Acra Lending

Basic information

QM program

N/A

Loss payee

Citadel Servicing Corporation dba Acra Lending ISAOA/ATIMA PO Box 29411 Phoenix, AZ 85038-9411 Loan Number: See Approval

CPL or subordinate clause

Citadel Servicing Corporation dba Acra Lending ISAOA/ATIMA 3 Ada Parkway #200A Irvine, CA 92618 Loan Number: See Approval

Lock policies & fees

Lock policies

Lock extension

Extensions: 14 days max, 0.750% discount, one-time only. **NOTE: The rate is automatically locked at submission for 45days In the event the lock expires on a holiday or weekend, the lock will automatically extend onto the immediately following business day.

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Jumbo Non-Conforming Lender: DSCR, P&L, Bank Statements, Foreign National, ITIN, Non-Permanent Residents, Expired VISAs, Expired Work Permits, Assets Only, Multifamily, Etc.

We also offer a WVOE only program, a 1 score/no score program, as well as a 1year self-employed program

We also offer ATR in full. It is qualifying on assets that equal the loan amount. No reserves required and this is for primary homes only.

DSCR
RATE MATCH
ITIN
BANK STATEMENTS
FOREIGN NATIONAL

First-Time Home Buyers – DSCR Loans:
Allowed with strict requirements, including: minimum 700 FICO, max 70% CLTV, minimum DSCR 1.15, loan cap of $1M, full amortization only, impounds required, and at least six months reserves.

Non-Owner Occupied Vacant Properties:
Vacant properties may qualify if owned ≥15 months, borrower has 700+ FICO, CLTV meets tiered limits (70% / 65% / 60%), DSCR ≥1.15 or DTI ≤40%, three-year prepay penalty (where allowed), full amortization, impounds, and six months reserves (cash-out allowed for reserves).

Recently Listed Properties (Wholesale Only):
Properties listed within the last six months ok

Allow lender credit to cover BPC.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews