Aspire Expanded

Guidelines

  • Loan amounts from $100,000 to $4,000,000
  • Alt doc income options include 12–24 mo bank statements, 1099, P&L, WVOE, Asset Depletion, and Asset Utilization
  • Maximum 55% DTI
  • Fixed, ARMs, 40-year, and Interest Only options
  • Non-warrantable condos and condotels eligible
  • Departure residence feature
  • Supports employed, self-employed and non-traditional income borrowers
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Aspire DSCR

Guidelines

  • Loan amounts from $75,000 to $3,000,000
  • Minimum DSCR 0.75x
  • Borrowers include Individuals, LLCs, Corporations
  • Fixed, ARMs, 40-year, and Interest Only options
  • Short-term rentals eligible
  • Available for 1–8-unit investment properties and non-warrantable condos
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Contact Us

For Approved Sellers: If you are a Loan Officer and have a scenario you wish to discuss, please reach out to your internal Underwriting team.

If you are an Underwriter with a guideline question or scenario and are unsure who to contact from Redwood, please reach out to [email protected]

Disclaimer: Redwood’s Aspire loan programs are conducted through Redwood Residential Acquisition Corporation (NMLS #221649). Redwood does not offer or originate mortgage loans directly to consumers.

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