LoanCOMPASS contains real-time eligibility guidelines and loan-level price adjustments (LLPA) for more than 900 niche and non-QM products through our network of more than 50 correspondent investors, including:
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Jumbo loans
Home loans that exceed the maximum loan limit for conforming loans
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Alt doc (alternative documentation) loans
Products like asset depletion loans, bank statement loans and 1099 loans that use non-traditional methods of calculating income
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Down payment assistance (DPA) products
Affordable first mortgages, forgivable second liens and mortgage credit certificates designed to cover some or all of the borrower’s down payment or closing costs
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Short-term financing
Construction loans, bridge loans, fix and flips and other products designed to close the gap between buying and selling property
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Investment property loans
Debt service coverage ratio (DSCR) and other products that help landlords qualify for a mortgage based on projected rental income
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Home-equity products
Home-equity loans and lines of credit that let borrowers tap more of their equity than might be available through standard products
Acra Lending
Acra is a private provider of mortgage lending services intended for self-employed, investor, and foreign national borrowers. We specialize in non-QM and investor programs such as bank statement loans, bridge loans, fix and flips, jumbo loans, multi-family financing, and investor cash flow, enabling clients to achieve their purchase and investment goals.
LoanCOMPASS helps you find the riches in lending niches
Non-QM loans and other niche lending products open doors for borrowers who don’t fit into standard lending scenarios. Offering the right niche product can make all the difference between denying an applicant and closing a loan. It’s a win-win-win for borrowers, lenders and investors.