Loan Products, Powered by UWM

Overview:
Designed for first-time and moderate-income buyers earning at or below 80% of the Area Median Income (AMI). This program lowers the upfront cash needed to purchase a home while still offering the stability of conforming financing.

Key Highlights:

• Purchase only transaction

• Minimum 620 FICO

• 97% maximum LTV

• Borrower contributes 1% down (UWM contributes the lesser of 2% of purchase price or $7,000 toward the down payment)

• Loan amounts up to conforming limits

• Eligible through DU® (HomeReady) or LPA® (Home Possible)

• Not eligible for TRAC, condos/PUDs, or “Control Your Price”

• Temporary rate buydowns available

Who it’s for:

• First-time buyers

• Borrowers under 80% AMI seeking low-down-payment solutions

• Families who want to maximize cash reserves for other expenses

Overview:

A cash-out refinance solution that allows homeowners to access equity with a simplified process, competitive fixed rates, and no mortgage insurance — even up to 89.99% LTV.

Key Highlights:

• Minimum 680 FICO

• Loan amounts up to conforming loan limits

• LTV from 80.01% to 89.99%

• No mortgage insurance required

• 30-year fixed only

• Max DTI determined by DU®/LPA® (not to exceed 50%)

• Only 6 months seasoning required if paying off first-lien mortgage

• Primary residence only

Who It’s For:

• Homeowners seeking cash-out access to equity at high LTVs

• Borrowers with solid credit (680+) who want to avoid mortgage insurance

• Families consolidating debt or funding major expenses through refinance

Overview:

Elite MI blends competitive lender-paid and borrower-paid mortgage insurance pricing into one streamlined program. With delegated authority from MI companies, certificates are issued in minutes — not days — creating a faster, smoother loan process.

Key Highlights:

• Among the lowest MI rates in the industry

• Starts at 620+ FICO

• No overlays

• No adjustments for DTI or number of borrowers

• Faster MI certificates with delegated approval

Who It’s For:

• Borrowers with 620+ FICO looking for lower monthly payments

• LOs seeking fast MI turnaround to close loans faster

• Families who want a simple, cost-effective mortgage insurance option

Overview:

Offer your borrowers lower initial rates with flexible 5-, 7-, and 10-year ARM options. Available across Conventional and Elite tiers, with high-balance choices for larger loan amounts.

Key Highlights:

Conventional Elite 5/7/10

• 700+ FICO, up to 80% LTV

• Primary, second, and investment properties

• Purchase, rate/term, and cash-out refinance

• $125,000 minimum loan amount

• Not available on manufactured homes

Conventional 5/7/10

• 620+ FICO, up to 95% LTV

• Primary, second, and investment properties

• Purchase, rate/term, and cash-out refinance

• One-Time Close New Construction loans (7 & 10 year ARMs)

• Not available on manufactured homes

Conventional Elite High Balance 5/7/10

• 700+ FICO, up to 80% LTV

• Primary, second, and investment properties

• Purchase, rate/term, and cash-out refinance

• Loan amounts from $806,500 up to county loan limit

• Not available on manufactured homes

Conventional High Balance 5/7/10

• 620+ FICO, up to 95% LTV

• Primary, second, and investment properties

• Purchase, rate/term, and cash-out refinance

• Loan amounts from $806,500 up to county loan limit

• One-Time Close New Construction loans (7 & 10 year ARMs)

• Not available on manufactured homes

• Temporary Rate Buydowns available

Who It’s For:

• Borrowers seeking lower initial payments

• Homebuyers who plan to move or refinance before fixed term ends

• Investors leveraging flexibility with high-balance or new construction options

Overview:

Conventional ARMs offer lower initial rates with flexible 5-, 7-, and 10-year terms. With both standard and Elite tiers, plus high-balance options, these ARMs provide borrowers with rate savings and product flexibility.

