Key features:
- Up to 90% LTV
- Up to $3,000,000 maximum loan amount
- $100,000 minimum loan amount
- 640 minimum FICO score
- Fixed terms and ARMs available
- Interest-only ARMs option available (30 and 40-year)
- Primary residence, second homes, and investment properties
- Up to 50% DTI
- 6-12 months’ reserves
- 1-4 units, PUDs, and warrantable condos
- Unlimited cash out available
- First Time Homebuyers eligible
Additional Products in the Two-X Flex Suite
Two-X Flex Full Doc
A full-document product that allows your unconventional borrowers to qualify with two years of income documentation and expanded qualifying ratios.
- Two years of full income documentation
- RSUs permitted
Two-X Flex 1 Year
This option allows some of your borrowers to qualify based on as little as one year of income documentation.
Key features:
- 12-23 months self employment with 2 year history in same business
- Variable incomes now permitted
Two-X Flex Bank
With no tax returns or 4506 required, self-employed borrowers can qualify using bank statement deposits.
Key features:
- Income calculated based on 12 or 24 months deposits from personal or business account
- Up to 100% of deposits
- Up to 3 businesses permitted
- One borrower must be self employed
- 1099 employment accepted
- W2 co-borrowers income allowed
Two-X Flex Asset
With Two-X Flex Asset, your borrowers may qualify solely on their existing assets with no employment needed. This can also be combined with the Two-X Flex Product.
Key features:
- Independent contractors or commissioned employees permitted
- Single source or multiple sources of 1099 income
- Income calculated based on 1 on 2 years 1099s
- W2 converted to 1099 accepted
Two-X Flex 1099
With Two-X Flex 1099, your borrowers may qualify using single source or multiple sources of 1099 income.
Key features:
- Independent contractors or commissioned employees permitted
- Single source or multiple sources of 1099 income
- Income calculated based on 1 or 2 years 1099s
- W2 converted to 1099 accepted
Two-X Flex P&L
This product may allow your borrowers to qualify with as little as 12 months of self-employment income from profit and loss (P&L) statements.
Key features:
- 12 or 24 months P&Ls required
- W2 co-borrower income allowed
- ≥12 months of self-employment income for P&L statements
- Up to 3 businesses permitted
Two-X Flex Expanded
Two-X Flex Expanded is designed to extend borrowing opportunities to more hopeful homeowners.
Key features:
- FICO scores as low as 640.
- Missed payments due to COVID forbearance.
- Bankruptcies or foreclosures, short sales, and more.