All Forum Posts by: Anthony Williams

@erikestrada Thank you - my thoughts are the same. great info you responded to. With markets changing and guidelines shifting - there is always customers looking for the unicorn loan options however hope not to ever go back to that anytime soon. Of course without any type of significant asset, barely funds for closing and down payment and traditional income, in this case, borr needs to build credit and save for down payment to have more options and pricing monthly payment flexibility such as interest only.  

I have not seen anything out there for the primary residence with 15% down on no ratio deal. NON QM is all about strength in borr via credit score, ltv and reserves, down payment ext. 

Thank you Erik for your input. 

I get this question a lot these days. While most no ratio deals I work on with 740 fico go up to 75% on a purchase / investor / dscr / multi unit 2 - i have not seen anything out there for the primary residence with 15% down on no ratio deal. "The unicorn"

 Hey Brendan, thank you for your reply. We are at the same +- $8M max lend on single property and uptown $15M on a portfolio for one party max. I'll keep in touch for new opportunities. 

Re; DSCR - anybody doing $10M loan amount DSCR with 50% down on $20M property with no ratio financing? this seems to be a bigger challenge even though borr is 750 credit - 24 months PITI reserves and looking for these larger - currently I can go upto $8M DSCR with 50% to 60% ltv. this is for mulit states - not just california.