Key Highlights:

Conventional Elite 5/7/10

• 700+ FICO, up to 80% LTV

• Primary, second, and investment properties

• Eligible for purchase, rate/term, and cash-out refinances

• $125,000 minimum loan amount

• Not available on manufactured homes

Conventional 5/7/10

• 620+ FICO, up to 95% LTV

• Primary, second, and investment properties

• Eligible for purchase, rate/term, and cash-out refinances

• One-Time Close New Construction loans available on 7- and 10-year ARMs

• Not available on manufactured homes

Conventional Elite High Balance 5/7/10

• 700+ FICO, up to 80% LTV

• Primary, second, and investment properties

• Eligible for purchase, rate/term, and cash-out refinances

• Loan amounts from $806,500 up to county loan limit

• Not available on manufactured homes

Conventional High Balance 5/7/10

• 620+ FICO, up to 95% LTV

• Primary, second, and investment properties

• Eligible for purchase, rate/term, and cash-out refinances

• Loan amounts from $806,500 up to county loan limit

• One-Time Close New Construction loans available on 7- and 10-year ARMs

• Not available on manufactured homes

• Temporary Rate Buydowns available

Who It’s For:

• Borrowers looking for lower initial payments

• Clients who expect to move or refinance before the fixed period ends

• Investors leveraging high-balance or new construction options

Overview:

Streamline condo financing with a limited review process available to borrowers in California and Washington, D.C. AUS-approved files require only minimal evaluation, helping close faster with less paperwork.

Key Highlights:

• No condo questionnaire required

• Lender- and seller-paid Temporary Rate Buydowns available

Who It’s For:

• Borrowers purchasing or refinancing condos in California or Washington, D.C.

• Buyers who want a faster, simplified approval process

• Loan officers seeking to avoid delays from full condo reviews

Overview:

Single Premium MI gives borrowers the option to pay a one-time upfront mortgage insurance premium, eliminating monthly MI payments. With flexible financing and premium credits toward closing, it’s a smart way to lower payments and strengthen purchasing power.

Key Highlights:

• Financed and non-financed options available

• Down payments as low as 3%

• Use seller contributions to eliminate monthly MI

• Lower rate and payment while applying premium credit to offset closing costs

• Helps more borrowers qualify for their desired home

Who It’s For:

• First-time and move-up buyers seeking lower monthly payments

• Borrowers with limited cash who can benefit from seller contributions

• Families wanting maximum buying power with minimal long-term costs

Overview:

Split 50 and Split 100 are hybrid mortgage insurance programs that combine a one-time upfront premium adjustment with a reduced monthly MI payment. This structure lowers monthly costs while avoiding the heavier burden of traditional FHA options.

Key Highlights:

• LTVs up to 95%

• Split 50 option: only 50 basis points upfront

• Split 100 option: alternative to FHA with balanced premium structure

• Underwrite to AUS findings

Who It’s For:

• Borrowers seeking a lower monthly MI without paying full upfront premiums

• Buyers comparing FHA loans but wanting a more competitive structure

• Families looking for flexible, cost-efficient MI solutions

Overview:

FHA loans make homeownership accessible for more borrowers who may not qualify for conventional financing. With low down payment requirements and flexible guidelines, FHA financing is designed to open the door to affordable housing.

Key Highlights:

• 580+ FICO, up to 97.75% LTV

• Eligible for primary purchase, rate/term, and cash-out refinances

• Available on single- and multi-wide manufactured homes

• Jumbo options available: starting $1 over conforming limit up to FHA mortgage limit

Who It’s For:

• Borrowers with limited credit history or lower credit scores

• First-time buyers needing affordable down payment options

• Families purchasing or refinancing manufactured homes

Overview:

FHA Elite delivers industry-leading government rates and pricing, giving your top-tier FHA borrowers the most competitive edge. It’s the smart choice for clients who want maximum savings with the stability of FHA financing.

Key Highlights:

• 640+ FICO

• Loan amounts from $125,000 up to county loan limits

• Fixed-term mortgages only

• Single-family primary residences

• Eligible for single- and multi-wide manufactured homes, condos, and PUDs

• Temporary Rate Buydowns available

Who It’s For:

• FHA borrowers with stronger credit profiles (640+)

• Families seeking lower rates and payments on FHA financing

• Buyers wanting the benefits of FHA while maximizing long-term affordability

Overview:

FHA Streamline makes refinancing simple by removing key hurdles like appraisals or AVMs. Designed for current FHA borrowers, this program provides a faster, easier path to lower payments.

Key Highlights:

• 580+ FICO

• Up to 60 days interest allowed

• Eligible for single- and multi-wide manufactured homes, condos, and PUDs

Who It’s For:

• Existing FHA borrowers looking to refinance quickly

• Homeowners who want to avoid the cost and time of a new appraisal

• Families seeking reduced payments with minimal documentation

Overview:

FHA ARMs provide borrowers with a lower initial rate through flexible 3/1 and 5/1 terms. Options include both standard and Elite tiers, plus streamline refinance solutions, giving FHA clients more ways to save.

Key Highlights:

FHA ARM

• 580+ FICO, up to 97.75% LTV

• Primary residence only (purchase and refinance)

• Escrow waivers not permitted

• Temporary Rate Buydowns not available

FHA Elite ARM

• 640+ FICO, up to 97.75% LTV

• Primary residence only (purchase and refinance)

• Escrow waivers not permitted

• Temporary Rate Buydowns not available

FHA Streamline Refinance (ARM)

• 580+ FICO

• Primary residence only

• Escrow waivers not permitted

• Temporary Rate Buydowns not available

FHA Elite Streamline Refinance (ARM)

• 640+ FICO

• Primary residence only

• Escrow waivers not permitted

• Temporary Rate Buydowns not available

Who It’s For:

• FHA borrowers seeking lower initial payments with adjustable-rate terms

• Clients with strong credit who want access to Elite FHA pricing

• Homeowners refinancing existing FHA loans into ARMs for added savings

Overview:

Close HUD real estate–owned properties with speed and confidence. This program streamlines the process, with turn times as fast as two weeks and flexible escrow repair options.

Key Highlights:

• Closings in as little as two weeks from submission

• Holdbacks up to $10,000 allowed for escrow repairs

Who It’s For:

• Borrowers purchasing HUD REO properties

• Real estate agents and buyers who value fast closings

• Clients needing flexibility for repair escrows

Overview:

Jumbo loans provide flexible financing solutions for high-value properties above conforming loan limits. With competitive guidelines and loan amounts up to $5M, borrowers can finance primary, second, or investment homes with confidence.

Key Highlights:

• 700+ FICO

• Up to 50% DTI and 89.99% CLTV

• DU only

• Loan amounts from $1 over conforming/high-cost limit up to $3M

• Primary, second, and investment property purchases and rate/term refinances

• Cash-out refinances allowed on primary and second homes only

• For primary purchases up to $5M → 6–12 months reserves required

• For second home purchases up to $3M → 9–12 months reserves required

• For investment purchases up to $2.5M → 12 months reserves required

• Cash-out refinances → 9 months reserves minimum, max $300k cash-out ($500k with 10% CLTV reduction)

• Two appraisals required for loan amounts over $2M

• Temporary Rate Buydowns not permitted

Who It’s For:

• Borrowers financing homes above conforming or high-cost limits

• Buyers with strong credit who need flexible jumbo solutions

• Investors purchasing higher-value properties

Overview:

Jumbo Elite provides high-balance financing with competitive pricing and flexible guidelines. With lower reserve requirements and broad eligibility, it’s designed for well-qualified borrowers seeking larger loan amounts.

Key Highlights:

• 660+ FICO

• Up to 50% DTI and 89.99% CLTV

• Loan amounts up to $2M → reserves per DU®/LPA® findings

• Loan amounts over $2M → 6 months reserves required in addition to AUS requirements

• Loan amounts from $1 over conforming limits up to $3M

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

Purchases & Rate/Term:

• Primary up to $3M → 6–12 months reserves required

• Second home up to $3M → 9–12 months reserves required

• Investment up to $1.5M → 12 months reserves required

Cash-Out Refinances:

• Primary up to $2M → 6–12 months reserves required

• Second home up to $2M → 9–12 months reserves required

• Investment up to $1.5M → 12 months reserves required

• Two appraisals required for loan amounts over $1.5M

• Temporary Rate Buydowns eligible on primary and second home purchases

Who It’s For:

• Borrowers with strong credit needing jumbo financing up to $3M

• Families purchasing or refinancing high-value primary or second homes

• Investors seeking competitive jumbo terms with flexible reserve requirements

Overview:

Prime Jumbo is tailored for highly qualified borrowers purchasing or refinancing high-value properties. With strong credit and reserve requirements, it delivers competitive financing options up to $3.5M.

