PLUS Loan

PLUS

PLUS

PLUS Connect is a mortgage loan program offering financing for primary residences, second homes, and investment properties. It supports FULL DOC, EXPRESS DOC, ASSET UTILIZATION, 12/24 BANK STATEMENT, 1099, and 12/24 MONTH P&L documentation types.

Eligibility:

  • Loan amounts up to $3,000,000 for primary residences, $2,500,000 for investment properties.
  • LTV up to 80% for purchases, 75% for cash-out refinances.
  • Minimum FICO: 620-700, depending on loan type and amount.
  • Asset utilization options with max LTVs: 80% (primary/second homes), 65% (investment properties).
  • High loan limits with competitive LTV ratios.

Benefits:

  • Flexible income documentation options, ideal for self-employed borrowers.
  • Supports asset utilization as qualifying income.
  • Expanded eligibility with FICO requirements starting at 620.

Consideration:

  • Gift funds not allowed for asset utilization.
  • Credit requirements vary by loan type.
  • Maximum DTI and additional property-type-specific restrictions may apply.