Can a First-Time Homebuyer Use a Non-Occupant Co-Borrower?

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...

When Should I Recommend an Asset Qualifier Loan?

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...

When Can I Use ADU Income to Qualify a Borrower?

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...

Can I Use a DSCR Loan for a 5–10 Unit Property?

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...

When Should I Use a Foreign National Loan?

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...