Key Highlights:

• 720+ FICO

• Up to 50% DTI and 80% CLTV

• Loan amounts from $1 over conforming limits up to $3.5M

• Eligible on primary and second home purchases, rate/term, and cash-out refinances

Purchases & Rate/Term:

• Primary up to $2M → 6–9 months reserves required

• Primary over $2M → 24 months reserves required

• Second home up to $2M → 6–9 months reserves required

Cash-Out Refinances:

• Primary up to $2M → 6–9 months reserves required

• Second home up to $2M → 6 months reserves required

• Two appraisals required for loan amounts over $2M

• Temporary Rate Buydowns not permitted

Who It’s For:

• Highly qualified borrowers with excellent credit (720+)

• Families financing or refinancing luxury homes

• Buyers needing competitive jumbo financing up to $3.5M

Overview:

Super Jumbo financing extends beyond traditional jumbo limits, offering flexible solutions for high-value primary, second, and investment properties. With loan amounts up to $5M and exclusive servicing, borrowers gain both scale and protection.

Key Highlights:

• 660+ FICO

• Up to 50% DTI and 89.99% LTV

• Loan amounts from $1 over conforming limits up to $5M

• Purchases and rate/term refinances up to $5M

• Cash-out refinances up to $3M

• Cash-out refinances at or below 80% LTV → conforming loan limits allowed with 6 months seasoning

• Minimum cash-out loan amount at or below 80% LTV → determined by AUS findings

• Loan amounts up to $2M → reserves per DU®/LPA® findings

• Loan amounts over $2M → 6 months reserves required in addition to AUS requirements

• Two appraisals required for loan amounts over $2M

• Borrower solicitation protection (UWM services these loans exclusively)

• Temporary Rate Buydowns eligible on primary and second home purchases

Who It’s For:

• Borrowers financing luxury properties beyond standard jumbo limits

• Clients seeking loan amounts up to $5M with flexible guidelines

• High-net-worth families and investors needing large-scale mortgage solutions

Overview:

Premier Jumbo financing offers competitive options for well-qualified borrowers seeking larger loan amounts with flexible reserve requirements. With loan sizes up to $3.5M and eligibility across multiple property types, it’s designed for borrowers at the top end of the market.

Key Highlights:

• 660+ FICO

• Up to 50% DTI and 90% LTV

• Loan amounts from $400,000 up to $3.5M

• Loan amounts up to $2M → reserves per DU®/LPA® findings

• Loan amounts $2M–$3M → 6 months reserves required in addition to AUS

• Loan amounts over $3M → 12 months reserves required in addition to AUS

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

• Two appraisals required for loan amounts over $2M

• Temporary Rate Buydowns eligible on primary and second home purchases

Who It’s For:

• Borrowers seeking jumbo financing between $400k–$3.5M

• Families purchasing or refinancing primary and second homes at higher values

• Investors financing large-scale residential properties with competitive terms

Overview:

Select Jumbo provides financing for borrowers with strong credit profiles looking to purchase or refinance high-value primary residences. With loan amounts up to $3M, it offers flexibility while maintaining competitive jumbo standards.

Key Highlights:

• 700+ FICO

• Up to 45% DTI and 80% LTV

• Loan amounts from $600,000 up to $3M

• Reserves determined by DU®/LPA® findings

• Eligible on primary home purchases, rate/term, and cash-out refinances

• Temporary Rate Buydowns not permitted

• Appraisal waivers not applicable

Who It’s For:

• Borrowers with strong credit seeking jumbo financing between $600k–$3M

• Families purchasing or refinancing primary residences

• Homeowners looking for competitive jumbo terms without appraisal shortcuts

Overview:

Platinum Jumbo is built for well-qualified borrowers financing luxury properties with loan amounts up to $5M. With flexible eligibility across primary, second, and investment homes, it offers scale and competitive terms for high-value transactions.

