5 Doc Types. 1 Product. Introducing Prime Plus.

Every file is different. The borrower with two years of clean tax returns. The self-employed business owner whose write-offs tell a different story than their bank account. The retiree who is asset rich but light on W-2 income. Agency guidelines were not built to say yes to all of them. Prime Plus was.

Prime Plus is PwrTPO's newest Non-QM product, launching August 10th. It is one flexible program built around five documentation paths, so you have a common-sense answer for the borrowers agency underwriting leaves behind.

The Five Documentation Paths

1. Full Documentation

Traditional income documentation for borrowers who qualify the conventional way, but need a loan agency guidelines will not deliver. Think loan amounts over the conforming limit, files too far outside the jumbo box, an AUS refer that needs a common-sense manual underwrite, or a non-warrantable condo the agencies will not touch. Same tax returns. Same W-2s. A different answer.

2. Streamline Documentation (1 Year)

One year of income documentation instead of two. Built for the borrower whose most recent year tells the real story, not the borrower whose file gets weighed down by an older, less representative year of returns.

3. Bank Statement

Their CPA did their job. Now we do ours. Bank Statement documentation qualifies self-employed borrowers off 12 or 24 months of bank statements instead of tax returns, so write-offs that reduce taxable income do not also reduce their buying power. No tax returns required, and no asking them to file differently next year.

4. Asset Depletion

For borrowers who are asset rich but do not fit the agency income box, Asset Depletion converts assets into qualifying income, calculated over 84 months. There is no age requirement and no employment income needed, up to 85% LTV, with no reserves required. A borrower with $1,000,000 in assets might qualify for roughly $4,000 a month on an agency loan and be told to wait until 62. With Prime Plus, that same borrower can qualify for roughly $11,900 a month, at any age. They retired early. They did not retire from buying real estate.

5. 12-Month P&L

One page from the borrower's CPA can carry more weight than two years of tax returns. The 12-Month P&L path uses a CPA-prepared profit and loss statement plus two months of bank statements, so the qualifying number reflects what the business actually earns rather than a standardized expense ratio. No tax returns. No expense-ratio guesswork. Same borrower, a better number.

Program Highlights

• Loan amounts up to $3,500,000

• LTV up to 90%

• FICO from 660

• DTI to 55% (700 FICO, 80% LTV, primary residence only, no first-time homebuyers, 1.5x residual income required)

• Interest Only eligible (700 FICO, 85% LTV maximum)

• Housing event seasoning of 4 years

• Owner Occupied, Second Home, and Investment properties all eligible

• Warrantable and Non-Warrantable Condos eligible

Five documentation paths. One flexible product. A common-sense way to say yes to more of the borrowers already in your pipeline. Contact your Account Executive for full details and eligibility guidelines on Prime Plus.

Equal Housing Lender  |  NMLS ID# 1124061

All loans are subject to underwriting review and approval.

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