Products

At FlexPoint Wholesale, we specialize in non-Agency / non-QM lending solutions. Our products offers diverse options to fit most borrower’s needs.

Bank Statement

Help your clients qualify without a tax return

 

  • Loan amounts up to $4Mil, Refis up to $3Mil
  • 12- and 24-month bank statements option
  • Gift funds allowed
  • Cash out can be used for reserves
  • We can go up 80% LTV cash out
  • First Time Home Buyer allowed
  • 40 YR I/O term available
  • Transferred appraisals allowed
  • Maximum LTV 90% purchase

DSCR

Assist your real estate investor clients easily grow their portfolios
  • Loan amounts up to $3.5Mil, Refis up to $2Mil
  • No income no employment
  • Cash out for business purpose is allowed up to 75%We can go up 80% LTV Purchase
  • First time investors are allowed with restrictions.
  • Gift Funds Allowed
  • FT investor allowed
  • 40 YR I/O Term Available
  • Condotels is allowed
  • 5-8 Units or 2-8 mixed use allow with restrictions

Full Doc

Your clients can reach higher loan limits with our full doc Jumbo loan program

 

  • Rates start at 5.875% 7/6 SOFR
  • Owner-Occupied
  • LTV up to 90%
  • Loan amounts up to $3,500,000
  • We can go up 85% cash out
  • DTI up to 50%
  • 40 YR I/O Term available
  • Interest only option available
  • Fast closing turn-time

Asset Utilization

 

  • Rates starting at 6.125% (Fixed and ARM)
  • Eligible assets divided by 84
  • Loan amounts up to $3.5mil
  • Unlimited cash-out amounts
  • As little as 1yr BK/FCL/Mod seasoning
  • 40-year interest-only options
  • Non-Warrantable Condos and Condotels allowed
  • Gift funds allowed for all occupancy types

1099 Loans

 

  • Only requires 1 or 2 1099s + a paystub/bank statements showing YTD earnings
  • Assumes a low 10% business expense factor
  • Gift funds allowed.
  • 640 FICO + ,2 FICOs allowed
  • Fast closing turn times
  • Fixed, ARM, and I/O options available
  • Cash-out can be used as reserves

Foreign National Loans

 

  • Rates starting at 6.125% (Fixed and ARM)
  • Loan amounts up to $2mil
  • LTVs up to 75%, cash-outs to 70%
  • Foreign credit okay, as little as 2yrs BK/FCL/Mod seasoning
  • Condotels allowed
  • First-time investors allowed for DSCRs
  • Fast closing turntimes

FHA Loans

  • No overlays
  • Minimum 550 FICO
  • Manual underwrites available
  • Non-Traditional Credit allowed
  • High balance available
  • Max DTI per AUS approval or max 50% DTI
  • FHA streamline available
  • Minimum loan amount $75k
  • Non-Occupant Co-Borrower allowed

Fannie Mae

 

  • Up to 97% LTV
  • Minimum 620 FICO
  • High balance available
  • HomeReady & HomePossible
  • 1 FICO score can be eligible
  • Non-Permanent Resident Aliens allowed
  • Minimum loan amount $75k

VA Loans

 

  • Cash-out up to 90% LTV
  • VA Interest Rate Reduction Refinance available  
  • AUS Approve, Accept/Eligible or Refer/Eligible with manual underwrite
  • Max DTI per AUS approval or standard max 50%
  • Rental income allowed per guide
  • Manufactured homes allowed per HUD

DPA CalHFA FHA_VA

 

  • Loan Amounts up to $970,800
  • DTI up to 50%
  • Credit Scores down to 640
  • LTV to 100% and CLTV to 105%

DPA CalHFA Conventional

 

  • Follows conforming county loan limits
  • DTI up to 50%
  • Credit Scores down to 680
  • LTV to 97% and CLTV to 105%

TSAHC HFA Conventional

 

  • Follows conforming county loan limits
  • DTI up to 50%
  • Credit Scores down to 640
  • LTV to 97% and CLTV to 105%

TSAHC HFA Government

 

  • Follows FHA/VA county loan limits
  • DTI per AUS
  • Credit Scores down to 620
  • LTV to 100% and CLTV to 105%

Chenoa DPA

  • No Income Limits!
  • Minimum FICO score of 600
  • Do not have to be a first-time homebuyer.
  • Fast approval without review delays
  • Up to 2-units, rent can be used to help qualify.

Home Equity Loans

  • Loan amount up to $450,000
  • Credit Scores as low as 660
  • CLTV up tp $2,000,000
  • Condo/Townhomes/Modular OK
  • Only 2 FICO`s OK

Jumbo Loans

  • Jumbo Loans to $3,500,000
  • Credit scores as low as 700
  • LTV Up to 89.99%
  • Condo/Townhomes OK
  • 2-Unit Properties OK
  • Up to 6% IPC Allowance