Key Highlights:

• Loan amounts up to $5M

• 680+ FICO and up to 45% DTI

• Up to 80% LTV

• Eligible on primary, second, and investment properties for purchases, rate/term, and cash-out refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals required for refinances over $2M*

• Loan amounts greater than $2M → 18 months reserves required in addition to AUS requirements

Who It’s For:

• Borrowers financing luxury properties above standard jumbo thresholds

• Families or investors seeking loan amounts up to $5M

• Clients prepared to meet stronger reserve and appraisal requirements for large transactions

Overview:

Interest-Only Jumbo financing is designed for borrowers who want lower initial payments on high-value properties. With a 10-year interest-only period followed by 20 years of amortization, it provides flexibility for well-qualified buyers of primary and second homes.

Key Highlights:

• Loan amounts up to $5M

• 700+ FICO and up to 43% DTI

• Up to 80% LTV

• 10-year interest-only period, 20-year amortization

• Eligible for primary and second homes, purchases and rate/term refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals required for refinances over $2M*

• Loan amounts up to $1M → 12 months reserves required in addition to AUS

• Loan amounts over $1M → 24 months reserves required in addition to AUS

Who It’s For:

• Borrowers seeking lower initial monthly payments on jumbo loans

• Families purchasing or refinancing luxury primary or second homes

• Clients comfortable with stronger credit and reserve requirements

Overview:

Interest-Only Jumbo financing is designed for borrowers who want lower initial payments on high-value properties. With a 10-year interest-only period followed by 20 years of amortization, it provides flexibility for well-qualified buyers of primary and second homes.

Key Highlights:

• Loan amounts up to $5M

• 700+ FICO and up to 43% DTI

• Up to 80% LTV

• 10-year interest-only period, 20-year amortization

• Eligible for primary and second homes, purchases and rate/term refinances

• One appraisal required for purchases up to $3M and refinances up to $2M*

• Two appraisals required for refinances over $2M*

• Loan amounts up to $1M → 12 months reserves required in addition to AUS

• Loan amounts over $1M → 24 months reserves required in addition to AUS

Who It’s For:

• Borrowers seeking lower initial monthly payments on jumbo loans

• Families purchasing or refinancing luxury primary or second homes

• Clients comfortable with stronger credit and reserve requirements

Overview:

The HELOC program provides borrowers with flexible access to their home’s equity through revolving credit lines. With competitive terms, draw periods, and high credit limits, it’s a versatile solution for purchase, refinance, or cash-out scenarios.

Key Highlights:

• 680+ FICO

• Up to 85% CLTV*

• Up to 50% DTI*

• Minimum line amount: $20,000

• Initial draw must equal 75% of line amount

• Draw amounts up to $500,000

• 3- and 5-year draw periods

• For lines up to $400,000 → appraisal waiver accepted with approved AVM

• Available on all transaction types

• Subject to first lien restrictions

Who It’s For:

• Borrowers seeking flexible access to home equity

• Families needing revolving credit for expenses, improvements, or investments

• Homeowners who want a short- to mid-term credit line with competitive jumbo-style features

Overview:

The Fixed-Draw HELOC gives borrowers flexible access to equity with defined draw periods and straightforward appraisal requirements. With line amounts up to $500,000 and eligibility across primary, second, and investment homes, it’s a versatile financing tool.

Key Highlights:

• 680+ FICO

• Up to 85% CLTV

• Up to 50% DTI

• $25,000 minimum line amount

• Initial draw must equal 75% of line amount

• Loan amounts up to $500,000

• 3- and 5-year draw periods

• Loan amounts up to $400,000 with approved AVM → exterior-only or full appraisal required

• Loan amounts over $400,000 → full appraisal required

• Eligible on primary, second, and investment homes

Who It’s For:

• Homeowners wanting structured access to equity with flexible draw periods

• Investors using home equity for property improvements or acquisitions

• Families seeking a financing option with higher maximum line amounts

Overview:

The Expanded HELOC offers more flexible appraisal options and broader eligibility for borrowers accessing equity on primary, second, or investment homes. With line amounts up to $500,000 and competitive credit requirements, it delivers versatility for a wide range of clients.

