The Flex Select program is a Non-QM loan solution designed with precision and flexibility in mind. With an LTV of up to 90% and a wide loan amount range, it’s suitable for diverse financial scenarios. The program’s core strength lies in its adaptability, whether for owner-occupied residences, second homes or investment properties, it provides a structured yet accommodating approach.
Program features
- Loan Amounts From $125K to $3.5M
- First-Time Homebuyers Eligible With Restrictions
- Max 90% LTV
- 660 Min FICO
- Max DTI 55% (With Restrictions)
- 15-, 30- and 40-Year Fixed, 40-Year I/O, 5/6 SOFR ARM,
5/6 SOFR ARM I/O Products - 2/1 Temporary Buydown Available
- Primary, Second Home and Investment Properties
- Purchase, Rate/Term and Cash Out
- Unlimited Cash Out LTV ≤ 60%
- SFR, PUD, Condo (Warrantable and Non-Warrantable
Only), Condotels (OO, SH, NOO), 2-4 Units, Co-ops
and Manufactured Housing Options for Delegated
Correspondents Only, up to 20 Acres - U.S. Citizen, Permanent Resident Aliens, Non-Permanent
Resident Aliens, Non-Occupant Co-Borrowers for Owner
Occupied Option Available - Full Doc: 1 or 2 Years
- Alt Doc: 12 or 24 Months Bank Statements, 1 or 2 Years
1099, Asset Utilization (60 or 36 Months), WVOE, P&L
Only With 2 Months Bank Statements, P&L Only, - Housing History:
– 1x30x12 Per Matrix LTVs
– 3x30x12 Will Be Considered With Limitations
– Credit Event Seasoning ≥ 2 Years - Gift Funds and Interested Party Contributions
Options Available - DU® Express Underwriting Option AvailableGift Funds and Interested Party
Contributions Options AvailablePrimary, secondary homes, and investment
Contact Us Today! To learn more and start offering these exceptional options to your clients!
