Simple Access® Programs

EXPLORE
SIMPLE ACCESS®

It shouldn’t be complicated to finance a home! We saw a need for common sense solutions for self-employed borrowers and those with non-traditional income. Our Simple Access products are just that…simple, flexible, and straightforward.

1099 ONLY

Qualify borrowers that receives compensation in the form of commission or independent contractor basis and receive IRS form 1099 at year-end.

Program Highlights:

  • Purchase or Rate and Term Refinance Max LTV 90%
  • Cash Out Max LTV 75%
  • DTI up to 55%
  • Interest Only available
  • Three 1099 qualification options
  • Minimum one year self-employment (with prior related experience)

ASSET QUALIFIER

Eligibility is based on liquid assets in a savings or securities account. No need for tax returns or traditional income documentation. Allows homebuyers to use assets for qualification without tying them up for a home purchase.

Program Highlights:

  • Purchase or Rate and Term Refinance Max LTV 90%
  • Cash Out LTV 75%
  • No DTI developed
  • No Income or Employment Information required

BANK STATEMENT

Qualify your borrowers based on analysis of bank deposits rather than traditional income documentation. No tax returns required. Business or personal bank statements are permitted. Choose from several options for calculating qualifying income.

Program Highlights:

  • Purchase or Rate and Term Refinance Max LTV 85%
  • Cash out proceeds can be used for reserves up to LTV 75%
  • DTI up to 55%
  • Interest Only available
  • Business and Personal Statements allowed
  • Multiple bank statement qualification options
  • Cash out amount unlimited up to LTV 65%

FULL DOCUMENTATION

A solution for scenarios that don’t quite fit the guidelines for conventional financing. Qualification focuses on the borrower’s ability to repay based on common sense underwriting, and perfect credit is not required.

Program Highlights:

  • Purchase or Rate and Term Refinance Max LTV 90%
  • Cash Out Max LTV 75%
  • DTI up to 55%
  • Interest Only available
  • All occupancy types allowed
  • Partnerships and Corporations are eligible vesting types
  • Multiple financed properties allowed
  • One year tax return program

INVESTOR CASH FLOW

Created specifically for investors, qualification is based on the income to be generated by the subject property. It’s no longer necessary to have large amounts of cash on hand to build a real estate portfolio.

Program Highlights:

  • Purchase or Rate and Term Refinance Max LTV 80%
  • Cash out proceeds can be used for reserves up to LTV 75%
  • No DTI developed
  • No Income or Employment Information Required
  • Interest Only available
  • LLCs, Partnerships and Corporations are eligible vesting types
  • Up to 15 financed properties allowed
  • Vacant Properties: use 100% of market rents
  • Cash Out proceeds may be used for reserves (Max LTV 65%)

JUMBO PRIME

We provide flexible wholesale jumbo loan financing solutions and large loan amounts to accommodate a wide variety of jumbo purchase and refinance scenarios. Attractive terms for your most discerning clients.

Program Highlights:

  • Loan amounts up to $3MM
  • Max LTVs: 80% purchase, 75% Rate & Term, 60% Cash Out
  • Max DTI 40%
  • Minimum credit score 700
  • Non-Warrantable Condos and Coops considered
  • All occupancy types allowed
  • 5, 7, and 10 Year ARMs, 15, 20, and 30 Year Fixed
  • Up to 6 financed properties allowed
  • First-time homebuyers allowed
  • Industry-leading asset distribution calculation using assets as income
    Multiple income sources allowed

SIMPLEMAE

Excellent option for second home and investment scenarios that fall within agency guidelines. Improved pricing for vacation and investment property purchase and refinance transactions.

Program Highlights:

  • Loan amounts up to the county conforming loan limit including agency high balance
  • Credit scores as low as 620
  • Second homes up to 90% LTV, Investment properties up to 85% LTV
  • 7/6 and 10/6 ARM options, 15 and 30 year fixed rate options
  • Full appraisal required
  • No Mortgage Insurance required
  • Minimal overlays on agency selling guides
  • Follow DU or LP Findings, must have an AUS approve
  • Agency compatible pricing

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