Key Highlights:

• 640+ FICO

• Up to 85% CLTV

• Up to 50% DTI

• $25,000 minimum line amount

• Initial draw must equal 75% of line amount

• Loan amounts up to $500,000

• 3- and 5-year draw periods

• Loan amounts up to $250,000 with approved AVM → Broker Price Opinion, desktop appraisal, or full appraisal accepted

• Loan amounts over $250,000 → full appraisal required

• Eligible on primary, second, and investment homes

Who It’s For:

• Borrowers with mid-tier credit seeking home equity financing

• Investors needing flexible appraisal options on equity lines

• Families accessing equity across multiple property types

Overview:

The Bank Statement Loan is designed for self-employed borrowers who may not qualify with traditional income documentation. Using 12 months of bank statements, this program provides flexible financing up to $3M for primary, second, and investment properties.

Key Highlights:

• 620+ FICO with LTVs up to 90%

• Loan amounts from $100,000 up to $3M

• Up to 50% DTI

• Self-employed borrowers only

• First-time homebuyers not permitted on investment properties

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

Reserve Requirements:

• Loan amounts ≤ $2M → 6 months’ reserves

• Loan amounts > $2M → 9 months’ reserves

• 12 consecutive months of bank statements required

Additional Notes:

• Two appraisals required for loan amounts > $1.5M

• Temporary Rate Buydowns not permitted

• Not eligible in Massachusetts or Nevada for FICO < 660

• Not eligible in West Virginia or Texas 50(a)(6)

Who It’s For:

• Self-employed borrowers seeking alternative documentation options

• Business owners needing flexible jumbo-style loan amounts

• Clients purchasing or refinancing primary, second, or investment homes

Overview:

The Bank Statement Plus Loan expands access for self-employed borrowers by using 12 months of consecutive bank statements in place of traditional income verification. With loan amounts up to $3M and eligibility across primary, second, and investment properties, it provides flexibility for entrepreneurs and business owners.

Key Highlights:

• 620+ FICO with LTVs up to 90%

• Loan amounts up to $3M

• Up to 50% DTI

• Self-employed borrowers only

• First-time homebuyers not permitted on investment properties

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

Reserve Requirements:

• Primary homes:

  • Up to $1.5M → 6 months’ reserves

  • Over $1.5M → 12 months’ reserves

• Second & investment homes:

  • Minimum 12 months’ reserves required

• Multiple financed properties:

  • Greater of 9 months’ reserves, or program requirement above +2 months for each financed property

Additional Notes:

• 12 consecutive months of bank statements required

• Two appraisals required for loan amounts over $2M

• Temporary Rate Buydowns not permitted

• Not eligible in West Virginia or Texas 50(a)(6)

Who It’s For:

• Self-employed borrowers needing alternative documentation

• Business owners financing primary, second, or investment homes

• Clients with multiple financed properties requiring flexible jumbo-style solutions

Overview:

The Self-Employed Bank Statement Loan is tailored for borrowers who run their own businesses and may not fit traditional income documentation guidelines. By using 12 months of bank statements, it allows flexibility on purchases and refinances up to $3M.

Key Highlights:

• 660+ FICO with LTVs up to 85%

• Loan amounts up to $3M

• Up to 50% DTI

• At least one borrower must be self-employed

• No minimum tradeline requirements

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

Reserve Requirements:

• Loan amounts up to $2M → 6 months’ reserves required

• Loan amounts over $2M → 9 months’ reserves required

Additional Notes:

• Minimum 12 consecutive months of bank statements required

• Two appraisals required for loan amounts over $1.5M

• Temporary Rate Buydowns not permitted

• Not eligible in West Virginia or Texas 50(a)(6)

Who It’s For:

• Self-employed borrowers who cannot qualify with standard income documentation

• Business owners financing high-value primary, second, or investment properties

• Clients seeking flexibility with jumbo-style loan amounts up to $3M

Overview:

The Enhanced Bank Statement Loan expands flexibility for self-employed borrowers with higher DTI allowances and loan amounts up to $3.5M. Using 12 months of bank statements instead of traditional income documentation, it provides competitive solutions for purchases and refinances.

