Best Capital Funding

BEST CAPITAL NON-AGENCY – SILVER PROGRAM

Here are our non-QM lending option that provides consumers the unique flexibility to get approved with 12- or 24-months bank statements or 12- or 24-months full documents.

HERE ARE THE FEATURES FOR NON-QM:

  • $150K to $5M
  • No seasoning requirement on settled derogatory credit, such as deed-in-lieu, bankruptcy, foreclosures and short sales
  • Min of 2-months reserve on subject and 2-months reserve on each additional up to 12 months
  • No reserve required on debt consolidation when new payment is lowered by 10{0d5f01432dfec5267d197da734d16f8c5956ea3c1bf207ac7681e2af2cad328e} and closing costs are recouped within 60 months
  • Cash in hand may be used to meet reserve requirements (restrictions apply)
  • Max DTI up to 55{0d5f01432dfec5267d197da734d16f8c5956ea3c1bf207ac7681e2af2cad328e} (restrictions apply)
  • 1x120x12 mortgage late payments on Grade C
  • Non-occupant co-borrower allowed
  • Up to 20 financed properties (max 10 acres)
  • 5/1 & 7/1 ARM, 30-year fixed, with 30- and 40-year interest-only

Non QM Expanded –  For borrowers with good credit

  • Up to 95{0d5f01432dfec5267d197da734d16f8c5956ea3c1bf207ac7681e2af2cad328e} LTV to $1.5M on Purchase and R&T
  • FICOs from 660

Non QM Portfolio –  For borrowers with less than perfect credit

  • Up to 90{0d5f01432dfec5267d197da734d16f8c5956ea3c1bf207ac7681e2af2cad328e} LTV to $1.5M on Purchase and R&T
  • FICOs from 580 exceptions are available under 580.
  • Pricing on Grade A, B, B-, C, based on credit worthiness

Investment DSCR

  • Up to 80{0d5f01432dfec5267d197da734d16f8c5956ea3c1bf207ac7681e2af2cad328e} LTV to $1M
  • FICOs from 620