SIVA Preferred

Long Fixed Terms

Designed for Borrowers with less than perfect credit, SIVA Preferred is an excellent alternative to the Elite product.

Program Details

Although a little more documentation is required than on the Elite, the program may also revel in it’s own merits such as longer fixed terms and no LTV hits for occupancy. Also, being a SIVA product, the same principles of not documenting income through traditional methods still applies, while the interest rates offered are competitive to that of a Full-Doc mortgage. Liberal underwriting is the ethos of this product and most will find that obstacles simply do not exist when funding under this program.

Purchase + Refinance

O/O + N/O/O 1 Unit SFR + PUD’s (Warrantable Only ((Fannie-Mae Guidelines)).
- 70% LTV to $1M (680+ FICO)
- 65% LTV from $1M – $1.5M (700+ FICO)
  60% LTV from $1.5M to $2.5M (720+ FICO)
Condo’s (Warrantable Only ((Fannie-Mae Guidelines).
- 65% LTV to $1M (680+ FICO)
- 60% LTV from $1M – $1.5M (700+ FICO)
2 – 4 Units
- 60% LTV to $1.5M (700+ FICO)
Derogatory Seasonings
Bankruptcy 7+13 – 3 Years
SS + DIL – 2 Years
Foreclosure – 5 Years
Loan Modification – 1 Year
Max 1×30 in past 12 months.
Self-Employed + Wage Earner Borrower’s Only
W2 Wage Earner
- Must present VOE reflecting 40% MAX DTI
Self-Employed Borrowers
- CPA or EA Letter Required.
- Borrower prepared P&L reflecting a net income of 40% MAX DTI signed by CPA or EA and Borrower.
- Proof of Self-Employment for a minimum of 2 Years such as Articles of Inc, Business Licenses, or Professional License.
Reserves: 12-Months
No Pre-Payment Penalties.
Gift Funds Allowed – 10% of Purchase Price + Reserves must be Borrower’s own funds.
10 maximum properties owned/financed.
All Properties Zoned Residential Accepted.

CA ONLY

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

How everything works

Apply in minutes

Get personal loan options customized based on what you tell us.

Choose a loan program

Select the rate, term, and payment options you like best.

Get funded

Your loan could be sent straight to  your bank account.

Frequently Asked Questions

What is TLA Bancorp?

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.

What is TLA Bancorp?

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.

Why Should I use TLA Bancorp?

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.

Is TLA Bancorp Safe to use?

Yes. Protecting your personal information is our top priority.

Where is TLA Bancorp Located?

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

What Credit Score Do I Need to Apply?

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.