LENDING PROGRAMS

The key is to originate into programs organized with
cascading document types.

Vista Point Mortgage offers two non-Agency residential mortgage loan programs with distinct documentation options. Our products give you the flexibility to efficiently and clearly direct your borrower to the most suitable loan.

  &  

IT'S EASY, JUST FOLLOW
THIS SIMPLE FORMULA

lending-program-formula

IDENTIFY
BORROWER
PROFILE

CHOOSE
DOC TYPE
OPTION

=

OPTIMAL LOAN PROGRAM

PRIMEPOINT

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 cascading document types to further address specific income circumstances in the demonstration of ability to repay.

INVESTPOINT

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 cascading document types to further address specific income circumstances in the demonstration of ability to repay.

 

PRIMEPOINT

Primary and Second homes

Matrix

 

 

 

 

 

 

  • 1 x 30 x 12 or 0 x 60 x 12 mortgage lates
  • 36 and 24 months to credit events
  • Limited Credit allowed
  • 620 minimum FICO
  • Multiple Full Doc and Alt Doc Options
  • Loans to $2.5mm
  • C/O to $1mm
  • C/O used as reserves
  • DTI to 55%
  • 90% to $1mm
  • 40 year amortization to qualify
  • 5/1, 7/1 ARMs; 30year fixed; 40year IO
  • IO option
  • Expansive property types including non-warrantable condos

INVESTPOINT

Non-Owner and Investor

Matrix 

 

 

 

 

 

 

  • 1 x 30 x 12 or 0 x 60 x 12 mortgage lates
  • 36 and 24 months to credit events
  • 620 minimum FICO
  • Multiple Full Doc and Alt Doc Options including DSCR >= 1.00
  • For DSCR, use Interest Only payment to qualify
  • Loans to $2.5mm
  • C/O to $1mm
  • C/O used as reserves
  • DTI to 55%
  • 80% to $1mm
  • 40 year amortization to qualify
  • 5/1, 7/1 ARMs; 30year fixed; 40year IO
  • IO option
  • Expansive property types including non-warrantable condos

 

contact us to discuss

 

 

 

 

 

 

CASCADING DOCUMENT TYPES

FULL DOC
OPTION

  • Standard Agency income documentation
  • 1 Year W-2 / Tax Returns
16-01

ALT DOC
OPTION

  • 12 or 24 months Bank Statements
  • 12 or 24 months Bank Statements combined with 2 months Asset Statements
  • 6 months Asset Statements
17-01

DSCR
OPTION

  • Investor DSCR (Debt Service Coverage Ratio)
18-01