+ InvestorFind a program that fits.
Bank statements, P&L, 1099, DSCR, and more. Open an income type to see its limits and every Cake program that accepts it.
Programs by income type
Alt doc
- Bank statements
Self-employed borrowers whose tax returns understate what the business earns.8 cakes · 620+ · to 90% · $4M - P&L onlySelf-employed borrowers with a profit and loss statement prepared by a tax professional.8 cakes · 660+ · to 85% · $3M
- 1099Independent contractors and 100% commission earners paid on a 1099.8 cakes · 620+ · to 90% · $4M
- WVOE onlySalaried borrowers whose employer will complete a written verification of employment.6 cakes · 620+ · to 80% · $3M
- Asset utilizationBorrowers with liquid assets and little or irregular income, such as retirees and investors.8 cakes · 620+ · to 85% · $3M
DSCR
- DSCR, 1 to 4 unitsInvestors financing a rental on the property’s income, with no employment or tax returns on the application.8 cakes · 620+ · to 85% · $3.5M
- DSCR, 5 to 8 units
Investors financing a small apartment building on its rents.3 cakes · 660+ · to 75% · $3M - Foreign nationalBorrowers who live and work outside the United States and buy or refinance US rentals.6 cakes · 660+ · to 75% · $3M
The rulebooks.
The matrices set the limits. The guidelines govern everything else, and Cake adds no overlays on top of either.
- Closed-end second guidelinesVersion 2.1(PDF, opens in a new tab)
- Non-QM guidelinesVersion 5.0(PDF, opens in a new tab)
- DSCR guidelinesVersion 5.0(PDF, opens in a new tab)
A file that doesn't fit a matrix cleanly? Talk it through with an account executive before you promise the borrower anything.
(833) 717-0401Have the numbers?
Enter the borrower's income documentation, credit score, LTV, and loan amount to see every program that fits.
Meet the cakes.
Each cake is one of our loan programs. Open one to see its limits for each income type, its Lite and investor versions, and its matrices.
- + Investor
- + Lite
+ Investor
+ Lite- + Lite
+ Lite
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