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👁🗨 Sesemi STR Hot Sheet | 📲 STR Mortgages
Dear Sesemi STReet - our first SPECIAL EDITION guest contributor and premier lending partner LOAN LIBARY delivers AN IMPORTANT INVESTOR UPDATE! Big Break for Buyers — Rates Slide to Yearly Lows! THE LOWEST MORTGAGE RATES of 2025 - rates have dropped to 6.19%
If rates drop to around 5.5%, housing demand could surge by 20–30% almost overnight. Millions of homeowners currently sitting on 3–6% loans would finally re-enter the market, unlocking long-delayed moves, new listings, and fresh buyer competition.🐂
⬇️ In This Volume:
2026 - Increased Conforming Loan Limits
NON-QM (Alternative income & asset verification) Spotlight: Asset Depletion & DSCR
Fixed Second Lien Programs up to $500K (Primary, Second, Investment)
JUMBO ARM Specials
Weekly Program & Rate Highlights
Residential Deal of the Week
📌IMPORTANT MORTGAGE NEWS: 2026 CONFORMING LOAN LIMITS INCREASE!
📊 MORTGAGE PROGRAMS
💰Asset Depletion Qualification Loans
Did you know that you don’t have to sell your portfolio or assets to utilize them to qualify? Instead - borrowers can use their money market or retirement account funds as ‘income’ to qualify. Here’s how: Multiply the proposed payment by two-ish (40% DTI) then take 70% of the value of the portfolio and divide it by 60-84 months. If the balance is sufficient to cover the ‘proposed’ payment, high-asset borrowers can qualify for near conventional loan rates (MUCH BETTER THAN DSCR!)
🥈Closed-End Second Liens are the perfect way to turn built-up equity into opportunity—whether your clients need funds for home improvements, debt consolidation, or new investments.
Credit Score down to 680
Max LTV Up to 90%
Max Loan Amount $750,000
Max Loan Amount up to $350,000 on DSCR
Max Combined Loan Amount $3.5 million
Full Doc, Bank Statements, P&L, WVOE and DSCR
Primary, Second Homes or Investments
Loans up to $750,000 with a minimum of $150,000
Cash-out or rate-term refinance
Owner-occupied, second homes, and investment properties
12 or 24 months’ business bank statementsFull doc (2 years’ tax returns and YTD P&L, or 2 years W-2’s with YTD pay stubs for non-self-employed)
Rates are 30-year fixed, 20-year fixed, 15-year, or 10-year fixed
Up to 50% DTI, depending on LTV
On 1-Unit SFR with a loan amount of $250,000 or less, 2055 exterior appraisal with AVM can be utilized in lieu of full appraisal. AVM must have a high or medium confidence score.
Why Investors Love It💚
• Keeps the first mortgage intact — no need to refinance
• Fixed-rate stability and predictable payments
• Loan amounts up to $500,000
• Available for primary, second homes, and investment properties
• Fast approvals with common-sense underwriting
🧮 Example No-Ratio Program - Primary & 2nd Homes - When income docs don’t work, we do. This loan requires:
No Income or DTI Requirements |
Up to $2.5M Loan Amount ($3M with exception) |
80% Max LTV for Purchase/Rate-Term |
75% Max LTV for Cash-Out |
No Cash-Out Seasoning |
620 Min FICO |
100% Gift Funds Allowed (for down payment & closing costs) |
💡Example DSCR Loan Programs (Debt-Service-Coverage-Ratio)
No Seasoning on Cash-Out Refinances: Unlock equity immediately. |
No Current Appraised Value Seasoning: Just renovated? We use the most recent appraisal. |
No Chain of Title Seasoning: Need to add a new borrower to title? No problem! |
Vacant Properties - we lend on vacant properties. |
Recently Listed Properties - off MLS by closing. |
Fair Market Rent or Current Rent - use whichever is Greater! |
Weekly Rate & Program Highlights
🐘 JUMBO ARM rates are reaching enticing levels with one of our premier jumbo lenders. Intended for prime conventional borrower of primary and secondary residences the 5/1 & 7/1 terms are currently pricing in the low 5%’s and departing residence DTI can be removed from qualifying ratios!
Working on a luxury purchase that requires additional buyer incentives and elite attentive client care? Call Joseph 24/7/365 @ 954-480-7478