Lowest Rates

SIVA Elite

Our Premiere product in Alt-Doc Financing. SIVA Elite has the LOWEST Non-QM Interest Rates in the Nation and is now available to both W2 and Self-Employed Borrowers.

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Program Details

An incredible product for individuals who have too many write-offs on their tax returns to qualify for a Full-Doc Mortgage or just haven’t had long enough seasoning at their current employment. SIVA Elite eliminates the possibility of being denied a mortgage due to issues deriving from a Borrower’s income.

Purchase

  • O/O – 70% LTV to $2M.  50% LTV to Unlimited**.
  • N/O/O – 65% LTV to $2M.  50% LTV to Unlimited**.
  • SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines)).
  • Seller minimum ownership seasoning: 6 months
  • 700 Mid Fico Score.
  • No history of BK, FC, SS, Charge-Off’s, Tax Liens.
  • Max 1×30 in past 12 months.
  • With qualifying Reserves, DTI will not be calculated and no Seasoning of Employment is Required.
    • Reserves:
      • 6 months reserves of subject plus 2 months reserves of each additional property owned and financed, Sourced & Seasoned for 2 months with qualifying Income Documentation (CPA Letter or VOE).
      • 18 months reserves Sourced and Seasoned for 2 months when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT.
      • 36 months reserves Sourced and Seasoned for 2 months when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.
  • Self-Employed and Wage Earner borrowers accepted.
  • No Pre-Payment Penalties.
  • Gift Funds allowed.  Minimum 5% of Purchase Price + Reserves must be Borrower’s own funds
  • Sourced and Seasoned for 2 months.
  • No max properties owned/financed, 15 max properties on NOO owned and financed. Free and Clear properties and Commercial properties are exempt.

Refinance

  • O/O
    • R/T – 70% LTV to $2M.  50% LTV to Unlimited**.
    • C/O – 50% LTV to Unlimited**.  (Excluding TX)
  • N/O/O
    • R/T – 65% LTV to $1M.  50% LTV to Unlimited**.
    • C/O – 50% LTV to Unlimited**.  (Excluding TX)
  • SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines)).
  • 700 Mid Fico Score.
  • No history of BK, FC, SS, Charge-Off’s, Tax Liens.
  • Max 1×30 in past 12 months.
  • No Max Cash-Out.
  • With qualifying Reserves, DTI will not be calculated and no Seasoning of Employment is Required.
    • Reserves (Based on PITIA):
      • 6 months reserves Sourced and Seasoned for 2 months with qualifying Income Documentation (CPA Letter).  *On N/O/O transactions, the borrower must also possess 2 months reserves Sourced and Seasoned for 2 months on each additional property owned/financed in addition.
      • 18 months reserves Sourced and Seasoned for 2 months when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT.
      • 36 months reserves Sourced and Seasoned for 2 months when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.
  • Self-Employed and Wage Earner borrowers accepted.
  • No Pre-Payment Penalties.
  • No max properties owned/financed (N/O/O Max Properties Financed is 8 including Subject Property).

HELOC

  • No Appraisals up to $500K.
    • O/O
      • 60% LTV to $1M as a 1st T/D.
      • 60% LTV to $1M as a 2nd T/D.
      • 50% LTV to Unlimited**.
    • N/O/O
      • 60% LTV to $1M as a 1st T/D.
      • 60% LTV to $1M as a 2nd T/D.
      • 50% LTV to Unlimited**.
    • SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines)).
    • No Max Cash-Out. (Excluding TX)
    • No Seasoning of Ownership.
      • < 6 Mos Purchase Price
      • > 6 Mos Appraised Value
    • 700 Average Fico Score.
    • Foreign National Borrower’s OK – Passport Only.
    • No history of BK, FC, SS, Charge-Off’s, Tax Liens.
    • Max 1×30 in past 12 months.
    • With qualifying Reserves, DTI will not be calculated and no Seasoning of Employment is Required.
      • Reserves (Based on PITIA):
        • 6 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) with qualifying Income Documentation (CPA Letter or VOE).
        • 18 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) when Borrower owns at least 1 other property than Subject and then qualifies with NO DTI REQUIREMENT (Based upon initial minimum draw of $50K + All Payoffs (if any).
        • 36 months reserves Sourced and Seasoned for 2 months (Based upon initial minimum draw of $50K + All Payoffs ((if any)) when  Borrower does not own any other properties than Subject and then qualifies with NO DTI REQUIREMENT.
    • Self-Employed and Wage Earner borrowers accepted.
    • No Pre-Payment Penalties.
    • No max properties owned/financed.

CA IL MA MD NV NY NJ TX WA

** Unlimited Loan Amounts are taken on a case-by-case basis and decision will be based on compensating factors of Borrower’s strengths such as High Reserves, Excellent Credit, etc.

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Frequently Asked Questions

TLA Bancorp is an experienced and seasoned licensed lender, offering loans to brokers, realtors, and consumers alike.  Just tell us about yourself, your home, and your finances, and we’ll give you real rates and numbers. We’ll get you approved and be open to any and all questions you may have that will help you choose the mortgage that’s right for you.

TLA Bancorp is a seasoned licensed lender offering products to industry professionals and consumers alike.  Just tell us a little about yourself, your home, and your finances and we’ll be able to give you real rates, costs (if any), and turn times immediately while ensuring we address all your questions and concerns throughout the process.

We provide award-winning customer service and expert advice when you need it 24 hours a day, 7 days a week. Our team is ready to assist you at any time.

Yes. Protecting your personal information is our top priority.

TLA Bancorp is located at 29209 Canwood Street Ste 210, Agoura Hills, CA 91301.

Certain programs will require certain credit criteria and requirements. However, some do not require any credit requirements of any kind at all. Please call one of our professional team members for more information.

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