Loan Options

PRODUCTS

 

QUALIFIED LOAN PROGRAMS

CONVENTIONAL

  • Up to 97% financing available
  • Minimum FICO 620
  • 0 score financing available
  • Citizen Abroad program available
  • Financing available up to 10 properties
  • FNMA Homestyle Renovation Loan available

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FHA

  • 3.5% down available
  • 203K Full and 203K Streamline
  • 203H Disaster loan
  • Minimum FICO 580
  • 0 score financing available

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VA

  • No down payment required
  • No Private MIP
  • Minimum FICO 580
  • 0 score financing available

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USDA

  • No down payment required
  • Ability to roll in MI for low closing costs
  • Streamline and Streamline Assist programs available
  • Minimum FICO 600

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TVLB

  • Minimum FICO 600
  • -.50 on interest rate for disabled veterans
  • Texas properties only
  • FHA, VA and CONV loans are available under this program

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JUMBO

  • Up to 95% financing
  • Up to 90% financing with NO MI
  • Cashout loans available
  • FICO >660
  • Reduced doc available

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NON-QUALIFIED LOAN PROGRAMS

 

ALT DOC JUMBO FINANCING

Ideal for self-employed borrowers looking to qualify for Jumbo financing based on sourced business deposits on their three most recent bank statements.

  • Up to 95% financing
  • Up to 90% financing with NO MI
  • Cashout loans available
  • FICO >660
  • Reduced doc available

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EARLY ACCESS

Designed for borrowers who have had a significant derogatory credit event and have not met agency seasoning requirements.

  • Foreclosure — allowed after 3 years have passed from the deed transfer date
  • Short-sale — allowed after 2 years have passed from the deed transfer date
  • Chapter 7 or 11 bankruptcy — allowed after 3 years have passed since the discharge or dismissal date
  • Chapter 13 bankruptcy — allowed after 2 years from the discharged date or 3 years from the date of dismissal
  • Credit scores as low as 620
  • LTVs as high as 80%
  • Available for primary residence, second home and investment property purchase and ‘rate and term’ refinance transactions

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EXPANDED RATIO

Designed for borrowers with DTI ratios as high as 50%

  • Credit scores as low as 700
  • LTVs as high as 80%
  • Up to 55% for primary residence transactions with sufficient residual income
  • Available for primary residence, second home and investment property purchase and ‘rate and term’ refinance transactions

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NON-WARRANTABLE CONDOS

Non-warrantable condos are eligible for financing with all of Bayview’s Portfolio Programs (Refer to Bayview’s Non-Warrantable Condo Matrix).

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INVESTOR

For experienced investors who may exceed agency investment property maximums or do not meet traditional income requirements, this loan is designed for investors who own at least three other investment properties or investors with a history of owning, retaining and managing investment properties (three year minimum).

  • Up to $1,000,000 Loan Amount
  • 680+ FICO
  • Up to 65% Loan-to-Value
  • 15 Year and 30 Year Fixed Rate Terms
  • 5/1 and 7/1 Low Interest Adjustable Mortgage Rates (ARMs) Available
  • 12 Month Reserves
  • Cash-Out Loans Available

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ASSET INCLUSION

Designed for borrowers who have adequate assets but do not fit traditional qualifying mortgages, our advanced assets-as-income calculations ensure that qualified borrowers can supplement monthly income with non-liquid or retirement assets.

  • Up to $1,500,000 Loan Amount
  • 700+ FICO
  • Up to 80% Loan-to-Value
  • 15 Year and 30 Year Fixed Rate Terms
  • 5/1 and 7/1 Low Interest Adjustable Mortgage Rates (ARMs) Available
  • 6 or 12 Month Reserves
  • Eligible for Non-Warrantable Condos, When Primary or Secondary Residency
  • Second Homes and Investment Properties Permitted
  • Retirement Funds Accepted

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