SIVA Elite

Lowest Rates

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.

As of April 1st, 2023: All LTVs will be reduced by 5%.

Purchase

- O/O – 65% LTV to $2.5M.
- N/O/O – 60% LTV to $2.5M.
- SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines))
- Seller minimum ownership seasoning: 6 months
- 690 Mid Fico Score
- No history of BK, FC, SS, Charge-Off’s Property Tax Events
- No mortgage lates for 24 months
- Non Mortgage – 1×30 in past 12 months and 2×30 in 24 months
- With qualifying Reserves, DTI will not be calculated and Employment is not required
- Asset Requirements:

- - 24 months PITI reserves regardless of what the DTI is
    - 12 months min cash/12 months other (ex. 401k, real estate)
- Gift Funds allowed. Minimum 5% of Purchase Price + Reserves must be Borrower’s own funds
- No Prepayment Penalties
- No max properties owned/financed (15 max properties on NOO transactions. Free and Clear and Commercial properties are exempt)
- Reduce LTV by 5% for no FICO
- Reduce LTV by 5% for no Credit references (utility bills)

Refinance

- O/O
  - R/T – 65% LTV to $2.5M
  - C/O – 50% LTV to $2.5M
- N/O/O
  - R/T – 60% LTV to $2.5M
  - C/O – 50% LTV to $2.5M (Max C/O $1.5M)
- SFR 1-4, Condo’s + PUD’s (Warrantable Only ((Freddie-Mac Guidelines))
- 690 Mid Fico Score
- No history of BK, FC, SS, Charge-Off’s, Property Tax Events
- No mortgage lates for 24 months
- Non Mortgage – 1×30 in past 12 months and 2×30 in 24 months
- No Max Cash-Out
- With qualifying Reserves, DTI will not be calculated and no Seasoning of Employment is Required
- Asset Requirements:
  - 24 months PITI reserves regardless of what the DTI is:
    - 12 months min cash/12 months other (ex. 401k, real estate)

Self-Employed and Wage Earner borrowers accepted
No Pre-Payment Penalties
No max properties owned/financed (15 max properties on NOO transactions. Free and Clear and Commercial properties are exempt)
Reduce LTV by 5% for no FICO
Reduce LTV by 5% for no Credit references (utility bills)

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.

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.