualifier loan may be the right solution when your borrower has significant liquid assets but limited qualifying income. Eligible borrowers may qualify using assets instead of traditional employment income, subject to program guidelines.

This program is commonly used for retirees, high-net-worth individuals, or borrowers whose financial strength isn’t reflected through traditional employment income.

Eligible assets may include checking, savings, brokerage, and certain retirement accounts, depending on the program. Before structuring the loan, review the asset documentation requirements and current guidelines to determine eligibility.

Answer: It depends on the property and the loan scenario. Accessory Dwelling Unit (ADU) income or property features may be considered on eligible transactions when supported by the appraisal and applicable program guidelines.

If your borrower owns or is purchasing a property with a legal ADU, additional rental income may be considered in certain situations. Property eligibility, occupancy, appraisal findings, and underwriting requirements all play a role in determining whether ADU income can be used.

Reviewing the appraisal and current program guidelines early in the process can help determine the best way to structure the loan.

Answer: Yes. Luxury Mortgage’s Investor Cash Flow (DSCR) program allows eligible borrowers to finance qualifying 5–10 unit residential investment properties, subject to property eligibility and underwriting guidelines.

This option may be appropriate when your borrower wants to qualify based primarily on the property’s cash flow rather than personal income. It can be an effective solution for experienced real estate investors expanding their portfolios.

Property eligibility, appraisal requirements, reserves, and all applicable program guidelines must be met before the loan can be approved.

Answer: A Foreign National loan may be the right solution when your borrower is purchasing or refinancing U.S. residential real estate but does not qualify for traditional financing due to residency or documentation requirements.

Luxury Mortgage’s Foreign National program provides financing solutions for eligible international borrowers while offering flexible documentation options. Depending on the loan scenario, documentation requirements may differ from traditional agency financing.

As with every Non-QM loan, eligibility depends on the borrower’s complete financial profile, available assets, reserves, property type, and current program guidelines.

Answer: It depends on your borrower’s financial profile. Luxury Mortgage offers both 12-month and 24-month Bank Statement options, allowing you to use the documentation that best represents a self-employed borrower’s qualifying income.

If your borrower has experienced recent business growth or has stronger deposits over the past year, a 12-month Bank Statement option may provide higher qualifying income.

If your borrower owns a seasonal business, has fluctuating income, or would benefit from averaging deposits over a longer period, a 24-month option may be the better choice.

Every borrower is different. Comparing both documentation options before submitting the loan can help determine which approach provides the strongest qualifying income while meeting program guidelines.