Vista Point Mortgage offers NonQM residential mortgage and business purpose loan programs with distinct documentation options. Our products give you the flexibility to efficiently and clearly direct your borrower to the most suitable loan.
Owner
Occupied
Primary and
Second
Homes
Is designed for owner occupied and second home borrowers who require flexibility in mortgage history, credit history, and/or payment and documentation options. This program offers expanded credit parameters for multiple borrower profiles while utilizing multiple document types to further address specific income circumstances in the demonstration of ability to repay.
- Mortgage lates and reduced seasoning for credit events
- Full Doc and 1yr W-2
- WVOE
- Bank Statements
- P&L Only
- 1099
- Asset Depletion
- Expansive property types including non-warrantable condos and condhotels
Non-Owner
Occupied
Investor and
Business
Purpose
Is designed for non-owner or investment property borrowers that may or may not have had previous investor experience. This program offers expanded credit parameters for multiple non-owner borrower profiles while utilizing multiple document types to further address specific income circumstances in the demonstration of ability to repay.
- Mortgage lates and reduced seasoning for credit events
- DSCR
- Full Doc and 1yr W-2
- Bank Statements
- P&L Only
- Asset Depletion
- Expansive property types including non-warrantable condos and condhotels
Equity
Solutions
Owner and
Non-Owner
2nd Mortgage
Is a Second Lien that can be a standalone or piggyback transaction. It is designed to go behind low-interest rate NonQM, QM and Non-Owner-Occupied 1st Mortgages
- Closed-end second mortgage
- HELOC (Home Equity Line Of Credit)
- Owner and non-owner
- Full Doc and 1yr W-2
- Bank Statements