Key Highlights:

• 660+ FICO with LTVs up to 90%

• Loan amounts from $100,000 up to $3.5M

• Up to 55% DTI

• Self-employed borrowers only

• First-time homebuyers allowed on primary and second homes (up to 50% DTI)

• Eligible on primary, second, and investment property purchases, rate/term, and cash-out refinances

Reserve Requirements:

• Loan amounts up to $1M → 6 months’ reserves required

• Loan amounts $1M–$2M → 9 months’ reserves required

• Loan amounts over $2M → 12 months’ reserves required

• Borrowers with more than 1 financed property → +2 months reserves for each financed property

Additional Notes:

• Minimum 12 consecutive months of bank statements required

• Two appraisals required for loan amounts over $2M

• Temporary Rate Buydowns eligible

• Not eligible in West Virginia or Texas 50(a)(6)

Who It’s For:

• Self-employed borrowers needing higher DTI flexibility

• First-time homebuyers purchasing primary or second homes with non-traditional documentation

• Business owners financing or refinancing properties up to $3.5M

DSCR (Debt Service Coverage Ratio) loans are designed for real estate investors who qualify based on property cash flow rather than personal income. With financing available for multiple properties, DSCR loans provide flexibility and scalability for investors in California and Washington, D.C.

Key Highlights:

• 640+ FICO, up to 80% LTV

• Loan amounts up to $2M

• Minimum DSCR: 0.00 (qualify purely on property cash flow)

• Eligible on investment purchases, rate/term, and cash-out refinances

• Finance up to 20 properties

• Minimum 6 months’ reserves required

• Prepayment penalty structures: 3/2/1, 2/1, 1/1 (where permissible by law)

• Two appraisals required for loan amounts over $2M

• Eligible to close in an LLC (Limited Liability Company)

• Gift funds allowed:

  • 5% gift on LTV ≤ 80%

  • 10% gift on LTV ≤ 70%

Who It’s For:

• Real estate investors qualifying based on property income rather than personal income

• Clients financing or refinancing multiple investment properties in CA and D.C.

• Borrowers structuring ownership under LLCs for flexibility and protection

Overview:

The DSCR Plus Loan is built for investors who want expanded flexibility while qualifying based on property income rather than personal income. With higher loan limits, lower reserve requirements, and no cap on the number of financed properties, it’s a strong option for scaling portfolios in California and Washington, D.C.

Key Highlights:

• 660+ FICO, up to 80% LTV

• Loan amounts from $50,000 up to $3M

• Minimum DSCR: 1.00

• Eligible on investment purchases, rate/term, and cash-out refinances

• No limit on the number of financed properties

• Minimum 3 months’ reserves required

• Prepayment penalty structures: 3/2/1, 2/1, 1/1 (where permissible by law)

• Eligible to close in an LLC (Limited Liability Company)

• Gift funds allowed:

  • For LTV > 75% → borrower must contribute at least 5% of their own funds

  • For LTV ≤ 75% → no minimum borrower contribution

Who It’s For:

• Real estate investors scaling portfolios in CA and D.C.

• Borrowers seeking reduced reserve requirements and higher loan flexibility

• Clients structuring property ownership through LLCs

Overview:

The DSCR Flex Loan is designed for investors who want maximum versatility, with no minimum DSCR requirement and financing available for up to 20 properties. It’s built to give California and Washington, D.C. investors more flexibility in qualifying based on property cash flow.

Key Highlights:

• 660+ FICO, up to 80% LTV

• Loan amounts from $75,000 up to $2M

• Minimum DSCR: 0.00

• Eligible on investment purchases, rate/term, and cash-out refinances

• Finance up to 20 properties

• Minimum 3 months’ reserves required

• Loan amounts > $500,000 → 6 months’ reserves required

• Prepayment penalty structures: 3/2/1, 2/1, 1/1 (where permissible by law)

• Eligible to close in an LLC (Limited Liability Company)

• Gift funds allowed:

  • For LTV > 75% → borrower must contribute at least 5% of their own funds

  • For LTV ≤ 75% → no minimum borrower contribution

Who It’s For:

• Real estate investors qualifying on property cash flow with maximum flexibility

• Clients financing up to 20 properties in CA and D.C.

