Stated Income Verified Income SIVA
April 27, 2018

SIVA Simple

Our most famous product.  Available for Purchases and Refinances in both ARM’s and HELOC (I/O), the SIVA Simple Program has been compared to most Private Money sources while having rates similar to a Conventional product.  You won’t find a more simplistic program in the Nation and for most scenario’s it’s the only logical alternative to Hard Money.


SIVA Simple is designed for Borrower’s with a good amount of equity and that is the greatest deciding factor in underwriting this product.  There isn’t a minimum Fico score requirement nor employment verification of any kind. Assets are not verified and AVM’s are possible for smaller loan amounts, giving the potential of not requiring an appraisal.  Not only is this the only SIVA Simple product with rates starting in the 4’s in the Nation, it’s also an easier process than most Hard Money transactions.

All Transaction Types

60% to $2M. 50% to Unlimited**

  • O/O + N/O/O
  • 1 day ownership seasoning OK
  • SFR 1-4, Condo’s,PUD’s (Warrantable Only ((Freddie-Mac Guidelines))
  • County Select (Click for current Counties List)
  • Income is not verified by any means
  • No Minimum Fico Required
  • Foreign National Borrower’s OK – Passport Only
  • Minimum 1 Year out of Bk, FC, SS
  • 1×60 Allowed in Past 12 Months
  • Collections over $5K + All Tax Liens + Charge-Offs must be paid at closing
  • No Max Properties Owned/Financed
  • Base Employee Income must be stated at 45% max DTI and Borrower must be same employment for a minimum of 2 yrs. Not verified.
    • Reserves:
      • 18 months reserves with VOD addressed to borrower reflecting current balance when Borrower owns at least 1 other property than Subject.
      • 60 months reserves with VOD addressed to borrower reflecting current balance when Borrower does not own any other properties than Subject.


Counties List

** 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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