• Borrowers using LLC structures to manage investment portfolios

Overview:

The DSCR Pro Loan is built for experienced investors who want stronger leverage with a minimum DSCR requirement of 0.80. With financing available up to $3M and eligibility for multiple properties, it provides a professional-grade option for scaling portfolios in California and Washington, D.C.

Key Highlights:

• 660+ FICO, up to 80% LTV

• Loan amounts from $100,000 up to $3M

• Minimum DSCR: 0.80

• Eligible on investment purchases, rate/term, and cash-out refinances

• Finance up to 20 properties

• Minimum 3 months’ reserves required

• Prepayment penalty structures: 3/2/1, 2/1, 1/1 (where permissible by law)

• Two appraisals required for loan amounts over $1.5M

• Eligible to close in an LLC (Limited Liability Company)

• Gift funds not allowed

Who It’s For:

• Real estate investors with stronger rental cash flow ratios

• Borrowers financing multiple properties up to $3M in CA and D.C.

• Clients structuring investment ownership through LLCs

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Overview:

One-Time Close New Construction loans simplify the building process by combining construction and permanent financing into a single closing. Borrowers benefit from one interest rate, one down payment, one credit report, and one approval — saving time, cost, and hassle while locking in their dream home.

Key Highlights – Conventional Loans:

• 15- and 30-year fixed conventional, high-balance, and 7- and 10-year ARM options

• Eligible for primary, second, and investment property purchases and rate/term refinances*

• Loan amounts up to conforming loan limits

• 700+ FICO, up to 95% LTV

• DU eligible

• 11-month maximum build period + 1-month modification period

• Interest-only monthly payments during build period

Key Highlights – VA Loans:

• 30-year fixed loans

• Loan amounts up to $4M

• Eligible on primary home purchases and cash-out refinances*

• 580+ FICO, up to 100% LTV

• DU eligible

• 11-month maximum build period + 1-month modification period (deducted from loan term)

• No monthly payments during build period

Who It’s For:

• Homebuyers wanting one seamless closing for construction and permanent financing

• Real estate agents and builders seeking an easier path to move clients into new construction homes

Overview:

One-Time Close New Construction loans simplify the building process by combining construction and permanent financing into a single closing. Borrowers benefit from one interest rate, one down payment, one credit report, and one approval — saving time, cost, and hassle while locking in their dream home.

Key Highlights – Conventional Loans:

• 15- and 30-year fixed conventional, high-balance, and 7- and 10-year ARM options

• Eligible for primary, second, and investment property purchases and rate/term refinances*

• Loan amounts up to the conforming loan limits

• 700+ FICO, up to 95% LTV

• DU eligible

• 11-month maximum build period with 1-month modification period

• Interest-only monthly payments during build period

Who It’s For:

• Borrowers wanting one seamless closing for construction and permanent financing

• Real estate agents and builders seeking an easier path to move clients into new construction homes

• Families looking for simplified financing with only one closing

Wexmoor Support:

For additional support on structuring and processing this loan, please reach out directly through Wexmoor Circle. We coordinate One-Time Close New Construction Desk to ensure smooth handling of files and quick turnarounds.

📧 ie@wexmoorcircle.com

📞 307.460.7694

💬 424.425.6116

Overview:

Temporary Rate Buydowns give borrowers the flexibility to reduce their interest rate and monthly payment for the first 1–3 years of their mortgage. This creates lower upfront costs and an easier transition into long-term homeownership.

Key Highlights:

• 1-, 2-, and 3-year buydown options available

• Eligible on purchase and rate/term refinances for primary and second homes with conventional 15- and 30-year fixed and ARM loans

• Eligible on primary home purchases for FHA 15- and 30-year fixed loans

• Eligible on primary and second home purchases for Jumbo Blue, Pink, and Yellow 30-year fixed loans

• Eligible on manufactured homes

Who It’s For:

• Borrowers seeking lower initial monthly payments during the first years of their loan

• Homebuyers who expect rising income or cash flow in the near future

• Families looking for a smoother financial entry point into homeownership